Europe Travel Insurance Market, By Category (Domestic, International); By Type (Single-Trip Travel Insurance, Multi-Trip Travel Insurance, Extended Travel Insurance); By Distribution Channel (Insurance Companies, Insurance Intermediaries, Banks, Insurance

Publisher BlueWeave Consulting

Published Oct 16, 2023

Length 200 Pages

SKU # BLWC18285434

Description

Europe Travel Insurance Market, By Category (Domestic, International); By Type (Single-Trip Travel Insurance, Multi-Trip Travel Insurance, Extended Travel Insurance); By Distribution Channel (Insurance Companies, Insurance Intermediaries, Banks, Insurance Aggregators, Insurance Brokers); By End User (Senior Citizens, Health Travelers, Education Travelers, Business Travelers, Family Travelers); By Coverage (Medical Expense, Trip Delay, Trip Cancellation, Property Damage, Theft/Loss); By Country (Germany, United Kingdom, Italy, France, Spain, Belgium, Russia, the Netherlands, Rest of Europe), Competitive Landscape & Forecast, 2019–2029

Europe Travel Insurance Market Size Expands at Steady CAGR of 3.4% to Reach USD 4.44 Billion by 2029

Europe travel insurance market is flourishing due to increasing awareness about the importance of travel insurance, rising international travel trends, concerns over unforeseen events like health emergencies and cancellations, and regulatory mandates requiring coverage for certain types of travel.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Europe travel insurance market size at USD 3.51 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Europe travel insurance market size to grow at a CAGR of 3.4% reaching a value of USD 4.44 million by 2029. The growth of the Europe travel insurance market is primarily driven by increasing awareness about the importance of travel insurance, especially in light of unforeseen events, such as natural disasters or health emergencies. Rising travel frequency due to improved economic conditions and ease of transportation. The expansion of international tourism within Europe. Regulatory mandates in some European countries requiring travel insurance for visa purposes contribute to market growth. Further, the diversification of insurance offerings, including personalized and COVID-19-related coverage, appeals to a broader customer base, stimulating market expansion.

Europe Travel Insurance Market – Overview

Travel insurance is a financial protection policy designed to mitigate risks associated with traveling. It typically covers a range of unforeseen events, such as trip cancellations, medical emergencies, lost luggage, and travel delays. Travelers pay a premium for this coverage, which can vary based on factors like trip duration and destination. Travel insurance offers peace of mind by providing financial reimbursement for covered expenses, ensuring that travelers can navigate unexpected challenges while traveling. It is a valuable tool for safeguarding travel investments and well-being, making it an essential consideration for anyone embarking on a journey, whether for leisure or business.

Impact of COVID-19 on Europe Travel Insurance Market

The Europe travel insurance market witnessed significant shifts due to the COVID-19 pandemic. Travel restrictions, lockdowns, and health concerns led to a surge in cancellations and claims, forcing insurers to adopt policies. Increased demand for coverage related to trip cancellations, medical expenses, and quarantine accommodations transformed product offerings. Insurance companies incorporated pandemic-specific clauses and adjusted pricing models. As travel slowly resumes, the market faces ongoing challenges, including evolving travel regulations and customer preferences. The pandemic underscored the importance of comprehensive coverage, setting a new standard for the European travel insurance sector in the post-COVID era.

Europe Travel Insurance Market – By Type

Based on type, Europe travel insurance market is divided into Single-Trip Travel Insurance, Multi-Trip Travel Insurance, and Extended Travel Insurance segments. The single-trip travel insurance is the largest travel insurance type in the Europe travel insurance market, accounting for a significant portion of the market share. The insurance type is designed for individuals embarking on one-time journeys and offers coverage for the duration of a single trip. It is a popular choice among occasional travelers and vacationers. However, the market's dynamics may shift over time as travel trends and consumer preferences evolve, so continuous monitoring is crucial for insurers to adapt to changing demands.

