Student travel insurance market projected to grow to $15.5 billion by 2032
From Globenewswire: 2024-08-22 12:30:00
Allied Market Research published a report on the student travel insurance market, projecting growth from $2.8 billion in 2023 to $15.5 billion by 2032 with a CAGR of 21.1%. Factors driving growth include awareness, mandatory requirements, and tailored solutions for student travelers. The report covers type, coverage, distribution channel, and regions. Europe dominates the market, but Asia-Pacific is rapidly growing. Key players include TATA AIG, Bajaj Allianz, and Zurich American Insurance Company. Recent developments include SingSaver partnering with Allianz and TATA AIG launching “Travel Guard Plus”. Stakeholders benefit from quantitative analysis, trend identification, and market segmentation insights. Key segments include type, coverage, distribution channel, and region.
In summary, the student travel insurance market is projected to see significant growth from 2023 to 2032, driven by factors such as rising awareness, mandatory requirements, and tailored solutions for student travelers. Key players in the market include TATA AIG, Bajaj Allianz, and Zurich American Insurance Company. The Europe region currently dominates the market, but Asia-Pacific is showing rapid growth. Recent developments include SingSaver partnering with Allianz and TATA AIG launching “Travel Guard Plus”. Stakeholders benefit from quantitative analysis, trend identification, and market segmentation insights across key segments including type, coverage, distribution channel, and region.
Read more at Globenewswire: Student Travel Insurance Market to Reach $15.5 Billion,