Travel Insurance Under the Influence

Despite a healthy yet competitive travel insurance market with projections to surpass $35 billion by 2025, there are a slew of new entrants, specifically consumer-facing platforms, that threaten the existence of travel insurance as a stand-alone product and force insurers to go beyond coverage and convenience in order to stay relevant in this modern landscape. This report addresses:

  • Modern initiatives by travel insurers according to Coverager’s 5 elements of modern insurance
  • External threats and distribution developments in travel
  • How to leverage creative to combat product commoditization