
Global Travel Insurance Market Size & Share to 2027
Description
Global Travel Insurance Market Size & Share to 2027
Global Travel Insurance Market Size, Trends & Growth Opportunity), By Insurance Cover (Single-Trip Travel Insurance, Annual Multi-Trip Travel Insurance, and Long-Stay Travel Insurance), By Distribution Channel (Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, and Insurance Aggregators), By End User, By Region and Forecast till 2027
Global Travel Insurance Market
Travel insurance is mainly designed to cover the cost and losses associated with travelling. Travel insurance is useful protection for those travelling domestically or internationally. It is specialized form of insurance intended to cover financial default, medical expenses, and other sources of financial loss during travelling.
Market Drivers
Increase in tourism which led to several incidences like trip cancellers, loss of luggage and important documents, and medical emergencies is the key driving factor for market which is expected to boost the global travel insurance market growth. Furthermore, increase in disposable income, easy online travel bookings, extensive coverage of holidays, package holidays, and others positively contribute the market growth. Also, convenient options offered to customers for travel insurance purchases through online comparison shopping sites like direct airline sites and online travel agencies, company websites and applications will fuel the market growth over the forecast period. In addition to that, travel insurance providers offer various plans by covering costs and losses depending on coverage in the policy which is expected to propel the global travel insurance market growth.
Market Restraints
However, lack of awareness regarding travel insurance policies, and low consumer experiences in terms of coverage are major restraining factors which are expected to hinder the global travel insurance market growth during this analysis period.
Market segmentation
Global Travel Insurance Market is segmented into insurance cover such as Single-Trip Travel Insurance, Annual Multi-Trip Travel Insurance, and Long-Stay Travel Insurance, by distribution channel such as Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, and Insurance Aggregators. Further, market is segmented into end user such as Senior Citizens, Education Travelers, Business Travelers, Family Travelers, and Others.
Also, Global Travel Insurance Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Allianz Group, American International Group Inc., Assicurazioni Generali S.P.A, AXA, Insure & Go Insurance Services Limited, Seven Corners Inc., Travel Insured International, TravelSafe Insurance, USI Insurance Services , and Zurich Insurance Co. Limited
Market Taxonomy
By Insurance Cover
Global Travel Insurance Market Size, Trends & Growth Opportunity), By Insurance Cover (Single-Trip Travel Insurance, Annual Multi-Trip Travel Insurance, and Long-Stay Travel Insurance), By Distribution Channel (Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, and Insurance Aggregators), By End User, By Region and Forecast till 2027
Global Travel Insurance Market
Travel insurance is mainly designed to cover the cost and losses associated with travelling. Travel insurance is useful protection for those travelling domestically or internationally. It is specialized form of insurance intended to cover financial default, medical expenses, and other sources of financial loss during travelling.
Market Drivers
Increase in tourism which led to several incidences like trip cancellers, loss of luggage and important documents, and medical emergencies is the key driving factor for market which is expected to boost the global travel insurance market growth. Furthermore, increase in disposable income, easy online travel bookings, extensive coverage of holidays, package holidays, and others positively contribute the market growth. Also, convenient options offered to customers for travel insurance purchases through online comparison shopping sites like direct airline sites and online travel agencies, company websites and applications will fuel the market growth over the forecast period. In addition to that, travel insurance providers offer various plans by covering costs and losses depending on coverage in the policy which is expected to propel the global travel insurance market growth.
Market Restraints
However, lack of awareness regarding travel insurance policies, and low consumer experiences in terms of coverage are major restraining factors which are expected to hinder the global travel insurance market growth during this analysis period.
Market segmentation
Global Travel Insurance Market is segmented into insurance cover such as Single-Trip Travel Insurance, Annual Multi-Trip Travel Insurance, and Long-Stay Travel Insurance, by distribution channel such as Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, and Insurance Aggregators. Further, market is segmented into end user such as Senior Citizens, Education Travelers, Business Travelers, Family Travelers, and Others.
Also, Global Travel Insurance Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Allianz Group, American International Group Inc., Assicurazioni Generali S.P.A, AXA, Insure & Go Insurance Services Limited, Seven Corners Inc., Travel Insured International, TravelSafe Insurance, USI Insurance Services , and Zurich Insurance Co. Limited
Market Taxonomy
By Insurance Cover
- Single-Trip Travel Insurance
- Annual Multi-Trip Travel Insurance
- Long-Stay Travel Insurance
- Insurance Intermediaries
- Insurance Companies
- Banks
- Insurance Brokers
- Insurance Aggregators
- Senior Citizens
- Education Travelers
- Business Travelers
- Family Travelers
- Others
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- What are the Key Opportunities in Global Travel Insurance Market?