Competitive Landscape

Europe travel insurance market is fiercely competitive. Major companies in the market include Allianz, American International Group Inc. (AIG), Assicurazioni Generali S.P.A., Aviva, AXA, EUROPEAN Travel Insurance Group, Insure & Go, Insurance Services Limited, Mutuaide, The April Group, and Zurich. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Europe travel insurance market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Europe Travel Insurance Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Europe Travel Insurance Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

1. Research Framework: 1.1. Research Objective; 1.2. Product Overview; 1.3. Market Segmentation
2. Executive Summary
3. Europe Travel Insurance Market Insights: 3.1. Industry Value Chain Analysis; 3.2. DROC Analysis; 3.2.1. Growth Drivers; 3.2.1.1. Booming tourism industry; 3.2.1.2. Increasing awareness of the benefits of travel insurance; 3.2.1.3. Growing popularity of adventure travel; 3.2.2. Restraints; 3.2.2.1. High cost of acquiring travel insurance products; 3.2.3. Opportunities; 3.2.3.1. Cross-selling opportunities with other insurance products; 3.2.4. Challenges; 3.2.4.1. Delays or disputes in claims processing; 3.2.4.2. Climate change and its impact on travel-related risks; 3.3. Technological Advancements/Recent Developments; 3.4. Regulatory Framework; 3.5. Porter’s Five Forces Analysis; 3.5.1. Bargaining Power of Suppliers; 3.5.2. Bargaining Power of Buyers; 3.5.3. Threat of New Entrants; 3.5.4. Threat of Substitutes; 3.5.5. Intensity of Rivalry
4. Europe Travel Insurance Market Overview: 4.1. Market Category & Forecast, 2019–2029; 4.1.1. By Value (USD Million); 4.2. Market Share & Forecast; 4.2.1. By Category; 4.2.1.1. Domestic; 4.2.1.2. International; 4.2.2. By Type; 4.2.2.1. Single-Trip Travel Insurance; 4.2.2.2. Multi-Trip Travel Insurance; 4.2.2.3. Extended Travel Insurance; 4.2.3. By Distribution Channel; 4.2.3.1. Insurance Companies; 4.2.3.2. Insurance Intermediaries; 4.2.3.3. Banks; 4.2.3.4. Insurance Aggregators; 4.2.3.5. Insurance Brokers; 4.2.4. By End User; 4.2.4.1. Senior Citizens; 4.2.4.2. Health Travelers; 4.2.4.3. Education Travelers; 4.2.4.4. Business Travelers; 4.2.4.5. Family Travelers; 4.2.4.6. Others; 4.2.5. By Coverage; 4.2.5.1. Medical Expense; 4.2.5.2. Trip Delay; 4.2.5.3. Trip Cancellation; 4.2.5.4. Property Damage; 4.2.5.5. Theft/Loss; 4.2.5.6. Others; 4.2.6. By Country; 4.2.6.1. Germany; 4.2.6.2. United Kingdom; 4.2.6.3. Italy; 4.2.6.4. France; 4.2.6.5. Spain; 4.2.6.6. Belgium; 4.2.6.7. Russia; 4.2.6.8. The Netherlands; 4.2.6.9. Rest of Europe
5. Germany Travel Insurance Market: 5.1. Market Category & Forecast, 2019–2029; 5.1.1. By Value (USD Million); 5.2. Market Share & Forecast; 5.2.1. By Category; 5.2.2. By Type; 5.2.3. By Distribution Channel; 5.2.4. By End User; 5.2.5. By Coverage
6. United Kingdom Travel Insurance Market: 6.1. Market Category & Forecast, 2019–2029; 6.1.1. By Value (USD Million); 6.2. Market Share & Forecast; 6.2.1. By Category; 6.2.2. By Type; 6.2.3. By Distribution Channel; 6.2.4. By End User; 6.2.5. By Coverage
7. Italy Travel Insurance Market: 7.1. Market Category & Forecast, 2019–2029; 7.1.1. By Value (USD Million); 7.2. Market Share & Forecast; 7.2.1. By Category; 7.2.2. By Type; 7.2.3. By Distribution Channel; 7.2.4. By End User; 7.2.5. By Coverage
8. France Travel Insurance Market: 8.1. Market Category & Forecast, 2019–2029; 8.1.1. By Value (USD Million); 8.2. Market Share & Forecast; 8.2.1. By Category; 8.2.2. By Type; 8.2.3. By Distribution Channel; 8.2.4. By End User; 8.2.5. By Coverage
