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Artificial Intelligence

Insights on the Travel Insurance Global Market to 2026 – by Insurance Type, Coverage, Distribution Channel, End-user and Region

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Dublin, Sept. 29, 2021 (GLOBE NEWSWIRE) — The “Travel Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.

The global travel insurance market reached a value of US$ 21.5 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of 12.2% during 2021-2026. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Travel insurance provides financial protection for expenses or losses incurred due to unexpected events while domestic or overseas travel. It generally covers the costs of lost or stolen belongings, emergency medical care, accidental death, and trip cancellation and interruption. It takes into effect from the day of travel until the insured reaches back home. Nowadays, several companies are providing travel insurance with 24/7 emergency services, such as replacing lost passports, cash wire assistance and re-booking canceled flights. They are also offering customization options depending on the geographical location and as per the requirements of the insured individuals.

Market Growth Drivers

The substantial growth in the travel and tourism industry in recent years, on account of inflating disposable incomes, rising business travels and the easy availability of online travel bookings and discounted package holidays represents one of the major factors bolstering the global travel insurance market growth. Moreover, governments of numerous countries have made it mandatory to attach travel insurance documents while applying for a visa, which is also contributing to the market growth. Apart from this, leading players are incorporating digital tools, such as application program interface (API), artificial intelligence (AI), data analytics and global positioning system (GPS), for improving distribution systems and providing personalized user experience. They are now also offering coverage for the coronavirus disease (COVID-19) and extending the expiration period without adding extra charges in their policies. However, due to lockdowns and travel restrictions imposed by governments of several countries to fight the pandemic, the market growth is being impacted negatively. It is expected to revive once normalcy is regained.

Key Market Segmentation

The analyst provides an analysis of the key trends in each sub-segment of the global travel insurance market, along with forecasts at the global, regional and country level from 2021-2026. The report has categorized the market based on insurance type, coverage, distribution channel and end user.

Breakup by Insurance Type:

  • Single-Trip Travel Insurance
  • Annual Multi-Trip Insurance
  • Long-Stay Travel Insurance

Breakup by Coverage

  • Medical Expenses
  • Trip Cancellation
  • Trip Delay
  • Property Damage
  • Others

Breakup by Distribution Channel

  • Insurance Intermediaries
  • Banks
  • Insurance Companies
  • Insurance Aggregators
  • Insurance Brokers
  • Others

Breakup by End User

  • Senior Citizens
  • Education Travelers
  • Business Travelers
  • Family Travelers
  • Others

Breakup by Region

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The report has also analysed the competitive landscape of the market with some of the key players being Allianz SE, American Express Company, American International Group, AXA SA, Berkshire Hathaway Specialty Insurance Company, Generali Group, Insure & Go Insurance Services (Mapfre S.A.), Seven Corners Inc., Travel Insured International Inc. (Crum & Forster), USI Affinity (USI Insurance Services) and Zurich Insurance Group AG.

Key Questions Answered in This Report

  • How has the global travel insurance market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global travel insurance market?
  • What are the key regional markets?
  • What is the breakup of the market based on the insurance type?
  • What is the breakup of the market based on the coverage?
  • What is the breakup of the market based on the distribution channel?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global travel insurance market and who are the key players?
  • What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Travel Insurance Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Insurance Type
6.1 Single-Trip Travel Insurance
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Annual Multi-Trip Insurance
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Long-Stay Travel Insurance
6.3.1 Market Trends
6.3.2 Market Forecast

7 Market Breakup by Coverage
7.1 Medical Expenses
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Trip Cancellation
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Trip Delay
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Property Damage
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast

8 Market Breakup by Distribution Channel
8.1 Insurance Intermediaries
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Banks
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Insurance Companies
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Insurance Aggregators
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Insurance Brokers
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast

9 Market Breakup by End-user
9.1 Senior Citizens
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Education Travelers
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Business Travelers
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Family Travelers
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast

