Global Travel Insurance Market Research Report 2025(Status and Outlook)
Description
Report Overview
The travel insurance market encompasses a range of products designed to protect travelers against financial losses arising from unforeseen events during domestic or international trips, including medical emergencies, trip cancellations, lost luggage, flight delays, and other disruptions. Policies can be tailored to individual needs, offering coverage for single trips, multiple trips, or long-term stays, and are typically purchased through insurers, travel agencies, or online platforms. The market is driven by increasing global travel, heightened awareness of risks, and regulatory requirements in certain destinations mandating coverage. Emerging trends include the integration of digital tools for claims processing, demand for pandemic-related coverage, and partnerships between insurers and travel service providers to offer bundled solutions. Competitive dynamics involve traditional insurers, specialized providers, and insurtech startups leveraging AI and data analytics to personalize offerings. Growth is further supported by rising disposable incomes, corporate travel policies, and the expansion of adventure tourism, though challenges such as price sensitivity, fraud risks, and complex claim procedures persist. Geographically, North America and Europe dominate due to high travel volumes, while Asia-Pacific shows rapid growth fueled by rising middle-class mobility. Regulatory scrutiny and consumer expectations for transparency continue to shape product innovation and distribution strategies.
The global Travel Insurance market size was estimated at USD 16770.0 million in 2024, exhibiting a CAGR of 7.50% during the forecast period.
This report provides a deep insight into the global Travel Insurance market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Travel Insurance Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Travel Insurance market in any manner.
Global Travel Insurance Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Allianz
Munich Re Group
AIG
Assicurazioni Generali
Prudential
ACE&Chubb
Manulife
UnitedHealthcare Global
Mapfre
AXA
Tokio Marine Holdings
China Pacific insurance
Hanse Merkur
Ping An Insurance (Group) Company of China
People's insurance company of China
China Life
Sompo Japan Nipponkoa
Market Segmentation (by Type)
Trip Cancellation
Trip Delay
Medical Expense
Property Damage
Other
Market Segmentation (by Application)
Family Traveler
Senior Citizens
Business Traveler
Other
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Travel Insurance Market
Overview of the regional outlook of the Travel Insurance Market:
Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Travel Insurance Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 shares the main producing countries of Travel Insurance, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.
Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.
Chapter 13 is the main points and conclusions of the report.
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
The travel insurance market encompasses a range of products designed to protect travelers against financial losses arising from unforeseen events during domestic or international trips, including medical emergencies, trip cancellations, lost luggage, flight delays, and other disruptions. Policies can be tailored to individual needs, offering coverage for single trips, multiple trips, or long-term stays, and are typically purchased through insurers, travel agencies, or online platforms. The market is driven by increasing global travel, heightened awareness of risks, and regulatory requirements in certain destinations mandating coverage. Emerging trends include the integration of digital tools for claims processing, demand for pandemic-related coverage, and partnerships between insurers and travel service providers to offer bundled solutions. Competitive dynamics involve traditional insurers, specialized providers, and insurtech startups leveraging AI and data analytics to personalize offerings. Growth is further supported by rising disposable incomes, corporate travel policies, and the expansion of adventure tourism, though challenges such as price sensitivity, fraud risks, and complex claim procedures persist. Geographically, North America and Europe dominate due to high travel volumes, while Asia-Pacific shows rapid growth fueled by rising middle-class mobility. Regulatory scrutiny and consumer expectations for transparency continue to shape product innovation and distribution strategies.
The global Travel Insurance market size was estimated at USD 16770.0 million in 2024, exhibiting a CAGR of 7.50% during the forecast period.
This report provides a deep insight into the global Travel Insurance market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Travel Insurance Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Travel Insurance market in any manner.
