Travel Insurance Market
Travel Insurance Market by Age (Millennials, Generation X, and Baby Boomers), by Income Level (Low-income travelers, Middle-income travelers and High-Income Travelers), by Coverage (Medical Coverage, Trip Cancellation Coverage, Baggage and Personal Belongings Coverage, Accidental Death and Dismemberment (AD&D) Coverage), by Days of coverage (Short-Trip Insurance, Standard Trip Insurance, Extended Trip Insurance and Multi-Trip Insurance) by End User (Pilgrim Travelers, Education Travelers, Business Travelers and Family Travelers) by Distributional Channel (Insurance Companies, Banks, Airlines, Online Platforms, Insurance Aggregators & Comparison Websites, and Travel Agents & Tour Operators) – Global Opportunity Analysis and Industry Forecast, 2024–2030
Industry: BFSI | Publish Date: 08-Apr-2024 | No of Pages: 409 | No. of Tables: 303 | No. of Figures: 270 | Format: PDF | Report Code : N/A
- Report Description
- Table Of Content
- Research Methodology
- Download PDF
Market Overview
The Travel Insurance Market size was valued at USD 21.85 billion in 2023 and is predicted to reach USD 58.40 billion by 2030, with a CAGR of 14.0% from 2024 to 2030.
Travel insurance is a specialized insurance designed to offer protection and coverage to travelers against a wide range of potential risks and unforeseen circumstances that can occur before or during their journeys. It serves as a crucial tool in mitigating the financial impact of various travel-related emergencies, disruptions, and inconveniences, providing travelers with peace of mind and security throughout their trips. One of the primary advantages of travel insurance is its ability to provide financial reimbursement and assistance in the event of trip cancellations or interruptions. This coverage extends to unforeseen circumstances such as illness, injury, or emergencies, allowing travelers to recoup non-refundable expenses incurred for flights, accommodations, and other pre-paid arrangements.
The versatility of travel insurance extends beyond individual travelers to encompass families, corporate travelers, and group tours, catering to diverse needs and preferences within the travel industry. It offers a range of policy options, including single-trip, multi-trip, and annual policies, as well as specialized coverage for specific types of travel, such as adventure sports, cruises, or business trips. Its comprehensive coverage and range of benefits make it an essential investment for travelers seeking to safeguard their trips and ensure a smooth and hassle-free travel experience.
Rising Number of Outbound Travelers Boost the Market Growth
The rising number of global travels is a significant factor driving the growth of the travel insurance market. With more individuals undertaking domestic and international trips for various purposes such as leisure, business, and exploration, there is a growing awareness of the importance of protecting these journeys against unforeseen events.
Travelers recognize the need to safeguard themselves against potential risks such as trip cancellations, medical emergencies, or lost luggage, leading to an increased demand for travel insurance. Statistics from sources such as the National Travel and Tourism Office (NTTO) and International Trade Administration (ITA) indicate a substantial rise in international air passenger travel.
For example, data shows that in March 2023, international air passenger travel reached 19.687 million, representing a significant increase of 41.7% compared to March 2022. This surge in travel activity creates a larger customer base for travel insurance providers, thereby fostering market expansion and growth opportunities.
Moreover, the growing accessibility and affordability of travel contribute to the escalating demand for travel insurance. The emergence of budget airlines and accommodation options has made travel more attainable for a broader demographic, encouraging more individuals to embark on trips.
For instance, Turkish airline 'Ajet' plans to launch budget flights across Europe, including a direct service from London to Istanbul, in March 2024. The company aims to expand its fleet to 200 aircraft and operate flights to 41 domestic and 52 international destinations within the next decade. This accessibility and affordability of travel options contribute to the increasing adoption of travel insurance among travelers.
The Growing Number of Online Platforms for Travel Insurance Drives the Industry
The expansion of online platforms has significantly impacted the growth of the travel insurance industry. With the widespread use of the internet, consumers have easy access to a variety of online channels for purchasing travel insurance. Online platforms offer convenience, flexibility, and transparency which allows travelers to compare different insurance options, review policy details, and make informed decisions.
Moreover, the rise of mobile applications dedicated to travel insurance has further democratized access to coverage. With the prevalence of smartphones and tablets, travelers have the ability to seamlessly purchase insurance directly from their handheld devices, circumventing the need for lengthy paperwork or in-person consultations.
This mobile accessibility transforms the insurance procurement process into a swift, efficient, and user-friendly endeavor, thereby enticing new customers and catalyzing the widespread adoption of insurance products. The advent of online insurance platforms such as Squaremouth, TravelInsurance.com, and InsureMyTrip has revolutionized the way travelers’ access and purchase insurance.
These platforms serve as centralized hubs where individuals can easily navigate through a diverse array of insurance plans, compare coverage benefits and prices, and ultimately select the policy that best aligns with their travel requirements. By streamlining the insurance shopping experience, these platforms not only enhance customer convenience but also foster greater market penetration and engagement.
Regulatory Challenges Hinder the Market Growth
Regulatory challenges in the travel insurance market include diverse and complex regulations imposed by governmental authorities across county. Insurance providers operating internationally face significant administrative burdens and costs in ensuring compliance with these regulations, which cover aspects such as licensing, consumer protection, sales practices, and policy terms. Meeting regulatory requirements involve establishing local entities, obtaining licenses, appointing legal representatives, and adapting products and marketing strategies to align with local laws.
Integration of Blockchain Technology Creates Ample Opportunity for the Market Growth
Blockchain technology offers a significant opportunity for enhancing transparency and security within the travel insurance industry. By leveraging decentralized digital ledgers, insurers can establish immutable records of transactions, policies, and claims, minimizing the risk of fraud and ensuring data integrity.
Smart contracts, which automate contract execution based on predefined conditions, streamline processes such as policy issuance and claims processing, reducing administrative overhead and enhancing efficiency. The transparency provided by blockchain technology empowers insurance providers to securely access and authenticate transactional data. This transparency builds a sense of trust between insurers and policyholders.
North American Region Dominates the Travel Insurance Market
The North American region holds the 41.7% share of the global travel insurance market due to rising number of people travelling from the U.S. to other international countries for career opportunities positively impacts the growth of the travel insurance industry.
According to a data published by The U.S. Department of Commerce, the U.S. positions itself at the forefront in North America in terms of outbound travelers, with approximately 80.7 million travelers recorded in 2022. Moreover, the proactive initiatives implemented by leading industry participants in the North America travel insurance market underscore a vibrant and evolving marketplace, characterized by innovation and adaptation to meet the diverse needs of travelers worldwide.
As an example, in January 2024, the partnership between AXA travel insurance and Kiwi.com offers comprehensive coverage for travelers, including medical expenses, assistance, lost baggage, liability, flight delays, and cancellations to have a secured journey through their trip in the region. It offers different insurance plans including Silver, Gold, and Platinum, each with varying levels of coverage to suit different travel needs.
Furthermore, the increasing trend of Mexican nationals venturing abroad for educational and academic pursuits boost the market growth. This demographic's rising demand for travel insurance contributes significantly to the expansion of the sector in region.
Furthermore, strategic partnerships within the industry contribute to the growth trajectory. In May 2023, Volaris, a budget-friendly Mexican airline service provider, partnered with Cover Genius to offer customers comprehensive travel protection options.
This collaboration allows Volaris customers to access a range of travel insurance coverage, including medical insurance, baggage protection, and flight cancellation insurance, at the time of booking flights. Such initiatives enhance the accessibility and awareness of travel insurance among Mexican travelers, promoting a financially secured journey during their travels.
Asia-Pacific is expected to show steady growth in the Travel Insurance market with a CAGR of 24.3%
Asia-Pacific is expected to witness an increased demand for the travel insurance market, due to substantial increase in demand among Indian travelers, particularly the elderly segment, seeking medical care and treatments abroad.
In response to this, in March 2024, the TATA AIG General Insurance Company's unveiled its new Travel Guard Plus that represents a significant development in the region. The product's comprehensive coverage, which includes both travel medical and non-medical contingencies, addresses a range of potential risks faced by travelers.
The inclusion of coverage for injuries, illnesses, disablement, and accidental death while overseas addresses the crucial aspect of medical emergencies that travelers may encounter during their trips. This aspect is particularly important given the uncertainties associated with health and medical facilities in foreign countries.
Moreover, the travel insurance market in the region is experiencing significant growth due to rising awareness regarding travel insurance among the population. A report by the major insurance firm MSIG Singapore, published in 2022, revealed that more than 80% of Singaporeans seek to purchase travel insurance for foreign travels, highlighting the growing awareness among Singaporean travelers regarding the importance of securing financial protection and security while abroad.
Furthermore, the presence of major regional and global players in the region, including Income, Seedly, and MSIG Singapore, among others, has significantly contributed to driving market growth. These established players continually engage in innovations and developments within the country, introducing new products and features to meet the evolving needs and preferences of consumers.
For instance, in November 2023, Seedly launched a new travel insurance product specifically designed to cater to a wide range of customers in Singapore, including families and adventure enthusiasts. Notably, this innovative product includes a child companion benefit, covering the expenses for an adult to travel from Singapore to accompany a child back home in the event of the insured parent being hospitalized overseas.
Additionally, customers are automatically covered for adventurous sports activities such as mountaineering, hiking, or scuba diving, without the need for any extra fees or add-ons. As major players in the market continue to innovate and refine their offerings, the travel insurance industry in the region is poised for further expansion and development, catering to the diverse needs of travelers in the region.
Competitive Landscape
Several market players operating in the global travel insurance market include Allianz Group, AXA SA, Zurich Insurance Group Limited, American International Group, Inc., Chubb Limited, Aviva PLC, Nationwide, Berkshire Hathaway Speciality Insurance, Travel Insured International, Generali Group and Others. These market players are adopting strategies, such as product launches and partnership to maintain their dominance global in the market.
For instance, in March 2024, Zurich Insurance partnered with Klook, a travel and e-commerce company, to introduce a service called FlyEasy, aiming to ease the inconvenience of flight delays for travelers by providing free access to airport lounges globally when flights are delayed for over two hours.
Also in January 2024, Aviva launched a comprehensive wellness package to enhance its group accident and travel insurance offerings, providing added value to customers. This includes mental health help, discounts on health products, support for cancer patients, and counselling. It's the first of its kind and aims to help employees with their mental health and overall wellness.
In addition, in April 2023, Generali Group launched Generali Malaysia following the acquisition of a controlling majority in AXA Affin joint ventures in Malaysia and the complete purchase of MPI Generali Insurans. The integration under a single brand, Generali Malaysia, aims to enhance customer experience and provide comprehensive protection solutions across various insurance sectors such as travel, health, and motor.
Moreover, in January 2024, Allianz Partners launched the Allyz mobile app, offering digital insurance, assistance, and travel-related services, offering customers a comprehensive suite of digital solutions for their insurance needs.
Furthermore, in October 2023, Travel Insured International partnered with Robin Assist to enhance customer claims and emergency travel assistance services. This collaboration aims to provide travelers with streamlined claims processing and comprehensive emergency assistance, ensuring a seamless and worry-free travel experience.
Key Market Segments
By age .
Millennials
Generation X
Baby Boomers
By Income Level
Low-income travelers
Middle-income travelers
High-income travelers
By Coverage
Medical Coverage
Trip Cancellation Coverage
Baggage and Personal Belongings Coverage
Accidental Death and Dismemberment (AD&D) Coverage
By Days of Coverage
Short-Trip Insurance
Standard Trip Insurance
Extended Trip Insurance
Multi-Trip Insurance
By End User
Pilgrim Travelers
Education Travelers
Business Travelers
Family Travelers
By Distributional Channel
Insurance Companies
Online Platforms
Insurance Aggregators and Comparison Websites
Travel Agents and Tour Operators
By Region
North America
France
Netherlands
Rest of Europe
Asia-Pacific
South Korea
GBA (excluding Hongkong)
Rest of Asia-Pacific
Latin America
Middle East
REPORT SCOPE AND SEGMENTATION:
KEY PLAYERS
Allianz Group
Zurich Insurance Group Limited
American International Group, Inc.
Chubb Limited
Berkshire Hathaway Speciality Insurance
Travel Insured International
Generali Group
1. INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. WHO SHOULD READ THIS REPORT
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1 MARKET SIZE ESTIMATION METHODOLOGY
1.4.1.1. TOP-DOWN AND BOTTOM-UP APPROACH
1.4.1.2. DEMAND AND SUPPLY SIDE ANALYSIS
1.4.1.3. MACRO-INDICATOR APPROACH
1.4.2 DATA COLLECTION APPROACH
1.4.2.1. PRIMARY DATA COLLECTION
1.4.2.2. SECONDARY DATA COLLECTION
1.4.2.2.1. SECONDARY DATA SOURCES
1.4.3 FORECASTING
2. MARKET DEFINITION & SCOPE
2.1. DEFINITION
2.2. SCOPE
3. IMPACT OF WAR ON THE GLOBAL TRAVEL INSURANCE MARKET
4. TRAVEL INSURANCE MARKET – EXECUTIVE SUMMARY
4.1. MARKET SNAPSHOT, 2023 - 2030, MILLION USD
5. MARKET OVERVIEW
5.1. MARKET DYNAMICS
5.1.1 DRIVERS
5.1.1.1. THE RISING NUMBER OF GLOBAL TRAVELS INCREASES THE DEMAND FOR TRAVEL INSURANCE
5.1.1.2. THE GROWING NUMBER OF ONLINE PLATFORMS FOR TRAVEL INSURANCE DRIVES THE INDUSTRY
5.1.1.3. INCREASING DISPOSABLE INCOME AMONG THE CONSUMERS DRIVES THE GROWTH OF THE MARKET
5.1.2 RESTRAINT
5.1.2.1. STRICT REGULATORY COMPLEXITIES FOR INSURANCE PROVIDERS IS HINDERING MARKET GROWTH
5.1.3 OPPORTUNITY
5.1.3.1. INTEGRATION OF BLOCKCHAIN TECHNOLOGY CREATES AMPLE OPPORTUNITY FOR THE MARKET GROWTH
6. MARKET SHARE ANALYSIS
6.1. MARKET SHARE ANALYSIS OF TOP TRAVEL INSURANCE MARKET, 2023
7. GLOBAL TRAVEL INSURANCE MARKET, BY AGE
7.1. OVERVIEW
7.2. MILLENNIALS
7.2.1 MILLENNIALS MARKET, BY REGION
7.3. GENERATION X
7.3.1 GENERATION X MARKET, BY REGION
7.4. BABY BOOMERS
7.4.1 BABY BOOMERS MARKET, BY REGION
8. GLOBAL TRAVEL INSURANCE MARKET, BY INCOME LEVEL
8.1. OVERVIEW
8.2. LOW-INCOME TRAVELERS
8.2.1 LOW-INCOME TRAVELERS MARKET, BY REGION
8.3. MIDDLE-INCOME TRAVELERS
8.3.1 MIDDLE-INCOME TRAVELERS MARKET, BY REGION
8.4. HIGH-INCOME TRAVELERS
8.4.1 HIGH-INCOME TRAVELERS MARKET, BY REGION
9. GLOBAL TRAVEL INSURANCE MARKET, BY COVERAGE
9.1. OVERVIEW
9.2. MEDICAL COVERAGE
9.2.1 MEDICAL COVERAGE MARKET, BY REGION
9.3. TRIP CANCELLATION COVERAGE
9.3.1 TRIP CANCELLATION COVERAGE MARKET, BY REGION
9.4. BAGGAGE AND PERSONAL BELONGINGS COVERAGE
9.4.1 BAGGAGE AND PERSONAL BELONGINGS COVERAGE MARKET, BY REGION
9.5. ACCIDENTAL DEATH AND DISMEMBERMENT (AD&D) COVERAGE
9.5.1 ACCIDENTAL DEATH AND DISMEMBERMENT (AD&D) COVERAGE MARKET, BY REGION
10. GLOBAL TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
10.1. OVERVIEW
10.2. INSURANCE COMPANIES
10.2.1 INSURANCE COMPANIES MARKET, BY REGION
10.3. BANKS
10.3.1 BANKS MARKET, BY REGION
10.4. AIRLINES
10.4.1 AIRLINES MARKET, BY REGION
10.5. ONLINE PLATFORMS
10.5.1 ONLINE PLATFORMS MARKET, BY REGION
10.6. INSURANCE AGGREGATORS AND COMPARISON WEBSITES
10.6.1 INSURANCE AGGREGATORS AND COMPARISON WEBSITES MARKET, BY REGION
10.7. TRAVEL AGENTS AND TOUR OPERATORS
10.7.1 TRAVEL AGENTS AND TOUR OPERATORS MARKET, BY REGION
11. GLOBAL TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
11.1. OVERVIEW
11.2. SHORT-TRIP INSURANCE
11.2.1 SHORT-TRIP INSURANCE MARKET, BY REGION
11.3. STANDARD TRIP INSURANCE
11.3.1 STANDARD TRIP INSURANCE MARKET, BY REGION
11.4. EXTENDED TRIP INSURANCE
11.4.1 EXTENDED TRIP INSURANCE MARKET, BY REGION
11.5. MULTI-TRIP INSURANCE
11.5.1 MULTI-TRIP INSURANCE MARKET, BY REGION
12. GLOBAL TRAVEL INSURANCE MARKET, BY END USER
12.1. OVERVIEW
12.2. PILGRIM TRAVELLERS
12.2.1 PILGRIM TRAVELLERS MARKET, BY REGION
12.3. EDUCATION TRAVELERS
12.3.1 EDUCATION TRAVELERS MARKET, BY REGION
12.4. BUSINESS TRAVELERS
12.4.1 BUSINESS TRAVELERS MARKET, BY REGION
12.5. FAMILY TRAVELERS
12.5.1 FAMILY TRAVELERS MARKET, BY REGION
13. GLOBAL TRAVEL INSURANCE MARKET, BY REGION
13.1. OVERVIEW
13.2. NORTH AMERICA
13.2.1 NORTH AMERICA TRAVEL INSURANCE MARKET, BY AGE
13.2.2 NORTH AMERICA TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.2.3 NORTH AMERICA TRAVEL INSURANCE MARKET, BY COVERAGE
13.2.4 NORTH AMERICA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.2.5 NORTH AMERICA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.2.6 NORTH AMERICA TRAVEL INSURANCE MARKET, BY END USER
