{"id":31408,"date":"2017-12-07T14:20:43","date_gmt":"2017-12-07T19:20:43","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=31408"},"modified":"2017-12-07T14:20:43","modified_gmt":"2017-12-07T19:20:43","slug":"travelinsurance-com-2018-predictions-global-disruptions-changing-demographics-shifts-in-how-we-shop-are-key-to-increased-growth-in-travel-insurance","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/travelinsurance-com-2018-predictions-global-disruptions-changing-demographics-shifts-in-how-we-shop-are-key-to-increased-growth-in-travel-insurance\/","title":{"rendered":"TravelInsurance.com 2018 Predictions: Global Disruptions, Changing Demographics, Shifts in How We Shop are Key to Increased Growth in Travel Insurance"},"content":{"rendered":"<p>NEW YORK, N.Y., Dec. 7, 2017 (SEND2PRESS NEWSWIRE) &#8212; Since 2012, travel insurance has been growing consistently at more than ten percent (10%) per year*, with recent activity driving even more interest, according to <a href=\"http:\/\/www.travelinsurance.com\" rel=\"nofollow\">TravelInsurance.com<\/a>. For 2018, Stan Sandberg, co-founder of TravelInsurance.com, predicts similar growth, bringing the overall U.S. travel insurance market to nearly $3.5 billion. The three broad trends fueling this growth will be global travel disruptions, favorable traveler demographics and the continued shift in how individuals shop for travel.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" title=\"Group Travel Insurance\" src=\"https:\/\/www.send2press.com\/wire\/images\/17-1010-travel-insurance-696x522.jpg\" alt=\"Group Travel Insurance\" width=\"696\" height=\"522\" class=\"alignnone size-full wp-image-29858\" srcset=\"https:\/\/www.send2press.com\/wire\/images\/17-1010-travel-insurance-696x522.jpg 696w, https:\/\/www.send2press.com\/wire\/images\/17-1010-travel-insurance-696x522-300x225.jpg 300w, https:\/\/www.send2press.com\/wire\/images\/17-1010-travel-insurance-696x522-600x450.jpg 600w\" sizes=\"auto, (max-width: 696px) 100vw, 696px\" \/><br \/>\n\u201cThe travel insurance industry is entering a period of high growth set by a confluence of factors, which together shift the way travelers view the need to protect their trip investments, driving many first-time travel insurance buyers into the market,\u201d said Sandberg. \u201cTravelInsurance.com is at the nexus of these trends, offering customers one of the easiest and most transparent self-service comparison sites in the industry.\u201d<\/p>\n<h4><em>The following are key predictions for 2018 as to what will drive this expected increase:<\/em><\/h4>\n<p><strong>Global Travel Disruptions: <\/strong><\/p>\n<ul>\n<li><strong>Mother Nature may continue to wreak havoc:<\/strong> The Atlantic Hurricane season in 2017 was one of the worst in recent years, causing devastation across the Southeast U.S. and Caribbean. Between hurricanes and other natural disasters, there is no shortage of events that can directly impact one\u2019s travel plans.<\/li>\n<li><strong>Threat of terrorism will continue to impact travel:<\/strong> Unfortunately, over the past decade, terror attacks have moved beyond the borders of countries in conflict. In recent years, we&#8217;ve seen terror attacks occur in some of the most popular tourist destinations, including Paris, London, Barcelona, Nice and Istanbul. Most travel insurance plans with trip cancellation offer coverage for terrorist attacks in the city on a traveler\u2019s itinerary. Since it\u2019s unlikely that terror attacks will deter the intrepid traveler, travel insurance can offer trip protection in the event one\u2019s travel plans are affected by future attacks.<\/li>\n<\/ul>\n<p>\u201cThe reality of global travel today is different from the glamour of past generations&#8211;with issues like long security lines, airline breakdowns and computer glitches becoming the norm,\u201d said Sandberg. \u201cOn top of these inconveniences, today\u2019s traveler also has to contend with major travel disruptions, such as severe weather and terrorist attacks, that can disrupt a trip even before it starts. While impossible to predict, the trend lines suggest that 2018 will bring more of the same.\u201d<\/p>\n<p><strong>Traveler Demographics:<\/strong><\/p>\n<ul>\n<li><strong>Boomer travel will continue to increase, leading to greater purchases of travel insurance. <\/strong>Baby boomers, who represent one of the largest demographics, are entering their retirement years, and one of the first things retirees do is travel. This will be a significant driver for travel insurance purchases in 2018 and over the next decade. This demographic represents the ideal travel insurance consumer \u2013 high levels of discretionary spending with the time and desire to see the world. They are also conscious about their health.