9. Spain Travel Insurance Market: 9.1. Market Category & Forecast, 2019–2029; 9.1.1. By Value (USD Million); 9.2. Market Share & Forecast; 9.2.1. By Category; 9.2.2. By Type; 9.2.3. By Distribution Channel; 9.2.4. By End User; 9.2.5. By Coverage
10. Belgium Travel Insurance Market: 10.1. Market Category & Forecast, 2019–2029; 10.1.1. By Value (USD Million); 10.2. Market Share & Forecast; 10.2.1. By Category; 10.2.2. By Type; 10.2.3. By Distribution Channel; 10.2.4. By End User; 10.2.5. By Coverage
11. Russia Travel Insurance Market: 11.1. Market Category & Forecast, 2019–2029; 11.1.1. By Value (USD Million); 11.2. Market Share & Forecast; 11.2.1. By Category; 11.2.2. By Type; 11.2.3. By Distribution Channel; 11.2.4. By End User; 11.2.5. By Coverage
12. The Netherlands Travel Insurance Market: 12.1. Market Category & Forecast, 2019–2029; 12.1.1. By Value (USD Million); 12.2. Market Share & Forecast; 12.2.1. By Category; 12.2.2. By Type; 12.2.3. By Distribution Channel; 12.2.4. By End User; 12.2.5. By Coverage
13. Rest of Europe Travel Insurance Market: 13.1. Market Category & Forecast, 2019–2029; 13.1.1. By Value (USD Million); 13.2. Market Share & Forecast; 13.2.1. By Category; 13.2.2. By Type; 13.2.3. By Distribution Channel; 13.2.4. By End User; 13.2.5. By Coverage
14. Competitive Landscape: 14.1. List of Key Players and Their Offerings; 14.2. Europe Travel Insurance Company Market Share Analysis, 2022; 14.3. Competitive Benchmarking, By Operating Parameters; 14.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
15. Impact of Covid-19 on Europe Travel Insurance Market
16. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis): 16.1. Allianz; 16.2. American International Group Inc. (AIG); 16.3. Assicurazioni Generali S.P.A.; 16.4. Aviva; 16.5. AXA; 16.6. EUROPEAN Travel Insurance Group; 16.7. Insure & Go Insurance Services Limited; 16.8. Mutuaide; 16.9. The April Group; 16.10. Zurich; 16.11. Other Prominent Players
17. Key Strategic Recommendations
18. Research Methodology: 18.1. Qualitative Research; 18.1.1. Primary & Secondary Research; 18.2. Quantitative Research; 18.3. Market Breakdown & Data Triangulation; 18.3.1. Secondary Research; 18.3.2. Primary Research; 18.4. Breakdown of Primary Research Respondents, By Country; 18.5. Assumptions & Limitations; *Financial information of non-listed companies can be provided as per availability.; **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures: Figure 1 Europe Travel Insurance Segmentation; Figure 2 Europe Travel Insurance Market Value Chain Analysis; Figure 3 Company Market Share Analysis, 2022; Figure 4 Europe Travel Insurance Market Size, By Value (USD Million), 2019–2029; Figure 5 Europe Travel Insurance Market Share, By Category, By Value, 2019–2029; Figure 6 Europe Travel Insurance Market Share, By Type, By Value, 2019–2029; Figure 7 Europe Travel Insurance Market Share, By Distribution Channel, By Value, 2019–2029; Figure 8 Europe Travel Insurance Market Share, By End User, By Value, 2019–2029; Figure 9 Europe Travel Insurance Market Share, By Coverage, By Value, 2019–2029; Figure 10 Europe Travel Insurance Market Share, By Country, By Value, 2019–2029; Figure 11 Germany Travel Insurance Market Size, By Value (USD Million), 2019–2029; Figure 12 Germany Travel Insurance Market Share, By Category, By Value, 2019–2029; Figure 13 Germany Travel Insurance Market Share, By Type, By Value, 2019–2029; Figure 14 Germany Travel Insurance Market Share, By Distribution Channel, By Value, 2019–2029; Figure 15 