Global Travel Insurance Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Allianz
Munich Re Group
AIG
Assicurazioni Generali
Prudential
ACE&Chubb
Manulife
UnitedHealthcare Global
Mapfre
AXA
Tokio Marine Holdings
China Pacific insurance
Hanse Merkur
Ping An Insurance (Group) Company of China
People's insurance company of China
China Life
Sompo Japan Nipponkoa
Market Segmentation (by Type)
Trip Cancellation
Trip Delay
Medical Expense
Property Damage
Other
Market Segmentation (by Application)
Family Traveler
Senior Citizens
Business Traveler
Other
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Travel Insurance Market
Overview of the regional outlook of the Travel Insurance Market:
Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Travel Insurance Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 shares the main producing countries of Travel Insurance, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.
Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.
Chapter 13 is the main points and conclusions of the report.
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
Table of Contents
122 Pages
- 1 Research Methodology and Statistical Scope
- 1.1 Market Definition and Statistical Scope of Travel Insurance
- 1.2 Key Market Segments
- 1.2.1 Travel Insurance Segment by Type
- 1.2.2 Travel Insurance Segment by Application
- 1.3 Methodology & Sources of Information
- 1.3.1 Research Methodology
- 1.3.2 Research Process
- 1.3.3 Market Breakdown and Data Triangulation
- 1.3.4 Base Year
- 1.3.5 Report Assumptions & Caveats
- 2 Travel Insurance Market Overview
- 2.1 Global Market Overview
- 2.2 Market Segment Executive Summary
- 2.3 Global Market Size by Region
- 3 Travel Insurance Market Competitive Landscape
- 3.1 Company Assessment Quadrant
- 3.2 Global Travel Insurance Product Life Cycle
- 3.3 Global Travel Insurance Revenue Market Share by Company (2020-2025)
- 3.4 Travel Insurance Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
- 3.5 Travel Insurance Company Headquarters, Area Served, Product Type
- 3.6 Travel Insurance Market Competitive Situation and Trends
- 3.6.1 Travel Insurance Market Concentration Rate
- 3.6.2 Global 5 and 10 Largest Travel Insurance Players Market Share by Revenue
- 3.6.3 Mergers & Acquisitions, Expansion
- 4 Travel Insurance Value Chain Analysis
- 4.1 Travel Insurance Value Chain Analysis
- 4.2 Midstream Market Analysis
- 4.3 Downstream Customer Analysis
- 5 The Development and Dynamics of Travel Insurance Market
- 5.1 Key Development Trends
- 5.2 Driving Factors
- 5.3 Market Challenges
- 5.4 Industry News
- 5.4.1 New Product Developments
- 5.4.2 Mergers & Acquisitions
- 5.4.3 Expansions
- 5.4.4 Collaboration/Supply Contracts
- 5.5 PEST Analysis
- 5.5.1 Industry Policies Analysis
- 5.5.2 Economic Environment Analysis
- 5.5.3 Social Environment Analysis
- 5.5.4 Technological Environment Analysis
- 5.6 Global Travel Insurance Market Porter's Five Forces Analysis
- 6 Travel Insurance Market Segmentation by Type
- 6.1 Evaluation Matrix of Segment Market Development Potential (Type)
- 6.2 Global Travel Insurance Market Size Market Share by Type (2020-2025)
- 6.3 Global Travel Insurance Market Size Growth Rate by Type (2021-2025)
- 7 Travel Insurance Market Segmentation by Application
- 7.1 Evaluation Matrix of Segment Market Development Potential (Application)
- 7.2 Global Travel Insurance Market Size (M USD) by Application (2020-2025)
- 7.3 Global Travel Insurance Sales Growth Rate by Application (2020-2025)
- 8 Travel Insurance Market Segmentation by Region
- 8.1 Global Travel Insurance Market Size by Region
- 8.1.1 Global Travel Insurance Market Size by Region
- 8.1.2 Global Travel Insurance Market Size Market Share by Region
- 8.2 North America
- 8.2.1 North America Travel Insurance Market Size by Country
- 8.2.2 U.S.
