Travel Insurance Market to be Dominated by North America through 2028
The increasing availability of travel insurance packages on online platforms and the growing number of business travelers are the leading factors driving the global travel insurance market during the projected period. According to TechSci Research report, “ Travel Insurance Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F” The travel insurance market has been driven by key elements such as increasing tourism worldwide, rising number of business trips, growing online purchases of travel plans, etc. Another factor, i.e., affordable travel insurance plans, is encouraging consumers to avail such programs. Moreover, the demand for travel insurance is anticipated to surge as the tourism industry develops due to other factors, including extensive media coverage of various vacation types and improved holiday packages. Due to travel insurance's ability to provide total compensation in unforeseen circumstances, spending on trav...