Germany Travel Insurance Market Share, By End User, By Value, 2019–2029; Figure 16 Germany Travel Insurance Market Share, By Coverage, By Value, 2019–2029; Figure 17 United Kingdom Travel Insurance Market Size, By Value (USD Million), 2019–2029; Figure 18 United Kingdom Travel Insurance Market Share, By Category, By Value, 2019–2029; Figure 19 United Kingdom Travel Insurance Market Share, By Type, By Value, 2019–2029; Figure 20 United Kingdom Travel Insurance Market Share, By Distribution Channel, By Value, 2019–2029; Figure 21 United Kingdom Travel Insurance Market Share, By End User, By Value, 2019–2029; Figure 22 United Kingdom Travel Insurance Market Share, By Coverage, By Value, 2019–2029; Figure 23 Italy Travel Insurance Market Size, By Value (USD Million), 2019–2029; Figure 24 Italy Travel Insurance Market Share, By Category, By Value, 2019–2029; Figure 25 Italy Travel Insurance Market Share, By Type, By Value, 2019–2029; Figure 26 Italy Travel Insurance Market Share, By Distribution Channel, By Value, 2019–2029; Figure 27 Italy Travel Insurance Market Share, By End User, By Value, 2019–2029; Figure 28 Italy Travel Insurance Market Share, By Coverage, By Value, 2019–2029; Figure 29 France Travel Insurance Market Size, By Value (USD Million), 2019–2029; Figure 30 France Travel Insurance Market Share, By Category, By Value, 2019–2029; Figure 31 France Travel Insurance Market Share, By Type, By Value, 2019–2029; Figure 32 France Travel Insurance Market Share, By Distribution Channel, By Value, 2019–2029; Figure 33 France Travel Insurance Market Share, By End User, By Value, 2019–2029; Figure 34 France Travel Insurance Market Share, By Coverage, By Value, 2019–2029; Figure 35 Spain Travel Insurance Market Size, By Value (USD Million), 2019–2029; Figure 36 Spain Travel Insurance Market Share, By Category, By Value, 2019–2029; Figure 37 Spain Travel Insurance Market Share, By Type, By Value, 2019–2029; Figure 38 Spain Travel Insurance Market Share, By Distribution Channel, By Value, 2019–2029; Figure 39 Spain Travel Insurance Market Share, By End User, By Value, 2019–2029; Figure 40 Spain Travel Insurance Market Share, By Coverage, By Value, 2019–2029; Figure 41 Belgium Travel Insurance Market Size, By Value (USD Million), 2019–2029; Figure 42 Belgium Travel Insurance Market Share, By Category, By Value, 2019–2029; Figure 43 Belgium Travel Insurance Market Share, By Type, By Value, 2019–2029; Figure 44 Belgium Travel Insurance Market Share, By Distribution Channel, By Value, 2019–2029; Figure 45 Belgium Travel Insurance Market Share, By End User, By Value, 2019–2029; Figure 46 Belgium Travel Insurance Market Share, By Coverage, By Value, 2019–2029; Figure 47 Russia Travel Insurance Market Size, By Value (USD Million), 2019–2029; Figure 48 Russia Travel Insurance Market Share, By Category, By Value, 2019–2029; Figure 49 Russia Travel Insurance Market Share, By Type, By Value, 2019–2029; Figure 50 Russia Travel Insurance Market Share, By Distribution Channel, By Value, 2019–2029; Figure 51 Russia Travel Insurance Market Share, By End User, By Value, 2019–2029; Figure 52 Russia Travel Insurance Market Share, By Coverage, By Value, 2019–2029; Figure 53 The Netherlands Travel Insurance Market Size, By Value (USD Million), 2019–2029; Figure 54 The Netherlands Travel Insurance Market Share, By Category, By Value, 2019–2029; Figure 55 The Netherlands Travel Insurance Market Share, By Type, By Value, 2019–2029; Figure 56 The Netherlands Travel Insurance Market Share, By Distribution Channel, By Value, 2019–2029; Figure 57 