<\/li>\n<li><strong>Millennials will consider travel insurance in greater numbers: <\/strong>Footloose and full of wanderlust, Millennials will continue to explore the globe in search of the amazing people, places and experiences that will make their Snapchat and Instagram accounts explode with envious followers. But unlike the depiction in the media as aloof, Millennials are extremely savvy consumers who&#8217;ve grown up on online comparison shopping.<\/li>\n<\/ul>\n<p>\u201cWhile Boomers may be more cautious about what could happen while on vacation, Millennials take calculated risks,\u201d explains Sandberg. \u201cThey are quite thoughtful about trip-planning, especially around a budget, and they understand the importance of protecting the things they purchases, whether it&#8217;s an iPhone with AppleCare or a month traveling in Thailand with trip protection.\u201d<\/p>\n<p><strong>The Way We Shop <\/strong><\/p>\n<ul>\n<li><strong>Consumers will comparison shop travel insurance plans versus accepting what is offered initially. <\/strong>Consumers are increasingly aware of the need to compare their travel options and read reviews before buying. This applies to hotels, cruises, airlines, tours and more. Checking \u2018yes\u2019 to the single source policy that they are offered from their online travel provider won\u2019t be enough. Travelers want easy and straightforward ways to purchase on their own, with complete transparency and trustworthiness.<\/li>\n<li><strong>Online travel bookings will lead to more online travel insurance purchases.<\/strong> While a significant portion of travelers book their trips online, many still work with local travel agents and tour operators. There will be continued growth in all demographics moving to self-service online travel bookings and, as this market expands, insurance will become a much larger online seller.<\/li>\n<\/ul>\n<p>\u201cThe bottom line is today\u2019s travel consumer is savvy and online. TravelInsurance.com was designed for today\u2019s traveler \u2013 making the experience fast and easy from start to finish. Global travel disruptions, key traveler demographics, and the online travel consumer will continue to drive significant growth in travel insurance purchases over the next decade, and TravelInsurance.com will be a trusted destination before travelers hit the road,\u201d concluded Sandberg.<\/p>\n<p><em>*Data from U.S. Travel Insurance Association\u2019s 2014\u20132016 Travel Protection Market Study and 2012\u20132014 Travel Insurance Market Survey<\/em><\/p>\n<p>For more information and travel tips, visit <a href=\"https:\/\/www.travelinsurance.com\/\" rel=\"nofollow\">https:\/\/www.travelinsurance.com\/<\/a>.<\/p>\n<p><strong>About TravelInsurance.com:<\/strong><br \/>\n<a href=\"https:\/\/www.travelinsurance.com\/\" rel=\"nofollow\">TravelInsurance.com<\/a> helps simplify the complicated world of travel insurance by providing consumers with the easiest way to compare and buy trip insurance coverage online. A member company of the U.S. Travel Insurance Association, owned and operated by DigiVentures Holdings, LLC, a licensed agency that works with some of the largest travel insurers in the industry. Purchases can be made directly through the website, with policies sent via email within minutes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, N.Y., Dec. 7, 2017 (SEND2PRESS NEWSWIRE) &#8212; Since 2012, travel insurance has been growing consistently at more than ten percent (10%) per year*, with recent activity driving even more interest, according to TravelInsurance.com. For 2018, Stan Sandberg, co-founder of TravelInsurance.com, predicts similar growth, bringing the overall U.S. travel insurance market to nearly $3.5 billion.<\/p>\n","protected":false},"author":6985,"featured_media":29858,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[278,38,134,105,8],"tags":[8695,9593],"class_list":["post-31408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-travel-news","category-finance-news","category-general-editorial-news","category-insurance-news","category-new-york-news","tag-travel-insurance","tag-travel-insurance-expert-stan-sandberg","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":6800,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/31408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/6985"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=31408"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/31408\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/29858"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=31408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=31408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=31408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}