- What will be the growth rate from 2019 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
- What are the strategies adopted by key players?
Table of Contents
159 Pages
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market Definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Travel Insurance Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Travel Insurance Market, By Insurance Cover
- 5.1 Y-o-Y Growth Comparison, By Insurance Cover
- 5.2 Global Travel Insurance Market Share Analysis, By Insurance Cover
- 5.3 Global Travel Insurance Market Size and Forecast, By Insurance Cover
- 5.3.1 Single-Trip Travel insurance
- 5.3.2 Annual Multi-Trip Travel Insurance
- 5.3.3 Long-Stay Travel Insurance
- 6 Global Travel Insurance Market, By Distribution Channel
- 6.1 Y-o-Y Growth Comparison, By Distribution Channel
- 6.2 Global Travel Insurance Market Share Analysis, By Distribution Channel
- 6.3 Global Travel Insurance Market Size and Forecast, By Distribution Channel
- 6.3.1 Insurance Intermediaries
- 6.3.2 Insurance Companies
- 6.3.3 Banks
- 6.3.4 Insurance Brokers
- 6.3.5 Insurance Aggregators
- 7 Global Travel Insurance Market, By End User
- 7.1 Y-o-Y Growth Comparison, By End User
- 7.2 Global Travel Insurance Market Share Analysis, By End User
- 7.3 Global Travel Insurance Market Size and Forecast, By End User
- 7.3.1 Senior Citizen
- 7.3.2. Education Travelers
- 7.3.3. Business Travelers
- 7.3.4 Family Travelers
- 7.3.5 Others
- 8 Global Travel Insurance Market, By Region
- 8.1 Global Travel Insurance Market Share Analysis, By Region
- 8.2 Global Travel Insurance Market Share Analysis, By Region
- 8.3 Global Travel Insurance Market Size and Forecast, By Region
- 9 North America Travel Insurance Market Analysis and Forecast (2020-2027)
- 9.1 Introduction
- 9.2 North America Travel Insurance Market Share Analysis, By Insurance Cover
- 9.3 North America Travel Insurance Market Size and Forecast, By Distribution Channel
- 9.4 North America Travel Insurance Market Size and Forecast, By End User
- 9.5 North America Travel Insurance Market Size and Forecast, By Country
- 9.5.1 U.S.
- 9.5.2 Canada
- 9.5.3 Mexico
- 10 EuropeTravel Insurance Market Analysis and Forecast (2020-2027)
- 10.1 Introduction
- 10.2 Europe Travel Insurance Market Share Analysis, By Insurance Cover
- 10.3 Europe Travel Insurance Market Size and Forecast, By Distribution Channel
- 10.4 Europe Travel Insurance Market Size and Forecast, By End User
- 10.5 Europe Travel Insurance Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.5.4 Rest of Europe
- 11 Asia Pacific Travel Insurance Market Analysis and Forecast (2020-2027)
- 11.1 Introduction
- 11.2 Asia Pacific Travel Insurance Market Share Analysis, By Insurance Cover
- 11.3 Asia Pacific Travel Insurance Market Size and Forecast, By Distribution Channel
- 11.4 Asia Pacific Travel Insurance Market Size and Forecast, By End User
- 11.5 Asia Pacific Travel Insurance Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4 Rest of Asia Pacific
- 12 Latin America Travel Insurance Market Analysis and Forecast (2020-2027)
- 12.1 Introduction
- 12.2 Latin America Travel Insurance Market Share Analysis, By Insurance Cover
- 12.3 Latin America Travel Insurance Market Size and Forecast, By Distribution Channel
- 12.4 Latin America Travel Insurance Market Size and Forecast, By End User
- 12.5 Latin America Travel Insurance Market Size and Forecast, Country
- 13 Middle East Travel Insurance Market Analysis and Forecast (2020-2027)
- 13.1 Introduction
- 13.2 Middle East Travel Insurance Market Share Analysis, By Insurance Cover
- 13.3 Middle East Travel Insurance Market Size and Forecast, By Distribution Channel
- 13.4 Middle East Travel Insurance Market Size and Forecast, By End User
- 13.5 Middle East Travel Insurance Market Size and Forecast, By Country
- 14 Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15 Company Profiles
- 15.1 Allianz Group
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2. American International Group Inc
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3. Assicurazioni Generali S.P.A
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 AXA
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 Insure & Go Insurance Services Limited
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 Seven Corners Inc
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 Travel Insured International
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 TravelSafe Insurance
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 USI Insurance Services
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 Zurich Insurance Co. Limited
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
Pricing
Currency Rates
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