13.2.7 NORTH AMERICA TRAVEL INSURANCE MARKET, BY COUNTRY
13.2.7.1. U.S.
13.2.7.1.1. U.S. TRAVEL INSURANCE MARKET, BY AGE
13.2.7.1.2. U.S. TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.2.7.1.3. U.S. TRAVEL INSURANCE MARKET, BY COVERAGE
13.2.7.1.4. U.S. TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.2.7.1.5. U.S. TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.2.7.1.6. U.S. TRAVEL INSURANCE MARKET, BY END USER
13.2.7.2. CANADA
13.2.7.2.1. CANADA TRAVEL INSURANCE MARKET, BY AGE
13.2.7.2.2. CANADA TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.2.7.2.3. CANADA TRAVEL INSURANCE MARKET, BY COVERAGE
13.2.7.2.4. CANADA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.2.7.2.5. CANADA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.2.7.2.6. CANADA TRAVEL INSURANCE MARKET, BY END USER
13.2.7.3. MEXICO
13.2.7.3.1. MEXICO TRAVEL INSURANCE MARKET, BY AGE
13.2.7.3.2. MEXICO TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.2.7.3.3. MEXICO TRAVEL INSURANCE MARKET, BY COVERAGE
13.2.7.3.4. MEXICO TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.2.7.3.5. MEXICO TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.2.7.3.6. MEXICO TRAVEL INSURANCE MARKET, BY END USER
13.3. EUROPE
13.3.1 EUROPE TRAVEL INSURANCE MARKET, BY AGE
13.3.2 EUROPE TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.3.3 EUROPE TRAVEL INSURANCE MARKET, BY COVERAGE
13.3.4 EUROPE TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.3.5 EUROPE TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.3.6 EUROPE TRAVEL INSURANCE MARKET, BY END USER
13.3.7 EUROPE TRAVEL INSURANCE MARKET, BY COUNTRY
13.3.7.1. UK
13.3.7.1.1. UK TRAVEL INSURANCE MARKET, BY AGE
13.3.7.1.2. UK TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.3.7.1.3. UK TRAVEL INSURANCE MARKET, BY COVERAGE
13.3.7.1.4. UK TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.3.7.1.5. UK TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.3.7.1.6. UK TRAVEL INSURANCE MARKET, BY END USER
13.3.7.2. GERMANY
13.3.7.2.1. GERMANY TRAVEL INSURANCE MARKET, BY AGE
13.3.7.2.2. GERMANY TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.3.7.2.3. GERMANY TRAVEL INSURANCE MARKET, BY COVERAGE
13.3.7.2.4. GERMANY TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.3.7.2.5. GERMANY TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.3.7.2.6. GERMANY TRAVEL INSURANCE MARKET, BY END USER
13.3.7.3. FRANCE
13.3.7.3.1. FRANCE TRAVEL INSURANCE MARKET, BY AGE
13.3.7.3.2. FRANCE TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.3.7.3.3. FRANCE TRAVEL INSURANCE MARKET, BY COVERAGE
13.3.7.3.4. FRANCE TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.3.7.3.5. FRANCE TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.3.7.3.6. FRANCE TRAVEL INSURANCE MARKET, BY END USER
13.3.7.4. ITALY
13.3.7.4.1. ITALY TRAVEL INSURANCE MARKET, BY AGE
13.3.7.4.2. ITALY TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.3.7.4.3. ITALY TRAVEL INSURANCE MARKET, BY COVERAGE
13.3.7.4.4. ITALY TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.3.7.4.5. ITALY TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.3.7.4.6. ITALY TRAVEL INSURANCE MARKET, BY END USER
13.3.7.5. SPAIN
13.3.7.5.1. SPAIN TRAVEL INSURANCE MARKET, BY AGE
13.3.7.5.2. SPAIN TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.3.7.5.3. SPAIN TRAVEL INSURANCE MARKET, BY COVERAGE
13.3.7.5.4. SPAIN TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.3.7.5.5. SPAIN TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.3.7.5.6. SPAIN TRAVEL INSURANCE MARKET, BY END USER
13.3.7.6. DENMARK
13.3.7.6.1. DENMARK TRAVEL INSURANCE MARKET, BY AGE
13.3.7.6.2. DENMARK TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.3.7.6.3. DENMARK TRAVEL INSURANCE MARKET, BY COVERAGE
13.3.7.6.4. DENMARK TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.3.7.6.5. DENMARK TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.3.7.6.6. DENMARK TRAVEL INSURANCE MARKET, BY END USER
13.3.7.7. NETHERLANDS
13.3.7.7.1. NETHERLANDS TRAVEL INSURANCE MARKET, BY AGE
13.3.7.7.2. NETHERLANDS TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.3.7.7.3. NETHERLANDS TRAVEL INSURANCE MARKET, BY COVERAGE
13.3.7.7.4. NETHERLANDS TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.3.7.7.5. NETHERLANDS TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.3.7.7.6. NETHERLANDS TRAVEL INSURANCE MARKET, BY END USER
13.3.7.8. FINLAND
13.3.7.8.1. FINLAND TRAVEL INSURANCE MARKET, BY AGE
13.3.7.8.2. FINLAND TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.3.7.8.3. FINLAND TRAVEL INSURANCE MARKET, BY COVERAGE
13.3.7.8.4. FINLAND TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.3.7.8.5. FINLAND TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.3.7.8.6. FINLAND TRAVEL INSURANCE MARKET, BY END USER
13.3.7.9. SWEDEN
13.3.7.9.1. SWEDEN TRAVEL INSURANCE MARKET, BY AGE
13.3.7.9.2. SWEDEN TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.3.7.9.3. SWEDEN TRAVEL INSURANCE MARKET, BY COVERAGE
13.3.7.9.4. SWEDEN TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.3.7.9.5. SWEDEN TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.3.7.9.6. SWEDEN TRAVEL INSURANCE MARKET, BY END USER
13.3.7.10. NORWAY
13.3.7.10.1. NORWAY TRAVEL INSURANCE MARKET, BY AGE
13.3.7.10.2. NORWAY TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.3.7.10.3. NORWAY TRAVEL INSURANCE MARKET, BY COVERAGE
13.3.7.10.4. NORWAY TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.3.7.10.5. NORWAY TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.3.7.10.6. NORWAY TRAVEL INSURANCE MARKET, BY END USER
13.3.7.11. RUSSIA
13.3.7.11.1. RUSSIA TRAVEL INSURANCE MARKET, BY AGE
13.3.7.11.2. RUSSIA TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.3.7.11.3. RUSSIA TRAVEL INSURANCE MARKET, BY COVERAGE
13.3.7.11.4. RUSSIA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.3.7.11.5. RUSSIA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.3.7.11.6. RUSSIA TRAVEL INSURANCE MARKET, BY END USER
13.3.7.12. REST OF EUROPE
13.3.7.12.1. REST OF EUROPE TRAVEL INSURANCE MARKET, BY AGE
13.3.7.12.2. REST OF EUROPE TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.3.7.12.3. REST OF EUROPE TRAVEL INSURANCE MARKET, BY COVERAGE
13.3.7.12.4. REST OF EUROPE TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.3.7.12.5. REST OF EUROPE TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.3.7.12.6. REST OF EUROPE TRAVEL INSURANCE MARKET, BY END USER
13.4. ASIA-PACIFIC
13.4.1 ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY AGE
13.4.2 ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.4.3 ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY COVERAGE
13.4.4 ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.4.5 ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.4.6 ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY END USER
13.4.7 ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY COUNTRY
13.4.7.1. CHINA
13.4.7.1.1. CHINA TRAVEL INSURANCE MARKET, BY AGE
13.4.7.1.2. CHINA TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.4.7.1.3. CHINA TRAVEL INSURANCE MARKET, BY COVERAGE
13.4.7.1.4. CHINA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.4.7.1.5. CHINA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.4.7.1.6. CHINA TRAVEL INSURANCE MARKET, BY END USER
13.4.7.2. JAPAN
13.4.7.2.1. JAPAN TRAVEL INSURANCE MARKET, BY AGE
13.4.7.2.2. JAPAN TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.4.7.2.3. JAPAN TRAVEL INSURANCE MARKET, BY COVERAGE
13.4.7.2.4. JAPAN TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.4.7.2.5. JAPAN TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.4.7.2.6. JAPAN TRAVEL INSURANCE MARKET, BY END USER
13.4.7.3. INDIA
13.4.7.3.1. INDIA TRAVEL INSURANCE MARKET, BY AGE
13.4.7.3.2. INDIA TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.4.7.3.3. INDIA TRAVEL INSURANCE MARKET, BY COVERAGE
13.4.7.3.4. INDIA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.4.7.3.5. INDIA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.4.7.3.6. INDIA TRAVEL INSURANCE MARKET, BY END USER
13.4.7.4. SOUTH KOREA
13.4.7.4.1. SOUTH KOREA TRAVEL INSURANCE MARKET, BY AGE
13.4.7.4.2. SOUTH KOREA TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.4.7.4.3. SOUTH KOREA TRAVEL INSURANCE MARKET, BY COVERAGE
13.4.7.4.4. SOUTH KOREA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.4.7.4.5. SOUTH KOREA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.4.7.4.6. SOUTH KOREA TRAVEL INSURANCE MARKET, BY END USER
13.4.7.5. AUSTRALIA
13.4.7.5.1. AUSTRALIA TRAVEL INSURANCE MARKET, BY AGE
13.4.7.5.2. AUSTRALIA TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.4.7.5.3. AUSTRALIA TRAVEL INSURANCE MARKET, BY COVERAGE
13.4.7.5.4. AUSTRALIA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.4.7.5.5. AUSTRALIA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.4.7.5.6. AUSTRALIA TRAVEL INSURANCE MARKET, BY END USER
13.4.7.6. INDONESIA
13.4.7.6.1. INDONESIA TRAVEL INSURANCE MARKET, BY AGE
13.4.7.6.2. INDONESIA TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.4.7.6.3. INDONESIA TRAVEL INSURANCE MARKET, BY COVERAGE
13.4.7.6.4. INDONESIA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.4.7.6.5. INDONESIA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.4.7.6.6. INDONESIA TRAVEL INSURANCE MARKET, BY END USER
13.4.7.7. SINGAPORE
13.4.7.7.1. SINGAPORE TRAVEL INSURANCE MARKET, BY AGE
13.4.7.7.2. SINGAPORE TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.4.7.7.3. SINGAPORE TRAVEL INSURANCE MARKET, BY COVERAGE
13.4.7.7.4. SINGAPORE TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.4.7.7.5. SINGAPORE TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.4.7.7.6. SINGAPORE TRAVEL INSURANCE MARKET, BY END USER
13.4.7.8. TAIWAN
13.4.7.8.1. TAIWAN TRAVEL INSURANCE MARKET, BY AGE
13.4.7.8.2. TAIWAN TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.4.7.8.3. TAIWAN TRAVEL INSURANCE MARKET, BY COVERAGE
13.4.7.8.4. TAIWAN TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.4.7.8.5. TAIWAN TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.4.7.8.6. TAIWAN TRAVEL INSURANCE MARKET, BY END USER
13.4.7.9. THAILAND
13.4.7.9.1. THAILAND TRAVEL INSURANCE MARKET, BY AGE
13.4.7.9.2. THAILAND TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.4.7.9.3. THAILAND TRAVEL INSURANCE MARKET, BY COVERAGE
13.4.7.9.4. THAILAND TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.4.7.9.5. THAILAND TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.4.7.9.6. THAILAND TRAVEL INSURANCE MARKET, BY END USER
13.4.7.10. HONG KONG
13.4.7.10.1. HONG KONG TRAVEL INSURANCE MARKET, BY AGE
13.4.7.10.2. HONG KONG TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.4.7.10.3. HONG KONG TRAVEL INSURANCE MARKET, BY COVERAGE
13.4.7.10.4. HONG KONG TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.4.7.10.5. HONG KONG TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.4.7.10.6. HONG KONG TRAVEL INSURANCE MARKET, BY END USER
13.4.7.11. GBA (EXCLUDING HONGKONG)
13.4.7.11.1. GBA (EXCLUDING HONGKONG) TRAVEL INSURANCE MARKET, BY AGE
13.4.7.11.2. GBA (EXCLUDING HONGKONG) TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.4.7.11.3. GBA (EXCLUDING HONGKONG) TRAVEL INSURANCE MARKET, BY COVERAGE
13.4.7.11.4. GBA (EXCLUDING HONGKONG) TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.4.7.11.5. GBA (EXCLUDING HONGKONG) TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.4.7.11.6. GBA (EXCLUDING HONGKONG) TRAVEL INSURANCE MARKET, BY END USER
13.4.7.12. REST OF ASIA-PACIFIC
13.4.7.12.1. REST OF ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY AGE
13.4.7.12.2. REST OF ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.4.7.12.3. REST OF ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY COVERAGE
13.4.7.12.4. REST OF ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.4.7.12.5. REST OF ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.4.7.12.6. REST OF ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY END USER
13.5. REST OF WORLD
13.5.1 REST OF WORLD TRAVEL INSURANCE MARKET, BY AGE
13.5.2 REST OF WORLD TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.5.3 REST OF WORLD TRAVEL INSURANCE MARKET, BY COVERAGE
13.5.4 REST OF WORLD TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.5.5 REST OF WORLD TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.5.6 REST OF WORLD TRAVEL INSURANCE MARKET, BY END USER
13.5.7 REST OF WORLD TRAVEL INSURANCE MARKET, BY COUNTRY
13.5.7.1. LATIN AMERICA
13.5.7.1.1. LATIN AMERICA TRAVEL INSURANCE MARKET, BY AGE
13.5.7.1.2. LATIN AMERICA TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.5.7.1.3. LATIN AMERICA TRAVEL INSURANCE MARKET, BY COVERAGE
13.5.7.1.4. LATIN AMERICA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.5.7.1.5. LATIN AMERICA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.5.7.1.6. LATIN AMERICA TRAVEL INSURANCE MARKET, BY END USER
13.5.7.2. MIDDLE EAST
13.5.7.2.1. MIDDLE EAST TRAVEL INSURANCE MARKET, BY AGE
13.5.7.2.2. MIDDLE EAST TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.5.7.2.3. MIDDLE EAST TRAVEL INSURANCE MARKET, BY COVERAGE
13.5.7.2.4. MIDDLE EAST TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.5.7.2.5. MIDDLE EAST TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.5.7.2.6. MIDDLE EAST TRAVEL INSURANCE MARKET, BY END USER
13.5.7.3. AFRICA
13.5.7.3.1. AFRICA TRAVEL INSURANCE MARKET, BY AGE
13.5.7.3.2. AFRICA TRAVEL INSURANCE MARKET, BY INCOME LEVEL
13.5.7.3.3. AFRICA TRAVEL INSURANCE MARKET, BY COVERAGE
13.5.7.3.4. AFRICA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
13.5.7.3.5. AFRICA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE
13.5.7.3.6. AFRICA TRAVEL INSURANCE MARKET, BY END USER
14. COMPANY PROFILES
14.1. ZURICH INSURANCE GROUP LTD
14.1.1 COMPANY OVERVIEW
14.1.2 COMPANY SNAPSHOT
14.1.3 OPERATING BUSINESS SEGMENTS
14.1.4 PRODUCT PORTFOLIO
14.1.5 BUSINESS PERFORMANCE
14.1.6 SALES BY BUSINESS SEGMENT
14.1.7 SALES BY GEOGRAPHIC SEGMENT
14.1.8 KEY STRATEGIC MOVES & DEVELOPMENTS
14.1.9 PRIMARY MARKET COMPETITORS
14.2. BERKSHIRE HATHAWAY SPECIALTY INSURANCE
14.2.1 COMPANY OVERVIEW
14.2.2 COMPANY SNAPSHOT
14.2.3 OPERATING BUSINESS SEGMENTS
14.2.4 PRODUCT PORTFOLIO
14.2.5 BUSINESS PERFORMANCE
14.2.6 SALES BY BUSINESS SEGMENT
14.2.7 KEY STRATEGIC MOVES & DEVELOPMENTS
14.2.8 PRIMARY MARKET COMPETITORS
14.3. CHUBB LIMITED
14.3.1 COMPANY OVERVIEW
14.3.2 COMPANY SNAPSHOT
14.3.3 OPERATING BUSINESS SEGMENTS
14.3.4 PRODUCT PORTFOLIO
14.3.5 BUSINESS PERFORMANCE
14.3.6 SALES BY BUSINESS SEGMENT
14.3.7 KEY STRATEGIC MOVES & DEVELOPMENTS
14.3.8 PRIMARY MARKET COMPETITORS
14.4. AVIVA PLC
14.4.1 COMPANY OVERVIEW
14.4.2 COMPANY SNAPSHOT
14.4.3 PRODUCT PORTFOLIO
14.4.4 BUSINESS PERFORMANCE
14.4.5 KEY STRATEGIC MOVES & DEVELOPMENTS
14.4.6 PRIMARY MARKET COMPETITORS
14.5. GENERALI GROUP
14.5.1 COMPANY OVERVIEW
14.5.2 COMPANY SNAPSHOT
14.5.3 OPERATING BUSINESS SEGMENTS
14.5.4 PRODUCT PORTFOLIO
14.5.5 BUSINESS PERFORMANCE
14.5.6 SALES BY BUSINESS SEGMENT
14.5.7 KEY STRATEGIC MOVES & DEVELOPMENTS
14.5.8 PRIMARY MARKET COMPETITORS
14.6. AIA GROUP LTD
14.6.1 COMPANY OVERVIEW
14.6.2 COMPANY SNAPSHOT
14.6.3 PRODUCT PORTFOLIO
14.6.4 BUSINESS PERFORMANCE
14.6.5 SALES BY BUSINESS SEGMENT
14.6.6 KEY STRATEGIC MOVES & DEVELOPMENTS
14.6.7 PRIMARY MARKET COMPETITORS
14.7. ALLIANZ GROUP
14.7.1 COMPANY OVERVIEW
14.7.2 COMPANY SNAPSHOT
14.7.3 OPERATING BUSINESS SEGMENTS
14.7.4 PRODUCT PORTFOLIO
14.7.5 BUSINESS PERFORMANCE
14.7.6 SALES BY BUSINESS SEGMENT
14.7.7 KEY STRATEGIC MOVES & DEVELOPMENTS
14.7.8 PRIMARY MARKET COMPETITORS
14.8. AMERICAN INTERNATIONAL GROUP, INC.
14.8.1 COMPANY OVERVIEW
14.8.2 COMPANY SNAPSHOT
14.8.3 PRODUCT PORTFOLIO
14.8.4 BUSINESS PERFORMANCE
14.8.5 SALES BY GEOGRAPHIC SEGMENT
14.8.6 KEY STRATEGIC MOVES & DEVELOPMENTS
14.8.7 PRIMARY MARKET COMPETITORS
14.9. AXA S.A.
14.9.1 COMPANY OVERVIEW
14.9.2 COMPANY SNAPSHOT
14.9.3 OPERATING BUSINESS SEGMENTS
14.9.4 PRODUCT PORTFOLIO
14.9.5 BUSINESS PERFORMANCE
14.9.6 SALES BY BUSINESS SEGMENT
14.9.7 SALES BY GEOGRAPHIC SEGMENT
14.9.8 KEY STRATEGIC MOVES & DEVELOPMENTS
14.9.9 PRIMARY MARKET COMPETITORS
14.10. TRAVEL INSURED INTERNATIONAL
14.10.1 COMPANY OVERVIEW
14.10.2 COMPANY SNAPSHOT
14.10.3 PRODUCT PORTFOLIO
14.10.4 KEY STRATEGIC MOVES & DEVELOPMENTS
14.10.5 PRIMARY MARKET COMPETITORS
14.11. NATIONWIDE
14.11.1 COMPANY OVERVIEW
14.11.2 COMPANY SNAPSHOT
14.11.3 PRODUCT PORTFOLIO
14.11.4 BUSINESS PERFORMANCE
14.11.5 KEY STRATEGIC MOVES & DEVELOPMENTS
14.11.6 PRIMARY MARKET COMPETITORS
14.12. PRUDENTIAL PLC
14.12.1 COMPANY OVERVIEW
14.12.2 COMPANY SNAPSHOT
14.12.3 PRODUCT PORTFOLIO
14.12.4 BUSINESS PERFORMANCE
14.12.5 SALES BY GEOGRAPHIC SEGMENT
14.12.6 KEY STRATEGIC MOVES & DEVELOPMENTS
14.12.7 PRIMARY MARKET COMPETITORS
14.13. MANUFACTURERS LIFE INSURANCE COMPANY (MANULIFE)
14.13.1 COMPANY OVERVIEW
14.13.2 COMPANY SNAPSHOT
14.13.3 PRODUCT PORTFOLIO
14.13.4 BUSINESS PERFORMANCE
14.13.5 KEY STRATEGIC MOVES & DEVELOPMENTS
14.13.6 PRIMARY MARKET COMPETITORS
14.14. HSBC HOLDINGS PLC
14.14.1 COMPANY OVERVIEW
14.14.2 COMPANY SNAPSHOT
14.14.3 OPERATING BUSINESS SEGMENTS
14.14.4 PRODUCT PORTFOLIO
14.14.5 BUSINESS PERFORMANCE
14.14.6 SALES BY BUSINESS SEGMENT
14.14.7 KEY STRATEGIC MOVES & DEVELOPMENTS
14.14.8 PRIMARY MARKET COMPETITORS
14.15. BOC GROUP LIFE ASSURANCE COMPANY LIMITED
14.15.1 COMPANY OVERVIEW
14.15.2 COMPANY SNAPSHOT
14.15.3 PRODUCT PORTFOLIO
14.15.4 KEY STRATEGIC MOVES & DEVELOPMENTS
14.15.5 PRIMARY MARKET COMPETITORS
LIST OF TABLES
TABLE 1. MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
TABLE 2. GLOBAL TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 3. MILLENNIALS MARKET, BY REGION, 2023-2030, MILLION USD
TABLE 4. GENERATION X MARKET, BY REGION, 2023-2030, MILLION USD
TABLE 5. BABY BOOMERS MARKET, BY REGION, 2023-2030, MILLION USD
TABLE 6. GLOBAL TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 7. LOW-INCOME TRAVELERS MARKET, BY REGION, 2023-2030, MILLION USD
TABLE 8. MIDDLE-INCOME TRAVELERS MARKET, BY REGION, 2023-2030, MILLION USD
TABLE 9. HIGH-INCOME TRAVELERS MARKET, BY REGION, 2023-2030, MILLION USD
TABLE 10. GLOBAL TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 11. MEDICAL COVERAGE MARKET, BY REGION, 2023-2030, MILLION USD
TABLE 12. TRIP CANCELLATION COVERAGE MARKET, BY REGION, 2023-2030, MILLION USD
TABLE 13. BAGGAGE AND PERSONAL BELONGINGS COVERAGE MARKET, BY REGION, 2023-2030, MILLION USD
TABLE 14. ACCIDENTAL DEATH AND DISMEMBERMENT (AD&D) COVERAGE MARKET, BY REGION, 2023-2030, MILLION USD
TABLE 15. GLOBAL TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 16. INSURANCE COMPANIES MARKET, BY REGION, 2023-2030, MILLION USD
TABLE 17. BANKS MARKET, BY REGION, 2023-2030, MILLION USD
TABLE 18. AIRLINES MARKET, BY REGION, 2023-2030, MILLION USD
TABLE 19. ONLINE PLATFORMS MARKET, BY REGION, 2023-2030, MILLION USD
TABLE 20. INSURANCE AGGREGATORS AND COMPARISON WEBSITES MARKET, BY REGION, 2023-2030, MILLION USD
TABLE 21. TRAVEL AGENTS AND TOUR OPERATORS MARKET, BY REGION, 2023-2030, MILLION USD
TABLE 22. GLOBAL TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 23. SHORT-TRIP INSURANCE MARKET, BY REGION, 2023-2030, MILLION USD
TABLE 24. STANDARD TRIP INSURANCE MARKET, BY REGION, 2023-2030, MILLION USD
TABLE 25. EXTENDED TRIP INSURANCE MARKET, BY REGION, 2023-2030, MILLION USD
TABLE 26. MULTI-TRIP INSURANCE MARKET, BY REGION, 2023-2030, MILLION USD
TABLE 27. GLOBAL TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 28. PILGRIM TRAVELLERS MARKET, BY REGION, 2023-2030, MILLION USD
TABLE 29. EDUCATION TRAVELERS MARKET, BY REGION, 2023-2030, MILLION USD
TABLE 30. BUSINESS TRAVELERS MARKET, BY REGION, 2023-2030, MILLION USD
TABLE 31. FAMILY TRAVELERS MARKET, BY REGION, 2023-2030, MILLION USD
TABLE 32. GLOBAL TRAVEL INSURANCE MARKET, BY REGION, 2023-2030, MILLION USD
TABLE 33. NORTH AMERICA TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 34. NORTH AMERICA TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 35. NORTH AMERICA TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 36. NORTH AMERICA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 37. NORTH AMERICA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 38. NORTH AMERICA TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 39. NORTH AMERICA TRAVEL INSURANCE MARKET, BY COUNTRY, 2023-2030, MILLION USD
TABLE 40. U.S. TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 41. U.S. TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 42. U.S. TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 43. U.S. TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 44. U.S. TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 45. U.S. TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 46. CANADA TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 47. CANADA TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 48. CANADA TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 49. CANADA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 50. CANADA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 51. CANADA TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 52. MEXICO TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 53. MEXICO TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 54. MEXICO TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 55. MEXICO TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 56. MEXICO TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 57. MEXICO TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 58. EUROPE TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 59. EUROPE TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 60. EUROPE TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 61. EUROPE TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 62. EUROPE TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 63. EUROPE TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 64. EUROPE TRAVEL INSURANCE MARKET, BY COUNTRY, 2023-2030, MILLION USD
TABLE 65. UK TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 66. UK TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 67. UK TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 68. UK TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 69. UK TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 70. UK TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 71. GERMANY TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 72. GERMANY TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 73. GERMANY TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 74. GERMANY TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 75. GERMANY TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 76. GERMANY TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 77. FRANCE TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 78. FRANCE TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 79. FRANCE TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 80. FRANCE TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 81. FRANCE TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 82. FRANCE TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 83. ITALY TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 84. ITALY TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 85. ITALY TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 86. ITALY TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 87. ITALY TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 88. ITALY TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 89. SPAIN TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 90. SPAIN TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 91. SPAIN TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 92. SPAIN TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 93. SPAIN TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 94. SPAIN TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 95. DENMARK TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 96. DENMARK TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 97. DENMARK TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 98. DENMARK TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 99. DENMARK TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 100. DENMARK TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 101. NETHERLANDS TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 102. NETHERLANDS TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 103. NETHERLANDS TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 104. NETHERLANDS TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 105. NETHERLANDS TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 106. NETHERLANDS TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 107. FINLAND TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 108. FINLAND TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 109. FINLAND TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 110. FINLAND TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 111. FINLAND TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 112. FINLAND TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 113. SWEDEN TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 114. SWEDEN TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 115. SWEDEN TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 116. SWEDEN TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 117. SWEDEN TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 118. SWEDEN TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 119. NORWAY TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 120. NORWAY TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 121. NORWAY TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 122. NORWAY TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 123. NORWAY TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 124. NORWAY TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 125. RUSSIA TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 126. RUSSIA TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 127. RUSSIA TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 128. RUSSIA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 129. RUSSIA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 130. RUSSIA TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 131. REST OF EUROPE TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 132. REST OF EUROPE TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 133. REST OF EUROPE TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 134. REST OF EUROPE TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 135. REST OF EUROPE TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 136. REST OF EUROPE TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 137. ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 138. ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 139. ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 140. ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 141. ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 142. ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 143. ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY COUNTRY, 2023-2030, MILLION USD
TABLE 144. CHINA TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 145. CHINA TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 146. CHINA TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 147. CHINA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 148. CHINA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 149. CHINA TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 150. JAPAN TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 151. JAPAN TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 152. JAPAN TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 153. JAPAN TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 154. JAPAN TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 155. JAPAN TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 156. INDIA TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 157. INDIA TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 158. INDIA TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 159. INDIA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 160. INDIA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 161. INDIA TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 162. SOUTH KOREA TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 163. SOUTH KOREA TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 164. SOUTH KOREA TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 165. SOUTH KOREA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 166. SOUTH KOREA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 167. SOUTH KOREA TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 168. AUSTRALIA TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 169. AUSTRALIA TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 170. AUSTRALIA TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 171. AUSTRALIA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 172. AUSTRALIA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 173. AUSTRALIA TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 174. INDONESIA TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 175. INDONESIA TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 176. INDONESIA TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 177. INDONESIA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 178. INDONESIA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 179. INDONESIA TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 180. SINGAPORE TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 181. SINGAPORE TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 182. SINGAPORE TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 183. SINGAPORE TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 184. SINGAPORE TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 185. SINGAPORE TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 186. TAIWAN TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 187. TAIWAN TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 188. TAIWAN TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 189. TAIWAN TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 190. TAIWAN TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 191. TAIWAN TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 192. THAILAND TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 193. THAILAND TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 194. THAILAND TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 195. THAILAND TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 196. THAILAND TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 197. THAILAND TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 198. HONG KONG TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 199. HONG KONG TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 200. HONG KONG TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 201. HONG KONG TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 202. HONG KONG TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 203. HONG KONG TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 204. GBA (EXCLUDING HONGKONG) TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 205. GBA (EXCLUDING HONGKONG) TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 206. GBA (EXCLUDING HONGKONG) TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 207. GBA (EXCLUDING HONGKONG) TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 208. GBA (EXCLUDING HONGKONG) TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 209. GBA (EXCLUDING HONGKONG) TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 210. REST OF ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 211. REST OF ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 212. REST OF ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 213. REST OF ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 214. REST OF ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 215. REST OF ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 216. REST OF WORLD TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 217. REST OF WORLD TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 218. REST OF WORLD TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 219. REST OF WORLD TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 220. REST OF WORLD TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 221. REST OF WORLD TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 222. REST OF WORLD TRAVEL INSURANCE MARKET, BY COUNTRY, 2023-2030, MILLION USD
