Corporate Travel Insurance Market: Development Status, Emerging Trends, Revenue Growth, Development And Demand Forecast To 2024

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Oct 15, 2020 (AmericaNewsHour) —
Recent report published by research nester titled “Corporate Travel Insurance Market[1]: Global Demand Analysis & Opportunity Outlook 2024″delivers detailed overview of the corporate travel insurance market in terms of market segmentation by insurance, by distribution channel and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

The corporate travel insurance market has been segmented by insurance into single trip travel insurance, annual multi-trip travel insurance and long-stay travel insurance. Among these segments, the annual multi-trip segment represented the largest market share in previous years and is expected to continue its dominance by expanding at a significant compound annual growth rate over the forecast period.

The Final Report will cover the impact analysis of COVID-19 on this industry @[2]

The global market of corporate travel insurance is anticipated to witness a robust growth over the forecast period by expanding at a compound annual growth rate of 8.6% over the period 2017-2024. Rising awareness about corporate travel insurance among business travelers is driving the growth of corporate travel insurance market. Factors such as rising expansion of business across the globe and increasing business travelers are estimated to boom the corporate travel insurance market with striking revenue by the end of 2024.

In the regional segment, Europe accounted for largest market in corporate travel insurance in previous years and is expected to maintain its dominance over the forecast period. This can be attributed to recent terror attacks in France, Germany among other European countries. China, Korea and Japan are witnessing the increased demand for corporate travel insurance and anticipated to make Asia Pacific maintain second largest market in overall Corporate Travel Insurance Market. Further, advanced technological access and enhanced travel options are driving the growth of corporate travel insurance market in North America region.

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