Booming Growth in Italy Travel Insurance

-

Get PDF Brochure 

Travel insurance covers the cost incurred due to any problematic incidents while traveling. It includes trip cancellation losses, loss of baggage, medical treatment of patients, and loss of travel documents, evacuation, or deportation during an emergency, and some other unavoidable conditions. In the coming years, the Italy travel insurance market is projected to grow at a significant rate owing to its low penetration rate and growth in tourism industry. According to World Travel & Tourism Council (WTTC), Italy tourism sector will rise by 2.6% in the year 2017, and is expected to contribute around 5.1% of country's GDP by 2027.

The growth of the travel insurance market is largely attributed to the growth in trend of availing travel insurance as a prerequisite for obtaining Visa to ensure that travelers are adequately covered in case of medical emergencies due to hospitalization in foreign countries and high costs of medical services during travel time.

Some of the significant players profiled in the report are Allianz global assistance SAS, AXA Group, DARAG Deutsche Versicherungs-und R?ckversicherungs-AG, Filo Diretto, Generali Group, Gruppo Cattolica Assicurazioni, MAPFRE S.A., Reale Mutua Assicurazioni, and UnipolSai Assicurazioni S.p.A. All these key players are involved in various strategic developments, such as partnerships, collaborations, mergers & acquisition and others to increase their market penetration in the industry.

In-depth analysis of the Italy travel insurance industry along with its dynamics is provided to understand the market scenario.
Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on prevailing opportunities.





Comments

Post a Comment

Popular posts from this blog

What will AI-powered Storage be able to do in the future?

-
Image
The AI-powered storage is anticipated to register decent growth in the forecast period owing to driving factors such as growth in data volumes coupled with increasing adoption of cloud-based services. Also, increasing demand for artificial intelligence in high performance computing data centers is influencing the market growth. However, data-security concerns associated with cloud and server-based services may hamper the growth of the AI-powered storage market during the forecast period. On the other hand, cross-industry partnerships and collaborations offer lucrative opportunities for the market players in the coming years. Get Sample PDF The "Global AI-powered Storage Analysis to 2027" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of AI-powered storage market with detailed market segmentation by offering, storage medium, storage sy...
Read more

Huge Demand for Spreadsheet Software

-
Image
  Get Sample PDF Spreadsheet software is the tool that organizes, catalogs, and maintains the data in easy-to-understand graphs and charts. This software collects data that can be used for analysis, real-time collaboration, and visual representations. Thereby, the rising use of this software by individuals and enterprises drives the growth of the spreadsheet software market growth over the forecast period. Spreadsheet software provides management solutions that can be integrated into development teams, marketing, accounting, etc. Thus, a wide range of this application among various departments across the industries is booming the demand for spreadsheet software market growth. However, the availability of an open-source tool is the key hindering factor for the spreadsheet software market growth. Moreover, an increase in the number of small and medium-sized enterprises across the globe and growing deployment of cloud-based deployment owing to its cost-effective solution is expected t...
Read more

For knowing more Luxury Goods

-
Image
  Luxury goods include designer apparels, ornaments, and other expensive merchandises that are typically accessible to the wealthy and often indicate status. The global luxury goods market is expected to reach $428,509 million by 2022, registering a CAGR of 3.8% during the forecast period. Get PDF Brochure The rise in disposable income has elevated the consumer lifestyle and shifted their preference towards deluxe cosmetics products. Moreover, the escalation in demand for luxury accessories and jewelry due to unique craftsmanship, refinement, quality, and brand name, further fuel the market. In addition, upgradation in product packaging styles and attractive marketing strategies by key players drive this market. However, currency depreciation, increased prices of raw materials, and economic turbulence in some developed countries could hamper the market growth. This market is segmented on the basis of product type, mode of sale, gender, and geography. The product type segment includ...
Read more