Published on in “Business, Business”, language — English. 5 pages.
The rise of low-cost airlines is the main growth driver of the travel insurance market. With the emergence of low-cost airlines, there has been an upsurge in the number of airport passengers. This, in turn, has led to a rise in the overall travel insurance premium that has hiked profit margins of the top travel insurance vendors. The existing trend of non-conventional expenses being insured is expected to boost the market growth in the years to come. More
