Travel insurance is only a very small part of the overall general insurance market, it covers is available for single trip, annual multi-trip and long stay trips. and the detail are mainly medical expenses, trip cancellation, lost luggage, flight accident and other losses incurred while traveling, either internationally or within one's own country.
Among different applications? in 2022, family traveler will take the largest part, accout for 45.59%
Europe, Asia-Pacific and North America are the three regions that shares most percentage.
According to this study, over the next five years the Travel Insurance market will register a 7.1% CAGR in terms of revenue, the global market size will reach USD 20900 million by 2024, from USD 13800 million in 2019. In particular, this report presents the global revenue market share of key companies in Travel Insurance business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Travel Insurance market by product type, application, key companies and key regions.
This study considers the Travel Insurance value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Single Trip
Annual Multi-trip
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Family Traveler
Senior Citizens
Business Traveler
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Allianz
AIG
Munich RE
Generali
Tokio Marine
Sompo Japan
CSA Travel Protection
AXA
Pingan Baoxian
Mapfre Asistencia
USI Affinity
Seven Corners
Hanse Merkur
MH Ross
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Travel Insurance market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Travel Insurance market by identifying its various subsegments.
Focuses on the key global Travel Insurance players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Travel Insurance with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Travel Insurance submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