TABLE 223. LATIN AMERICA TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 224. LATIN AMERICA TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 225. LATIN AMERICA TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 226. LATIN AMERICA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 227. LATIN AMERICA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 228. LATIN AMERICA TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 229. MIDDLE EAST TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 230. MIDDLE EAST TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 231. MIDDLE EAST TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 232. MIDDLE EAST TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 233. MIDDLE EAST TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 234. MIDDLE EAST TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 235. AFRICA TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
TABLE 236. AFRICA TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
TABLE 237. AFRICA TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
TABLE 238. AFRICA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
TABLE 239. AFRICA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
TABLE 240. AFRICA TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
TABLE 241. ZURICH INSURANCE GROUP LTD: COMPANY SNAPSHOT
TABLE 242. ZURICH INSURANCE GROUP LTD: OPERATING SEGMENTS
TABLE 243. ZURICH INSURANCE GROUP LTD: PRODUCT PORTFOLIO
TABLE 244. ZURICH INSURANCE GROUP LTD: BUSINESS SEGMENT
TABLE 245. ZURICH INSURANCE GROUP LTD: GEOGRAPHIC SEGMENT
TABLE 246. ZURICH INSURANCE GROUP LTD: KEY STRATEGIC MOVES & DEVELOPMENTS
TABLE 247. BERKSHIRE HATHAWAY SPECIALTY INSURANCE: COMPANY SNAPSHOT
TABLE 248. BERKSHIRE HATHAWAY SPECIALTY INSURANCE: OPERATING SEGMENTS
TABLE 249. BERKSHIRE HATHAWAY SPECIALTY INSURANCE: PRODUCT PORTFOLIO
TABLE 250. BERKSHIRE HATHAWAY SPECIALTY INSURANCE: BUSINESS SEGMENT
TABLE 251. BERKSHIRE HATHAWAY SPECIALTY INSURANCE: KEY STRATEGIC MOVES & DEVELOPMENTS
TABLE 252. CHUBB LIMITED: COMPANY SNAPSHOT
TABLE 253. CHUBB LIMITED: OPERATING SEGMENTS
TABLE 254. CHUBB LIMITED: PRODUCT PORTFOLIO
TABLE 255. CHUBB LIMITED: BUSINESS SEGMENT
TABLE 256. CHUBB LIMITED: KEY STRATEGIC MOVES & DEVELOPMENTS
TABLE 257. AVIVA PLC: COMPANY SNAPSHOT
TABLE 258. AVIVA PLC: PRODUCT PORTFOLIO
TABLE 259. AVIVA PLC: KEY STRATEGIC MOVES & DEVELOPMENTS
TABLE 260. GENERALI GROUP: COMPANY SNAPSHOT
TABLE 261. GENERALI GROUP: OPERATING SEGMENTS
TABLE 262. GENERALI GROUP: PRODUCT PORTFOLIO
TABLE 263. GENERALI GROUP: BUSINESS SEGMENT
TABLE 264. GENERALI GROUP: KEY STRATEGIC MOVES & DEVELOPMENTS
TABLE 265. AIA GROUP LTD: COMPANY SNAPSHOT
TABLE 266. AIA GROUP LTD: PRODUCT PORTFOLIO
TABLE 267. AIA GROUP LTD: BUSINESS SEGMENT
TABLE 268. AIA GROUP LTD: KEY STRATEGIC MOVES & DEVELOPMENTS
TABLE 269. ALLIANZ GROUP: COMPANY SNAPSHOT
TABLE 270. ALLIANZ GROUP: OPERATING SEGMENTS
TABLE 271. ALLIANZ GROUP: PRODUCT PORTFOLIO
TABLE 272. ALLIANZ GROUP: BUSINESS SEGMENT
TABLE 273. ALLIANZ GROUP: KEY STRATEGIC MOVES & DEVELOPMENTS
TABLE 274. AMERICAN INTERNATIONAL GROUP, INC.: COMPANY SNAPSHOT
TABLE 275. AMERICAN INTERNATIONAL GROUP, INC.: PRODUCT PORTFOLIO
TABLE 276. AMERICAN INTERNATIONAL GROUP, INC.: SALES BY GEOGRAPHIC SEGMENT
TABLE 277. AMERICAN INTERNATIONAL GROUP, INC.: KEY STRATEGIC MOVES & DEVELOPMENTS
TABLE 278. AXA S.A.: COMPANY SNAPSHOT
TABLE 279. AXA S.A.: OPERATING SEGMENTS
TABLE 280. AXA S.A.: PRODUCT PORTFOLIO
TABLE 281. AXA S.A.: BUSINESS SEGMENT
TABLE 282. AXA S.A.: SALES BY GEOGRAPHIC SEGMENT
TABLE 283. AXA S.A.: KEY STRATEGIC MOVES & DEVELOPMENTS
TABLE 284. TRAVEL INSURED INTERNATIONAL: COMPANY SNAPSHOT
TABLE 285. TRAVEL INSURED INTERNATIONAL: PRODUCT PORTFOLIO
TABLE 286. TRAVEL INSURED INTERNATIONAL: KEY STRATEGIC MOVES & DEVELOPMENTS
TABLE 287. NATIONWIDE: COMPANY SNAPSHOT
TABLE 288. NATIONWIDE: PRODUCT PORTFOLIO
TABLE 289. NATIONWIDE: KEY STRATEGIC MOVES & DEVELOPMENTS
TABLE 290. PRUDENTIAL PLC: COMPANY SNAPSHOT
TABLE 291. PRUDENTIAL PLC: PRODUCT PORTFOLIO
TABLE 292. PRUDENTIAL PLC: GEOGRAPHIC SEGMENT
TABLE 293. PRUDENTIAL PLC: KEY STRATEGIC MOVES & DEVELOPMENTS
TABLE 294. MANUFACTURERS LIFE INSURANCE COMPANY (MANULIFE): COMPANY SNAPSHOT
TABLE 295. MANUFACTURERS LIFE INSURANCE COMPANY (MANULIFE): PR0DUCT PORTFOLIO
TABLE 296. MANUFACTURERS LIFE INSURANCE COMPANY (MANULIFE): KEY STRATEGIC MOVES & DEVELOPMENTS
TABLE 297. HSBC HOLDINGS PLC: COMPANY SNAPSHOT
TABLE 298. HSBC HOLDINGS PLC: OPERATING SEGMENTS
TABLE 299. HSBC HOLDINGS PLC: PRODUCT PORTFOLIO
TABLE 300. HSBC HOLDINGS PLC: BUSINESS SEGMENT
TABLE 301. BOC GROUP LIFE ASSURANCE COMPANY LIMITED: COMPANY SNAPSHOT
TABLE 302. BOC GROUP LIFE ASSURANCE COMPANY LIMITED: PRODUCT PORTFOLIO
TABLE 303. BOC GROUP LIFE ASSURANCE COMPANY LIMITED: KEY STRATEGIC MOVES & DEVELOPMENTS
LIST OF FIGURES
FIGURE 1. SECONDARY DATA SOURCES
FIGURE 2. OVERVIEW OF THE SCOPE
FIGURE 3. MARKET SHARE ANALYSIS OF TOP PROVIDERS OF TRAVEL INSURANCE, 2023
FIGURE 4. GLOBAL TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 5. MILLENNIALS MARKET, BY REGION, 2023-2030, MILLION USD
FIGURE 6. GENERATION X MARKET, BY REGION, 2023-2030, MILLION USD
FIGURE 7. BABY BOOMERS MARKET, BY REGION, 2023-2030, MILLION USD
FIGURE 8. GLOBAL TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 9. LOW-INCOME TRAVELERS MARKET, BY REGION, 2023-2030, MILLION USD
FIGURE 10. MIDDLE-INCOME TRAVELERS MARKET, BY REGION, 2023-2030, MILLION USD
FIGURE 11. HIGH-INCOME TRAVELERS MARKET, BY REGION, 2023-2030, MILLION USD
FIGURE 12. GLOBAL TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 13. MEDICAL COVERAGE MARKET, BY REGION, 2023-2030, MILLION USD
FIGURE 14. TRIP CANCELLATION COVERAGE MARKET, BY REGION, 2023-2030, MILLION USD
FIGURE 15. BAGGAGE AND PERSONAL BELONGINGS COVERAGE MARKET, BY REGION, 2023-2030, MILLION USD
FIGURE 16. ACCIDENTAL DEATH AND DISMEMBERMENT (AD&D) COVERAGE MARKET, BY REGION, 2023-2030, MILLION USD
FIGURE 17. GLOBAL TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 18. INSURANCE COMPANIES MARKET, BY REGION, 2023-2030, MILLION USD
FIGURE 19. BANKS MARKET, BY REGION, 2023-2030, MILLION USD
FIGURE 20. AIRLINES MARKET, BY REGION, 2023-2030, MILLION USD
FIGURE 21. ONLINE PLATFORMS MARKET, BY REGION, 2023-2030, MILLION USD
FIGURE 22. INSURANCE AGGREGATORS AND COMPARISON WEBSITES MARKET, BY REGION, 2023-2030, MILLION USD
FIGURE 23. TRAVEL AGENTS AND TOUR OPERATORS MARKET, BY REGION, 2023-2030, MILLION USD
FIGURE 24. GLOBAL TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 25. SHORT-TRIP INSURANCE MARKET, BY REGION, 2023-2030, MILLION USD
FIGURE 26. STANDARD TRIP INSURANCE MARKET, BY REGION, 2023-2030, MILLION USD
FIGURE 27. EXTENDED TRIP INSURANCE MARKET, BY REGION, 2023-2030, MILLION USD
FIGURE 28. MULTI-TRIP INSURANCE MARKET, BY REGION, 2023-2030, MILLION USD
FIGURE 29. GLOBAL TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 30. PILGRIM TRAVELLERS MARKET, BY REGION, 2023-2030, MILLION USD
FIGURE 31. EDUCATION TRAVELERS MARKET, BY REGION, 2023-2030, MILLION USD
FIGURE 32. BUSINESS TRAVELERS MARKET, BY REGION, 2023-2030, MILLION USD
FIGURE 33. FAMILY TRAVELERS MARKET, BY REGION, 2023-2030, MILLION USD
FIGURE 34. GLOBAL TRAVEL INSURANCE MARKET, BY REGION, 2023-2030, MILLION USD
FIGURE 35. NORTH AMERICA TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 36. NORTH AMERICA TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 37. NORTH AMERICA TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 38. NORTH AMERICA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 39. NORTH AMERICA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 40. NORTH AMERICA TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 41. NORTH AMERICA TRAVEL INSURANCE MARKET, BY COUNTRY, 2023-2030, MILLION USD
FIGURE 42. U.S. TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 43. U.S. TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 44. U.S. TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 45. U.S. TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 46. U.S. TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 47. U.S. TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 48. CANADA TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 49. CANADA TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 50. CANADA TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 51. CANADA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 52. CANADA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 53. CANADA TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 54. MEXICO TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 55. MEXICO TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 56. MEXICO TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 57. MEXICO TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 58. MEXICO TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 59. MEXICO TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 60. EUROPE TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 61. EUROPE TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 62. EUROPE TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 63. EUROPE TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 64. EUROPE TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 65. EUROPE TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 66. EUROPE TRAVEL INSURANCE MARKET, BY COUNTRY, 2023-2030, MILLION USD
FIGURE 67. UK TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 68. UK TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 69. UK TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 70. UK TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 71. UK TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 72. UK TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 73. GERMANY TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 74. GERMANY TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 75. GERMANY TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 76. GERMANY TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 77. GERMANY TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 78. GERMANY TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 79. FRANCE TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 80. FRANCE TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 81. FRANCE TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 82. FRANCE TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 83. FRANCE TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 84. FRANCE TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 85. ITALY TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 86. ITALY TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 87. ITALY TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 88. ITALY TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 89. ITALY TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 90. ITALY TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 91. SPAIN TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 92. SPAIN TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 93. SPAIN TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 94. SPAIN TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 95. SPAIN TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 96. SPAIN TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 97. DENMARK TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 98. DENMARK TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 99. DENMARK TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 100. DENMARK TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 101. DENMARK TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 102. DENMARK TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 103. NETHERLANDS TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 104. NETHERLANDS TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 105. NETHERLANDS TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 106. NETHERLANDS TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 107. NETHERLANDS TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 108. NETHERLANDS TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 109. FINLAND TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 110. FINLAND TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 111. FINLAND TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 112. FINLAND TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 113. FINLAND TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 114. FINLAND TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 115. SWEDEN TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 116. SWEDEN TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 117. SWEDEN TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 118. SWEDEN TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 119. SWEDEN TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 120. SWEDEN TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 121. NORWAY TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 122. NORWAY TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 123. NORWAY TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 124. NORWAY TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 125. NORWAY TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 126. NORWAY TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 127. RUSSIA TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 128. RUSSIA TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 129. RUSSIA TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 130. RUSSIA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 131. RUSSIA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 132. RUSSIA TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 133. REST OF EUROPE TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 134. REST OF EUROPE TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 135. REST OF EUROPE TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 136. REST OF EUROPE TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 137. REST OF EUROPE TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 138. REST OF EUROPE TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 139. ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 140. ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 141. ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 142. ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 143. ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 144. ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 145. ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY COUNTRY, 2023-2030, MILLION USD
FIGURE 146. CHINA TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 147. CHINA TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 148. CHINA TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 149. CHINA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 150. CHINA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 151. CHINA TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 152. JAPAN TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 153. JAPAN TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 154. JAPAN TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 155. JAPAN TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 156. JAPAN TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 157. JAPAN TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 158. INDIA TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 159. INDIA TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 160. INDIA TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 161. INDIA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 162. INDIA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 163. INDIA TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 164. SOUTH KOREA TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 165. SOUTH KOREA TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 166. SOUTH KOREA TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 167. SOUTH KOREA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 168. SOUTH KOREA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 169. SOUTH KOREA TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 170. AUSTRALIA TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 171. AUSTRALIA TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 172. AUSTRALIA TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 173. AUSTRALIA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 174. AUSTRALIA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 175. AUSTRALIA TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 176. INDONESIA TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 177. INDONESIA TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 178. INDONESIA TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 179. INDONESIA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 180. INDONESIA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 181. INDONESIA TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 182. SINGAPORE TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 183. SINGAPORE TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 184. SINGAPORE TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 185. SINGAPORE TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 186. SINGAPORE TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 187. SINGAPORE TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 188. TAIWAN TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 189. TAIWAN TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 190. TAIWAN TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 191. TAIWAN TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 192. TAIWAN TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 193. TAIWAN TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 194. THAILAND TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 195. THAILAND TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 196. THAILAND TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 197. THAILAND TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 198. THAILAND TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 199. THAILAND TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 200. HONG KONG TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 201. HONG KONG TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 202. HONG KONG TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 203. HONG KONG TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 204. HONG KONG TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 205. HONG KONG TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 206. GBA (EXCLUDING HONGKONG) TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 207. GBA (EXCLUDING HONGKONG) TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 208. GBA (EXCLUDING HONGKONG) TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 209. GBA (EXCLUDING HONGKONG) TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 210. GBA (EXCLUDING HONGKONG) TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 211. GBA (EXCLUDING HONGKONG) TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 212. REST OF ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 213. REST OF ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 214. REST OF ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 215. REST OF ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 216. REST OF ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 217. REST OF ASIA-PACIFIC TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 218. REST OF WORLD TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 219. REST OF WORLD TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 220. REST OF WORLD TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 221. REST OF WORLD TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 222. REST OF WORLD TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 223. REST OF WORLD TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 224. REST OF WORLD TRAVEL INSURANCE MARKET, BY COUNTRY, 2023-2030, MILLION USD
FIGURE 225. LATIN AMERICA TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 226. LATIN AMERICA TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 227. LATIN AMERICA TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 228. LATIN AMERICA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 229. LATIN AMERICA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 230. LATIN AMERICA TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 231. MIDDLE EAST TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 232. MIDDLE EAST TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 233. MIDDLE EAST TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 234. MIDDLE EAST TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 235. MIDDLE EAST TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 236. MIDDLE EAST TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 237. AFRICA TRAVEL INSURANCE MARKET, BY AGE, 2023-2030, MILLION USD
FIGURE 238. AFRICA TRAVEL INSURANCE MARKET, BY INCOME LEVEL, 2023-2030, MILLION USD
FIGURE 239. AFRICA TRAVEL INSURANCE MARKET, BY COVERAGE, 2023-2030, MILLION USD
FIGURE 240. AFRICA TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2023-2030, MILLION USD
FIGURE 241. AFRICA TRAVEL INSURANCE MARKET, BY DAYS OF COVERAGE, 2023-2030, MILLION USD
FIGURE 242. AFRICA TRAVEL INSURANCE MARKET, BY END USER, 2023-2030, MILLION USD
FIGURE 243. ZURICH INSURANCE GROUP LTD: NET SALES, 2021–2023 ($MILLION)
FIGURE 244. ZURICH INSURANCE GROUP LTD: PRIMARY MARKET COMPETITORS
FIGURE 245. BERKSHIRE HATHAWAY SPECIALTY INSURANCE: NET SALES, 2021–2023 ($MILLION)
FIGURE 246. BERKSHIRE HATHAWAY SPECIALTY INSURANCE: PRIMARY MARKET COMPETITORS
FIGURE 247. CHUBB LIMITED: NET SALES, 2020–2022 ($MILLION)
FIGURE 248. CHUBB LIMITED: PRIMARY MARKET COMPETITORS
FIGURE 249. AVIVA PLC: NET SALES, 2021–2023 ($MILLION)
FIGURE 250. AVIVA PLC: PRIMARY MARKET COMPETITORS
FIGURE 251. GENERALI GROUP: NET SALES, 2020–2022 ($MILLION)
FIGURE 252. GENERALI GROUP: PRIMARY MARKET COMPETITORS
FIGURE 253. AIA GROUP LTD: NET SALES, 2021–2023 ($MILLION)
FIGURE 254. AIA GROUP LTD: PRIMARY MARKET COMPETITORS
FIGURE 255. ALLIANZ GROUP: NET SALES, 2021–2023 ($MILLION)
FIGURE 256. ALLIANZ GROUP: PRIMARY MARKET COMPETITORS
FIGURE 257. AMERICAN INTERNATIONAL GROUP, INC.: NET SALES, 2021–2023 ($MILLION)
FIGURE 258. AMERICAN INTERNATIONAL GROUP, INC.: PRIMARY MARKET COMPETITORS
FIGURE 259. AXA S.A.: NET SALES, 2021–2023 ($MILLION)
FIGURE 260. AXA S.A.: PRIMARY MARKET COMPETITORS
FIGURE 261. TRAVEL INSURED INTERNATIONAL: PRIMARY MARKET COMPETITORS
FIGURE 262. NATIONWIDE: NET SALES, 2021–2023 ($MILLION)
FIGURE 263. NATIONWIDE: PRIMARY MARKET COMPETITORS
FIGURE 264. PRUDENTIAL PLC: NET SALES, 2020–2022 (USD MILLION)
FIGURE 265. PRUDENTIAL PLC: PRIMARY MARKET COMPETITORS
FIGURE 266. MANUFACTURERS LIFE INSURANCE COMPANY (MANULIFE): NET SALES, 2020–2022 (USD MILLION)
FIGURE 267. MANUFACTURERS LIFE INSURANCE COMPANY (MANULIFE): PRIMARY MARKET COMPETITORS
FIGURE 268. HSBC HOLDINGS PLC: NET SALES, 2020–2022 ($MILLION)
FIGURE 269. HSBC HOLDINGS PLC: PRIMARY MARKET COMPETITORS
FIGURE 270 . BOC GROUP LIFE ASSURANCE COMPANY LIMITED: PRIMARY MARKET COMPETITORS
Frequently Asked Questions
What is the estimated revenue of the global travel insurance market by the end of 2030, what are the key challenges faced by the travel insurance market, which is the dominating region in the travel insurance market, what is the market size of the travel insurance market in 2023, what age group tends to have the largest presence in the travel insurance market, download free sample.
Please Enter Full Name
Please Enter Valid Email ID
Please enter Country Code and Phone No
Please enter message
Our Clients
Related Report
Related Blogs
Adoption of latest technologies to reshape the p&c core platform industry.
Introduction The property and casualty (P&C) insurance...
Innovations And Technologies Shaping The Travel Insurance Industry
Introduction In today's dynamic landscape of travel ins...
Unleashing the Power of Emerging Technologies in Insurance TPAs
Introduction In today's fast-paced insurance sector, third-party administra...
Download Sample
Your Response Will be sent
Please provide your company email address for a faster response
Type Of License
This website uses cookies to ensure you get the best experience on our website. Learn more
Travel Insurance Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)
The Travel Insurance Market Report is Segmented by Coverage Type (Single-Trip Travel Insurance and Annual Multi-Trip Travel Insurance), by Product Type (Trip Cancellation/Delay, Travel Medical Insurance (Personal Accident), and Other Product Types), by Distribution Channel (Insurance Companies, Insurance Intermediaries, Banks, Insurance Brokers and Other Distribution Channels), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Report Offers Market Size and Forecasts for all the Above Segments in Value Terms in USD.
- Travel Insurance Market Size
Need a report that reflects how COVID-19 has impacted this market and its growth?
Travel Insurance Market Analysis
The Travel Insurance Market size is estimated at USD 23.31 billion in 2024, and is expected to reach USD 44.84 billion by 2029, growing at a CAGR of 15.40% during the forecast period (2024-2029).
Travel insurance plays a pivotal role in shielding individuals from potential hazards, whether traveling domestically or internationally. It is especially vital for frequent travelers, offering financial protection against risks like flight cancellations and baggage losses, often not covered by other insurance policies.
Traveling carries risks, from lost baggage to flight disruptions. Travel insurance steps in, covering losses of not just baggage but also money and crucial documents. It protects against accidents, injuries, and unforeseen events like riots or terrorist incidents.
Insurance distribution channels have swiftly pivoted toward digitalization. While detailed online sales data remains limited, a noticeable trend emerges: in many European nations, a significant share of clients now favors online platforms for their travel, property, and motor insurance needs.
The surge in OTA app usage underscores a growing preference for digital travel planning. This trend is expected to drive travelers to explore and purchase travel insurance online from established providers or emerging insurtech firms.
- Travel Insurance Market Trends
Single-journey Travel Insurance Driving the Travel Insurance Market
Single-journey travel insurance is the most economical choice for individuals embarking on a single journey within a year. This insurance covers a single trip from the policy purchase until the traveler’s return home. Even if the journey spans multiple countries, it is still classified as a single trip, provided the traveler does not return home between visits. Typically, these policies range from 7 to 180 days in duration.
Single-journey travel insurance acts as a safety net against unforeseen expenses during travel. It is highly favored by US travelers as it offers flexibility, affordability, and comprehensive coverage. The pricing of single-trip travel insurance hinges on factors like trip duration, coverage requirements, the traveler’s age, and any pre-existing medical conditions. Notably, premiums see a sharp increase for those under 20, stabilize for individuals in their thirties to fifties, and rise significantly for single and comprehensive plans once the insured crosses sixty.
Travel Insurance Market in Asia-Pacific
Government investments in tourism projects have propelled the Asia-Pacific travel insurance market to the forefront of market demand. The region’s robust GDP growth, rising per capita income, and a surge in online travel bookings are fueling the rapid expansion of the travel insurance market.
Asia-Pacific, with its mix of developing economies, population growth, and an expanding middle class, is the world’s fastest-growing region.
China’s travel insurance sector is witnessing a direct impact from the country’s increasing online travel bookings, a rise in festival holidays, and a growing appetite for unique tourist experiences, all underpinned by a heightened focus on leisure.
India’s tourism sector is on a steady growth trajectory. With globalization and the ease of online insurance purchases, Indian travelers increasingly recognize the importance of travel insurance for peace of mind and financial security.
Japan’s high healthcare costs, securing adequate travel insurance has become a top priority. While previously overlooked, the spotlight on hefty medical bills in the media has transformed travel insurance into a necessity for any journey to Japan.
Travel Insurance Industry Overview
The travel insurance market is fragmented, with many international players. Many companies worldwide cater to the diverse needs of travelers, reflecting global and regional regulations. This has fostered intense competition, providing consumers with a wide array of choices. However, a notable trend is the consolidation within the sector, as larger players strategically acquire smaller firms to enhance their market standing and expand their service portfolio.
Key industry players, including Allianz, American International Group Inc., Assicurazioni Generali SpA, Aviva, and AXA, respond to this competitive landscape by forging strategic collaborations, partnerships, and mergers and acquisitions.
Travel Insurance Market Leaders
American International Group Inc.
Assicurazioni Generali SpA
*Disclaimer: Major Players sorted in no particular order
Travel Insurance Market News
- In March 2024, Allianz SpA completed the acquisition of the Italian insurance and reinsurance company Tua from Assicurazzioni Generali SpA for an agreed price of EUR 280 million. The transaction was first announced on October 12th, 2023.
- In May 2023, InsureMyTrip is now offering travel insurance in Canada. Traveling Canadians and visitors to Canada can now go online at insuremytrip.ca to compare, quote, and buy travel insurance from the best travel insurance providers in the country. With the launch of insuremyTrip.ca, the website is set to become the go-to travel insurance comparison website in Canada.
- In February 2023, Vistara formed a partnership with Allianz Partners to offer optional travel insurance to its passengers. Customers can now opt for travel insurance during the booking process for both domestic and international flights.