10 Market Breakup by Region

11 SWOT Analysis

12 Value Chain Analysis

13 Porters Five Forces Analysis

14 Price Analysis

15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Allianz SE
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 American Express Company
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 American International Group
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 AXA SA
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Berkshire Hathaway Specialty Insurance Company
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Generali Group
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Insure & Go Insurance Services (Mapfre S.A.)
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.8 Seven Corners Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Travel Insured International Inc. (Crum & Forster)
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 USI Affinity (USI Insurance Services)
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Zurich Insurance Group AG
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis

For more information about this report visit https://www.researchandmarkets.com/r/tcnkfe


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

TASJEEL.AE UNVEILS INNOVATIVE AI-POWERED DOMAIN SEARCH IN PARTNERSHIP WITH TELECOMMUNICATIONS AND DIGITAL GOVERNMENT REGULATORY AUTHORITY

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DUBAI, UAE, April 16, 2024 /PRNewswire/ — Tasjeel.ae  announces the launch of its groundbreaking AI-powered domain search, a revolutionary tool designed to simplify and streamline the domain registration process for businesses looking to register .ae domains.

In collaboration with the Telecommunications and Digital Government Regulatory Authority (TDRA), Tasjeel.ae leverages AI technology to offer a unique solution for finding and securing domain names. The AI-powered tool is set to transform the way businesses discover and register their online identities.
Key features of Tasjeel.ae’s AI-Powered Domain Search include:
Description-Based Domain Results: This tool enables users to input a description of their business, the AI-powered domain search tools then rapidly sift through vast databases of available .ae domain names, saving time and effort.
Solution for Brand Naming Challenges: Facing difficulties in finding a unique brand name or discovering that your brand name is already taken on other domain extensions? Tasjeel.ae’s AI-powered domain search is the solution to your naming woes.
Direct .ae Version Registration: This feature is especially useful for instances when .com domain names are already taken. With Tasjeel.ae’s solution, users can secure the available .ae versions of their brand names directly, establishing a unique online presence.”
Wahid Abdulaziz, CEO of Tasjeel.ae, commented on the launch, stating, “We are delighted to introduce this innovative AI-powered domain search, which is a testament to our commitment to providing cutting-edge solutions for our clients. With the support of TDRA, we are confident that this tool will redefine the domain registration experience, offering convenience and efficiency”.
Abdul Rahman Al Marzouqi, Director, Policies and Programs Department, TDRA, expressed enthusiasm for the partnership, saying, “Collaborating with Tasjeel.ae on this project aligns with our mission to employ advanced technologies, particularly generative artificial intelligence, to enhance customers’ experiences. This partnership enables us to provide customers with quick and easy access to customized and accurate information.” Tasjeel.ae invites businesses and individuals to explore the future of domain registration with its AI-powered solution, positioning them for success in the digital landscape. The tool is available via www.tasjeel.ae/ai-domain-search
For media queries, please contact on:
[email protected].
About Tasjeel.ae
Established in 2009, Tasjeel.ae stands at the forefront as a premier provider of domain registration and digital services. Our mission revolves around delivering innovative solutions tailored for both businesses and individuals striving for a robust online presence. We prioritize user-friendly experiences and leverage cutting-edge technology to ensure a seamless journey in securing your online identity. As the largest privately owned .ae domain registrar in the industry, Tasjeel.ae is committed to delivering unparalleled customer satisfaction, making your experience smooth and hassle-free.
About TDRA:
The Telecommunications and Digital Government Regulatory Authority (TDRA) undertakes the task of supervising the telecommunications and digital government sectors in the UAE in accordance with the Telecommunications Law issued by Federal law by Decree No. (3) of 2003 and its amendments, and in accordance with Decree No. 23 issued on September 27, 2020, amending some provisions of Federal Law by Decree No. (3) of 2003 regarding the regulation of the telecommunication sector, and adding the “digital government” to the functions and name of the authority.
TDRA’s regulatory role is to ensure the provision of distinguished telecommunications services, develop the telecommunications sector, ensure the interests of the parties, apply the relevant policy and regulatory frameworks, develop human resources, and encourage research and development, to ensure the UAE’s leading regional and global position in the telecommunications sector.
In the field of enabling digital transformation, TDRA is responsible for supervising the federal digital government under Law No. 3 of 2011. Since then, TDRA has become responsible for digital transformation at the national level through two strategic goals: enhancing the smart lifestyle, and Leadership in smart technological infrastructure in the UAE.
 
