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Worldwide, the insurance industry has been in constant state of flux. The developments are fueled by significant cost reduction to suit the tightening purse strings of consumers. Insurance providers, and companies are changing strategic mix to become more customer-focused, business-friendly, and more agile to respond to risks. Recent advancement in technology and application of data analytics to understand the needs of customers has led to better decision by insurers. Allied Market Research reports offer insights into current market dynamics, emerging trends across various regions, innovations brought about by key market players to expand their market presence.
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Italy Travel Insurance Market is a financial instrument, which offsets the potential loss that may be incurred due to untoward incidents such as medical treatment cost due to mishaps, trip cancellations, loss of luggage, and other travelling associated unforeseen losses.
The North America travel insurance market is estimated to reach $8,165 million by 2022, growing at a CAGR of 8.8% from 2016 to 2022. Travel insurance covers the expenses incurred and minimizes the risks during travel. It acts as a ...
The Europe travel insurance market is estimated to reach $7,583 million by 2023, growing at a CAGR of 5.9% from 2016 to 2022. Travel insurance provides protection against an unexpected medical cost and the number of risks faced by travelers. ...
The Asia-Pacific travel insurance market is estimated to reach $9,875 million by 2023, growing at a CAGR of 10.1% from 2016 to 2022. Travel insurance provides security and protection to travelers while traveling domestically or internationally, whether on a business ...
The cyber insurance market is flourishing owing to increase in demand for cyber insurance policies. The growth is attributed to the rise in cyber-attacks such as coordinated cyber-attack on regional energy distribution companies in Ukraine, system breach of the health insurer Anthem Inc., breach of the White House's unclassified network, and massive customer data breach faced by LinkedIn and twitter.
Usage-Based Insurance Market is expected to garner $123 billion by 2022, registering a CAGR of 36.4% during the forecast period 2016-2022. Factors driving the usage-based insurance market include flexible insurance premium, lower accident & vehicle theft possibilities, accurate & timely data collection, and lower fuel consumption.
The Travel Insurance Market share is expected to generate $28,264 million by 2022, growing at a CAGR of 8.5% during 20162022. In 2015, Europe leads the travel insurance industry, followed by Asia-Pacific.
Pet insurance is a type of specialty property and casualty insurance policy, which pet owners purchase to cover the unintended costs, such as veterinary services, surgical procedures, injuries from accidents, and prescribed pet medicines. It is a form of property ...
Business travel insurance provides insurance cover for the purpose of business trips of a customer or for an organization. In addition, it provides risk cover against medical and hospitalization expenses for accident or illness, including medical evacuation if necessary, death ...
A boat davit is a device used on a ship to raise, support, and lower the boats. This device is majorly used to lower an emergency life boat from the ship, and also to clean the boat from saltwater.
Auto insurance is insurance policy for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against collision coverage, comprehensive coverage, uninsured/underinsured motorist coverage, medical payments, and personal injury protection.
Insurance is an effective way to manage risk wherein one can transfer the cost of a potential loss under certain circumstance to the insurance company in exchange of fees also known as premium. Various types of insurances include health insurance, automobile insurance, pet insurance, and life insurance.
Travel insurance minimizes the risks during travel and intends to cover losses experienced by trip cancellation due to medical emergency, loss of baggage, evacuation due to medical condition or hijack, loss of travel documents, and others. Within LAMEA, The travel ...
The health insurances cover the cost associated with medical and surgical expenses of the individual. These costs occurred during the treatment of patient are either fully paid by insurance company in advance or by indirect method in which the patient ...
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