BEIJING CHINA–GERMANY FORUM FOR INDUSTRIAL COOPERATION AND DEVELOPMENT——China-Germany (China–Europe) Hidden Champions 2024 Will Kick Off

BEIJING, May 10, 2024 /PRNewswire/ — On May 6, 2024, the press conference on BEIJING CHINA–GERMANY FORUM FOR INDUSTRIAL COOPERATION AND DEVELOPMENT — China–Germany (China–Europe) Hidden Champions Forum 2024 (Hereinafter referred to as the Forum 2024) was held at China-Germany Plaza in Shunyi District of Beijing.

The Forum 2024 will be held at the Beijing China-Germany International Conference and Exhibition Center in Shunyi District from May 12 to 14, 2024. The event is co-sponsored by the Shunyi District People’s Government of Beijing Municipality, the International Economic Senate (IES), and the Network for International Cooperation on Technology Commercialization (NICTC), and the International Cooperation Center of the National Development and Reform Commission (ICC-NDRC) and Asia Digital Group serve as its strategic partners.

The press conference was hosted by Zhou Jinghui, head of the Shunyi Bureau of Economy and Information Technology and chairperson of the Management Committee of the Beijing China-Germany International Cooperation Industrial Park (hereinafter referred to as the Industrial Park). Du Yue (Deputy Head of Shunyi District People’s Government of Beijing Municipality), Ren Zhiguang (Executive Director of the Forum from IES), and Ding Kai (Chief of Mechanism Cooperation Division, ICC-NDRC) attended the press conference and delivered speeches. Additionally, Zhang Zhang (NICTC Executive Director-General) and Zhu Dongfang (President of Asia Digital Group) participated in the conference.

It is reported that the Forum 2024 will include the Opening Ceremony & Plenary Sessions, a Roundtable on Innovation-driven Development between German Enterprises and Industrial Park, New Energy and Intelligent Vehicle Industry Development Forum, “Digital Intelligence in Shunyi” China–Germany (China–Europe) Cooperation and Development Forum, and China–Germany (China–Europe) Hidden Champions Economic and Technological Exchanges and Cooperation Forum. Concurrently, the Forum 2024 will host activities such as the Shunyi Tour for Hidden-Champion Entrepreneurs and the China–Germany (China–Europe) Economic and Technological Interaction Area.

The Forum 2024 will pool global resources to better facilitate the cooperation in multiple fields like economy, technology and more from a higher and broader perspective, and to create an event for German and other European businesses to come together in Beijing and exchange ideas on technological innovation, industrial development, talent flow and information.

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The travel insurance market has grown due to rapid growth in tourism, convenient shopping due to online comparison sites, and travel rules & regulations are the major factors that drive the growth of the global travel insurance market.

PORTLAND, Ore., May 10, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Travel Insurance Market by Insurance Cover (Single-Trip Travel Insurance, Annual Multi-Trip Travel Insurance, and Long-Stay Travel Insurance), Distribution Channel (Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, and Insurance Aggregators), End User (Senior Citizens, Education Travelers, Business Travelers, Family Travelers, and Others), and Age Group (1-17 Years Old, 18-30 Years Old, 31-49 Years Old, and Above 50 Years): Global Opportunity Analysis and Industry Forecast, 2022-2031, and Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2023-2032.”. According to the report, the travel insurance industry generated $16.8 billion in 2023 and is anticipated to generate $106.8 billion by 2032, witnessing a CAGR of 20.1% from 2023 to 2032. 

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208 – Tables
67 – Charts
381 – Pages

Prime determinants of growth

Rapid growth in tourism, convenient shopping due to online comparison sites and travel rules and regulations primarily drive the growth of the travel insurance market. However, lack of awareness regarding travel insurance policy hampers the market growth. On the contrary, expansion of products and services and new technological developments in the travel insurance industry is expected to provide lucrative opportunities for the market growth during the forecast period.

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The long-stay travel insurance segment to maintain its leadership status throughout the forecast period.

By insurance cover, the single-trip travel insurance segment held the largest market share in 2022, accounting for more than three-fifths of the travel insurance market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to its comprehensive coverage for a single journey, including trip cancellations, medical emergencies, and baggage loss, providing travelers with peace of mind. However, the long-stay travel insurance segment is projected to manifest the highest CAGR of 23.8% from 2023 to 2032, owing to the increasing number of long-term travelers seeking comprehensive insurance coverage for extended stays abroad.

The insurance aggregators segment to maintain its leadership status throughout the forecast period.

By distribution channel, the insurance intermediaries segment held the largest market share in 2022, accounting for nearly one-third of the travel insurance market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to its wide network, personalized services, and strong customer relationships, which cater to the diverse needs of travelers efficiently. However, the insurance aggregators segment is projected to manifest the highest CAGR of 23.0% from 2023 to 2032, owing to its ability to offer a wide range of insurance options from different providers, providing customers with greater choice and convenience in selecting suitable policies.

The business travelers segment to maintain its leadership status throughout the forecast period.

By end user, the family travelers segment held the largest market share in 2022, accounting for nearly one-third of the travel insurance market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to the rising number of families opting for travel insurance to protect their loved ones against unforeseen events such as medical emergencies and trip cancellations. However, the business travelers segment is projected to manifest the highest CAGR of 22.6% from 2023 to 2032, owing to the increasing globalization of businesses, rising frequency of business trips, and the need for comprehensive coverage against travel-related risks for employees on corporate travel.