The Netherlands Travel Insurance Market Share, By End User, By Value, 2019–2029; Figure 58 The Netherlands Travel Insurance Market Share, By Coverage, By Value, 2019–2029; Figure 59 Rest of Europe Travel Insurance Market Size, By Value (USD Million), 2019–2029; Figure 60 Rest of Europe Travel Insurance Market Share, By Category, By Value, 2019–2029; Figure 61 Rest of Europe Travel Insurance Market Share, By Type, By Value, 2019–2029; Figure 62 Rest of Europe Travel Insurance Market Share, By Distribution Channel, By Value, 2019–2029; Figure 63 Rest of Europe Travel Insurance Market Share, By End User, By Value, 2019–2029; Figure 64 Rest of Europe Travel Insurance Market Share, By Coverage, By Value, 2019–2029
List of Tables: Table 1 Europe Travel Insurance Market Size, By Value (USD Million), 2019–2029; Table 2 Europe Travel Insurance Market Size, By Category, By Value, 2019–2029; Table 3 Europe Travel Insurance Market Size, By Type, By Value, 2019–2029; Table 4 Europe Travel Insurance Market Size, By Distribution Channel, By Value, 2019–2029; Table 5 Europe Travel Insurance Market Size, By End User, By Value, 2019–2029; Table 6 Europe Travel Insurance Market Size, By Coverage, By Value, 2019–2029; Table 7 Europe Travel Insurance Market Size, By Country, By Value, 2019–2029; Table 8 Germany Travel Insurance Market Size, By Value (USD Million), 2019–2029; Table 9 Germany Travel Insurance Market Size, By Category, By Value, 2019–2029; Table 10 Germany Travel Insurance Market Size, By Type, By Value, 2019–2029; Table 11 Germany Travel Insurance Market Size, By Distribution Channel, By Value, 2019–2029; Table 12 Germany Travel Insurance Market Size, By End User, By Value, 2019–2029; Table 13 Germany Travel Insurance Market Size, By Coverage, By Value, 2019–2029; Table 14 United Kingdom Travel Insurance Market Size, By Value (USD Million), 2019–2029; Table 15 United Kingdom Travel Insurance Market Size, By Category, By Value, 2019–2029; Table 16 United Kingdom Travel Insurance Market Size, By Type, By Value, 2019–2029; Table 17 United Kingdom Travel Insurance Market Size, By Distribution Channel, By Value, 2019–2029; Table 18 United Kingdom Travel Insurance Market Size, By End User, By Value, 2019–2029; Table 19 United Kingdom Travel Insurance Market Size, By Coverage, By Value, 2019–2029; Table 20 Italy Travel Insurance Market Size, By Value (USD Million), 2019–2029; Table 21 Italy Travel Insurance Market Size, By Category, By Value, 2019–2029; Table 22 Italy Travel Insurance Market Size, By Type, By Value, 2019–2029; Table 23 Italy Travel Insurance Market Size, By Distribution Channel, By Value, 2019–2029; Table 24 Italy Travel Insurance Market Size, By End User, By Value, 2019–2029; Table 25 Italy Travel Insurance Market Size, By Coverage, By Value, 2019–2029; Table 26 France Travel Insurance Market Size, By Value (USD Million), 2019–2029; Table 27 France Travel Insurance Market Size, By Category, By Value, 2019–2029; Table 28 France Travel Insurance Market Size, By Type, By Value, 2019–2029; Table 29 France Travel Insurance Market Size, By Distribution Channel, By Value, 2019–2029; Table 30 France Travel Insurance Market Size, By End User, By Value, 2019–2029; Table 31 France Travel Insurance Market Size, By Coverage, By Value, 2019–2029; Table 32 Spain Travel Insurance Market Size, By Value (USD Million), 2019–2029; Table 33 Spain Travel Insurance Market Size, By Category, By Value, 2019–2029; Table 34 Spain Travel Insurance Market Size, By Type, By Value, 2019–2029; Table 35 Spain Travel Insurance Market Size, By