Corporate Travel Insurance Market Is Bound To Make An Impact In Your Business
Jan 21, 2020 (AmericaNewsHour) -- Recent report published by research nester titled "Corporate Travel Insurance Market: Global Demand Analysis & Opportunity Outlook 2024"delivers detailed overview of the corporate travel insurance market in terms of market segmentation by insurance, by distribution channel and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter's five force model.
The corporate travel insurance market has been segmented by insurance into single trip travel insurance, annual multi-trip travel insurance and long-stay travel insurance. Among these segments, the annual multi-trip segment represented the largest market share in previous years and is expected to continue its dominance by expanding at a significant compound annual growth rate over the forecast period.
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The global market of corporate travel insurance is anticipated to witness a robust growth over the forecast period by expanding at a compound annual growth rate of 8.6% over the period 2017-2024. Rising awareness about corporate travel insurance among business travelers is driving the growth of corporate travel insurance market. Factors such as rising expansion of business across the globe and increasing business travelers are estimated to boom the corporate travel insurance market with striking revenue by the end of 2024.
In the regional segment, Europe accounted for largest market in corporate travel insurance in previous years and is expected to maintain its dominance over the forecast period. This can be attributed to recent terror attacks in France, Germany among other European countries. China, Korea and Japan are witnessing the increased demand for corporate travel insurance and anticipated to make Asia Pacific maintain second largest market in overall Corporate Travel Insurance Market. Further, advanced technological access and enhanced travel options are driving the growth of corporate travel insurance market in North America region.
Wide Range of Benefits to Drive the Market
The growth of the market is driving on the back of increasing rate of business travels which is anticipated to drive the demand for corporate travel insurance so as to cover the medical expenses and inevitable losses while travelling. Benefits such as loss of baggage, trip cancellation and evacuation owing to medical conditions among others are some of the factors that are expected to benefit the expansion of corporate travel insurance market around the globe. Further, government regulations in several regions have made travel insurance compulsory which is believed to supplement the growth of the corporate travel insurance market.
However, lack of awareness about insurance policies is believed to inhibit the growth of the corporate travel insurance market in the near future.
This report also provides the existing competitive scenario of some of the key players of the corporate travel insurance market which includes company profiling of CSA Travel Protection, Seven Corners, TravelSafe Insurance, USI Affinity, ACE Asia Pacific, Allianz Global Assistance, American International Group Inc. and AXA.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the corporate travel insurance market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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About Us
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
Contact for more Info:
Ajay Daniel
Email: ajay.daniel@researchnester.com
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919
The post Corporate Travel Insurance Market Is Bound To Make An Impact In Your Business appeared first on America News Hour.
COMTEX_360843609/2606/2020-01-21T02:12:50
Five Steps To Improve Your Leadership Skills In The New Decade
A new decade has arrived, which makes it the perfect time to take a step back from the day-to-day hustle and bustle of running your business and finetune your leadership skills so your business and employees can thrive.
The speed of technological, economic and social change in the 2020s will force executives to improve how they retain and develop their most valuable asset: their employees. There's no way around it.
When I was writing my book Vitamin B (For Business), I devoted many passages to the art of leading teams to achieve company goals. While leaders decide the company's strategy, it's the attitude and actions of your team members that determine whether the business succeeds.
Here are five steps that will guide you in building your business, developing the talents of your team members and improving your leadership skills:
1. Create a sense of purpose.
As a leader, it's your responsibility to establish a work environment in which all team members embrace the company's purpose and values. When team members buy into the company's foundational principles and understand how to live them out, they're more likely to give the extra effort needed to help the company grow. If you're not doing it already, display your company's purpose, values and mission where everyone can see it so they'll be reminded of what they're working for and why it's important.
2. Achieve your company's 'Big Hairy Audacious Goal' (BHAG).
Every company should have a long-term goal (think 10-15 years) that will transform the business and that all employees can easily understand. What do you want to accomplish by the next decade? Reaching your "Big Hairy Audacious Goal (BHAG), a term popularized by Jim Collins and Jerry I. Porras in their book Built To Last: Successful Habits of Visionary Companies, requires a written strategic plan that outlines the steps needed to accomplish the ultimate objective. Now is the time to review your BHAG to see if you're on track. Take a close look at the shorter-term goals in the plan to make sure they are still SMART (specific, measurable, attainable, relevant and time-bound).
