Resources for travel companies to learn, sell & grow
For many, traveling internationally is a huge goal and a large investment, it only stands to reason that travelers want to protect those investments. This opens up an exciting opportunity for those in the insurance business—travel insurance.
From Baby Boomers to Generation Z, there is one thing that every generation dreams of doing—traveling the world. Whether they’re looking for the retirement trip of a lifetime, the study abroad trip they’ll never forget or the best family vacation ever, traveling internationally is something that people of all ages can enjoy.
In 2019, the global travel insurance market was valued at more than $19 billion a year. Despite the COVID-19 pandemic, that number is still expected to double by 2027, inching over $40 billion a year. Wouldn’t it be nice if some of that money went in your pocket?
Due to the number of people who want to travel and the high revenue percentages on each plan sold, travel and trip insurance can be exciting and lucrative additions to an insurance professional’s portfolio.
Most mainstream insurances, such as auto, life and home insurance, require a lot of time, paperwork and frustration to complete just one plan. With travel insurance, many of the common problems can be avoided. Selling travel insurance can be quick and easy with low effort and high reward.
As more people travel each year, the number of accidents and injuries also rises. More than 11.9 billion tourists arrived in foreign countries in 2017, and these numbers continue to rise each year. With this comes and opportunity to cater to these travelers, helping them to protect themselves from the dangers inherent in traveling far from home.
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