Travel Insurance Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Role of Social Media in Fueling the Global Travel Insurance Market
4.2.2 Growing International Travelers and Changing Demographics Drive Demand
4.3 Market Restraints
4.3.1 Lack of Awareness Acting as a Restraint for Travel Insurance
4.3.2 Intense Competition and Price Sensitivity Challenges the Travel Insurance Market
4.4 Market Opportunities
4.4.1 Technological Advancements in Travel Insurance
4.4.2 Lack of Awareness and Delayed Services is Challenging Market Growth
4.5 Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Insights into Technological Advancements in the Industry
4.7 Insights on Government Regulations in the Industry
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 by Coverage Type
5.1.1 Single-Trip Travel Insurance
5.1.2 Annual Multi-Trip Travel Insurance
5.2 By Product Type
5.2.1 Trip Cancellation/Delay
5.2.2 Travel Medical Insurance (Personal Accident)
5.2.3 Other Product Types
5.3 By Distribution Channel
5.3.1 Insurance Companies
5.3.2 Insurance Intermediaries
5.3.3 Banks
5.3.4 Insurance Brokers
5.3.5 Other Distribution Channels
5.4 By Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 United Kingdom
5.4.2.2 Germany
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 India
5.4.3.3 Japan
5.4.3.4 Rest of Asia-Pacific
5.4.4 Latin America
5.4.4.1 Mexico
5.4.4.2 Brazil
5.4.4.3 Argentina
5.4.4.4 Rest of Latin America
5.4.5 Middle-East and Africa
5.4.5.1 United Arab Emirates
5.4.5.2 Saudi Arabia
5.4.5.3 South Africa
5.4.5.4 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Allianz
6.2.2 American International Group Inc.
6.2.3 Assicurazioni Generali SpA
6.2.4 Aviva
6.2.6 Berkshire Hathaway Travel Protection
6.2.7 Saga PLC
6.2.8 HTH Worldwide
6.2.9 Insure & Go Insurance Services Limited
6.2.10 Medgulf
6.2.11 Nationwide Mutual Insurance Company
6.2.12 Ping An Insurance
6.2.13 Travelex Travel Insurance
6.2.14 Zurich Insurance
6.2.15 Chubb Insurance*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. ABOUT US
Travel Insurance Industry Segmentation
Travel insurance covers various risks in the course of travel. It covers medical expenses, lost baggage, flight cancellations, and other losses a passenger may incur while traveling. The travel insurance market is segmented by coverage type, by product type, distribution channel, and geography. By type, the market is segmented into single-trip travel insurance and annual-trip travel insurance. By product type, the market is segmented by trip cancellation/delay, travel medical insurance (personal accident), and other product types. By distribution channel, the market is segmented into insurance companies, insurance intermediaries, banks, insurance brokers and other distribution channels and by geography, the market is segmented into North America, South America, Asia-Pacific, Europe and Middle East & Africa. The report offers market sizes and forecasts for the travel insurance market in value (USD) for the all above segments.
Travel Insurance Market Research FAQs
How big is the travel insurance market.
The Travel Insurance Market size is expected to reach USD 23.31 billion in 2024 and grow at a CAGR of 15.40% to reach USD 44.84 billion by 2029.
What is the current Travel Insurance Market size?
In 2024, the Travel Insurance Market size is expected to reach USD 23.31 billion.
Who are the key players in Travel Insurance Market?
Allianz, American International Group Inc., Assicurazioni Generali SpA, Aviva and AXA are the major companies operating in the Travel Insurance Market.
Which is the fastest growing region in Travel Insurance Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Travel Insurance Market?
In 2024, the North America accounts for the largest market share in Travel Insurance Market.
What years does this Travel Insurance Market cover, and what was the market size in 2023?
In 2023, the Travel Insurance Market size was estimated at USD 19.72 billion. The report covers the Travel Insurance Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Travel Insurance Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the key segments in the Travel Insurance Market?
The key segments in the Travel Insurance Market include by a) Type - Single-Trip Travel Insurance, Annual Multi-Trip Travel Insurance b) Distribution Channel - Insurance companies, Insurance Intermediaries, Banks, Insurance Brokers
Our Best Selling Reports
- Biomarkers Market
- Cell Isolation Market
- Diabetes Care Drugs Market
- Hip Replacement Market
- Hot Melt Adhesive Market
- Medical Lifting Slings Market
- Orthobiologics Market
- Sternal Closure Systems Market
- Thyroid Function Market
Travel Insurance Industry Report
The travel insurance market has experienced significant growth due to the increase in global travel and the potential risks that come with it. This growth is driven by travelers' growing awareness of the importance of insurance to protect against unexpected events such as trip cancellations, medical emergencies, lost baggage, or flight delays. However, the industry is sensitive to global events like natural disasters, political unrest, pandemics, and terrorist attacks, which can disrupt travel and make travelers hesitant to purchase insurance. Despite this, the diversity in travel experiences has led to the development of specialized insurance products tailored to different needs, such as adventure travel insurance, business travel insurance, and coverage for specific regions. This may lead to a trend toward more flexible and customizable policies, allowing travelers to select specific coverage elements based on their travel plans and preferences. Mordor Intelligence™ Industry Reports provide statistics for the Travel Insurance market share, size, and revenue growth rate, including a market forecast outlook and a historical overview. Get a sample of this industry analysis as a free report PDF download.
Travel Insurance Market Report Snapshots
- Travel Insurance Market Share
- Travel Insurance Companies
Please enter a valid email id!
Please enter a valid message!
Travel Insurance Market Get a free sample of this report
Please enter your name
Business Email
Please enter a valid email
Please enter your phone number
Business Email *
Company Name *
Please enter a company name
Get this Data in a Free Sample of the Travel Insurance Market Report
Please enter your requirement
Thank you for choosing us for your research needs! A confirmation has been sent to your email. Rest assured, your report will be delivered to your inbox within the next 72 hours. A member of our dedicated Client Success Team will proactively reach out to guide and assist you. We appreciate your trust and are committed to delivering precise and valuable research insights.
Please be sure to check your spam folder too.
Sorry! Payment Failed. Please check with your bank for further details.
Add Citation APA MLA Chicago
➜ Embed Code X
Get Embed Code
Want to use this image? X
Please copy & paste this embed code onto your site:
Images must be attributed to Mordor Intelligence. Learn more
About The Embed Code X
Mordor Intelligence's images may only be used with attribution back to Mordor Intelligence. Using the Mordor Intelligence's embed code renders the image with an attribution line that satisfies this requirement.
In addition, by using the embed code, you reduce the load on your web server, because the image will be hosted on the same worldwide content delivery network Mordor Intelligence uses instead of your web server.
Global Travel Insurance Market Size, Share, and COVID-19 Impact Analysis, By Coverage Type (Annual Multi-Trip Travel Insurance and Single-Trip Travel Insurance), By Distribution Channel (Insurance Brokers, Insurance Companies, Banks, Insurance Aggregators, and Insurance Intermediaries), and By End User (Family Travelers, Education Travelers, Business Travelers, Senior Citizens, and Others), and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2021 - 2030
Global Travel Insurance Market Insights Forecasts to 2030
- The global travel insurance market was valued at USD 13.3 billion in 2021.
- The market is growing at a CAGR of 25% from 2021 to 2030
- The global travel Insurance market is expected to reach USD 99.0 billion by 2030
- The Asia Pacific is expected to grow the fastest during the forecast period
Get more details on this report -
The global travel Insurance market is expected to reach USD 99.0 billion by 2030, at a CAGR of 25% during the forecast period 2021 to 2030. The travel insurance market has grown due to the increasing demand for travel insurance post the outbreak of the COVID-19 pandemic. There are advancements in new technologies to help ease the travel experience of people, which is expected to provide growth opportunities for the market during the forecast period.
Market Overview
The travel industry has been proliferating owing to the proliferation of budget and luxury accommodations in the past few years. And with the increasing number of people traveling for leisure, the need for travel insurance is increasing rapidly. According to the World Health Organization (WHO), around 1.5 billion people travel annually, which is expected to increase in the coming years. Travel insurance helps travelers prepare for an unprecedented event that might affect their travel in a negative way. Moreover, post the outbreak of the COVID-19 pandemic, the need for travel insurance increased rapidly. It started covering Covid-19 tests and quarantine costs. Furthermore, the increasing demand for tourism is expected to propel the market's growth. In addition, the strict government policies related to travel are expected to further fuel the growth of the travel insurance market. However, there are very few insurance policies that cover travel. This is expected to limit the market’s growth during the forecast period. There are advancements in new technologies to help ease the travel experience of people, which is expected to provide growth opportunities for the market during the forecast period. The deaths due to the Covid-19 pandemic also posed challenges for the market’s growth over the forecast period as several insurance companies were not ready to cover death under their insurance policies. People in developing and underdeveloped countries are still reluctant to spend money on insurance facilities which hamper the market’s growth.
Global Travel Insurance Market Report Coverage
Report Coverage
This research report categorizes the market for global travel insurance based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global travel insurance market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each global travel insurance market sub-segments.
Segmentation Analysis
- In 2021, the annual multi-trip travel insurance segment dominated the market with the largest market share of 58.7% and market revenue of 7.7 billion.
Based on the coverage type, the global travel insurance market is categorized into annual multi-trip travel insurance and single-trip travel insurance. In 2021, the annual multi-trip travel insurance segment dominated the market with the largest market share of 58.7% and market revenue of 7.7 billion. The Annual Multi-Trip Travel Insurance segment will account for the greatest revenue in the market as travel restrictions were eased post the outbreak of the Covid-19 pandemic. Furthermore, there is rapid growth in the travel and tourism sector which propels the segments’ growth. In addition, the multi-trip travel insurance segment provides travelers with appropriate insurance coverage, ensuring that their annual vacations go smoothly without any disturbance or health-related issues.
- In 2021, the insurance intermediaries segment accounted for the largest share of the market, with 21.6% and market revenue of 2.8 billion.
The travel insurance market is categorized based on distribution channels into insurance brokers, insurance companies, banks, insurance aggregators, and insurance intermediaries. In 2021, the insurance intermediaries segment accounted for the largest share of the market, with 21.6% and market revenue of 2.8 billion. The insurance intermediaries segment has accounted for the largest revenue in the market as they offer several benefits and travel insurance. Several travel intermediaries are also upgrading their services and making it easy for consumers to choose the services from their online portals. The use of software such as the global distribution system (GDS) enables users to make their transactions easy between service providers of the travel industry, such as car rental companies, hotels, airlines, and travel agencies.
- In 2021, the family travelers segment accounted for the largest share of the market, with 28.1% and a market revenue of 3.73 billion.
Based on end-User, the travel insurance market is categorized into family travelers, education travelers, business travelers, senior citizens, and others. In 2021, the family travelers segment accounted for the largest share of the market, with 28.1% and a market revenue of 3.73billion. The family travelers segment has accounted for the largest revenue in the market due to the increasing focus on preventing infection from one patient to another. In addition, the rising demand for travel insurance services when consumers travel with their families. A family consists of several members, including people of all ages and with various health-related issues. This increases the need for travel insurance for the family as it necessitates more improved planning and risk mitigation, resulting in better travel experiences among the family members.
Regional Segment Analysis of the Travel Insurance Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
Europe emerged as the largest market for the global travel insurance market, with a market share of around 34.7% and 4.6 billion of the market revenue in 2021.
- Europe emerged as the largest market for the global travel insurance market, with a market share of around 34.7% and 4.6 billion of the market revenue in 2021. Europe is expected to be the largest market. This is mostly due to the European region's growing demand for travel and tourism. Furthermore, the rapid economic growth in the region, coupled with increasing advantages given by travel insurance companies to frequent travelers, is expected to drive the market’s growth in the region. Mandatory rules & regulations by the European government force consumers to take up travel insurance services as a compulsory service before obtaining a VISA. In addition, the increase in tourism and the travel industry has caused several incidences with consumers, such as trip cancellations, medical emergencies, and loss of luggage & important documents, which increases the need for travel insurance in the region.
- The Asia-Pacific market is expected to grow at the fastest CAGR between 2021 and 2030, owing to the increasing demand for an increasing number of organizations promoting business travel to employees with travel insurance facilities. Furthermore, there is rapid growth in the travel and tourism sector in several countries of the Asia Pacific, such as India, Pakistan, Bangladesh, China, etc., which propel the market’s growth in the region. In addition, the increasing awareness about the benefits of travel insurance among consumers in the region is expected to propel the market’s growth during the forecast period.
Competitive Landscape
The report offers the appropriate analysis of the key organizations/companies involved within the global travel insurance market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Market Players:
- Zurich Insurance Group Ltd
- Arch Capital Group Ltd.
- Berkshire Hathaway Specialty Insurance
- China Pacific Insurance Co., Ltd.
- Chubb Limited
- Assicurazioni Generali Group
- Groupama Sigorta AS
- American International Group Inc.
- InsureandGo, HanseMerkur Insurance Group
- Ping An Insurance Company of China, Ltd.
- Seven Corners Inc. (US)
- SOMPO Holdings, Inc.
- American Express
- Travelex Insurance Services Inc.
- Allianz Partners
Key Target Audience
- Market Players
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Some of the Key Developments:
- In December 2021, Allianz Global partnered with Porter Airlines, a regional airline. The main aim of this partnership was to introduce All-Inclusive Insurance, Emergency Travel Medical Insurance, and Trip Cancellation Insurance. Additionally, Porter consumers have entry to Allianz affirm inquiry, expert support, and urgent assistance with the help of pre-trip planning.
- In July 2021, Saga plc developed key travel and insurance division developments. Spirit of Discovery, which is the first-ever multi-purpose-built cruise ship by Saga Plc, will sail with a maximum of 523 crew and 999 guests worldwide.
- In July 2021, Saga Plc launched a three-year advertising campaign for fixed-price insurance, focusing on rewarding customer loyalty and growing direct channels.
Market Segment
This study forecasts global, regional, and country revenue from 2021 to 2030. Spherical Insights has segmented the global Travel Insurance market based on the below-mentioned segments:
Global Travel Insurance Market, By Coverage Type,
- Single-Trip Travel Insurance
- Annual Multi-Trip Travel Insurance
Global Travel Insurance Market, By Distribution Channel
- Insurance Intermediaries
- Insurance Companies
- Insurance Brokers
- Insurance Aggregators
Global Travel Insurance Market, By End-User
- Senior Citizens
- Education Travelers
- Business Travelers
- Family Travelers
Global Travel Insurance Market, Regional Analysis
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of South America
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions (FAQ)
- What is the market size of the global Travel Insurance market? As per Spherical Insights, the size of the Travel Insurance market was valued at USD 13.3 Billion in 2021 to USD 99.0 Billion by 2030.
- What is the market growth rate of the global Travel Insurance market? The global Travel Insurance market is growing at a CAGR of 25% during the forecast period 2021-2030.
- Which region dominates the global Travel Insurance market? The Europe emerged as the largest market for Travel insurance.
- What is the significant driving factor for the Travel Insurance market? Increasing demand for tourism and travel will influence the market's growth.
- Which factor is limiting the growth of the Travel Insurance market? Less penetration could hamper the market growth.
- What is an opportunity for the Travel Insurance market? Technological advancements will provide considerable opportunities to the market.
- Who are the key players in the global Travel Insurance market? Who are the key players in the global Travel Insurance market?
- Who are the key players in the global Travel Insurance market? Key players of the Travel Insurance market are Allianz Partners, American Express, American International Group Inc., Arch Capital Group Ltd., Aviva PLC, Berkshire Hathaway Specialty Insurance, China Pacific Insurance Co., Ltd., Chubb Limited, Assicurazioni Generali Group, Groupama Sigorta AS, HanseMerkur Insurance Group, InsureandGo, Ping An Insurance Company of China, Ltd., Seven Corners Inc. (US), SOMPO Holdings, Inc., Travelex Insurance Services Inc., Zurich Insurance Group Ltd,
- Single User: $3550 Access to only 1 person; cannot be shared; cannot be printed
- Multi User: $5550 Access for 2 to 5 users only within same department of one company
- Enterprise User: $7550 Access to a company wide audience; includes subsidiary companies or other companies within a group of companies
Premium Report Details
15% free customization.
Share your Requirements
We Covered in Market
- 24/7 Analyst Support
- Worldwide Clients
- Tailored Insights
- Technology Evolution
- Competitive Intelligence
- Custom Research
- Syndicated Market Research
- Market Snapshot
- Market Segmentation
- Growth Dynamics
- Market Opportunities
- Regulatory Overview
- Innovation & Sustainability
Connect with us
- smartphone USA- +1 303 800 4326
- smartphone APAC- +91 9561448932
- email [email protected]
- email [email protected]
Need help to buy this report?
- Business and Finance
Travel Insurance Market
Global Travel Insurance Market Share, Report, Forecast: By Insurance Cover: Single-Trip Travel Insurance, Annual Multi-Trip Travel Insurance, Long-Stay Travel Insurance; By Distribution Channel: Insurance Intermediaries, Insurance Companies, Banks, Others; By End User; By Age Group; Regional Analysis; Competitive Landscape; 2024-2032
- Report Summary
- Table of Contents
- Pricing Detail
- Request Sample
Travel Insurance Market Outlook
The global travel insurance market size attained a value of USD 23.47 billion in 2023. The market is further expected to grow at a CAGR of 24.5% between 2024 and 2032, to reach a value of USD 168.84 billion by 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Key Trends in the Market
Travel insurance refers to a type of insurance coverage which provides protection against financial losses or expenses associated with domestic or international travelling. Depending upon coverage, travel insurance can offer financial assistance in case of ill-health, accidents, damage to personal possessions or rental vehicles, or any other kind of overhead expense. Apart from covering financial losses, travel insurance can also aid in replacing lost passports, re-booking cancelled flights, or delayed luggage, among others.
- The burgeoning tourism sector across the emerging economies, owing to the increasing affordability of flight tickets and increasing inclination of youth towards world exploration, is leading to a greater demand for travel insurance. Surge in the number of business travellers are expected to garner the market growth further.
- Rising consumer purchases of travel insurance policies to gain security against possible financial losses during travel are the key market trends. Amidst inflation and surging costs everywhere, travel insurance compensates additional medical or unexpected financial expenses which can bring peace of mind to the travellers.
Expansion of travel insurance providers with detailed offerings and custom coverage options are further escalating the travel insurance market growth . Various travel insurance policies are now available, targeted for specific travel locations, types of travel, and duration of travel, so that travellers can be fully prepared.
Travel Insurance Market Analysis
Based on insurance cover, the market is segmented into single-trip travel insurance, annual multi-trip travel insurance, and long-stay travel insurance. On the basis of distribution channel, the market is classified into insurance intermediaries, insurance companies, banks, insurance brokers, and insurance aggregators. By end user, the market is segmented into senior citizens, education travellers, business travellers, and family travellers, among others. Based on age group, the market is categorised into 1-17 years old, 18-30 years old, 31-49 years old, and above 50 years old. The regional markets for travel insurance are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global travel insurance market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- WorldTrips Travel Insurance
- Worldwide Insurance Services, LLC
- Trawick International
- International Medical Group, Inc.
- World Nomads
- Seven Corners Inc.
- Generali Global Assistance & Insurance Services
- Trailfinders Ltd.
- American Express
Travel Insurance Market Share by Insurance Cover
The single-trip travel insurance segment, based on insurance cover, accounts for a healthy share of the travel insurance market. Single-trip travel insurance offers customised coverage, security against flight-related risks, hijacking, and delays and cancellations, which caters to the travel needs of a particular trip. In addition, single-trip travel insurance is cost-effective for less-frequent travellers, provides tailored cover, and often contain no age restrictions. The increasing number of occasional tourists are likely to further augment the demand for single-trip insurance cover. Meanwhile, annual multi-trip travel insurance is expected to witness a decent growth in the forecast period, as this type of insurance provides affordable deals for multiple excursions.
Travel Insurance Market Share by End User
Based on end user, the senior citizens segment accounts for a significant portion of the market for travel insurance as due to their age, senior citizens are more susceptible to health complications while travelling and are likelier to invest in travel insurance for easier and safer travel. Unfortunate accidents can also result in greater severity of injuries. Furthermore, senior citizens have a greater chance of encountering difficulties in incidences such as lost luggage, robbery, and misplacement of travel documents, among others, which is increasing the dependence of senior citizens on travel insurance. As more senior citizens engage in travel, whether for tourism, to visit family, or any other purpose, the increasing demand for reliable travel insurance from geriatrics, to boost safety and convenience while travelling, is advancing the growth of this segment.
Competitive Landscape
WorldTrips Travel Insurance is a leading travel insurance company which provides travel medical and trip cancellation insurance plans catering to the travel needs of individuals, groups, and organisations. It is a full-service travel firm which offers a comprehensive travel portfolio of travel, medical, and trip protection insurance products. The company was founded in 1998 and is headquartered in Indiana, United States.
Trawick International is an insurance company which provides expertise in international travel medical insurance and international student health insurance. The company offers medical coverage, emergency evacuation, reunion, and travel security, among others. Travel plans provided by this company include single trip travel insurance, annual trip insurance, and cruise ship insurance. It was established in 1998 and is based out of Alabama, United States.
International Medical Group, Inc. is a renowned insurance company which is a subsidiary of White Mountains RE Holdings, Inc. The company designs, distributes, and administers insurances related to medical, life, and disability, for individual and groups. It also provides protection plans which cover baggage loss, delay, and emergency medical evacuation, among others. International Medical Group, Inc. was established in 1989 and is headquartered in Indiana, United States.
Other market players include Worldwide Insurance Services, LLC, World Nomads, Aviva PLC, Seven Corners Inc., Generali Global Assistance & Insurance Services, Trailfinders Ltd., and American Express, among others.
