NAICS Code 524210-10 - Insurance Travel

Marketing Level - NAICS 8-Digit

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  • Business Phone Number
  • Industry Codes (Primary and Secondary SIC & NAICS Codes)
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  • Employee Count
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Looking for more companies? See NAICS 524210 - Insurance Agencies and Brokerages - 145,052 companies, 1,134,687 emails.

NAICS Code 524210-10 Description (8-Digit)

Insurance Travel is a subdivision of the Insurance Agencies and Brokerages industry that specializes in providing insurance coverage for individuals and groups traveling domestically or internationally. This industry involves assessing the risks associated with travel and providing coverage for potential losses such as trip cancellations, medical emergencies, lost luggage, and other unforeseen events that may occur during travel. Insurance Travel companies work with clients to determine the appropriate level of coverage needed for their specific travel plans and offer a range of policies to meet those needs.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 524210 page

Tools

Tools commonly used in the Insurance Travel industry for day-to-day tasks and operations.

  • Travel insurance software
  • Online booking systems
  • Risk assessment tools
  • Claims management software
  • Customer relationship management (CRM) software
  • Policy management software
  • Payment processing software
  • Data analytics tools
  • Mobile applications for policy management and claims
  • Online chat and messaging platforms for customer support

Industry Examples of Insurance Travel

Common products and services typical of NAICS Code 524210-10, illustrating the main business activities and contributions to the market.

  • International travel insurance
  • Domestic travel insurance
  • Cruise insurance
  • Adventure travel insurance
  • Business travel insurance
  • Student travel insurance
  • Group travel insurance
  • Senior travel insurance
  • Sports travel insurance
  • Medical travel insurance

History

A concise historical narrative of NAICS Code 524210-10 covering global milestones and recent developments within the United States.

  • The "Insurance Travel" industry has a long history dating back to the early 1800s when the first travel insurance policy was issued in the UK. In the late 1800s, travel insurance policies were introduced in the US, and by the early 1900s, travel insurance had become a common practice for travelers. In the 1950s, the industry saw a significant shift with the introduction of package holidays, which led to the development of more comprehensive travel insurance policies. In recent years, the industry has seen notable advancements in technology, with the introduction of online booking platforms and mobile applications that allow travelers to purchase insurance policies on the go. In the United States, the "Insurance Travel" industry has experienced significant growth in recent years. According to a report by the US Travel Insurance Association, the industry saw a 40% increase in sales between 2014 and 2018. This growth can be attributed to several factors, including an increase in international travel, a rise in the number of baby boomers traveling, and an increase in the number of people purchasing travel insurance policies for domestic travel. The industry has also seen advancements in technology, with many insurance providers offering online booking platforms and mobile applications that allow travelers to purchase policies quickly and easily. Overall, the "Insurance Travel" industry has a rich history and continues to evolve to meet the needs of modern travelers.