What is the Travel Insurance industry?
The Travel Insurance industry generates revenue from premiums paid for a range of insurance options. These insurance options aim to provide coverage for unforeseeable and unfortunate circumstances that may befall the policy buyer during their travels, reducing his or her hardship.
The largest product segment in the industry is premiums associated with cancellation insurance. This segment consists of purchasing cancellation insurance to cover travel plans that must be cancelled ahead of time or during the trip itself. This typically includes coverage for expenses such as cancellation fees for flights, hotels or other bookings... purchase to read more