Key Highlights of the Report
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface 2 Report Coverage – Key Segmentation and Scope 3 Report Description 3.1 Market Definition and Outlook 3.2 Properties and Applications 3.3 Market Analysis 3.4 Key Players 4 Key Assumptions 5 Executive Summary 5.1 Overview 5.2 Key Drivers 5.3 Key Developments 5.4 Competitive Structure 5.5 Key Industrial Trends 6 Market Snapshot 6.1 Global 6.2 Regional 7 Opportunities and Challenges in the Market 8 Global Travel Insurance Market Analysis 8.1 Key Industry Highlights 8.2 Global Travel Insurance Historical Market (2018-2023) 8.3 Global Travel Insurance Market Forecast (2024-2032) 8.4 Global Travel Insurance Market by Insurance Cover 8.4.1 Single-Trip Travel Insurance 8.4.1.1 Historical Trend (2018-2023) 8.4.1.2 Forecast Trend (2024-2032) 8.4.2 Annual Multi-Trip Travel Insurance 8.4.2.1 Historical Trend (2018-2023) 8.4.2.2 Forecast Trend (2024-2032) 8.4.3 Long-Stay Travel Insurance 8.4.3.1 Historical Trend (2018-2023) 8.4.3.2 Forecast Trend (2024-2032) 8.5 Global Travel Insurance Market by Distribution Channel 8.5.1 Insurance Intermediaries 8.5.1.1 Historical Trend (2018-2023) 8.5.1.2 Forecast Trend (2024-2032) 8.5.2 Insurance Companies 8.5.2.1 Historical Trend (2018-2023) 8.5.2.2 Forecast Trend (2024-2032) 8.5.3 Banks 8.5.3.1 Historical Trend (2018-2023) 8.5.3.2 Forecast Trend (2024-2032) 8.5.4 Insurance Brokers 8.5.4.1 Historical Trend (2018-2023) 8.5.4.2 Forecast Trend (2024-2032) 8.5.5 Insurance Aggregators 8.5.5.1 Historical Trend (2018-2023) 8.5.5.2 Forecast Trend (2024-2032) 8.6 Global Travel Insurance Market by End User 8.6.1 Senior Citizens 8.6.1.1 Historical Trend (2018-2023) 8.6.1.2 Forecast Trend (2024-2032) 8.6.2 Education Travelers 8.6.2.1 Historical Trend (2018-2023) 8.6.2.2 Forecast Trend (2024-2032) 8.6.3 Business Travelers 8.6.3.1 Historical Trend (2018-2023) 8.6.3.2 Forecast Trend (2024-2032) 8.6.4 Family Travelers 8.6.4.1 Historical Trend (2018-2023) 8.6.4.2 Forecast Trend (2024-2032) 8.6.5 Others 8.7 Global Travel Insurance Market by Age Group 8.7.1 1-17 Years Old 8.7.1.1 Historical Trend (2018-2023) 8.7.1.2 Forecast Trend (2024-2032) 8.7.2 18-30 Years Old 8.7.2.1 Historical Trend (2018-2023) 8.7.2.2 Forecast Trend (2024-2032) 8.7.3 31-49 Years Old 8.7.3.1 Historical Trend (2018-2023) 8.7.3.2 Forecast Trend (2024-2032) 8.7.4 Above 50 Years Old 8.7.4.1 Historical Trend (2018-2023) 8.7.4.2 Forecast Trend (2024-2032) 8.8 Global Travel Insurance Market by Region 8.8.1 North America 8.8.1.1 Historical Trend (2018-2023) 8.8.1.2 Forecast Trend (2024-2032) 8.8.2 Europe 8.8.2.1 Historical Trend (2018-2023) 8.8.2.2 Forecast Trend (2024-2032) 8.8.3 Asia Pacific 8.8.3.1 Historical Trend (2018-2023) 8.8.3.2 Forecast Trend (2024-2032) 8.8.4 Latin America 8.8.4.1 Historical Trend (2018-2023) 8.8.4.2 Forecast Trend (2024-2032) 8.8.5 Middle East and Africa 8.8.5.1 Historical Trend (2018-2023) 8.8.5.2 Forecast Trend (2024-2032) 9 North America Travel Insurance Market Analysis 9.1 United States of America 9.1.1 Historical Trend (2018-2023) 9.1.2 Forecast Trend (2024-2032) 9.2 Canada 9.2.1 Historical Trend (2018-2023) 9.2.2 Forecast Trend (2024-2032) 10 Europe Travel Insurance Market Analysis 10.1 United Kingdom 10.1.1 Historical Trend (2018-2023) 10.1.2 Forecast Trend (2024-2032) 10.2 Germany 10.2.1 Historical Trend (2018-2023) 10.2.2 Forecast Trend (2024-2032) 10.3 France 10.3.1 Historical Trend (2018-2023) 10.3.2 Forecast Trend (2024-2032) 10.4 Italy 10.4.1 Historical Trend (2018-2023) 10.4.2 Forecast Trend (2024-2032) 10.5 Others 11 Asia Pacific Travel Insurance Market Analysis 11.1 China 11.1.1 Historical Trend (2018-2023) 11.1.2 Forecast Trend (2024-2032) 11.2 Japan 11.2.1 Historical Trend (2018-2023) 11.2.2 Forecast Trend (2024-2032) 11.3 India 11.3.1 Historical Trend (2018-2023) 11.3.2 Forecast Trend (2024-2032) 11.4 ASEAN 11.4.1 Historical Trend (2018-2023) 11.4.2 Forecast Trend (2024-2032) 11.5 Australia 11.5.1 Historical Trend (2018-2023) 11.5.2 Forecast Trend (2024-2032) 11.6 Others 12 Latin America Travel Insurance Market Analysis 12.1 Brazil 12.1.1 Historical Trend (2018-2023) 12.1.2 Forecast Trend (2024-2032) 12.2 Argentina 12.2.1 Historical Trend (2018-2023) 12.2.2 Forecast Trend (2024-2032) 12.3 Mexico 12.3.1 Historical Trend (2018-2023) 12.3.2 Forecast Trend (2024-2032) 12.4 Others 13 Middle East and Africa Travel Insurance Market Analysis 13.1 Saudi Arabia 13.1.1 Historical Trend (2018-2023) 13.1.2 Forecast Trend (2024-2032) 13.2 United Arab Emirates 13.2.1 Historical Trend (2018-2023) 13.2.2 Forecast Trend (2024-2032) 13.3 Nigeria 13.3.1 Historical Trend (2018-2023) 13.3.2 Forecast Trend (2024-2032) 13.4 South Africa 13.4.1 Historical Trend (2018-2023) 13.4.2 Forecast Trend (2024-2032) 13.5 Others 14 Market Dynamics 14.1 SWOT Analysis 14.1.1 Strengths 14.1.2 Weaknesses 14.1.3 Opportunities 14.1.4 Threats 14.2 Porter’s Five Forces Analysis 14.2.1 Supplier’s Power 14.2.2 Buyer’s Power 14.2.3 Threat of New Entrants 14.2.4 Degree of Rivalry 14.2.5 Threat of Substitutes 14.3 Key Indicators for Demand 14.4 Key Indicators for Price 15 Competitive Landscape 15.1 Market Structure 15.2 Company Profiles 15.2.1 WorldTrips Travel Insurance 15.2.1.1 Company Overview 15.2.1.2 Product Portfolio 15.2.1.3 Demographic Reach and Achievements 15.2.1.4 Certifications 15.2.2 Worldwide Insurance Services, LLC 15.2.2.1 Company Overview 15.2.2.2 Product Portfolio 15.2.2.3 Demographic Reach and Achievements 15.2.2.4 Certifications 15.2.3 Trawick International 15.2.3.1 Company Overview 15.2.3.2 Product Portfolio 15.2.3.3 Demographic Reach and Achievements 15.2.3.4 Certifications 15.2.4 International Medical Group, Inc. 15.2.4.1 Company Overview 15.2.4.2 Product Portfolio 15.2.4.3 Demographic Reach and Achievements 15.2.4.4 Certifications 15.2.5 World Nomads 15.2.5.1 Company Overview 15.2.5.2 Product Portfolio 15.2.5.3 Demographic Reach and Achievements 15.2.5.4 Certifications 15.2.6 Aviva PLC 15.2.6.1 Company Overview 15.2.6.2 Product Portfolio 15.2.6.3 Demographic Reach and Achievements 15.2.6.4 Certifications 15.2.7 Seven Corners Inc. 15.2.7.1 Company Overview 15.2.7.2 Product Portfolio 15.2.7.3 Demographic Reach and Achievements 15.2.7.4 Certifications 15.2.8 Generali Global Assistance & Insurance Services 15.2.8.1 Company Overview 15.2.8.2 Product Portfolio 15.2.8.3 Demographic Reach and Achievements 15.2.8.4 Certifications 15.2.9 Trailfinders Ltd. 15.2.9.1 Company Overview 15.2.9.2 Product Portfolio 15.2.9.3 Demographic Reach and Achievements 15.2.9.4 Certifications 15.2.10 American Express 15.2.10.1 Company Overview 15.2.10.2 Product Portfolio 15.2.10.3 Demographic Reach and Achievements 15.2.10.4 Certifications 15.2.11 Others 16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Travel Insurance Market: Key Industry Highlights, 2018 and 2032 2. Global Travel Insurance Historical Market: Breakup by Insurance Cover (USD Million), 2018-2023 3. Global Travel Insurance Market Forecast: Breakup by Insurance Cover (USD Million), 2024-2032 4. Global Travel Insurance Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023 5. Global Travel Insurance Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032 6. Global Travel Insurance Historical Market: Breakup by End User (USD Million), 2018-2023 7. Global Travel Insurance Market Forecast: Breakup by End User (USD Million), 2024-2032 8. Global Travel Insurance Historical Market: Breakup by Region (USD Million), 2018-2023 9. Global Travel Insurance Market Forecast: Breakup by Region (USD Million), 2024-2032 10. North America Travel Insurance Historical Market: Breakup by Country (USD Million), 2018-2023 11. North America Travel Insurance Market Forecast: Breakup by Country (USD Million), 2024-2032 12. Europe Travel Insurance Historical Market: Breakup by Country (USD Million), 2018-2023 13. Europe Travel Insurance Market Forecast: Breakup by Country (USD Million), 2024-2032 14. Asia Pacific Travel Insurance Historical Market: Breakup by Country (USD Million), 2018-2023 15. Asia Pacific Travel Insurance Market Forecast: Breakup by Country (USD Million), 2024-2032 16. Latin America Travel Insurance Historical Market: Breakup by Country (USD Million), 2018-2023 17. Latin America Travel Insurance Market Forecast: Breakup by Country (USD Million), 2024-2032 18. Middle East and Africa Travel Insurance Historical Market: Breakup by Country (USD Million), 2018-2023 19. Middle East and Africa Travel Insurance Market Forecast: Breakup by Country (USD Million), 2024-2032 20. Global Travel Insurance Market Structure
What was the travel insurance market value in 2023?
The market reached a value of USD 23.47 billion in 2023.
What is the growth rate of the travel insurance market?
The market is estimated to grow at a CAGR of 24.5% between 2024 and 2032.
What is the travel insurance market forecast for 2024-2032?
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 168.84 billion by 2032.
What are the major market drivers?
The burgeoning tourism sector, increasing awareness about accidents or unwanted issues while travelling, and rising number of business and geriatric travellers are the major drivers of the market.
What are the key trends of the market?
The key trends in the market include the increasing availability of custom travel insurance plans, incorporation of artificial intelligence in travel insurance support, and expansion of travel insurance providers.
What are the different insurance covers in the market?
Single-trip travel insurance, annual multi-trip travel insurance, and long-stay travel insurance are the different insurance covers in the market.
What are the major distribution channels in the market?
Insurance intermediaries, insurance companies, banks, insurance brokers, and insurance aggregators are major distribution channels in the market.
What are the various end users of travel insurance?
Senior citizens, education travellers, business travellers, and family travellers, among others, are the various end users of travel insurance.
When should travel insurance be booked?
Ideally travel insurance should be booked soon after finalising the travel details so that travellers can get better deals and coverage.
Who are the key market players, according to the travel insurance market report?
WorldTrips Travel Insurance, Worldwide Insurance Services, LLC, Trawick International, International Medical Group, Inc., World Nomads, Aviva PLC, Seven Corners Inc., Generali Global Assistance & Insurance Services, Trailfinders Ltd., and American Express, among others, are the key players in the travel insurance market, according to the report.
Purchase Options 10% off
Methodology
Request Customisation
Report Sample
Request Brochure
Ask an Analyst
( USA & Canada ) +1-415-325-5166 [email protected]
( United Kingdom ) +44-702-402-5790 [email protected]
- Selected Sections, One User
- Printing Not Allowed
- Email Delivery in PDF
- Free Limited Customisation
- Post Sales Analyst Support
- 50% Discount on Next Update
Single User License
- All Sections, One User
- One Print Allowed
Five User License
- All Sections, Five Users
- Five Prints Allowed
Corporate License
- All Sections, Unlimited Users
- Unlimited Prints Allowed
- Email Delivery in PDF + Excel
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
Stay informed with our free industry updates.
We use cookies, just to track visits to our website, we store no personal details. Privacy Policy X
Press Release
Price Forecast
- Report Store
- AMR in News
- Press Releases
- Request for Consulting
- Our Clients
Travel Insurance Market Size, Share, Competitive Landscape and Trend Analysis Report, by Insurance Cover, by Distribution Channel, by End User, by Age Group : Global Opportunity Analysis and Industry Forecast, 2023-2032
BI : Insurance
Report Code: A01285
Tables: 208
Get Sample to Email
Thank You For Your Response !
Our Executive will get back to you soon
Travel Insurance Market Research, 2032
The global travel insurance market was valued at $16.8 billion in 2022, and is projected to reach $106.8 billion by 2032, growing at a CAGR of 20.1% from 2023 to 2032.
Travel insurance is a type of insurance coverage that covers unexpected occurrences that may occur before or during a trip. It typically provides coverage for travel cancellations, interruptions, and delays, as well as medical expenses, emergency evacuation, and lost or stolen items. In addition, travel insurance can provide financial security against unanticipated incidents such as illness, natural disasters, or travel advisories. It is often recommended for international travel, where healthcare costs and other expenses can be significantly higher than usual.
Key Takeaways
By insurance cover, the single-trip travel insurance segment held the largest travel insurance market size for 2022.
By distribution channel, the insurance intermediaries segment held the largest share in the travel insurance market for 2022.
By end users, the business travelers’ segment is expected to show the fastest market growth during the forecast period.
By age group, the 18-30 years old segment is expected to show the fastest market growth during the forecast period.
Region-wise, Europe held largest market share in 2022. However, Asia-Pacific is expected to witness the highest CAGR during the forecast period.
The travel insurance market trends include, rapid growth in tourism, convenient shopping due to online comparison sites and travel rules & 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 & services and new technological developments in the travel insurance industry is expected to provide lucrative opportunities for the market growth during the forecast period.
Segment Overview
The travel insurance market outlook is segmented on the basis of insurance cover, distribution channel, end user, age group, and region. By insurance cover, it is fragmented into single-trip travel insurance, annual multi-trip travel insurance, and long-stay travel insurance. By distribution channel, the market is divided into insurance intermediaries, insurance companies, banks, insurance brokers, and insurance aggregators. By end user, it is classified into senior citizens, education travelers, business travelers, family travelers, and others. By age group, it is segregated into 1-17 years old, 18-30 years old, 31-49 years old, and above 50 years. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By Insurance Cover
On the basis of insurance cover, single-trip travel insurance segment dominated the travel insurance market share in 2022 and is expected to maintain its dominance in the upcoming years owing to its affordability, flexibility, and suitability for the evolving needs of modern travelers, coupled with the increasing awareness of the importance of travel insurance in mitigating risks associated with international travel. However, the long-stay travel insurance segment is expected to witness the highest growth, owing to growing popularity of long-term travel among digital nomads, remote workers, students, and other travelers, coupled with the increasing recognition of the need for specialized insurance coverage tailored to extended journeys and immersive experiences.
By Distribution Channel
On the basis of distribution channel, insurance intermediaries segment dominated the travel insurance market in 2022 and is expected to maintain its dominance in the upcoming years owing to its widespread network, personalized customer service, and ability to offer a wide range of insurance products tailored to individual needs. However, the insurance aggregators segment is expected to register the highest CAGR during the travel insurance market forecast period, owing to the increasing popularity of long-term travel among retirees, digital nomads, and individuals seeking extended stays abroad for work or leisure.
By End User
On the basis of end user, family travelers segment dominated the travel insurance market in 2022 and is expected to maintain its dominance in the upcoming years owing to emphasis on safety and security, the financial investment involved in family vacations, the unique needs of families traveling with children, and the growing popularity of multigenerational travel experiences. However, the business travelers segment is expected to witness the highest growth, owing to resurgence of business travel, the specific needs and priorities of corporate travelers, the flexibility and convenience of multi-trip insurance plans driving demand for comprehensive travel insurance solutions.
By Age Group
On the basis of age group, 31-49 years old segment dominated the travel insurance market in 2022 and is expected to maintain its dominance in the upcoming years owing to their financial stability, active travel behavior, increased awareness of the need for travel insurance, and the convenience of accessing and purchasing insurance products online. However, the 18-30 years old segment is expected to witness the highest growth, owing to their adventurous mindset, financial flexibility, and heightened awareness of the importance of travel insurance in safeguarding their travel experiences in an increasingly uncertain world.
Region-wise, the travel insurance market was dominated by Europe in 2022 and is expected to retain its position during the forecast period, owing to the regions well-established travel infrastructure, high travel frequency among its population, and strong awareness about the importance of travel insurance, supported by robust regulatory frameworks. However, Asia Pacific is expected to witness significant growth during the forecast period, owing to the increasing disposable incomes, rising travel expenditures, and growing awareness about the benefits of travel insurance among the region's population, which is driving the market growth.
Market Landscape and Trends
The technological trend for travel insurance market is focused on enhancing customer experience, improving operational efficiency, and mitigating risks which is driving the market growth. The integration of artificial intelligence (AI) and machine learning (ML) technologies is used to provide instant customer support through chatbots, personalize insurance offerings based on individual travel patterns, and analyse data to better understand and price risks. In addition, blockchain technology utilized to securely manage policies, process claims, and verify travel documents. Also, the mobile technology is playing a significant role, with insurers developing apps for policy management, claims filing, and real-time customer communication which provides travel insurance market opportunity.
Competitive Analysis
Competitive analysis and profiles of the major players in the travel insurance industry include American International Group, Inc., Assicurazioni Generali S.P.A., Aviva, AXA, Zurich, Just Travel Cover, PassportCard, Trailfinders Ltd., Staysure, and Insurefor.com. Major players have adopted product launch, partnership, expansion and acquisition as key developmental strategies to improve the product portfolio and gain strong foothold in the travel insurance industry.
Recent Developments in the Global Travel Insurance Industry
In September 2020, Insurefor.com has updated its policies, which is making it the first travel insurance market brand to provide cover when travelling against FCO advice whilst simultaneously protecting consumers against COVID-related issues both pre-departure and whilst abroad
In May 2022, Trip.com and AXA Partners announced a significant European expansion of new travel insurance products for German and French travellers. The two new insurance solutions provide a range of benefits such as medical, cancellation and baggage cover, which is selected while booking a flight on Trip.com. The cancellation-only ‘Basic’ insurance solution has proven especially popular in mainland Europe as travellers seek reassurance when booking their next trip and includes coverage if the trips are cancelled due to Covid. Whilst the Travel Plus medical insurance policy, made available to UK customers in September 2021, crucially protects customers for cancellation and medical costs if they contract COVID-19
In March 2024, Zurich Insurance partnered with travel and leisure e-commerce platform Klook to introduce FlyEasy coverage, which, powered by Zurich Edge platform with micro-services from Blink Parametric, aims to reduce customer stress from long flight delays at airports
In October 2023, Travel Insured International (Travel Insured), a leading travel insurance market provider, engaged Robin Assist, a tech-driven emergency travel assistance platform, to deliver responsive customer service, emergency travel and medical assistance, and claims to its insureds from any device, anytime, anywhere. The alliance provides Travel Insured’s customers with 24/7 support to help mitigate travel risk, and together with the Robin Assist team, service is available to travellers worldwide
Top Impacting Factors
Rapid growth in tourism.
The rapid growth in tourism is driving the growth of travel insurance market owing to the increase in travel volumes continue to surge, both domestically and internationally, the demand for travel insurance products has increased significantly. As the tourism sector grows, more people travel, by which increasing the chance of unexpected problems such as medical emergencies, lost luggage, airline cancellations, and natural catastrophes. The rise in travel activities increases the need for travel insurance as passengers seek financial protection against these risks. Rising demand for travel health insurance, increasing tourism for international travel, the aging population, and regulatory requirements for insurance which drive the market growth.
In addition, the surge in global travel, driven by factors such as increased disposable money, package trips, and easy internet bookings, raised traveler awareness of the significance of travel insurance. As more consumers recognize the potential inconveniences and financial losses connected with travel disasters, the demand for travel insurance market grows. For instance, a recent survey of 4,700 respondents from 11 countries around the world, conducted by the International Air Transport Association (IATA) in 2021, revealed that 57% of them were expected to be traveling within two months of the pandemic’s containment, and 72% of them are anticipated to do so as soon as they can meet friends and family.
Convenient shopping due to online comparison sites
Consumer preferences are changing and gaining seamless experience for travel insurance purchases with increase in use of internet for online comparison-shopping. Online portals such as direct airline sites and online travel agencies (OTAs) and company websites & applications which drive the growth of the online insurance market, spreading awareness among users in the market. In addition, these online sites typically offer limited options from a single company, providing travelers with the easiest way to compare and buy travel insurance coverages from top-rated providers in the market. As a result, comparison shopping through online sites is expected to fuel the growth of the travel insurance premium during the forecast period. For instance, in 2022, a study conducted by TravelInsurance.com compared different multiple travel insurance companies and projected online comparison sites to be the fastest growing sales channel for the travel insurance industry in the market.
Travel rules and regulations
Travel insurance providers in the market have adopted several model acts, strategies, and regulations to sustain in the competitive environment. For instance, in April 2022, AXA Partners, an AXA business unit, offering a wide range of solutions in assistance services, travel, and specialized insurance and credit protection, partnered with Trip.com to further expand the travel insurance product in Europe. Further, new approaches by regulatory bodies include development of prospective legislation and enforcement activity, accelerating growth of travel protection products and services in the industry.
The combination of enforcement & development of model laws drives growth of travel insurance premiums; thereby, modernizing unique nature of travel protection offerings across the industry. For instance, in the U.S., the National Association of Insurance Commissioners (NAIC) proposed a new model act to promote public welfare and a comprehensive legal framework within the travel insurance industry. In addition, the regulatory body implemented a significant step for the industry to address growth in consumer needs with standard laws and regulations. Thus, travel rules and regulations drive the travel insurance market growth.
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 Report Highlights
Analyst Review
The travel insurance market is experiencing significant growth due to the increased number of travelers and the availability of travel insurance through online vendors and intermediaries which contributed to a surge in adoption. This presents an opportunity for companies to capitalize on the growing customer base.
In addition, the partnerships and acquisitions by key players provide several opportunities for market growth. For instance, in June 2023, Blink Parametric and Newpoint's GetCover.com entered a strategic partnership to introduce a range of customized online travel insurance products. The collaboration focuses on incorporating a cutting-edge parametric flight delay solution into the travel insurance policies, catering to eligible policyholders. This innovative offering leverages real-time data to provide timely coverage and compensation in the event of flight delays. The partnership aims to enhance the overall travel insurance experience by offering tailored solutions that address the specific needs and concerns of travelers.
Furthermore, with the rise in demand for travel insurance covers, various companies have expanded their current services to continue with the rising demand. For instance, in June 2023, FijiCare launched a new travel insurance product. The comprehensive travel insurance product includes coverage for medical expenses, including hospitalization and COVID-19 coverage, the repatriation of mortal remains, accidental death, and trip curtailment.
- Travel Insurance
- Health Insurance
The travel insurance market is estimated to grow at a CAGR of 20.1% from 2023 to 2032.
The travel insurance market is projected to reach $106.8 billion by 2032.
Rapid growth in tourism, convenient shopping due to online comparison sites and travel rules and regulations majorly contribute toward the growth of the market.
The key players profiled in the report include American International Group, Inc., Assicurazioni Generali S.P.A., Aviva, AXA, Zurich, Just Travel Cover, PassportCard, Trailfinders Ltd., Staysure, and Insurefor.com.
The key growth strategies of travel insurance market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.
The forecast period for travel insurance market is 2023 to 2032.
Travel insurance is a type of insurance coverage designed to protect travelers against a range of unforeseen events and risks that can occur before or during a trip.
Loading Table Of Content...
Loading Research Methodology...
- Related Report
- Global Report
- Regional Report
- Country Report
Enter Valid Email ID
Verification code has been sent to your email ID
By continuing, you agree to Allied Market Research Terms of Use and Privacy Policy
Advantages Of Our Secure Login
Easily Track Orders, Hassel free Access, Downloads
Get Relevent Alerts and Recommendation
Wishlist, Coupons & Manage your Subscription
Have a Referral Code?
Enter Valid Referral Code
An Email Verification Code has been sent to your email address!
Please check your inbox and, if you don't find it there, also look in your junk folder.
Travel Insurance Market
Global Opportunity Analysis and Industry Forecast, 2023-2032
- Business and Finance /
- Insurance /
- Travel Insurance
Global Travel Insurance Market Size, Share & Industry Trends Analysis Report By Coverage Type, By Distribution Channel, By End User, By Regional Outlook and Forecast, 2021-2027
- Region: Global
- Marqual IT Solutions Pvt. Ltd (KBV Research)
- ID: 5590183
- Description
Table of Contents
Companies mentioned, methodology, related topics, related reports.
- Purchase Options
- Ask a Question
- Recently Viewed Products
COVID-19 Impact Analysis
Market driving factors:, expansion of the tourism industry, travel rule and regulations, marketing restraining factor:, it can be expensive, coverage type outlook, distribution channel outlook, end user outlook, regional outlook, partnerships, collaborations and agreements:.
- Feb 2022: Allianz came into a partnership with Vistara, is an Indian full-service airline. Through this partnership, the companies aimed to provide optional travel insurance to deliver security in multiple cases such as important travel delays, medical emergencies, missed connections, baggage issues, trip cancellations as well as defined interference, and many more.
- Feb 2022: Zurich Canada teamed up with Blink Parametric, a CPP Group's parametric platform. This collaboration aimed to deliver flight interruption cover to Zurich Canada shareholders. Additionally, Blink parametric service along with Zurich Canadawhich signifies travel insurance is becoming applicable and necessary for passengers.
- Jan 2022: Allianz Partners joined hands with Singapore Airlines, a global provider of insurance products and services. Through this collaboration, Singapore Airlines is expected to help Allianz to strengthen its standing in the rapidly increasing Asia Pacific market. Additionally, this collaboration aimed to provide appreciative protection products as well as travel insurance provided globally due to the increasing number of passengers on Singapore Airlines every year.
- Dec 2021: Allianz Global came into a partnership with Porter Airlines, a regional airline. Through this partnership, the companies aimed to introduced Emergency Travel Medical Insurance, All-Inclusive Insurance, and Trip Cancellation Insurance. Additionally, Porter consumers have entry to Allianz urgent assistance, affirm inquiry, and expert support with the help of pre-trip planning.
- Nov 2021: AIG Canada came into a partnership with Goose Insurance Services, an innovative insurance technology enterprise. This partnership aimed to provide AIG products through the Goose Insurance Super-App. Additionally, Canadian residents can buy AIG Canada's products for under a minute.
- Nov 2021: Zurich signed an agreement with AllClear along with InsureandGo, a travel insurance specialist. Through this agreement, Zurich is expected to capitalize AllClear and InsureandGo travel items, as well as its partner brands.
- Oct 2021: AXA Partners extended its partnership with True Traveller, an online travel insurance specialist. This partnership aimed to deliver travel insurance across the UK and European consumers as well as to achieve peace of mind through consumer through experience.