 

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Artificial Intelligence

IDTechEx Discusses Membrane Materials for PEM Fuel Cells in the Post-PFAS World

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BOSTON, April 16, 2024 /PRNewswire/ — Membrane materials are of fundamental importance for fuel cells, even giving their name to the specific type of fuel cell, as is the case for Proton Exchange Membrane (PEM) fuel cells. Typically, these membranes consist of ionomers containing perfluoroalkyl substances (PFAS), which in turn are subject to increasing concern and proposed regulations. In response to this, alternative materials for membranes are beginning to emerge.

 
The IDTechEx report on the topic, “Materials for PEM Fuel Cells 2024-2034: Technologies, Markets, Players”, gives a detailed technical overview of membranes and other key components for PEM fuel cells and predicts the beginning of a transition away from PFAS membranes to alternatives within the next three to five years. The report also assesses the major players and provides granular 10-year market forecasts for key fuel cell components and materials in terms of both units and volume.
PEMs carry out a key role in the fuel cell; transporting protons across the cell while keeping the two fuels (oxygen and hydrogen) separated. The IDTechEx report extensively benchmarks the market leader against competing ionomer materials for three of the most crucial parameters for PEMs: electrical resistance, ion exchange capacity (IEC), and membrane thickness.
Although the membrane must be ionically conductive with respect to transporting protons, it is of crucial importance that the material is electrically insulating to avoid short-circuiting the cell. Rapid proton transport across the cell is enabled by a combination of high IEC and a thin membrane structure. Promising alternatives to PFAS-containing membranes exist; however, these are at an early stage, with no clear forerunner in the race to replace PFAS.
Proposed PFAS regulations will necessitate the development of alternative membrane materials for PEM fuel cells. Some of the promising options include hydrocarbons and MOF membranes, but which material parameters are key for success? Source: IDTechEx
In terms of emerging alternative materials, the question of which material parameters are of key importance must be addressed. The membrane is subject to oxidizing and reducing environments on either side of the cell and so must be able to exist in harsh, opposing conditions. The mechanical strength of the membrane directly impacts the performance of the fuel cell. A material with a higher strength can be manufactured to be thinner, leading to a higher power density for the fuel cell stack. Reinforcement can be added to the membrane by manufacturing a composite material. It is imperative that the membrane is impermeable to all but the protons that are exchanged from one side of the fuel cell to the other. Gas crossover occurs if either gas passes through the membrane, while the fuel cell would be short-circuited if the membrane is electrically conductive and allows electrons to pass through. Finally, as for all material supply, it is important that the membrane material can be produced easily and at a low cost.
So, which materials are at the fore of replacing PFAS in PEM fuel cells? Prototype developmental projects are underway with various OEMs, and novel materials are gaining traction, predominantly at an academic level. IDTechEx provides an assessment of composite membranes containing metal-organic frameworks (MOFs), benchmarking various materials across a number of parameters. Historically, hydrocarbons have not seen success as membrane materials due to their tendency to disintegrate in the harsh chemical environments within the fuel cell. However, recent advances have seen the development of hydrocarbon ion-exchange membranes capable of fulfilling the requirements for PEM fuel cells. Ultimately, IDTechEx expects to see the beginning of a transition away from PFAS membranes to alternatives (led by hydrocarbons) within the next three to five years.
Beyond fuel cells, increased restrictions on PFAS driving development of alternative materials in various other emerging technologies. IDTechEx has released a new report, “Per- and Polyfluoroalkyl Substances (PFAS) 2024: Emerging Applications, Alternatives, Regulations”, providing an assessment of emerging PFAS alternatives in critical application areas such as the hydrogen economy, 5G, electric vehicles, and sustainable packaging. Also included is an extensive analysis of current and proposed regulations limiting the use of PFAS.
For more details on the materials demand, trends, and emerging novel alternatives to the incumbents for PEM fuel cells, see the IDTechEx market report “Materials for PEM Fuel Cells 2024-2034: Technologies, Markets, Players”.
For more information on this report, including downloadable sample pages, please visit www.IDTechEx.com/MPEMFC.
For the full portfolio of market research from IDTechEx, please visit www.IDTechEx.com.
About IDTechEx:
IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact [email protected] or visit www.IDTechEx.com.  
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Media Contact:
Lucy RogersSales and Marketing [email protected] +44(0)1223 812300
Social Media Links:
Twitter: www.twitter.com/IDTechExLinkedIn: www.linkedin.com/company/IDTechEx
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Artificial Intelligence