Distribution Channel, By Value, 2019–2029; Table 36 Spain Travel Insurance Market Size, By End User, By Value, 2019–2029; Table 37 Spain Travel Insurance Market Size, By Coverage, By Value, 2019–2029; Table 38 Belgium Travel Insurance Market Size, By Value (USD Million), 2019–2029; Table 39 Belgium Travel Insurance Market Size, By Category, By Value, 2019–2029; Table 40 Belgium Travel Insurance Market Size, By Type, By Value, 2019–2029; Table 41 Belgium Travel Insurance Market Size, By Distribution Channel, By Value, 2019–2029; Table 42 Belgium Travel Insurance Market Size, By End User, By Value, 2019–2029; Table 43 Belgium Travel Insurance Market Size, By Coverage, By Value, 2019–2029; Table 44 Russia Travel Insurance Market Size, By Value (USD Million), 2019–2029; Table 45 Russia Travel Insurance Market Size, By Category, By Value, 2019–2029; Table 46 Russia Travel Insurance Market Size, By Type, By Value, 2019–2029; Table 47 Russia Travel Insurance Market Size, By Distribution Channel, By Value, 2019–2029; Table 48 Russia Travel Insurance Market Size, By End User, By Value, 2019–2029; Table 49 Russia Travel Insurance Market Size, By Coverage, By Value, 2019–2029; Table 50 The Netherlands Travel Insurance Market Size, By Value (USD Million), 2019–2029; Table 51 The Netherlands Travel Insurance Market Size, By Category, By Value, 2019–2029; Table 52 The Netherlands Travel Insurance Market Size, By Type, By Value, 2019–2029; Table 53 The Netherlands Travel Insurance Market Size, By Distribution Channel, By Value, 2019–2029; Table 54 The Netherlands Travel Insurance Market Size, By End User, By Value, 2019–2029; Table 55 The Netherlands Travel Insurance Market Size, By Coverage, By Value, 2019–2029; Table 56 Rest of Europe Travel Insurance Market Size, By Value (USD Million), 2019–2029; Table 57 Rest of Europe Travel Insurance Market Size, By Category, By Value, 2019–2029; Table 58 Rest of Europe Travel Insurance Market Size, By Type, By Value, 2019–2029; Table 59 Rest of Europe Travel Insurance Market Size, By Distribution Channel, By Value, 2019–2029; Table 60 Rest of Europe Travel Insurance Market Size, By End User, By Value, 2019–2029; Table 61 Rest of Europe Travel Insurance Market Size, By Coverage, By Value, 2019–2029; Table 62 Allianz Company Overview; Table 63 Allianz Financial Overview; Table 64 American International Group Inc. (AIG) Company Overview; Table 65 American International Group Inc. (AIG) Financial Overview; Table 66 Assicurazioni Generali S.P.A. Company Overview; Table 67 Assicurazioni Generali S.P.A. Financial Overview; Table 68 Aviva Company Overview; Table 69 Aviva Financial Overview; Table 70 AXA Company Overview; Table 71 AXA Financial Overview; Table 72 EUROPEAN Travel Insurance Group Company Overview; Table 73 EUROPEAN Travel Insurance Group Financial Overview; Table 74 Insure & Go Insurance Services Limited Company Overview; Table 75 Insure & Go Insurance Services Limited Financial Overview; Table 76 Mutuaide Company Overview; Table 77 Mutuaide Financial Overview; Table 78 The April Group Company Overview; Table 79 The April Group Financial Overview; Table 80 Zurich Company Overview; Table 81 Zurich Financial Overview; Table 82 Other Prominent Players Company Overview; Table 83 Other Prominent Players Financial Overview

Pricing

Currency Rates

Single User Email from Publisher $3,599
Multi User License (5-7 Users) Fulfilled by Publisher $4,000
Global Site License Email from Publisher $4,500

How Do Licenses Work?

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.

Chat Now