- 8.2.3 Canada
- 8.2.4 Mexico
- 8.3 Europe
- 8.3.1 Europe Travel Insurance Market Size by Country
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 U.K.
- 8.3.5 Italy
- 8.3.6 Spain
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific Travel Insurance Market Size by Region
- 8.4.2 China
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 India
- 8.4.6 Southeast Asia
- 8.5 South America
- 8.5.1 South America Travel Insurance Market Size by Country
- 8.5.2 Brazil
- 8.5.3 Argentina
- 8.5.4 Columbia
- 8.6 Middle East and Africa
- 8.6.1 Middle East and Africa Travel Insurance Market Size by Region
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Egypt
- 8.6.5 Nigeria
- 8.6.6 South Africa
- 9 Key Companies Profile
- 9.1 Allianz
- 9.1.1 Allianz Basic Information
- 9.1.2 Allianz Travel Insurance Product Overview
- 9.1.3 Allianz Travel Insurance Product Market Performance
- 9.1.4 Allianz SWOT Analysis
- 9.1.5 Allianz Business Overview
- 9.1.6 Allianz Recent Developments
- 9.2 Munich Re Group
- 9.2.1 Munich Re Group Basic Information
- 9.2.2 Munich Re Group Travel Insurance Product Overview
- 9.2.3 Munich Re Group Travel Insurance Product Market Performance
- 9.2.4 Munich Re Group SWOT Analysis
- 9.2.5 Munich Re Group Business Overview
- 9.2.6 Munich Re Group Recent Developments
- 9.3 AIG
- 9.3.1 AIG Basic Information
- 9.3.2 AIG Travel Insurance Product Overview
- 9.3.3 AIG Travel Insurance Product Market Performance
- 9.3.4 AIG SWOT Analysis
- 9.3.5 AIG Business Overview
- 9.3.6 AIG Recent Developments
- 9.4 Assicurazioni Generali
- 9.4.1 Assicurazioni Generali Basic Information
- 9.4.2 Assicurazioni Generali Travel Insurance Product Overview
- 9.4.3 Assicurazioni Generali Travel Insurance Product Market Performance
- 9.4.4 Assicurazioni Generali Business Overview
- 9.4.5 Assicurazioni Generali Recent Developments
- 9.5 Prudential
- 9.5.1 Prudential Basic Information
- 9.5.2 Prudential Travel Insurance Product Overview
- 9.5.3 Prudential Travel Insurance Product Market Performance
- 9.5.4 Prudential Business Overview
- 9.5.5 Prudential Recent Developments
- 9.6 ACEandChubb
- 9.6.1 ACEandChubb Basic Information
- 9.6.2 ACEandChubb Travel Insurance Product Overview
- 9.6.3 ACEandChubb Travel Insurance Product Market Performance
- 9.6.4 ACEandChubb Business Overview
- 9.6.5 ACEandChubb Recent Developments
- 9.7 Manulife
- 9.7.1 Manulife Basic Information
- 9.7.2 Manulife Travel Insurance Product Overview
- 9.7.3 Manulife Travel Insurance Product Market Performance
- 9.7.4 Manulife Business Overview
- 9.7.5 Manulife Recent Developments
- 9.8 UnitedHealthcare Global
- 9.8.1 UnitedHealthcare Global Basic Information
- 9.8.2 UnitedHealthcare Global Travel Insurance Product Overview
- 9.8.3 UnitedHealthcare Global Travel Insurance Product Market Performance
- 9.8.4 UnitedHealthcare Global Business Overview
- 9.8.5 UnitedHealthcare Global Recent Developments
- 9.9 Mapfre
- 9.9.1 Mapfre Basic Information
- 9.9.2 Mapfre Travel Insurance Product Overview
- 9.9.3 Mapfre Travel Insurance Product Market Performance
- 9.9.4 Mapfre Business Overview
- 9.9.5 Mapfre Recent Developments
- 9.10 AXA
- 9.10.1 AXA Basic Information
- 9.10.2 AXA Travel Insurance Product Overview