3. Develop the leadership skills of your team.
Repeat after me: "I can't do it alone." You may have been wildly successful at building your businesses to this point, but in the future, your company will go only as far as the talent, drive and ideas of your team members. Make the 2020s the decade you help your team members improve their skills. Empower them to grow professionally and take on new challenges. Find money in the budget to fund professional development activities (conferences, online classes, memberships in trade organizations, etc.) for team members. The return on investment may be hard to quantify, but believe me, the increased passion and commitment will pay dividends down the road.
4. Stay on top of technology trends.
I'm not a futurist, but it's a safe bet that advances in science and technology will change how you do business this decade. Artificial intelligence, for example, has made a lasting impact on manufacturing, health care, agriculture and telecommunications. It's hard to believe that Siri and Alexa came into our lives in just the last decade.
At some time during the 2020s, your business will be disrupted by new competitors taking advantage of technology that you are not using. Enhance your leadership skills by looking for ways to stay ahead of the curve. Test new platforms and methods to deliver your product or service and manage company operations. Playing it safe is not an option.
5. Lead by example.
In my experience as an entrepreneur and business coach, I've learned one critical lesson: The leadership skills that got you this far in life will not get you to where you want to be during the next decade. Starting this year, get out of your comfort zone and challenge yourself to learn new skills. Identify three new areas of improvement and create a comprehensive list of clearly defined, measurable tasks that will lead you to achieve each goal. Your team members will likely follow suit and increase their energy and commitment when they see you learning new skills.
Steve Jobs once said, "If you are working on something that you really care about, you don't have to be pushed. The vision pulls you." Use this decade to improve your leadership skills so your vision pulls you, your team members and your company to greater success.
Power Electronics Market Is Bound To Make An Impact In Your Business
Jan 21, 2020 (AmericaNewsHour) -- Power electronics play a major role in the automotive industry as they help to enhance the use of electrical energy. Concern over sustainable growth and environmental pollution boost the growth of the power electronics market for hybrid electric vehicles and high-end automobiles. Rise in growth of power electronics market is also due to as the government orders to develop environmentally friendly vehicles.
Global power electronics market is expected to a notable CAGR of 7.12% during the forecast period. Moreover, the global power electronics market is expected to grow with high pace during the forecasting period due to the developments of the semiconductor devices and the microprocessor technology. Increasing awareness about depletion of fossil fuels, increasing CO2 and air pollution stimulates power electronics market.
The global power electronics market is segmented into product type such as discrete, module and IC. Among these segments, IC is expected to dominate the overall power electronics market. The advancements and research & development in power electronics devices have bolster the growth of power electronics market.
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Major drivers for the growth of power electronics market are high penetration of power electronics devices in utility applications and higher power density in electronics.
In terms of regional platform, Asia Pacific countries such as China, India holds the largest market share of global power electronics in terms of revenue in 2017. It is estimated that 49% of China's population owes smartphones which accelerate the market of power electronics in Asia Pacific.
North America is projected to be the fastest growing market for power electronics due to presence of large number of domestic consumer goods manufacturers.
Apart from this, Europe showcases lucrative growth over the forecast period i.e. 2017-2027.
Increasing demand for ICs in power electronics market
Integrated Circuit segment witness the fastest growth due to the demand for consumer electronic applications. They are the important components in LCD panels and laser diode drivers. Applications of integrated circuits in high frequency, high power systems such as RADAR, RF is making them essential component to defense and aerospace end users.
It is estimated that in 2006,the analog power ICs establish about 39% of the USD 21 Billion power management market. There is high demand for ICs in both application expansion and production volume. ICs are widely use in aerospace & defense, microwave radiation and high frequency wireless communication.
The report titled "Power Electronics Market: Global Demand Analysis & Opportunity Outlook 2027" delivers detailed overview of the global power electronics market in terms of market segmentation by product type, by material type, by application type and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter's five force model.
This report also provides the existing competitive scenario of some of the key players of the Global Power Electronics Market which includes company profiling:
Infineon Technologies, Texas Instruments, On Semiconductor, STMicroelectronics, Mitsubishi Electric Corp., Fuji Electric, Renesas Electronics, Toshiba Corp., NXP Semiconductors, Vishay Intertechnology, Maxim Integrated Products, SEMIKRON, ABB Group, ROHM Semiconductor, Microchip Technology and Danfoss.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global power electronics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Get Exclusive Sample Report Copy Of This Report @ https://www.researchnester.com/sample-request-828
About Us
Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.
Contact for more Info:
AJ Daniel
Email: sales@researchnester.com
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919
The post Power Electronics Market Is Bound To Make An Impact In Your Business appeared first on America News Hour.
COMTEX_360850872/2606/2020-01-21T05:41:16
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