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Travel Insurance Market by Insurance Coverage (Annual Multi-Trip Travel Insurance, Long-Stay Travel Insurance, Single-Trip Travel Insurance), Distribution Channel (Banks, Insurance Aggregators, Insurance Brokers), End-Users - Global Forecast 2024-2030

Publisher 360iResearch
Published Jan 15, 2024
Length 191 Pages
SKU # IRE18451202

Description

Travel Insurance Market by Insurance Coverage (Annual Multi-Trip Travel Insurance, Long-Stay Travel Insurance, Single-Trip Travel Insurance), Distribution Channel (Banks, Insurance Aggregators, Insurance Brokers), End-Users - Global Forecast 2024-2030


The Travel Insurance Market size was estimated at USD 26.33 billion in 2023 and expected to reach USD 29.20 billion in 2024, at a CAGR 8.93% to reach USD 47.92 billion by 2030.

Global Travel Insurance Market

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Travel Insurance Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Travel Insurance Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Travel Insurance Market, highlighting leading vendors and their innovative profiles. These include Allianz SE, American International Group, Inc., ASSICURAZIONI GENERALI S.P.A., Aviva, Axa S.A., Berkshire Hathaway Specialty Insurance Company, Columbus Direct, eBaoTech International, Expat & Co, HDFC ERGO General Insurance Company Limited, Highway to Health, Inc., ICICI Lombard International, International Medical Group, Inc., John Hancock Life Insurance Company, Nationwide Mutual Insurance Company, Pablow Inc., Seven Corners Inc., Tata AIG General Insurance Company Limited, Travel Insurance Facilities PLC, Travel Insured International, Travelex Insurance Services Inc., USI Insurance Services, and WorldNomads.com Pty Limited.

Market Segmentation & Coverage

This research report categorizes the Travel Insurance Market to forecast the revenues and analyze trends in each of the following sub-markets:

Insurance Coverage
Annual Multi-Trip Travel Insurance
Long-Stay Travel Insurance
Single-Trip Travel Insurance
Distribution Channel
Banks
Insurance Aggregators
Insurance Brokers
Insurance Companies
Insurance Intermediaries
End-Users
Business Travellers
Education Travellers
Family Travellers
Senior Citizens
Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas
Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam
Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Travel Insurance Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Travel Insurance Market?
3. What are the technology trends and regulatory frameworks in the Travel Insurance Market?
4. What is the market share of the leading vendors in the Travel Insurance Market?
5. Which modes and strategic moves are suitable for entering the Travel Insurance Market?

Note: PDF & Excel + Online Access - 1 Year

Table of Contents

191 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Travel Insurance Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Significant growth in national and international tourism worldwide
5.1.1.2. Growing adoption of online bookings and insurance solutions
5.1.1.3. Availability of cost-friendly and innovative travel insurance plans
5.1.2. Restraints
5.1.2.1. Less awareness toward travel insurance in emerging economies
5.1.3. Opportunities
5.1.3.1. Customization of travel insurance plans in response to geographic locations and customer preferences
5.1.3.2. Technological advancements in travel insurance solutions
5.1.4. Challenges
5.1.4.1. Concerns regarding claims coupled with data privacy issues
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Travel Insurance Market, by Insurance Coverage
6.1. Introduction
6.2. Annual Multi-Trip Travel Insurance
6.3. Long-Stay Travel Insurance
6.4. Single-Trip Travel Insurance
7. Travel Insurance Market, by Distribution Channel
7.1. Introduction
7.2. Banks
7.3. Insurance Aggregators
7.4. Insurance Brokers
7.5. Insurance Companies
7.6. Insurance Intermediaries
8. Travel Insurance Market, by End-Users
8.1. Introduction
8.2. Business Travellers
8.3. Education Travellers
8.4. Family Travellers
8.5. Senior Citizens
9. Americas Travel Insurance Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Travel Insurance Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Travel Insurance Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. Allianz SE
13.1.2. American International Group, Inc.
13.1.3. ASSICURAZIONI GENERALI S.P.A.
13.1.4. Aviva
13.1.5. Axa S.A.
13.1.6. Berkshire Hathaway Specialty Insurance Company
13.1.7. Columbus Direct
13.1.8. eBaoTech International
13.1.9. Expat & Co
13.1.10. HDFC ERGO General Insurance Company Limited
13.1.11. Highway to Health, Inc.
13.1.12. ICICI Lombard International
13.1.13. International Medical Group, Inc.
13.1.14. John Hancock Life Insurance Company
13.1.15. Nationwide Mutual Insurance Company
13.1.16. Pablow Inc.
13.1.17. Seven Corners Inc.
13.1.18. Tata AIG General Insurance Company Limited
13.1.19. Travel Insurance Facilities PLC
13.1.20. Travel Insured International
13.1.21. Travelex Insurance Services Inc.
13.1.22. USI Insurance Services
13.1.23. WorldNomads.com Pty Limited
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
FIGURE 1. TRAVEL INSURANCE MARKET RESEARCH PROCESS
FIGURE 2. TRAVEL INSURANCE MARKET SIZE, 2023 VS 2030
FIGURE 3. TRAVEL INSURANCE MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. TRAVEL INSURANCE MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. TRAVEL INSURANCE MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. TRAVEL INSURANCE MARKET DYNAMICS
FIGURE 7. TRAVEL INSURANCE MARKET SIZE, BY INSURANCE COVERAGE, 2023 VS 2030 (%)
FIGURE 8. TRAVEL INSURANCE MARKET SIZE, BY INSURANCE COVERAGE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. TRAVEL INSURANCE MARKET SIZE, BY DISTRIBUTION CHANNEL, 2023 VS 2030 (%)
FIGURE 10. TRAVEL INSURANCE MARKET SIZE, BY DISTRIBUTION CHANNEL, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. TRAVEL INSURANCE MARKET SIZE, BY END-USERS, 2023 VS 2030 (%)
FIGURE 12. TRAVEL INSURANCE MARKET SIZE, BY END-USERS, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS TRAVEL INSURANCE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS TRAVEL INSURANCE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES TRAVEL INSURANCE MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES TRAVEL INSURANCE MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC TRAVEL INSURANCE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC TRAVEL INSURANCE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA TRAVEL INSURANCE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA TRAVEL INSURANCE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. TRAVEL INSURANCE MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 22. TRAVEL INSURANCE MARKET SHARE, BY KEY PLAYER, 2023

Pricing

Currency Rates
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