- 9.10.3 AXA Travel Insurance Product Market Performance
- 9.10.4 AXA Business Overview
- 9.10.5 AXA Recent Developments
- 9.11 Tokio Marine Holdings
- 9.11.1 Tokio Marine Holdings Basic Information
- 9.11.2 Tokio Marine Holdings Travel Insurance Product Overview
- 9.11.3 Tokio Marine Holdings Travel Insurance Product Market Performance
- 9.11.4 Tokio Marine Holdings Business Overview
- 9.11.5 Tokio Marine Holdings Recent Developments
- 9.12 China Pacific insurance
- 9.12.1 China Pacific insurance Basic Information
- 9.12.2 China Pacific insurance Travel Insurance Product Overview
- 9.12.3 China Pacific insurance Travel Insurance Product Market Performance
- 9.12.4 China Pacific insurance Business Overview
- 9.12.5 China Pacific insurance Recent Developments
- 9.13 Hanse Merkur
- 9.13.1 Hanse Merkur Basic Information
- 9.13.2 Hanse Merkur Travel Insurance Product Overview
- 9.13.3 Hanse Merkur Travel Insurance Product Market Performance
- 9.13.4 Hanse Merkur Business Overview
- 9.13.5 Hanse Merkur Recent Developments
- 9.14 Ping An Insurance (Group) Company of China
- 9.14.1 Ping An Insurance (Group) Company of China Basic Information
- 9.14.2 Ping An Insurance (Group) Company of China Travel Insurance Product Overview
- 9.14.3 Ping An Insurance (Group) Company of China Travel Insurance Product Market Performance
- 9.14.4 Ping An Insurance (Group) Company of China Business Overview
- 9.14.5 Ping An Insurance (Group) Company of China Recent Developments
- 9.15 People's insurance company of China
- 9.15.1 People's insurance company of China Basic Information
- 9.15.2 People's insurance company of China Travel Insurance Product Overview
- 9.15.3 People's insurance company of China Travel Insurance Product Market Performance
- 9.15.4 People's insurance company of China Business Overview
- 9.15.5 People's insurance company of China Recent Developments
- 9.16 China Life
- 9.16.1 China Life Basic Information
- 9.16.2 China Life Travel Insurance Product Overview
- 9.16.3 China Life Travel Insurance Product Market Performance
- 9.16.4 China Life Business Overview
- 9.16.5 China Life Recent Developments
- 9.17 Sompo Japan Nipponkoa
- 9.17.1 Sompo Japan Nipponkoa Basic Information
- 9.17.2 Sompo Japan Nipponkoa Travel Insurance Product Overview
- 9.17.3 Sompo Japan Nipponkoa Travel Insurance Product Market Performance
- 9.17.4 Sompo Japan Nipponkoa Business Overview
- 9.17.5 Sompo Japan Nipponkoa Recent Developments
- 10 Travel Insurance Market Forecast by Region
- 10.1 Global Travel Insurance Market Size Forecast
- 10.2 Global Travel Insurance Market Forecast by Region
- 10.2.1 North America Market Size Forecast by Country
- 10.2.2 Europe Travel Insurance Market Size Forecast by Country
- 10.2.3 Asia Pacific Travel Insurance Market Size Forecast by Region
- 10.2.4 South America Travel Insurance Market Size Forecast by Country
- 10.2.5 Middle East and Africa Forecasted Sales of Travel Insurance by Country
- 11 Forecast Market by Type and by Application (2026-2033)
- 11.1 Global Travel Insurance Market Forecast by Type (2026-2033)
- 11.2 Global Travel Insurance Market Forecast by Application (2026-2033)
- 12 Conclusion and Key Findings
Pricing
Currency Rates
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