The 18-30 years old segment to maintain its leadership status throughout the forecast period.

By age group, the 31-49 years old segment held the largest market share in 2022, accounting for more than one-third of the travel insurance market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to its active participation in travel activities, higher disposable income, and a growing awareness of the importance of travel insurance, especially for longer trips. However, the 18-30 years old segment is projected to manifest the highest CAGR of 23.0% from 2023 to 2032, owing to the increasing number of young travelers seeking adventurous and experiential travel experiences, leading to a higher demand for travel insurance among this demographic.

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Asia-Pacific region to maintain its dominance by 2032.

By region, the Europe segment held the largest market share in terms of revenue in 2022, accounting for nearly two-fifths of the travel insurance market revenue, owing to the region’s robust tourism industry, high awareness about travel risks, and the availability of a wide range of travel insurance products tailored to different traveler needs, which is boosting the growth of the market in this region. The Asia-Pacific region is expected to witness the fastest CAGR of 22.1% from 2023 to 2032, owing to the increasing awareness about travel insurance, rising disposable incomes, and a growing number of outbound travelers, particularly from countries like China and India, driving the demand for travel insurance policies in the region.

Leading Market Players: –

• American International Group, Inc.,
• Assicurazioni Generali S.P.A.
• Aviva
• AXA
• Zurich
• Just Travel Cover
• PassportCard
• Trailfinders Ltd.
• Staysure
• Insurefor.com

The report provides a detailed analysis of these key players of the travel insurance market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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Key Benefits for Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the travel insurance market analysis from 2022 to 2032 to identify the prevailing market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the travel insurance market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global travel insurance market trends, key players, market segments, application areas, and market growth strategies.

Travel Insurance Market Key Segments:

By Age Group

• Above 50
• 1–17 Years Old
• 18–30 Years Old
• 31–49 Years Old

By Insurance Cover

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

By Distribution Channel

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

By End User

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

By Region

• North America (U.S., Canada)
• Europe (UK, Germany, France, Norway, Netherlands, Spain, Italy, Switzerland, Finland, Belgium, Russia, Sweden, Austria, Rest of Europe)
• Asia-Pacific (China, Japan, Australia, Hong Kong, South Korea, Malaysia, Singapore, New Zealand, Rest of Asia-Pacific)
• LAMEA (Brazil, Argentina, Rest of Latin America, Middle East, Africa)

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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LONDON, May 10, 2024 /PRNewswire/ — ViewSonic Corp., a leading global provider of visual solutions, today announced that its ambitious targets for achieving net-zero greenhouse gas (GHG) emissions by 2050 have been validated by the Science Based Targets initiative (SBTi). This milestone underscores ViewSonic’s commitment to environmental sustainability and its proactive role in combating climate change.

Near-Term Target for Climate Action

ViewSonic has committed to significantly reducing its carbon footprint by targeting a 42% reduction in absolute Scope 1 and 2 GHG emissions by 2030, from a 2021 baseline. The company also aims to reduce Scope 3 GHG emissions from purchased goods and services and the use of sold products by 42% within the same timeframe. These targets align with the SBTi’s stringent criteria to keep global temperature increase to 1.5°C above pre-industrial levels, consistent with the most ambitious aim of the Paris Agreement.

Long-Term Vision for Net-Zero

In pursuit of broader environmental goals, ViewSonic aims to achieve net-zero GHG emissions across its entire value chain by 2050. This long-term commitment is part of ViewSonic’s strategy to integrate sustainability into all aspects of its operations and business ethos.

“Receiving SBTi validation for our GHG emissions reduction targets is a testament to our dedication to creating a more sustainable future,” said James Chu, CEO of ViewSonic. “As a technology leader, we believe it is our responsibility to lead by example in the transition to a low-carbon economy. These validated targets not only reflect our commitment but also set a clear and science-driven path for our climate action strategy.”

Innovative and Sustainable Solutions

The commitment to sustainability is further supported by ISO 14064 certification, affirming the rigorous approach to reducing greenhouse gas emissions. ViewSonic excels in creating energy-efficient products, highlighted by their EPEAT Silver-certified ViewBoard interactive displays and commercial displays, and ENERGY STAR Most Efficient 2024 recognized monitors. ViewSonic also leads in eco-friendly innovation with lamp-free LED and laser projectors, which contain no mercury and significantly reduce environmental impact. For more information on ViewSonic’s efforts and commitments, visit our ESG initiatives at ViewSonic’s ESG webpage. 

About ViewSonic

Founded in 1987 in California, ViewSonic is a leading global visual solutions provider with a presence in over 100 countries. The company leverages over 35 years of expertise in visual technology to deliver a comprehensive portfolio of hardware, software, content, and services. ViewSonic offers a wide range of products, with screen sizes spanning from 5 inches to a massive 760 inches. This includes interactive displays, large format displays, LED displays, pen displays, monitors, projectors, SaaS, AI services, interactive content, and more. This innovative ecosystem empowers education, workplaces, and individuals to foster creativity, collaboration, and seamless learning. ViewSonic focuses on designing products that deliver optimal performance and customer satisfaction while integrating sustainable production practices and upholding comprehensive environmental, social, and governance standards. The company’s goal is to enable customers to “See the Difference”. Learn more at www.viewsonic.com.

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