According to the report, the global business travel accident insurance market was approximately USD 4,464 million in 2018 and is expected to generate around USD 9,126 million by 2025, at a CAGR of around 9.4% between 2019 and 2025.
New York, NY, May 15, 2019 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Business Travel Accident Insurance Market by Type (Single Trip Coverage, Annual Multi Trip Coverage, and Others), by Distribution Channel (Insurance Company, Insurance Broker, Banks, Insurance Aggregators, and Others), and by End-User (Corporations, Government, and International Travelers and Employees (Expats)): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global business travel accident insurance market was approximately USD 4,464 million in 2018 and is expected to generate around USD 9,126 million by 2025, at a CAGR of around 9.4% between 2019 and 2025.
Business travel accident insurance provides accidental insurance cover for business trips of a customer or an organization. Moreover, it provides dismemberment benefits and accidental death coverage for employees who are traveling for their company’s business. The travel accident insurance coverage includes assistance for disability, accident medical expenditures, paralysis, coma, etc. Over the ages, travel insurance has grown significantly. Rapidly flourishing international trade, constantly transforming trade practices, improving global economic situation, growing need to sustain client relations worldwide, rising occurrences of terrorist attacks and natural disasters, increasing popularity of price comparison applications and websites, growing trend of multi-trip policies, rising business travel, and various benefits offered by business travel accident insurance will act as major driving factors for the growth of the global business travel accident insurance market in the years ahead. Nonetheless, the lack of guidance and high premium may restrict the global business travel accident insurance market in the future.
Browse through 73 Tables & 27 Figures spread over 110 Pages and in-depth TOC on “Global Business Travel Accident Insurance Market: By Type, Size, Share, Industry Trends, Segments, Analysis and Forecast, 2018–2025”.
Request Free Sample Report of Global Business Travel Accident Insurance Market Report @ https://www.zionmarketresearch.com/sample/business-travel-accident-insurance-market
The global business travel accident insurance market is split into type, distribution channel, and end-user. By type, the business travel accident insurance market includes single trip coverage, annual multi-trip coverage, and others. The annual multi-trip coverage segment is expected to advance at the highest CAGR in the years ahead, owing to the rising popularity of multi-trip policies. The distribution channel segment includes insurance company, insurance broker, banks, insurance aggregators, and others. The insurance company segment dominated the market in 2018, accounting for over 22% of the market share. By end-user, the market includes corporations, government, and international travelers and employees (expats). Corporations are expected to dominate the global market in the upcoming years.
Europe represents an established region for business travel accident insurance market and will show the fastest growth in the future. UK and Germany are the leading countries for business travel accident insurance market in Europe. Germany will progress at the topmost CAGR over the anticipated timeframe, due to the ease of travel within Europe, the presence of favorable trade agreements between European Union countries, high awareness regarding business travel insurance, and the presence of stringent regulations.
Download Free Report PDF Brochure: https://www.zionmarketresearch.com/requestbrochure/business-travel-accident-insurance-market
The North American market will display substantial growth in the future. The U.S. is the leading country market in North America, owing to the growing trade agreements of the U.S. with other nations.
The Asia Pacific region is anticipated to advance at the most dominant rate over the estimated time period. India, China, and Japan are expected to majorly contribute to the business travel accident insurance market growth. Developments witnessed in the Asia Pacific region are expected to be driven by a rise in business travel, global expansion of major organizations, and growing trend of multi-trip policies.
Browse the full “Business Travel Accident Insurance Market by Type (Single Trip Coverage, Annual Multi Trip Coverage, and Others), by Distribution Channel (Insurance Company, Insurance Broker, Banks, Insurance Aggregators, and Others), and by End-User (Corporations, Government, and International Travelers and Employees (Expats)): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/business-travel-accident-insurance-market
Latin America will record swift market growth over the estimated time period, due to the increasing travel for business purposes, growing awareness regarding business travel accident insurance, and efforts taken by governments. The Middle Eastern and African region is predicted to show limited growth due to lack of awareness and guidance related to the business travel accident insurance market.
Inquire more about this report before purchase @ https://www.zionmarketresearch.com/inquiry/business-travel-accident-insurance-market
Some key players of the global business travel accident insurance market include Assicurazioni Generali, MetLife, Inc., Nationwide Mutual Insurance Company, Zurich, AWP Australia, AXA, American International Group, Chubb, Tokio Marine Holdings, Woodward Markwell Insurance Brokers, The Hartford, Tata AIG General Insurance Company Limited, and Starr International Company.
Request customized copy of report @ https://www.zionmarketresearch.com/custom/4102
This report segments the global business travel accident insurance market into:
Global Business Travel Accident Insurance Market: By Type
- Single Trip Coverage
- Annual Multi Trip Coverage
Global Business Travel Accident Insurance Market: By Distribution Channel
- Insurance Company
- Insurance Broker
- Insurance Aggregators
Global Business Travel Accident Insurance Market: By End-User
- International Travelers and Employees (Expats)
Global Business Travel Accident Insurance Market: By Region
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
- Parking Reservation System Market: https://www.zionmarketresearch.com/report/parking-reservation-system-market
- Automated Guided Vehicle (AGV) Fleet Management Platform Market: https://www.zionmarketresearch.com/report/automated-guided-vehicle-fleet-management-platform-market
- Award Management Software Market: https://www.zionmarketresearch.com/report/award-management-software-market
- Healthcare Augmented & Virtual Reality Market: https://www.zionmarketresearch.com/report/healthcare-augmented-virtual-reality-market
- Content Management Software Market: https://www.zionmarketresearch.com/report/content-management-software-market
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Follow Us LinkedIn: https://www.linkedin.com/company/zion-market-research
Follow Us Twitter: https://twitter.com/zion_research
Blog: http://zmrindustryjournal.us | http://zmrresearchnews.us | http://zmrmarketjournal.com | http://zmrindustrynews.us | http://zmrnewsmagazine.com | https://zmrnewsblog.com | http://zmrmarketresearch.com | http://zmrindustryanalysis.com
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: [email protected]
Latest posts by GlobeNewswire (see all)
- North American Fully Autonomous Car Market is Expected to Reach $52.3 billion by 2030: P&S Intelligence - May 27, 2019
- Left Atrial Appendage (LAA) Closure Devices Market; Rising Prevalence of Atrial Fibrillation Driving the Industry Growth - May 27, 2019
- Global Cyber Security Market is Set to Reach USD 282.3 Billion by 2024, Growing at a CAGR of 11.1% during the Forecast Period: VynZ Research - May 27, 2019