Annual Multi-Trip Travel Insurance to Lead United States Travel Insurance Market
The growth of the travel insurance industry is driven by the rising tourism sector, the increasing number of attractive travel insurance plans, and the growing demand for international travel insurance in the United States. According to TechSci Research report, “ United States Travel Insurance Market ” - By Region, Competition Forecast and Opportunities, 2018-2028 ” , The United States travel insurance market has expanded significantly in recent years due to increasing business travel and the rising tourism sector. Travel insurance is a type of insurance that protects specific costs and damages associated with traveling. The coverage provided by travel insurance policies include trip cancellation, medical emergencies, travel delays, and luggage coverage. Stringent restrictions and regulations on travelers, regarding the VISA policy by various countries and regulatory authorities are to be responsible for the market expansion, particularly post-pandemic. Travel insuranc...