According to a survey among US consumers by PR Newswire, 64% of people rarely or never invest in travel insurance.
The US plays a pivotal role in the tourism industry. Apart from being the country which generates the most revenue from travel and tourism, it is also one of the countries with the most outward tourists each year. Despite this, the number of travelers investing in travel insurance remains low. Although there are many companies offering insurance packages at lucrative rates, such as Sun Life Financial, Inc. (NYSE: SLF), most tourists simply do not feel the need to obtain such services. According to a survey among US consumers by PR Newswire, 64% of people rarely or never invest in travel insurance.