- Jul 2021: AXA signed an agreement with Club Med, French travel and tourism operator. This partnership aimed to allow consumers to enjoy vacation trips, safe and securely realizing access to travel assistance and insurance coverage if required.
- May 2021: AXA came into a partnership with Illusions, a global technology company. Through this partnership, AXA is expected to allow illusions to implant travel insurance products within its platforms and ease its consumers to expand its service suite and deliver further convenience, safety, and assurance to passengers across the world.
- Mar 2021: AXA's global Business-to-Business-to-Consumer unit AXA Partners extended its partnership with Ancileo, software as a service provider for the insurance. This partnership aimed to strengthen the AXA dominating insurance brand with the agility of a digital player, enabling it to fulfill partners' growing assumption in a post-Covid world regarding end-to-end digital combination and flexibility of the consumer travel.
- Jan 2021: Allianz Partners came into a partnership with SmartNomad, a digital travel concierge. Through this partnership, Allianz Travel Insurance is expected to provide SmartNomad consumers the assurance of travel payment is secured if any casualty occurs to cancel a trip can be covered in the policy.
- Jan 2021: Allianz Partners formed a partnership with Irish insurtech Blink, the world's leading InsurTechs. Through this partnership, the companies focused on providing cutting-edge solutions to enhance the travel insurance experience for consumers.
- May 2020: AXA formed a partnership with Accor, a global hospitality leader. This partnership aimed to deliver 5000 Accor hotels medical support to guests across the world. Additionally, this partnership is expected to allow Accor clients to be an asset from the superior level of care.
Acquisitions and Mergers:
- Nov 2021: Zurich signed an agreement to acquire Special Insurance Services, a Texas-based program manager. This acquisition aimed to expand ZAIC's complemental health insurance solutions that is expected to help enterprises and individuals better handle medical prices.
- Oct 2021: Allianz completed the acquisition of Aviva Italia S.p.A., the Italian property & casualty insurance entity of the Aviva Group. This acquisition aimed to empower Allianz S.p.A.'s 3rd rank in the Italian P&C insurance industry, growing the enterprise stock share by at least one percent.
- Jul 2021: Allianz Australia took over Westpac, a general insurance business. Through this acquisition, Allianz is expected to expand Allianz's product offering of personal insurance products such as content and home, within Westpac Group's label.
- May 2021: Allianz completed the acquisition of Jubilee, a general Insurance enterprise. Through this acquisition, Jubilee insurance's in-depth regional knowledge, large networks, and brand recognization along with the global expertise and abilities of the Allianz Group aimed to expand and widespread the insurance markets over East Africa.
Product Launches and Product Expansions:
- Sep 2021: Generali Global Assistance introduced a virtual Travel Insurance Assistant, simplifying the consumer journey and improving the experience. Through this launch, Smart Automation Initiative progress allows digital up-gradation of GGA to enable for more smooth enterprise operations as well as enhanced consumer experience.
- Mar 2021: Allianz Partner expanded its epidemic coverage to its travel insurance portfolio. This insurance focused on consumers traveled through Allianz is expected to be focused if they fell ill with COVID-19 or another epidemic is expected to be quarantined as well as to oppose to board due to illness. Additionally, Allianz insurance is expected to facilitate hotels for passengers to stay in quarantine.
- Dec 2020: AXA Insurance introduced AXA SmartTraveller, an improved travel insurance offering with COVID-19 cover. Through this launch, the company aimed to provide insurance scope for some scenarios removed from travel insurance plans since the announcement of COVID-19 as a global epidemic.
- Oct 2020: Zurich Insurance Group expanded its geographical footprints by establishing business travel products and services. This expansion includes wide insurance coverage, a bigger international servicing network, and new abilities to support passengers and threat supervisors through technology.
Scope of the Study
Market segments covered in the report:, by coverage type.
- Annual Multi-Trip
- Single-Trip
By Distribution Channel
- Insurance Intermediaries
- Insurance Companies
- Insurance Brokers
- Insurance Aggregators
By End User
- Family Travelers
- Business Travelers
- Senior Citizens
- Education Travelers
By Geography
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of companies profiled in the report:.
- Seven Corners, Inc.
- USI Insurance Services, LLC
- Assicurazioni Generali SpA
- American International Group, Inc.
- Allianz Group
- Zurich Insurance Group Ltd.
Unique Offerings from the publisher
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table Information
Travel Insurance Global Market Opportunities and Strategies to 2032
- Report
- August 2023
United States Travel Insurance Market Competition Forecast & Opportunities, 2028
- United States
Europe Travel Insurance Market
- November 2023
Travel Insurance - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)
Travel Insurance Global Market Report 2024
- February 2024
ASK A QUESTION
We request your telephone number so we can contact you in the event we have difficulty reaching you via email. We aim to respond to all questions on the same business day.
Request a Quote
YOUR ADDRESS
YOUR DETAILS
PRODUCT FORMAT
DOWNLOAD SAMPLE
Please fill in the information below to download the requested sample.
Travel Insurance Market Size, Share & Trends Analysis Report 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 Age Group (1-17 Years Old, 18-30 Years Old, 31-49 Years Old, Above 50), By End User (Senior Citizens, Education Travelers, Business Travelers, Family Travelers, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2024-2032
Market Dynamics
Regional analysis.
- Report Scope
Segmental Analysis
Impact of covid-19.
- Key Players
- Recent Development
- Report Overview
- Table of Content
- Segmentation
Download Free Sample
Market overview.
The global travel insurance market was valued at USD 25.45 billion in 2023. It is expected to reach USD 54.36 billion in 203 2, growing at a CAGR of 8.8% ove r the forecast period (2024-32). The rise in global tourism, fueled by higher disposable incomes, cheaper travel options, and greater connectivity, significantly boosts the demand for travel insurance. As more people travel for leisure, business, or education, the need for comprehensive travel insurance policies grows.
An insurance product called travel insurance is made to cover unforeseen circumstances that may arise while on the road, whether domestically or abroad. It typically offers coverages for unexpected medical costs, trip cancellation, aircraft delays, lost luggage, public liability, and other costs to reduce risks while traveling. Additionally, based on coverages, travel insurance providers offer a variety of plans by paying for expenses and losses related to travel. Additionally, several intermediaries in the supply chain, including insurance aggregators, banks, and brokers, give customers various options to evaluate goods and pricing and recommend appropriate insurance policies. Additionally, visitors visiting nations like Thailand, Cuba, Antarctica, Schengen nations, the United States, and the United Arab Emirates must purchase international travel insurance.
Online travel insurance sales through direct airline websites, online travel agents (OTAs), and company websites and applications are becoming increasingly popular. This is fueling the expansion of the online travel insurance sector . Additional market expansion factors include increased tourism by rising disposable income, simple internet travel bookings, package vacations, extended holiday coverage, etc. A surge in tourism brings about several incidents, including trip cancellations, luggage, critical document losses, medical emergencies, and others. Customers choose travel insurance to reduce these risks, a crucial element driving the market for travel insurance.
Market Driving Factors
Convenient shopping due to online comparison sites.
With increased internet usage for online comparison shopping, consumer preferences are changing and gaining a seamless experience for travel insurance purchases. Online portals such as direct airline sites, online travel agencies (OTAs), and company websites & applications drive the growth of the online insurance market, spreading awareness among users in the market. In addition, these online sites typically offer limited options from a single company, providing travelers with the easiest way to compare and buy travel insurance coverages from top-rated providers in the market. As a result, these factors behind comparison-shopping via online sites fuel the growth of the travel insurance premium during the forecast period.
For example, in 2019, a study conducted by TravelInsurance.com offered a way to compare multiple travel insurance companies and projected that online comparison sites to be the fastest growing sales channel for the travel insurance industry in the market.
Travel Rule and Regulations
Travel insurance providers in the market are adopting several model acts, laws & regulations to sustain the competitive environment. The new approaches by regulatory bodies include the development of prospective legislation and enforcement activity, accelerating the growth of travel protection products and services in the industry. The combination of enforcement & development of model laws drives the growth of travel insurance premiums; thereby, modernizing the unique nature of travel protection offerings across the industry. For instance, in the U.S., the National Association of Insurance Commissioners (NAIC) has proposed a new model act to promote public welfare and a comprehensive legal framework within the travel insurance industry. In addition, the regulatory body implemented a significant step for the industry to address growing consumer needs with standard laws and regulations.
Market Restraining Factors
Lack of awareness regarding travel insurance policy.
Lack of understanding and awareness regarding travel insurance coverages is a significant factor that restrains the growth of the travel insurance market. The consumers' experiences and adoption of travel insurance remain a primary concern, which needs to be addressed by eliminating knowledge gaps for travel insurance in the market. A survey conducted, in 2018, by TravelInsurance.com projected that 47% of the respondents were unaware of health insurance coverages included in the policy. In addition, misguidance toward premium rates, coverage provided, the value proposition of travel insurance, and the benefits it provides. As a result, these factors limit the market's growth of travel insurance premiums.
Market Key Opportunities
New technological developments in the travel insurance industry.
Growing market prospects for insurers are being created by technologies, including geolocation, application program interfaces (API), artificial intelligence (A.I.), data analytics, blockchain, and big data. With these advancements in technology, distribution channels for travel insurance should operate more efficiently and offer coverages at the point of sale.
Additionally, travel insurance companies may provide their clients with highly customized user experiences thanks to digital transformation. Further, to maintain market position, insurers are considering the use of big data analytics that offer possibilities of generating significant premiums.
In addition, technology helps in data collection, caters to customer-specific needs, calculates risk, and detects fraud. As a result, technology improvements that make travel insurance easy to get and convenient are predicted to generate profitable market prospects for insurers.
Region-wise, the global travel insurance market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Asia-Pacific was the highest revenue contributor and is estimated to grow at a CAGR of 11.3%. It is considered the fastest growing region globally because of its emerging economies, growing population, and middle-income segment. The travel insurance market is particularly brisk in countries such as China, Japan, India, Indonesia, Korea, Australia, Hong Kong, Taiwan, New Zealand, and Singapore, with high G.D.P. growth and a rise in per capita income. Further, users such as senior citizens and baby boomers are opting for insurance intermediaries, owing to the long-term relationship and trust associated with travel insurance purchases. Insurance intermediaries provide better services and an understanding of the travel insurance policies in the market. In addition, nearly two-thirds of travel insurance policies sold in this region are carried out by traditional travel agencies and suppliers. Moreover, single-trip policies are popular policies among travelers in the region. The insurance intermediaries are the prime distribution channel for selling travel insurance policies in Asia-Pacific. Stringent laws and regulations regarding data protection in the travel insurance industry fuel the region's demand for the travel insurance market.
Europe is the second largest region. It is estimated to reach an expected value of USD 12145 million by 2030, registering a CAGR of 6.4%. The rise in the number of senior citizen travelers taking abroad and domestic trips and the increase in business travel spending are some of the factors that fuel the growth of the European travel insurance market. Furthermore, the increase in the trend of multigenerational travel also drives the growth of the travel insurance market in the region. In Europe, single-trip policies occupy the most significant travel insurance market share.
Additionally, the rise in business travelers and senior citizens is expected to boost the market sales of annual and long-stay travel insurance policies. Further, the majority of policies across Europe are sold through insurance intermediaries; therefore, this segment is expected to grow during the forecast period. For instance, Allianz Partners, which owns Allianz Global Assistance U.S., projected that 15 of the 26 Schengen nations currently require mandatory travel insurance for visitors, students, and ex-pats. These end users are creating profitable opportunities for travel insurance providers in the region.
North America is the third largest region. In North America, trip cancellation/interruption is the most popular policy and is expected to remain the same during the forecast period. In addition, the sale of travel medical insurance and evacuation insurance plans has witnessed a steady demand in the market. Senior citizens, family travelers, and backpackers are the significant buyers of travel insurance in this region, and most of the policies are sold via travel intermediaries. These industries are creating lucrative opportunities for insurance providers in the region. For instance, in 2018, a study by the U.S. Travel Insurance Association projected that consumers spent nearly $3,800 million on travel protection via a travel insurance policy.
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports
The global international travel insurance market is divided into insurance cover, end users, distribution channels, and regions.
In terms of insurance cover, the global travel insurance market is segmented into single-trip travel insurance, annual multi-trip travel insurance, and long-stay travel insurance. The single-trip travel insurance segment was the highest contributor to the market and is estimated to grow at a CAGR of 7.8% during the forecast period. Single-trip policies are popular travel insurance policies across all regions. However, Asia-Pacific witnessed higher demand for single-trip travel insurance policies, owing to an increase in the number of multi-generation travelers such as grandparents, parents, and grandchildren.
The annual multi-trip travel insurance segment is the fastest growing. Business travelers tend to travel multiple times within a year. An annual multi-trip policy is best suited for these users, and its demand is expected to grow at the highest rate during the forecast period. In addition, an increase in business travelers in the Asia-Pacific region provides a promising opportunity for travel insurance providers in the market.
Based on distribution channels, the global travel insurance market is classified into insurance intermediaries, insurance companies, banks, insurance brokers, and insurance aggregators. The insurance intermediaries segment was the highest contributor to the market and is estimated at a CAGR of 7.9% during the forecast period. Insurance intermediaries are upgrading their businesses by incorporating software like the global distribution system (G.D.S.), which enables transactions between travel industry service providers such as airlines, hotels, car rental companies, and travel agencies. This software becoming a significant trend helps in determining customer behavior & increased purchases for travel insurance policies in the market.
The insurance aggregators segment is the fastest growing. Consumer buying behavior, insurers' participation in aggregator services, and an increase in travel and tourism are becoming significant trends in the market. For instance, a study conducted by Accenture projected that 83% and 60% of insurers in the U.K. and the U.S. are launching their aggregator sites for travel insurance. Furthermore, marketing expenditure by existing insurers for providing online travel insurance services boosts the segment's growth. Conversely, educating customers, assessing their product needs, and serving the right product via online portals are expected to create lucrative opportunities for insurance aggregators in the upcoming years.
Based on end-user users, the global travel insurance market is segmented into senior citizens, education travelers, business travelers, family travelers, and others. The family travelers segment was the highest contributor to the market and is estimated to grow at a CAGR of 7.1% during the forecast period. The rise in multigenerational travel trends among families is expected to increase the demand for travel insurance policies. In addition, the travel market no longer refers to the notion of a nuclear family. Instead, it defines "family" as a combination of four or more adults. This has become another growing trend in family travelers in the market. Moreover, due to the increase in adventure travel packages, families travel with children above 18. The young generation of travel influencers is growing rapidly, thereby boosting the segment's growth. On the contrary, healthier and more affluent grandparents have supplemented this growth with luxury travel, entertainment, and get-togethers among family members residing in different countries is the essential purpose of travel. Therefore, these factors provide lucrative opportunities for travel insurance providers in the upcoming years.
The business travelers segment is the fastest growing. A growing network of co-working and remote workers are rapidly integrating into the corporate travel booking ecosystem. This growing demand for corporate travel experience, including booking, expenses, customized travel insurance policies, trip management, and others, is becoming a significant trend in the market. Moreover, "Bleisure," a combination of business and leisure travel, is one of the biggest travel trends, which fuels t demand for travel insurance premiums in the market. With these increases in business travel spending, international business transactions have increased penetration of travel insurance among business travelers, dynamically targeting these travelers based on both sets of interests. Conversely, travel insurance providers can create corporate travel insurance plans with an option to extend coverage by leisure activities and respond to various factors such as health, safety, political or social change, security, natural disasters, and others. These factors create immense potential for insurers in the upcoming years. For instance, developing county, such as India, is expected to witness rapid growth in business travelers, owing to increased expansion in overseas businesses in the market.
Market Size By Insurance Cover
- Single-trip Travel Insurance
- Annual Multi-trip Travel Insurance
- Long-Stay Travel Insurance
The automotive industry is critical to the economy's growth. However, during the second and third quarters of 2020, the COVID-19 outbreak impacted the whole automotive supply chain, affecting new car sales in FY 2020.
South America is most affected by COVID-19, with Brazil leading the way, followed by Ecuador, Chile, Peru, and Argentina. South America's government (SAM) has taken a number of steps to protect its citizens and stem the spread of COVID-19. South America is expected to have fewer export revenues as commodity prices fall and export volumes fall, particularly to China, Europe, and the United States, which are all significant trading partners. The manufacturing industry, especially automotive manufacturing, has been damaged by containment measures in various South American countries. Due to the pandemic, major automotive manufacturers have also temporarily halted manufacturing in the region as a cost-cutting move. Furthermore, the automobile disc brake industry has been significantly affected in 2020 due to a lack of raw materials and supply chain disruption.
The Automotive Brake System control module of a vehicle is meant to alert the driver with a warning light if the system fails. The module itself is rarely defective; instead, the sensors or the wiring to the sensors are frequently defective. The most typical cause of dysfunction is when the Automotive Brake System is contaminated with particles or metal shavings. There is no signal continuity when sensor wiring is destroyed. Brake fluid becomes contaminated in corrosive situations, and the hydraulic unit fails to function.
List of key players in Travel Insurance Market
- Allianz Group
- American International Group Inc.
- Assicurazioni Generali S.P.A.
- Insure and Go Insurance Services Limited
- Seven Corners Inc.
- Travel Insured International
- TravelSafe Insurance
- S.I. Insurance Services and Zurich Insurance Co. Limited
Travel Insurance Market Share of Key Players
Recent Developments
- June 2024 - An exclusive insurance collaboration between AXA Hong Kong and Macau and HK Express Airways was launched with a ceremony. Through this partnership, HK Express clients will be able to get personalized protection and a streamlined travel insurance process.
- March 2024 - TATA AIG General Insurance, which is responsible for nearly one-third of the country's overseas travel insurance premium, introduced 'Travel Guard Plus,’ a travel insurance plan that offers coverage for up to one year across multiple or single journeys. In order to improve the convenience of travelers, optional assistance services, including Lost Passport monitoring, Baggage tracking, and Care at Home, have been implemented.
Travel Insurance Market Segmentations
By insurance cover (2020-2032), by distribution channel (2020-2032).
- Insurance Intermediaries
- Insurance Companies
- Insurance Brokers
- Insurance Aggregators
By Age Group (2020-2032)
- 1-17 Years Old
- 18-30 Years Old
- 31-49 Years Old
By End User (2020-2032)
- Senior Citizens
- Education Travelers
- Business Travelers
- Family Travelers
Frequently Asked Questions (FAQs)
Sample details.
- You will receive a link to download the sample pages on your email immediately after filling out a form
- A sample report will help you understand the structure of our full report
- The sample shared will be for our off-the-shelf market report
- The off-the-shelf report is curated considering a broader audience for this market, we have insights extending well beyond the scope of this report. Please reach out to discuss
- Should the sample pages not contain the specific information you seek, we extend the option to request additional details, which our dedicated team will incorporate.
- The sample is free of cost, while the full report is available for a fee.
Custom Scope
Connect with our analyst, we are featured on :.
- Terms & Conditions
- Privacy Policy
- Return Policy
Travel Insurance Market
Travel insurance market report by insurance type (single trip travel insurance, annual multi-trip insurance, long-stay travel insurance), coverage (medical expenses, trip cancellation, trip delay, property damage, and others), distribution channel (insurance intermediaries, banks, insurance companies, insurance aggregators, insurance brokers, and others), end user (senior citizens, education travelers, business travelers, family travelers, and others), and region 2024-2032.
- Report Description
- Table of Contents
- Methodology
- Request Sample
Travel Insurance Market Overview:
The global travel insurance market size reached US$ 17.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 47.1 Billion by 2032, exhibiting a growth rate (CAGR) of 11% during 2024-2032. There are various factors that are driving the market, which include the rising focus on enhanced convenience during purchasing, managing, and utilizing services, favorable government initiatives, and increasing demand for personalized and customized traveling solutions.
Travel Insurance Market Analysis:
- Major Market Drivers: One of the key market drivers include the rising number of international travelers. Moreover, there is an increase in the utilization of digital platforms, which is acting as another growth-inducing factor.
- Key Market Trends: The rising focus on enhanced convenience and favorable government initiatives are main trends in the market.
- Geographical Trends: North America exhibits a clear dominance, accounting for the biggest market share owing to the high number of frequent travelers.
- Competitive Landscape: Major market players in the travel insurance industry are Allianz SE, American Express Company, American International Group, AXA SA, Berkshire Hathaway Specialty Insurance Company, Generali Group, Insure & Go Insurance Services (Mapfre S.A.), Seven Corners Inc., Travel Insured International Inc. (Crum & Forster), USI Affinity (USI Insurance Services), Zurich Insurance Group AG., among many others.
- Challenges and Opportunities: Regulatory and compliance issues represent a key market challenge. Nonetheless, the increasing focus on value-added services, coupled with the integration of insurance into corporate wellness, is projected to overcome these challenges and provide market opportunities.
Travel Insurance Market Trends:
Rising Focus on Enhanced Convenience
The increasing focus on improved convenience in terms of purchasing, managing, and utilizing travel insurance is propelling the market growth. Insurance companies are offering online platforms and mobile apps that allow individuals to purchase policies, file claims, and manage their coverage anytime and anywhere. People can easily compare different policies and get instant quotes, enabling informed decision-making with minimal hassle. In addition, many insurers are offering multilingual support to assist travelers in their preferred language, which is offering a favorable travel insurance market outlook. Furthermore, there is a rise in the demand for digital claims filing procedures as they minimize paperwork, speed up claim decisions, and improve user satisfaction. Major competitors in the market are launching different insurance packages to give individuals enhanced convenience. For instance, the 'Travel Guard Plus' travel insurance plan was introduced by TATA AIG General Insurance on March 18, 2024. It offers coverage for up to one year through numerous or single journeys. Optional assistance services, such as Care at Home, Baggage tracking, and Lost Passport tracking are added to enhance convenience for travelers.
Favorable Government Initiatives
Governing agencies of various countries are implementing regulations to standardize travel insurance policies, ensuring that they meet minimum coverage requirements and provide adequate protection for individuals, which is propelling the travel insurance market growth. They are mandating travel insurance for entry, especially for international travelers. By doing this, travelers are guaranteed covering for unanticipated circumstances, medical crises, and repatriation. Governing authorities are mandating proof of travel insurance to individuals when applying for visas in order to maintain transparency and reduce fraud. For example, on 1 January 2023, India's Insurance Regulatory and Development Authority (IRDAI) mandated Know Your Customer (KYC) verification for all motor insurance users. Aadhaar-based KYC, digital KYC, video KYC, and central KYC (CKYC) are all acceptable forms of verifying an individual’s identity. Not just motor insurance but new health, travel, and home insurance policies also require KYC documents, regardless of the policy's premium. It aims to detect and reduce the insurance-related impact, like crimes such as money laundering.
Increasing Demand for Personalized Traveling Solutions
The rising focus on personalized traveling solutions among individuals is catalyzing the travel insurance demand. Insurance that fits individual travel plans is what customers are looking for, whether they are going on an adventure, a luxury vacation, a business trip, or a family vacation. Insurers are offering policies that address these specific demands. In order to avoid being under- or overinsured, travelers can select coverage limits based on their risk tolerance and trip budget. Travelers can also add or subtract coverage components such trip cancellation, baggage loss, or medical crises, from insurers' modular plans according to their specific needs. Apart from this, companies are allowing travelers to modify their coverage in real time through digital platforms or mobile apps in order to increase their travel insurance market revenue. For instance, on 7 August 2024, Gigasure, an insurtech platform, announced its official launch with travel, backpackers, and car hire excess insurance. Travelers can utilize the platform to personalize their insurance policies and meet their unique demands while on the road. Gigasure policyholders can add or remove advantages using the app as per their demands and financial constraints. The platform also offers real time assistance for flight and baggage delays and on-demand customization. Gigasure provides new features, flexibility, and seamless claims through the app, giving individuals complete control over their insurance.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
To get more information about of this market, Request Sample
Travel Insurance Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on insurance type, coverage, distribution channel, and end user.
Breakup by Insurance Type:
To get more information about this market, Request Sample
- Single-Trip Travel Insurance
- Annual Multi-Trip Insurance
- Long-Stay Travel Insurance
Annual multi-trip insurance accounts for the majority of the market share
The report has provided a detailed breakup and analysis of the market based on the insurance type. This includes single-trip travel insurance, annual multi-trip insurance, and long-stay travel insurance. According to the report, annual multi-trip insurance represented the largest segment.
Annual multi-trip insurance offers a cost-effective solution for frequent travelers who take multiple trips throughout the year. Instead of purchasing separate policies for each trip, travelers can save money with a single annual policy. This type of insurance allows travelers to purchase insurance once a year and eliminates the need to arrange coverage for each individual trip. Furthermore, managing a single annual policy is simpler and less time-consuming than handling multiple policies for various trips, which is leading to a positive travel insurance market forecast.