Sparrow Co., Ltd. to Showcase the Latest Supply Chain Security Solutions at Black Hat Asia 2024 and Japan IT Week Spring 2024.

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SINGAPORE, April 16, 2024 /PRNewswire/ — Sparrow Co., Ltd., a leading provider of application security services, will be showcasing its latest application security solutions at Black Hat Asia 2024, held at the Marina Bay Sands Hotel in Singapore on April 18th and 19th and Japan IT Week Spring 2024 in Tokyo Big Sight on April 24th to 26th. Sparrow has previously introduced its solutions at Black Hat USA and Japan IT Week, and this marks its first appearance at Black Hat Asia, reflecting the company’s commitment to expanding its reach and serving the growing demand for application security solutions in ASEAN regions.

At the event, Sparrow will unveil the latest updates to its flagship offerings:
Sparrow Cloud: A cloud-based application security solution (SaaS) for easy access and analysis anytime, anywhere.Sparrow On-Demand: An API-driven application security testing service for seamless integration into development workflows.The increasing focus on cybersecurity is driven by several factors:
Government Mandates: Recent cybersecurity executive orders from the US and other governments highlight the need for enhanced security at all levels.Rising Cyber Threats: The prevalence of application-level attacks and the growing risk of supply chain breaches necessitate robust security measures.DevOps Adoption: The adoption of DevOps and CI/CD practices has accelerated the need for automated security testing solutions.Sparrow’s comprehensive suite of automated solutions addresses these concerns by covering the entire software development lifecycle. It includes Static Application Security Testing (SAST), Dynamic Application Security Testing (DAST), and Software Composition Analysis (SCA). Sparrow differentiates itself from competitors by offering all these solutions as cloud-based SaaS services. Also, to introduce its updated cloud services, Sparrow is offering a free 1-month evaluation paid license to anyone who registers for Sparrow Cloud by the end of April. 
Sparrow’s solutions effectively address software supply chain security with its application security testing solutions by enabling the identification and elimination of security vulnerabilities and the generation of SBOM (Software Bill of Materials). An SBOM acts as a detailed inventory of all components within a software build, enabling organizations to identify and track open-source components and their license details and vulnerabilities. This transparency can help organizations respond swiftly to security threats, enforce compliance standards, and ensure software supply chain integrity.
Why Choose Sparrow?
Sparrow with its over 17 years of comprehensive analytics expertise, differentiates itself from its competitors by possessing and developing all its solutions in-house solutions and continuously innovating its solutions and technologies to ensure our analysis techniques remain at the forefront of the industry. Sparrow solutions are ideal for organizations and companies seeking:
Comprehensive security testing for application security.Innovative approaches to application security.Visit Sparrow’s booth #607 at Black Hat Asia 2024 or their website ([https://sparrowfasoo.com/]) to learn more.

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