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November 26, 2020 09:45 AM Eastern Standard Time LONDON--( BUSINESS WIRE )--SpendEdge forecast the global Travel Insurance market is expected to grow by USD 9 billion as we reach 2024. This is due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 8.06%. For the Right Perspective & Competitive Insights- Request Free Sample Report on Pandemic Recovery Analysis Read the 120-page research report with TOC and LOE on "Global Travel Insurance market– Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, and insights my link into best practices to optimize procurement spend." Our Travel Insurance market procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation. The insights offered by our reports will help procurement professionals streamline supply chain operations and gain insights into the best procurement practices to mitigate losses. SpendEdge suggests various forecast scenarios considering the impact of COVID-19. SpendEdge’s in-depth research has direct and indirect COVID-19 impacted market research reports. SpendEdge's SUBSCRIPTION platform Travel Insurance Market 2020-2024: Key Highlights CAGR of the market during the forecast period 2020-2024 Detailed information on factors that will assist Travel Insurance market growth during the next five years Estimation of the Travel Insurance market size Predictions on upcoming trends and changes in supplier behavior The growth of the Travel Insurance market Analysis of the market’s competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of Travel Insurance market vendors Related Reports on Financial Services Include: Equipment Finance - Sourcing and Procurement Intelligence Report : The report identifies Hitachi Capital Corp., Caterpillar Inc., and BNP Paribas SA among the most important suppliers for equipment finance procurement. Suppliers have a moderate bargaining power in a market, which is set to grow at 3.41%. Therefore, the price of equipment finance will increase by 2.5%-4.5% during the forecast period.