Breakup by Coverage:
- Medical Expenses
- Trip Cancellation
- Property Damage
- Others
Medical expenses hold the largest share of the industry
A detailed breakup and analysis of the market based on the coverage have also been provided in the report. This includes medical expenses, trip cancellation, trip delay, property damage, and others. According to the report, medical expenses account for the largest market share.
Travelers can avoid paying large out-of-pocket costs by purchasing travel insurance, which covers medical expenses. While traveling, there is a chance of getting sick or having an accident, therefore having insurance is necessary to deal with unanticipated medical needs. The market is expanding as people are becoming more conscious of the possible health concerns associated with travel. Travel insurance companies are covering medical expenses in their coverage to provide improved convenience to individuals.
Breakup by Distribution Channel:
- Insurance Intermediaries
- Insurance Companies
- Insurance Aggregators
- Insurance Brokers
Insurance intermediaries represent the leading market segment
The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes insurance intermediaries, banks, insurance companies, insurance aggregators, insurance brokers, and others. According to the report, insurance intermediaries represent the largest segment.
Insurance intermediaries such as travel agents and brokers provide personalized advice and recommendations based on the specific needs and preferences of travelers. They help individuals navigate the complexities of different travel insurance policies, ensuring they choose the most suitable coverage. Intermediaries often have extensive networks and partnerships with multiple insurance providers, giving them access to a wide range of products and options.
Breakup by End User:
- Senior Citizens
- Education Travelers
- Business Travelers
- Family Travelers
Family travelers exhibit a clear dominance in the market
A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes senior citizens, education travelers, business travelers, family travelers, and others. According to the report, family travelers account for the largest market share.
Family travelers are seeking coverage that includes medical emergencies, trip cancellations, lost luggage, and other potential risks, ensuring peace of mind for all members. Families tend to travel frequently, whether for holidays, reunions, or educational trips, increasing the demand for travel insurance. Travel insurance providers usually offer group discounts for family policies, making it more economical for families to insure their trips.
Breakup by Region:
To get more information on the regional analysis of this market, Request Sample
United States
- South Korea
United Kingdom
- Middle East and Africa
North America leads the market, accounting for the largest travel insurance market share
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America represents the largest regional market for travel insurance.
North America has a high number of frequent travelers, both domestically and internationally. The region’s residents often travel for leisure, business, and educational purposes, driving demand for travel insurance. In addition, North America has a well-developed insurance industry with a wide range of travel insurance products and services tailored to meet the diverse needs of travelers. Top players in the region are engaging in partnerships, collaborations, and mergers and acquisitions (M&As) to expand their market reach. For instance, on 26 June 2024, Zurich Insurance Group (Zurich) announced an agreement to acquire AIG’s global personal travel insurance and assistance business (AIG Travel) for US$ 600 million, plus a potential additional earn-out payment. The business will be combined with Zurich’s travel insurance provider Cover-More Group (Cover-More) and will expand its footprint in the United States. The acquisition gives Zurich access to a new global retail consumer base and makes it a leading travel insurer worldwide.
Competitive Landscape:
- The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the travel insurance industry include Allianz SE, American Express Company, American International Group, AXA SA, Berkshire Hathaway Specialty Insurance Company, Generali Group, Insure & Go Insurance Services (Mapfre S.A.), Seven Corners Inc., Travel Insured International Inc. (Crum & Forster), USI Affinity (USI Insurance Services), and Zurich Insurance Group AG. (Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
- Key players in the market are developing specialized policies, integrating digital platforms, expanding product portfolio, and engaging in partnerships with other firms. All of these are providing travel insurance market recent opportunities. Companies are investing in digital platforms and mobile apps that allow individuals to purchase, manage, and claim travel insurance easily and conveniently. They are focusing on offering round-the-clock client support to assist travelers with emergencies, claims, and other inquiries. Moreover, they are partnering with travel agencies, airlines, and online travel booking platforms to offer comprehensive travel insurance products. Furthermore, companies are expanding their market reach by undertaking many initiatives. For example, on 4 May 2023, Travel insurance aggregator InsureMyTrip expanded its product offerings in Canada. Traveling Canadians and visitors to the country can now go online to InsureMyTrip.ca to quote, compare, and purchase travel insurance.
Travel Insurance Market Recent Developments:
- 21 March 2024: Zurich Insurance partnered with travel and leisure e-commerce platform Klook to introduce FlyEasy coverage, which, powered by Zurich Edge platform with micro-services from Blink Parametric, aims to reduce stress among individuals from long flight delays at airports. FlyEasy offers travelers real time complimentary lounge access that is available through Blink Parametric’s association with DragonPass network in any airport around the world whenever their flights are delayed by more than two hours with no claims filing or application processing required.
- 23 October 2023: Travel Insured International (Travel Insured), a leading travel insurance provider, engaged Robin Assist, a tech-driven emergency travel assistance platform, to deliver responsive user service, emergency travel and medical assistance, and claims to its insureds from any device, anytime, anywhere. The alliance provides Travel Insured’s individuals mitigate travel risk.
- On 17 June 2024: AXA Hong Kong and Macau (AXA) and HK Express Airways (HK Express) announced an exclusive insurance partnership agreement. AXA is committed to offering HK Express customers a fast, simple, and convenient travel insurance experience while providing tailored protection for mass travelers.
Travel Insurance Market Report Scope:
Key benefits for stakeholders:.
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the global market.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the travel insurance industry and its attractiveness.
- The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.
Key Questions Answered in This Report
The global travel insurance market was valued at US$ 17.9 Billion in 2023.
We expect the global travel insurance market to exhibit a CAGR of 11% during 2024-2032.
The growing availability of booking holiday packages online, along with the rising demand for travel insurance to protect tourists from financial risks, is primarily driving the global travel insurance market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of the stringent lockdown regulations across several nations, resulting in the temporary intra-and inter-national travel restrictions, thereby limiting the demand for travel insurance.
Based on the insurance type, the global travel insurance market has been segmented into single-trip travel insurance, annual multi-trip insurance, and long-stay travel insurance. Currently, annual multi-trip insurance holds the majority of the total market share.
Based on the coverage, the global travel insurance market can be divided into medical expenses, trip cancellation, trip delay, property damage, and others. Among these, medical expenses coverage exhibits a clear dominance in the market.
Based on the distribution channel, the global travel insurance market has been categorized into insurance intermediaries, banks, insurance companies, insurance aggregators, insurance brokers, and others. Currently, insurance intermediaries account for the majority of the global market share.
Based on the end user, the global travel insurance market can be segregated into senior citizens, education travelers, business travelers, family travelers, and others. Among these, family travelers currently hold the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global travel insurance market include Allianz SE, American Express Company, American International Group, AXA SA, Berkshire Hathaway Specialty Insurance Company, Generali Group, Insure & Go Insurance Services (Mapfre S.A.), Seven Corners Inc., Travel Insured International Inc. (Crum & Forster), USI Affinity (USI Insurance Services), and Zurich Insurance Group AG.
India Dairy Market Report Snapshots Source:
Statistics for the 2022 India Dairy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports.
- India Dairy Market Size Source
- --> India Dairy Market Share Source
- India Dairy Market Trends Source
- India Dairy Companies Source
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
Purchase options
Benefits of Customization
Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-714-6104
Email: [email protected]
Client Testimonials
IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.
We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.
My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.
IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.
- Market Entry and Opportunity Assessment
- Competitive Intelligence and Benchmarking
- Procurement Research
- Pricing and Cost Research
- Regulatory Approvals, and Licensing
- Factory Setup
- Factory Auditing
- Company Incorporation
- Incubation Services
- Recruitment Services
- Marketing and Sales
- Primary Research
- Quantitative Research
- Qualitative Research
- Sourcing Partner Identification
- Distribution Partner Identification
- Contract Manufacturer Identification
- Epidemiology Intelligence
- Asset and Indication Priortiztion
- Healthcare Competitive Intelligence
- R&D Analysis
- Patient and Prescriber Insights
- Regulatory Analysis
- Report Store
Quick Links
- Press Releases
- Case Studies
- Our Customers
- Become a Publisher
134 N 4th St. Brooklyn, NY 11249, USA
+1-631-791-1145
Level II & III, B-70, Sector 2, Noida, Uttar Pradesh 201301, India
+91-120-433-0800
30 Churchill Place London E14 5EU, UK
+44-753-714-6104
Level II & III, B-70 , Sector 2, Noida, Uttar Pradesh 201301, India
+44-20-8040-3201
We use cookies, including third-party, for better services. See our Privacy Policy for more. I ACCEPT X
- Global Travel Insurance Market
Global Travel Insurance Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type Of Insurance Plan (Trip Cancellation Insurance, Baggage Or Personal Item Loss Insurance, Medical Insurance, Others), By Application (Domestic, International), By Type Of Travel (Business, Leisure, Education), And By Geography - Forecasts From 2022 To 2027
- Published : Aug 2022
- Report Code : KSI061613509
- Pages : 145
- Description
- Table Of Contents
- Companies Profiled
Offered with this report
Market Data and Estimates in Excel
2 Months of Post Sale Analyst Support
Requirement Specific Customization
The travel insurance market is projected to grow at a CAGR of 8.22% during the forecast period to reach US$51.683 billion by 2027, from US$29.793 billion in 2020.
Introduction
Travel insurance is a protection policy for tourists and travellers covering unforeseen losses and damages while travelling. Most travel insurance plans usually primarily cover emergency medical bills while traveling abroad. However, comprehensive policies usually include trip cancellation, lost luggage, aircraft delays, public liability, as well as other costs. Travel insurance policies are usually available for both international tourists as well as domestic travellers.
Market Trend:
The global travel insurance market is expected to rise substantially as countries have started to relax lockdowns and COVID-19 measures. The COVID-19 outbreak led to a significant slowdown in the travel insurance market, owing to the decrease in travel and tourism. However, the market has seen an increase in revenge spending among people post-pandemic, where consumers spend more money on products and services than they normally would. Revenge spending has affected the overall economic growth of countries positively and is expected to drive the tourism sector and the travel insurance market.
However, developing countries still lag in the travel insurance market, primarily due to the rising cost of travel insurance policies. Unless strict measures are implemented for market prices, developing countries will continue to lag behind.
Growth Factors
- Increase in travel after the pandemic
Owing to the COVID-19 outbreak and the government-imposed lockdowns, the travel industry saw a massive decline in the market. However, the global tourism sector has been recovering past the pandemic, and the tourism sector is expected to see a considerable increase in revenue generation. The increase in revenge spending among people has been considered an essential factor in increasing tourism revenue.
In January 2022, international tourism continued to improve, with a substantially higher performance than in the first half of 2021. Global foreign tourist visits more than doubled (+130 percent) in January 2022 compared to January 2021, according to the UNWTO; the 18 million additional visitors reported in the first month of this year match the overall rise for the entire year of 2021.
- Higher education market to augment the growth
With the increasing higher education market, the travel insurance demand is also expected to increase post the virus outbreak. Students and parents, mostly from developing countries, have realized the potential for students to receive proper education in countries with developed educational environments. While most countries do not require travel insurance, some countries, like Germany, require mandatory travel insurance for students to acquire a Schengen visa. Travel agents also recommend getting travel insurance for countries that do not have public healthcare services, like the USA and China.
- Advancements in the sector
With the growing adoption of smartphones and handheld devices, travel bookings and insurance policies have become more accessible for the common people. Travel agency websites and services have made it easier for consumers to book, transact and cancel tickets and bookings. Travel websites also offer rewards for domestic and international travellers throughout the year.
- The International Medical Group (IMG) has been honoured with two Forbes Advisor Best of 2022 Awards categories: Best Travel Insurance Companies of 2022 and Best Cancel for Any Reason Travel Insurance of 2022. IMG was recognized as one of the best travel insurance companies among 45 other competitors.
- In April 2022, AXA UK Plc, an AXA business entity that provides a wide range of travel services, specialized insurance, and credit protection products, announced its plan to partner up with Trip.com to extend travel insurance policies throughout Europe. The travel insurance plan, offered in the UK in September 2021, provides a wide range of advantages, including medical, cancellation, and luggage coverage, and may be selected when booking a ticket on Trip.com, a worldwide travel agency and part of the Trip.com Group. Customers are also protected from cancellation and medical charges if they contract COVID-19 under the coverage. Europe remains one of the biggest markets for the travel insurance industry, and joint efforts like these help uplift the sector.
- In May 2022, IMG announced the launch of iTravelInsured Essential, which was the company’s most affordable travel protection policy, that enables travellers to safeguard their pre-paid, non-refundable trip expenditures with the most essential travel insurance protections, such as U.S. citizens travelling within the U.S.
- In April 2022, a new travel insurance program named Road Trip Insure was introduced by USI Affinity's Travel Insurance Services. The new Road Trip Insure plan is specifically designed to meet the expanding needs of U.S. citizens travelling domestically or internationally by vehicle, including recreational vehicles. It includes travel insurance that is underwritten by the United States Fire Insurance Company, a member of the Crum & Forster group of companies.
- In March 2022, The travel insurance firm of USI Affinity, USI Affinity Travel Insurance Services, was listed on Forbes Advisor's annual list of the Best Travel Insurance Companies for the third consecutive year. It received the ranking due to its excellent policy features and accessible coverage choices to travellers.
- Lack of focus on developing countries
Travel insurance has become an important asset for travellers around the world. Some countries have even made travel insurance mandatory for international tourists. However, despite the significant potential of travel insurance, it is still a secondary choice for travellers from developing or small countries. Owing to its non-economical and expensive pricing, travel insurance is considered to be unnecessary by developing countries.
Moreover, the economic growth in these developing nations is usually slower than in other countries, owing to the COVID-19 pandemic and the global market scenario. The United Nations Conference on Trade and Development (UNCTAD) has lowered its prediction for global economic growth in 2022 from 3.6 percent to 2.6 percent, warning that developing nations will be the most susceptible. This fall in the economic growth of developing nations would consequently decrease the scope of the travel industry, as well as the travel insurance market.
The fall in tourism has also affected the regional economy
According to data from the UNWTO, the number of foreign visitor arrivals decreased by 84% between March and December 2020 compared to the previous year. Europe, one of the biggest markets for the travel insurance market, also faced massive losses due to the pandemic. According to the data released by the TRAN Committee, the impact of travel and tourism on overall GDP in Europe fell from 9.5 percent in 2019 to 4.9 percent in 2020. In 2020, international tourism arrivals in Europe fell by 70% compared to 2019.
The COVID-19 pandemic left a lasting effect on the travel insurance market. The government imposed lockdowns, and with the increasing number of people affected by the virus, people were forced to cancel travel plans and bookings, leading to the global travel industry facing a massive downfall.
Global Travel Insurance Market Scope:
Segmentation
- Trip Cancellation Insurance
- Baggage or Personal Item Loss Insurance
- Medical Insurance
- International
- Argentina
- United Kingdom
- Saudi Arabia
- South Africa
- South Korea
Frequently Asked Questions (FAQs)
Q1. what are the growth prospects for the travel insurance market, q2. what will be the travel insurance market size by 2027, q3. what is the size of the global travel insurance market, q4. how is the global travel insurance market segmented, q5. what factors are anticipated to drive the travel insurance market growth.
1. INTRODUCTION 1.1. Market Overview 1.2. Covid-19 Scenario 1.3. Market Definition 1.4. Market Segmentation
2. RESEARCH METHODOLOGY 2.1. Research Data 2.2. Assumptions
3. EXECUTIVE SUMMARY 3.1. Research Highlights
4. MARKET DYNAMICS 4.1. Market Drivers 4.2. Market Restraints 4.3. Porter’s Five Forces Analysis 4.3.1. Bargaining Power of Suppliers 4.3.2. Bargaining Powers of Buyers 4.3.3. Threat of Substitutes 4.3.4. Threat of New Entrants 4.3.5. Competitive Rivalry in Industry 4.4. Industry Value Chain Analysis
5. TRAVEL INSURANCE MARKET, BY TYPE OF INSURANCE PLAN 5.1. Introduction 5.2. Trip Cancellation Insurance 5.3. Baggage or Personal Item Loss Insurance 5.4. Medical Insurance 5.5. Others
6. TRAVEL INSURANCE MARKET, BY APPLICATION 6.1. Introduction 6.2. Domestic 6.3. International
7. TRAVEL INSURANCE MARKET, BY TYPE OF TRAVEL 7.1. Introduction 7.2. Business 7.3. Leisure 7.4. Education
8. TRAVEL INSURANCE MARKET, BY COUNTRY 8.1. Introduction 8.2. North America 8.2.1. USA 8.2.2. Canada 8.2.3. Mexico 8.3. South America 8.3.1. Brazil 8.3.2. Argentina 8.3.3. Others 8.4. Europe 8.4.1. Germany 8.4.2. France 8.4.3. United Kingdom 8.4.4. Spain 8.4.5. Italy 8.4.6. Others 8.5. Middle East and Africa 8.5.1. Saudi Arabia 8.5.2. UAE 8.5.3. Israel 8.5.4. South Africa 8.5.5. Others 8.6. Asia Pacific 8.6.1. Japan 8.6.2. India 8.6.3. China 8.6.4. South Korea 8.6.5. Taiwan 8.6.6. Thailand 8.6.7. Indonesia 8.6.8. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS 9.1. Major Players and Strategy Analysis 9.2. Emerging Players and Market Lucrative 9.3. Mergers, Acquisition, Agreements, and Collaborations 9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES 10.1. Tata AIG General Insurance Company Limited 10.2. Berkshire Hathaway Specialty Insurance Company 10.3. AXA Travel Insurance 10.4. Seven Corners Inc. 10.5. AGA Service Company 10.6. Aviva 10.7. Travel Insured International 10.8. Generali Global Assistance & Insurance Services 10.9. Travelex Insurance Services Inc. 10.10. USI Affinity Travel Insurance Services
Tata AIG General Insurance Company Limited
Berkshire Hathaway Specialty Insurance Company
AXA Travel Insurance
Seven Corners Inc.
AGA Service Company
Travel Insured International
Generali Global Assistance & Insurance Services
Travelex Insurance Services Inc.
USI Affinity Travel Insurance Services
Related Reports
License Type
Explore custom options available with this study.
- Customize this report
- Buy sections of the study
- Buy country specific report
Subscribe Us
Let us know the industries you are interested in, request free sample.
[email protected]
USA: +1 347 690-0211 | UK: +44 2032 894158
Avail PDF Sample Report 1
* We value your privacy and will never rent or sell your email address. Privacy Policy
Search Market Research Report
- Technology & Media
- Travel Insurance Market
Travel Insurance Market Size, Share Global Analysis Report, 2022 – 2028
- Global Travel Insurance Market Share Is Expected To Grow At A CAGR Of 24.50% By 2028
Travel Insurance Market Size, Share, Growth Analysis Report By Coverage Type (Single-Trip Travel Insurance and Annual Multi-Trip Travel Insurance), By Distribution Channel (Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, and Insurance Aggregators), By End User (Senior Citizens, Education Travelers, Business Travelers, Family Travelers, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028
- Report Summary
- Table Of Content
- Key Players
- Download PDF Sample
Industry Insights
[235+ Pages Report] According to the report published by Facts & Factors, the global travel insurance market size was worth USD 13,193.40 million in 2021 and is estimated to grow to USD 49,132.95 million by 2028, with a compound annual growth rate (CAGR) of approximately 24.50% over the forecast period. The report analyzes the travel insurance market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the travel insurance market.
Market Overview
Travel insurance is a type of insurance that provides coverage for any unanticipated or unpleasant losses that may occur while traveling (either internationally or domestically). While more thorough travel insurance plans might also cover trip cancellation, lost luggage, public liability, delayed flights, and other unforeseen expenses, standard travel insurance plans typically only cover medical emergencies. It is in effect from the day of departure till the insured person gets home. Nowadays, many companies provide travel insurance with 24/7 emergency services, such as replacing lost passports, assisting with money wires, and rebooking postponed flights. They also offer customization options based on the requirements of the insured persons and their geographical location. Rising tourism demand following the pandemic is one factor driving the growth of the global travel insurance market. Another is the overall increase in insurance coverage. During the projected period, new technology advancements in the travel insurance sector are anticipated to offer a wide range of chances for the market's growth.
COVID-19 Impact:
The COVID-19 pandemic-related slowdowns in the travel and hospitality sectors contributed to a considerable decline in the global travel insurance market during that time. The travel insurance business is anticipated to expand in the upcoming years despite the average travel scene reverting to pre-pandemic levels.
Key Insights
- As per the analysis shared by our research analyst, the global travel insurance market value is expected to grow at a CAGR of 24.50% over the forecast period.
- In terms of revenue, the global travel insurance market size was valued at around USD 13,193.40 million in 2021 and is projected to reach USD 49,132.95 million by 2028.
- Rising tourism demand following the pandemic is one factor driving the growth of the travel insurance market. Another is the overall increase in insurance coverage.
- By coverage type, the single-trip travel insurance category dominated the market in 2021.
- By end-user, the business traveler category dominated the market in 2021.
- North America dominated the global travel insurance market in 2021.
Growth Drivers
- Rising tourism demands to drive the global market growth
The global travel insurance market is expanding due to the increase in tourism brought on by the ease with which travelers can book flights online using smartphones and websites that offer a wide selection of vacation packages. The rise in tourism may cause several incidents, including flight disruptions, lost luggage, and medical issues. Customers choose travel insurance to reduce these risks, a major element fueling the market's expansion. Furthermore, solution providers should benefit greatly during the forecast period by integrating cutting-edge technologies like Artificial Intelligence (AI), data analytics, and machine learning with GPS to improve the current travel insurance platform.
- Lack of awareness about insurance policies may hinder the market growth
During the anticipated time, the lack of knowledge about insurance products could significantly impede the expansion of the travel insurance market. Further, the low penetration of insurance policies restrains the market's expansion.
Segmentation Analysis
The global travel insurance market has been segmented into coverage type, distribution channel, end-user, and region.
Based on the coverage type, the travel insurance market is segregated into single-trip travel insurance and annual multi-trip travel insurance. Among these, the single-trip travel insurance segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period. Due to the increase in business travel and disposable cash, safe travel is becoming more and more necessary. However, more readily available and less expensive travel has made it possible for many families and completely autonomous travelers to take multiple trips in a year, leading to a significant increase in the need for yearly multi-trip travel insurance, fueling the expansion of this market.
Based on the distribution channel, the travel insurance market is segregated into insurance intermediaries, insurance companies, banks, insurance brokers , and insurance aggregators. Among these, the insurance companies segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period. Insurance companies provide insurance with many offers and discounts to customers.
Based on end users, the travel insurance market is segmented into senior citizens, education travelers, business travelers, family travelers, and others. Among these, the consumer electronics segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period. Many businesses purchase travel insurance to protect their employees who travel internationally on business. As more individuals are immunized, and travel restrictions are loosened, business travel is gradually recovering across the globe. Corporate travelers feel more at ease returning to their regular work life, which assists the market's expansion.
Report Scope
Regional landscape.
- North America dominated the travel insurance market in 2021
In 2021, North America dominated the global travel insurance market due to the growing trend of travelers acquiring yearly travel insurance packages to avoid the hassle of doing so for each trip. The market will experience tremendous expansion spurred by the easing of travel restrictions and government lockdown. For those traveling domestically, the domestic travel insurance plan provides substantial coverage. Domestic travel insurance policies are created expressly for various U.S. cities and places to make travel hassle-free. Spending on travel protection plans is rising, which supports domestic market expansion as its coverage provides full compensation in unforeseen circumstances. Business trips are rising as this country's market participants become more numerous. A single comprehensive solution and multiple trip insurance eliminate the hassle of getting a new plan for each trip. These insurance contracts offer straightforward renewal, financial assistance, and document clearance.
Competitive Landscape
- ALLIANZ
- Insure and Go Insurance Services Limited
- Seven Corners Inc.
- AMERICAN INTERNATIONAL GROUP INC.
- Assicurazioni Generali S.P.A.
- Trip Mate Inc.
- Travel Insured International
- Travel Safe Insurance
- USI INSURANCE SERVICES LLC.
Global Travel Insurance Market is segmented as follows:
By Coverage Type
- Single-Trip Travel Insurance
- Annual Multi-Trip Travel Insurance
By Distribution Channel
- Insurance Intermediaries
- Insurance Companies
- Insurance Brokers
- Insurance Aggregators
By End-User
- Senior Citizens
- Education Travelers
- Business Travelers
- Family Travelers
By Regional Segment Analysis
- The Netherlands
- Rest of Europe
- South Korea
- Rest of Southeast Asia
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Rest of Latin America
Industry Major Market Players
- USI INSURANCE SERVICES LLC
Frequently Asked Questions
1. which key factors will influence travel insurance market growth over 2022-2028, 2. what will the travel insurance market value from 2022-2028, 3. which region will contribute notably towards the travel insurance market value, 4. which are the major players leveraging the travel insurance market growth.
Safe and Secure SSL Encrypted
Choose License Type
Request Sample
Ask for Customization
Speak to Analyst
Inquiry For Buying
Travel Insurance Market Size, Share, Growth Analysis, By Type(Single-Trip Travel Insurance, Annual Multi-Trip Travel Insurance), By Distribution Channel(Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers), By End-user(Senior Citizens, Education Travelers, Business Travelers, Family Travelers), By Region - Industry Forecast 2024-2031
Report ID: SQMIG40D2014 | Region: Global | Published Date: February, 2024 Pages: 165 | Tables: 93 | Figures: 76
- DESCRIPTION
- TABLE OF CONTENTS
- METHODOLOGY
- ANALYST SUPPORT
Travel Insurance Market Insights
Travel Insurance Market size was valued at USD 17.8 billion in 2019 and is poised to grow from USD 20.32 billion in 2023 to USD 63.9 billion by 2031, growing at a CAGR of 15.4% in the forecast period (2024-2031).
Travel insurance provides service to travelers who have opted for it, in case of any disaster while they travel. Travelers can claim the insured amount if any unfortunate event occurs during the insured journey. The government instruction to opt the travel insurance due to rising tourism demand for all travelers is one of the major driving factors for the travel insurance market. These are important in a situation like failing to travel due to medical issues or some other problem and can claim the promised amount which will further propel the market growth in the coming period.
US Travel Insurance Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
USD 17.8 billion
Largest Segment
Annual Multi-Trip Travel Insurance
Fastest Growth
Growth Rate
To get more reports on the above market click here to Buy The Report
Travel Insurance Market Segmental Analysis
The Global Travel Insurance Market is segmented on the basis of Type, Distribution Channel, End-user, and Region. Based on Type, the market is segmented into Single-Trip Travel Insurance, Annual Multi-Trip Travel Insurance. Based on Distribution Channel, the market is segmented into Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, Insurance Aggregators. Based on End-user, the market is segmented into Senior Citizens, Education Travelers, Business Travelers, Family Travelers, Others. Based on region, the global Travel Insurance market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Travel Insurance Market Analysis by Type
The travel insurance market is branded into single-trip travel Insurance and Annual multi-trip Travel Insurance based on the categories. The annual multi-trip category dominates the market segment in the year 2021 and is anticipated to grow at the same pace during the analysis period. Multi-trip insurance plan enables the customer to buy a plan for the complete year and saves them time and money for buying a new plan for every trip. This is due to the relaxation of restrictions for travel globally. These plans are easy to renew and finance for the long term. This has allowed people to travel to multiple destinations without thinking a lot about the what-ifs of the travel journey.
Single trip travel insurance is expected to grow at an unprecedented rate because of the booming domestic flight movement globally and multiple uncertainties regarding travel will push customers to go for travel insurance. This will propel the growth of the travel insurance market during the coming period.
To get detailed analysis on other segments, Request For Free Sample Report
Travel Insurance Market Regional Insights
In the year 2021, Europe held a major share in the travel insurance market and is anticipated to grow at the same rate. The increasing tourism and roving activity in the region due to administration schemes to improve tourism had a major impact on the growth of the travel insurance market. The Asia Pacific is anticipated to record exceptional progress during the analysis period. Growing income, vacation planning, and improving economic conditions ask for tourism throughout the region and will have a positive impact on the travel insurance market growth during the prediction period.
To know more about the market opportunities by region and country, click here to Buy The Complete Report
Travel Insurance Market Dynamics
Travel Insurance Market Driver
- The levitation of global tourism is one of the major reasons for the growth of the travel insurance market. Growing tourism due to increasing not reusable income, and holiday trip promotion by tour & traveling companies are some of the explanations. With increasing accidents due to natural calamities, the risk of losing luggage and medical emergencies are factors that will propel the need for the travel insurance market during the analysis period.
- Regulations regarding mandatory insurance for visa approval are the driving factors. As countries won’t allow the traveler to get a visa without travel insurance, which in turn increases the demand for the travel insurance market.
Travel Insurance Market Restraint
- Lack of knowledge about the benefits and coverages that could be claimed by the insurance holder keep the customers in denial and don’t opt for travel insurance. Lower infiltration of the travel insurance market is a major reason restraining the market growth.
Request Free Customization of this report to help us to meet your business objectives.
Travel Insurance Market Competitive Landscape
The Travel Insurance market is relatively fragmented, with a high level of competition. Few large players, like American International Group Inc., Berkshire Hathaway Specialty Insurance, and HanseMerkur Insurance Group, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.
Travel Insurance Market Top Player’s Company Profiles
- Allianz Partners (France)
- AIG Travel Guard
- AXA Assistance USA
- Berkshire Hathaway Travel Protection
- Chubb Travel Insurance
- CSA Travel Protection
- Generali Global Assistance
- Global Rescue
- HTH Worldwide
- IMG Travel Insurance
- InsureandGo
- John Hancock Travel Insurance
- Nationwide Mutual Insurance Company
- Seven Corners
- Squaremouth
- Travel Insured International
- TravelSafe Insurance
- Travelex Insurance Services
- World Nomads Group
Travel Insurance Market Recent Developments
- In June 2022, Zurich Insurance Group Ltd has completely digitalized its international business programs with a state-of-the-art technology that will improve workflow and enhance customer experience. This exchange of data will help to provide better details about the policy and relevant risks in the given period.
- In June 2022, Berkshire Hathaway Specialty Insurance has recently announced that in its plan to cover most of Europe they have also opened an office in the Lyon city of France. Which will start its operations in the country shortly and will continue to expand throughout Europe.
- In February 2022, HanseMerkur Insurance Group a Germany-based insurance group introduced its new product named Fur Alle. The German to English translation stands out to be ‘for all’ and that’s what the product promises to provide. This product will provide cover to all the family member’s health coverage under the same policy specific to the network tire of the provider.
Travel Insurance Key Market Trends
The travel insurance market tends to grow due to various government strategies to boost the demand for the leisure industry and corporates increasing to provide travel assurance to their employees on business tours, to ensure their safety will push the growth of the travel insurance market during the analysis period.
- Increasing investments into technology to develop models that could predict the best insurance cover for various people and saving them a lot of money by giving effective product recommendations is also increasing insurance adoption. This will bring new customers to the market and will fuel the growth of the travel insurance market.
Travel Insurance Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, The travel insurance market tends to grow due to various government strategies to boost the demand for the leisure industry and corporates increasing to provide travel assurance to their employees on business tours, to ensure their safety and growing awareness about the frequency of trips around the year lead to multi-trip segment to dominate the market segment in the year 2021 and is anticipated to grow at the same pace during the analysis period. Europe holds the largest market share worldwide and is expected to do for the coming period.
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Travel Insurance Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market size
- Opportunities
- SWOT Analysis
KEY MARKET INSIGHTS
- (Exhibit: Data Table: Name of technology and details)
- (Exhibit: Data Table: Name of technology and pricing details)
- (Exhibit: Detailed Supply Chain Presentation)
- (Exhibit: Detailed Value Chain Presentation)
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- (Exhibit: Data Table: Import and Export data details)
- (Exhibit: Data Table: Emerging startups details)
- (Exhibit: Data Table: Mapping of key raw materials)
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Exhibit: Data Table on Travel Insurance Market size and forecast 2021-2027 ($ million)
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Exhibit: Data Table on regulation from different region
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Exhibit: companies covered in the report, 2021
- Exhibit: company positioning matrix, 2021
- Exhibit: Pie chart analysis on company market share, 2021(%)
Methodology
For the Travel Insurance Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Travel Insurance Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Travel Insurance Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Travel Insurance Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Travel Insurance Market Report Snapshots
- Travel Insurance Companies
- Travel Insurance Market Size
- Travel Insurance Market Analysis
- Travel Insurance Geographic Analysis
- Travel Insurance Market News
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
What is the market size of Travel Insurance Market?
Who are the key vendors in the travel insurance market.
The Travel Insurance market is relatively fragmented, with a high level of competition. Few large players, like American International Group Inc., Berkshire Hathaway Specialty Insurance, and HanseMerkur Insurance Group, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Allianz Partners (France)', 'AIG Travel Guard', 'AXA Assistance USA', 'Berkshire Hathaway Travel Protection', 'Chubb Travel Insurance', 'CSA Travel Protection', 'Generali Assistance', 'GeoBlue', 'Rescue', 'HTH Worldwide', 'IMG Travel Insurance', 'InsureandGo', 'John Hancock Travel Insurance', 'Nationwide Mutual Insurance Company', 'Seven Corners', 'Squaremouth', 'Travel Insured International', 'TravelSafe Insurance', 'Travelex Insurance Services', 'World Nomads Group'
What is the key driver of Travel Insurance Market?
The levitation of tourism is one of the major reasons for the growth of the travel insurance market. Growing tourism due to increasing not reusable income, and holiday trip promotion by tour & traveling companies are some of the explanations. With increasing accidents due to natural calamities, the risk of losing luggage and medical emergencies are factors that will propel the need for the travel insurance market during the analysis period.
What is the key market trend for Travel Insurance Market?
Which region accounted for the largest share in travel insurance market, request free customization.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Related Reports
Feedback from our clients.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.
Report ID: SQMIG40D2014
Login to SkyQuest
Create an account, forgot password.
Enter your email address you’re using for your account below
Reset password
This site uses cookies. See Our Privacy And Policy For More info.
- Today's news
- Reviews and deals
- Climate change
- 2024 election
- Fall allergies
- Health news
- Mental health
- Sexual health
- Family health
- So mini ways
- Unapologetically
- Buying guides
Entertainment
- How to Watch
- My Portfolio
- Latest News
- Stock Market
- Biden Economy
- Stocks: Most Actives
- Stocks: Gainers
- Stocks: Losers
- Trending Tickers
- World Indices
- US Treasury Bonds Rates
- Top Mutual Funds
- Options: Highest Open Interest
- Options: Highest Implied Volatility
- Basic Materials
- Communication Services
- Consumer Cyclical
- Consumer Defensive
- Financial Services
- Industrials
- Real Estate
- Stock Comparison
- Advanced Chart
- Currency Converter
- Credit Cards
- Balance Transfer Cards
- Cash-back Cards
- Rewards Cards
- Travel Cards
- Credit Card Offers
- Best Free Checking
- Student Loans
- Personal Loans
- Car insurance
- Mortgage Refinancing
- Mortgage Calculator
- Morning Brief
- Market Domination
- Market Domination Overtime
- Asking for a Trend
- Opening Bid
- Stocks in Translation
- Lead This Way
- Good Buy or Goodbye?
- Financial Freestyle
- Capitol Gains
- Living Not So Fabulously
- Fantasy football
- Pro Pick 'Em
- College Pick 'Em
- Fantasy baseball
- Fantasy hockey
- Fantasy basketball
- Download the app
- Daily fantasy
- Scores and schedules
- GameChannel
- World Baseball Classic
- Premier League
- CONCACAF League
- Champions League
- Motorsports
- Horse racing
- Newsletters
New on Yahoo
- Privacy Dashboard
Yahoo Finance
Global auto insurance market size to worth usd 1655.84 billion by 2033 | cagr of 8.46%.
The Global Auto Insurance Market Size was Valued at USD 735.39 Billion in 2023 and the Worldwide Auto Insurance Market Size is Expected to Reach USD 1655.84 Billion by 2033, according to a research report published by Spherical Insights & Consulting. Companies covered: AXA SA Group, Liberty Mutual Insurance, Bajaj Allianz, American International Group Inc., Insurethebox, Verisk Analytics Inc., Allianz, State Farm Mutual, Tokio Marine Group, Automobile Insurance, Ping An Insurance (group), Admiral Group plc, berkshire hathaway inc., and other key companies.
New York, United States , Aug. 21, 2024 (GLOBE NEWSWIRE) -- The Global Auto Insurance Market Size is to Grow from USD 735.39 Billion in 2023 to USD 1655.84 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 8.46% during the projected period.
Get a Sample PDF Brochure: https://www.sphericalinsights.com/request-sample/4855
A contract between the policyholder and the insurance provider protects policyholders against financial loss in the instance of an accident or theft. In return for the policyholder paying a premium, the insurance company undertakes to pay back the policyholder's losses as detailed in the policy. Auto insurance serves as a safety net for people's finances and provides physical protection against injuries sustained in traffic accidents and car theft. Costs from crashes in which the owner of an insured vehicle is held liable for injuries caused to other motorists, other vehicles, or property like buildings, fences, or utility infrastructure are also included. Furthermore, as the economies of both developed and emerging nations continue to expand thus, a need for commercial vehicles. Due to the rapid expansion of the e-commerce sector, there is a greater need for transportation solutions worldwide and commercial vehicles due to the increased demand. Furthermore, in many nations, it is legally required to get auto insurance. As such, the laws about automobile purchases have a substantial effect on the growth of the auto insurance sector. In addition, the rise in occurrences in recent years such as distracted driving, drunk driving, and traffic injuries has increased the significance of vehicle insurance. Most car owners rely on their auto insurance for financial loss and protection from things like accidents involving other drivers, passengers, or pedestrians. However, lack of awareness and comprehension of auto insurance coverage is a major factor hampering the expansion of the auto insurance industry.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the " Global Auto Insurance Market Size, Share, and COVID-19 Impact Analysis, By Application (Personal and Commercial), By Distribution Channel (Insurance Agents/Brokers, Direct Response, Banks, and Others), By Coverage (Third-Party Liability Coverage, Collision/Comprehensive, and Other Optional Coverage), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
Buy Now Full Report: https://www.sphericalinsights.com/checkout/4855
The personal segment is anticipated to hold the greatest share of the global auto insurance market during the projected timeframe.
Based on the application, the global auto insurance market is divided into personal and commercial. Among these, the personal segment is anticipated to hold the greatest share of the global auto insurance market during the projected timeframe. Due to they are more affordable, more comfortable, and more durable, these cars have seen significant growth in the market. The market is expanding due to rising consumer demand for personal automobiles and the fact that passenger cars are produced internationally at a higher rate than commercial vehicles.
The insurance agents/brokers segment is expected to grow at the fastest CAGR in the global auto insurance market during the projected timeframe.
Based on the distribution channel, the global auto insurance market is divided into insurance agents/brokers, direct response, banks, and others. Among these, the insurance agents/brokers segment is expected to grow at the fastest CAGR in the global auto insurance market during the projected timeframe. In response to the growing demand for individualized and customized services, a major trend in the vehicle insurance market insurance agents and brokers are using a variety of websites and online selling platforms. Insurance brokers use their extensive knowledge of risks and the insurance industry, in addition to buying insurance from various businesses, to find and organize the best insurance plans for their clients.
The third-party liability coverage segment is predicted for the largest revenue share in the auto insurance market during the estimated period.
Based on the coverage, the global auto insurance market is divided into third-party liability coverage, collision/comprehensive, and other optional coverage. Among these, the third-party liability coverage segment is predicted for the largest revenue share in the auto insurance market during the estimated period. Third-party liability insurance can be purchased to protect oneself from third-party claims. Third-party coverage protects against claims of losses and damages made by uninsured drivers who are not covered by the policy when it comes to auto insurance. The Motor Vehicles Act makes third-party liability insurance required. The requirement that both new and old car owners be present at the time of vehicle registration is one of the main factors propelling the market's expansion globally.
Inquire Before Buying This Research Report: https://www.sphericalinsights.com/inquiry-before-buying/4855
North America is expected to hold the largest share of the global auto insurance market over the forecast period .
North America is expected to hold the largest share of the global auto insurance market over the forecast period. Major insurance companies, increased consumer awareness of the benefits of auto insurance, high disposable income, growing car demand, and rising middle-class affordability are all contributing factors to the growth of the North American vehicle insurance market. It is anticipated that as consumers become more aware of the benefits of electric vehicles, demand for EVs will rise in the upcoming years. This will result in a significant rise in the requirement for auto insurance in North America.
Asia Pacific is predicted to grow at the fastest pace in the global auto insurance market during the projected timeframe. Rapid urbanization, rising public infrastructure spending, and growing economic activity all contribute to the growing demand for automobiles. The high population and expanding middle class in the region are increasing demand for cars. The government laws in nations like India regulating the purchase of motor insurance are largely accountable for the fast expansion of the Asia Pacific auto insurance sector.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Auto Insurance Market include AXA SA Group, Liberty Mutual Insurance, Bajaj Allianz, American International Group Inc., Insurethebox, Verisk Analytics Inc., Allianz, State Farm Mutual, Tokio Marine Group, Automobile Insurance, Ping An Insurance (Group), Admiral Group plc, Berkshire Hathaway Inc., and Others.
Get Discount At @ https://www.sphericalinsights.com/request-discount/4855
Recent Developments
In July 2022, Pay As You Consume (PAYC) is a usage-based insurance cover add-on that was developed by Bajaj Allianz. The company is the first to introduce and launch this type of insurance under the Insurance Regulatory and Development Authority of India (IRDAI), enabling automakers to add on advanced insurance.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Auto Insurance Market based on the below-mentioned segments:
Global Auto Insurance Market, By Application
Global Auto Insurance Market, By Distribution Channel
Insurance Agents/Brokers
Direct Response
Global Auto Insurance Market, By Coverage
Third-Party Liability Coverage
Collision/Comprehensive
Other Optional Coverage
Global Auto Insurance Market, Regional Analysis
North America
Rest of Europe
Asia Pacific
South Korea
Rest of Asia Pacific
South America
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of the Middle East & Africa
Browse Related Reports
Global Trade Surveillance Market Size, Share, and COVID-19 Impact Analysis, By Component (Solution, Services), By Deployment (On-Premise, Cloud), By Enterprise Size (Large Enterprises, SMEs), By End User (Banks, Institutional Brokers, Retail Brokers, Market Centers & Regulators, Others) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032
Global B2B Payments Market Size, Share, and COVID-19 Impact Analysis, By Payment Type (Domestic Payments, and Cross-Border Payments), By Payment Method (Bank Transfer, Card, and Online Payments), By Verticle Type (BFSI, IT and ITES, Retail and E-commerce, Travel and Hospitality, Healthcare, Media and Entertainment, Transportation and Logistics, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
France Fintech Market Size, Share, and COVID-19 Impact Analysis, By Deployment Mode (On-Premises and Cloud), By Technology (Artificial Intelligence, Application Programming Interface (API), Robotic Process Automation, Data Analytics, and Others), and France Fintech Market Insights, Industry Trend, Forecasts to 2033
Global P2P Fundraising Market Size, Share, and COVID-19 Impact Analysis, By Deployment (Cloud-Based, On-Premises), By Application (SMEs, Large Enterprises), By End-User (Nonprofit Organizations, Educational Institutions, Religious Organizations, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: + 1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: [email protected] , [email protected]
Contact Us: https://www.sphericalinsights.com/contact-us
Follow Us: LinkedIn | Facebook | Twitter
IMAGES
VIDEO
COMMENTS
The global travel insurance market size was valued at USD 17.8 billion in 2021 and is expected to grow at a CAGR of 15.4% from 2022 to 2030. Factors such as the rising demand for tourism and technological development are driving the demand for the travel insurance market. Additionally, the increasing travel laws and regulations by the ...
The Travel Insurance Market size was valued at USD 21.85 billion in 2023 and is predicted to reach USD 58.40 billion by 2030, with a CAGR of 14.0% from 2024 to 2030. Travel insurance is a specialized insurance designed to offer protection and coverage to travelers against a wide range of potential risks and unforeseen circumstances that can ...
The Travel Insurance Market size is estimated at USD 23.31 billion in 2024, and is expected to reach USD 44.84 billion by 2029, growing at a CAGR of 15.40% during the forecast period (2024-2029). ... The travel insurance market has experienced significant growth due to the increase in global travel and the potential risks that come with it ...
The global travel insurance market was valued at USD 13.3 billion in 2021. The global travel Insurance market is expected to reach USD 99.0 billion by 2030, at a CAGR of 25% during the forecast period 2021 to 2030. The travel insurance market has grown due to the increasing demand for travel insurance post the outbreak of the COVID-19 pandemic.
The travel insurance market size surpassed USD 21 billion in 2022 and is poised to expand at 9.5% CAGR from 2023 to 2032, driven by the increasing awareness among travelers about the importance of travel insurance. ... The travel industry is sensitive to global events, such as natural disasters, political unrest, pandemics, and terrorist ...
The global travel insurance market size attained a value of USD 23.47 billion in 2023. The market is further expected to grow at a CAGR of 24.5% between 2024 and 2032, to reach a value of USD 168.84 billion by 2032. Read more about this report - REQUEST FREE SAMPLE COPY IN PDF .
The global travel insurance market reached a value of nearly $19,278.6 million in 2022, having increased at a compound annual growth rate (CAGR) of 10.5% since 2017. The market is expected to grow from $19,278.6 million in 2022 to $41,424.6 million in 2027 at a rate of 16.5%.
The global travel insurance market size reached US$ 17.9 billion in 2023. The market is projected to reach US$ 47.1 billion by 2032, exhibiting a growth rate (CAGR) of 11.34% during 2023-2032.
The global travel insurance market was valued at $16.8 billion in 2022, and is projected to reach $106.8 billion by 2032, growing at a CAGR of 20.1% from 2023 to 2032. Travel insurance is a type of insurance coverage that covers unexpected occurrences that may occur before or during a trip.
The Global Travel Insurance Market size is expected to reach $60.7 billion by 2027, rising at a market growth of 26.3% CAGR during the forecast period. Travel insurance gives financial protection for expenses or losses caused as a result of unforeseen circumstances while traveling domestically or internationally.
The global travel insurance market was valued at USD 25.45 billion in 2023. It is expected to reach USD 54.36 billion in 203 2, growing at a CAGR of 8.8% ove r the forecast period (2024-32). The rise in global tourism, fueled by higher disposable incomes, cheaper travel options, and greater connectivity, significantly boosts the demand for ...
The global travel insurance market size reached US$ 17.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 47.1 Billion by 2032, exhibiting a growth rate (CAGR) of 11% during 2024-2032. There are various factors that are driving the market, which include the rising focus on enhanced convenience during purchasing ...
The Global Travel Insurance Market size is expected to reach $60. 7 billion by 2027, rising at a market growth of 28. 2% CAGR during the forecast period. Travel insurance gives financial ...
The Global Travel Insurance Market Size was valued at USD 13.3 billion in 2021. The market is growing at a CAGR of 25% from 2021 to 2030; Prominent Key Players are Zurich Insurance Group Ltd, Arch ...
The travel insurance market is projected to grow at a CAGR of 8.22% during the forecast period to reach US$51.683 billion by 2027, from US$29.793 billion in 2020. Introduction. Travel insurance is a protection policy for tourists and travellers covering unforeseen losses and damages while travelling. Most travel insurance plans usually ...
The global travel insurance market size is anticipated to reach USD 63.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.4% from 2022 to 2030. The demand for travel insurance is poised to skyrocket on the account of growth in the tourism industry due to the factors such as ...
The Global Travel Insurance Market size is expected to reach $60. 7 billion by 2027, rising at a market growth of 28. 2% CAGR during the forecast period.
Key Insights. As per the analysis shared by our research analyst, the global travel insurance market value is expected to grow at a CAGR of 24.50% over the forecast period. In terms of revenue, the global travel insurance market size was valued at around USD 13,193.40 million in 2021 and is projected to reach USD 49,132.95 million by 2028.
According to Straits Research, "The global travel insurance market size was valued at USD 22780 million in 2021 and is estimated to reach an expected value of USD 48665 million by 2030 ...
Travel Insurance Market Insights. Travel Insurance Market size was valued at USD 17.8 billion in 2019 and is poised to grow from USD 20.32 billion in 2023 to USD 63.9 billion by 2031, growing at a CAGR of 15.4% in the forecast period (2024-2031). Travel insurance provides service to travelers who have opted for it, in case of any disaster while ...
According to Straits Research, "The global travel insurance market size was valued at USD 22780 million in 2021 and is estimated to reach an expected value of USD 48665 million by 2030 ...
According to Facts and Factors, the Global Travel Insurance Market size was valued at around USD 13,193.40 million in 2021 and is estimated to grow about USD 49,132.95 million by 2028, at a CAGR ...
Flexibility: Travel insurance isn't one-size-fits-all. We highlight providers that offer a wide array of coverage options, including single-trip, multi-trip, and long-term policies.
Travel Insurance Market by Insurance Cover (Single-Trip Travel Insurance, Annual Multi-Trip Travel Insurance, and Long-Stay Travel Insurance), by Distribution Channel (Insurance Intermediaries ...
The Global Auto Insurance Market Size was Valued at USD 735.39 Billion in 2023 and the Worldwide Auto Insurance Market Size is Expected to Reach USD 1655.84 Billion by 2033, according to a ...