Travel Insurance Industry Research Report 2025

Summary

Travel insurance is a product focused on protecting policyholders against specified losses, accidents or other adverse events, which may occur before or during travel. Examples include trip cancellation/interruption, overseas medical expenses for injury or illness, theft of valuables, and baggage delay or damage. Many travel insurance policies also include the provision of emergency medical assistance services, such as call center operating 24 hours, seven days a week, and an international network of specialist health care providers.

There are standard general exclusions and invalidations on most types of travel insurance policies (for example, self‑inflicted injury, acts of terrorism, non‑approved pre‑existing medical conditions, “dangerous” or extreme activities, and policyholders being under the influence of alcohol or drugs). Travel insurance is generally available in two forms: (i) as a single-trip insurance policy, which provides cover for a specific trip and is matched to the exact characteristic of the trip (e.g. number of travelling days and destination) and (ii) as an annual insurance policy, which covers multiple trips in a year. Travel insurance can be purchased from travel agents, travel suppliers (airlines, hotels, cruise lines, tour operators) a private insurance firm, insurance brokers, or online. The GWP in this report all refer to the Gross written premium from Travel Insurance. The characteristics of fine travel insurance unit of measurement as follow:

According to APO Research, The global Travel Insurance market was valued at US$ million in 2024 and is anticipated to reach US$ million by 2031, witnessing a CAGR of xx% during the forecast period 2025-2031.

North American market for Travel Insurance is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Asia-Pacific market for Travel Insurance is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Europe market for Travel Insurance is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The major global companies of Travel Insurance include Allianz, Munich Re Group, AIG, Assicurazioni Generali, Prudential, ACE&Chubb, Manulife, UnitedHealthcare Global and Mapfre, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Travel Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Travel Insurance.

The Travel Insurance market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Travel Insurance market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2020-2025. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.

Travel Insurance Segment by 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

Travel Insurance Segment by Type

Trip Cancellation
Trip Delay
Medical Expense
Property Damage
Other

Travel Insurance Segment by Application

Family Traveler
Senior Citizens
Business Traveler
Other

Travel Insurance Segment by Application

Family Traveler
Senior Citizens
Business Traveler
Other

Travel Insurance Segment by Region

North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Netherlands
Nordic Countries
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Saudi Arabia
Israel
United Arab Emirates
Turkey
Iran
Egypt

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Travel Insurance market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Travel Insurance and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Travel Insurance.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (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 market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments 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 4: Provides the analysis of various market segments 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 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Travel Insurance companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, South America, Middle East and Africa segment by country. It 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 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.

Please Note: Single-User license will be delivered via PDF from the publisher without the rights to print or to edit.


1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Travel Insurance by Type
2.2.1 Market Value Comparison by Type (2020 VS 2024 VS 2031)
2.2.2 Trip Cancellation
2.2.3 Trip Delay
2.2.4 Medical Expense
2.2.5 Property Damage
2.2.6 Other
2.3 Travel Insurance by Application
2.3.1 Market Value Comparison by Application (2020 VS 2024 VS 2031)
2.3.2 Family Traveler
2.3.3 Senior Citizens
2.3.4 Business Traveler
2.3.5 Other
2.4 Assumptions and Limitations
3 Travel Insurance Breakdown Data by Type
3.1 Global Travel Insurance Historic Market Size by Type (2020-2025)
3.2 Global Travel Insurance Forecasted Market Size by Type (2026-2031)
4 Travel Insurance Breakdown Data by Application
4.1 Global Travel Insurance Historic Market Size by Application (2020-2025)
4.2 Global Travel Insurance Forecasted Market Size by Application (2026-2031)
5 Global Growth Trends
5.1 Global Travel Insurance Market Perspective (2020-2031)
5.2 Global Travel Insurance Growth Trends by Region
5.2.1 Global Travel Insurance Market Size by Region: 2020 VS 2024 VS 2031
5.2.2 Travel Insurance Historic Market Size by Region (2020-2025)
5.2.3 Travel Insurance Forecasted Market Size by Region (2026-2031)
5.3 Travel Insurance Market Dynamics
5.3.1 Travel Insurance Industry Trends
5.3.2 Travel Insurance Market Drivers
5.3.3 Travel Insurance Market Challenges
5.3.4 Travel Insurance Market Restraints
6 Market Competitive Landscape by Players
6.1 Global Top Travel Insurance Players by Revenue
6.1.1 Global Top Travel Insurance Players by Revenue (2020-2025)
6.1.2 Global Travel Insurance Revenue Market Share by Players (2020-2025)
6.2 Global Travel Insurance Industry Players Ranking, 2023 VS 2024 VS 2025
6.3 Global Key Players of Travel Insurance Head Office and Area Served
6.4 Global Travel Insurance Players, Product Type & Application
6.5 Global Travel Insurance Manufacturers Established Date
6.6 Global Travel Insurance Market CR5 and HHI
6.7 Global Players Mergers & Acquisition
7 North America
7.1 North America Travel Insurance Market Size (2020-2031)
7.2 North America Travel Insurance Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 North America Travel Insurance Market Size by Country (2020-2025)
7.4 North America Travel Insurance Market Size by Country (2026-2031)
7.5 United States
7.5 United States
7.6 Canada
7.7 Mexico
8 Europe
8.1 Europe Travel Insurance Market Size (2020-2031)
8.2 Europe Travel Insurance Market Growth Rate by Country: 2020 VS 2024 VS 2031
8.3 Europe Travel Insurance Market Size by Country (2020-2025)
8.4 Europe Travel Insurance Market Size by Country (2026-2031)
8.5 Germany
8.6 France
8.7 U.K.
8.8 Italy
8.9 Spain
8.10 Russia
8.11 Netherlands
8.12 Nordic Countries
9 Asia-Pacific
9.1 Asia-Pacific Travel Insurance Market Size (2020-2031)
9.2 Asia-Pacific Travel Insurance Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Asia-Pacific Travel Insurance Market Size by Country (2020-2025)
9.4 Asia-Pacific Travel Insurance Market Size by Country (2026-2031)
9.5 China
9.6 Japan
9.7 South Korea
9.8 India
9.9 Australia
9.10 China Taiwan
9.11 Southeast Asia
10 South America
10.1 South America Travel Insurance Market Size (2020-2031)
10.2 South America Travel Insurance Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 South America Travel Insurance Market Size by Country (2020-2025)
10.4 South America Travel Insurance Market Size by Country (2026-2031)
10.5 Brazil
10.6 Argentina
10.7 Chile
10.8 Colombia
10.9 Peru
11 Middle East & Africa
11.1 Middle East & Africa Travel Insurance Market Size (2020-2031)
11.2 Middle East & Africa Travel Insurance Market Growth Rate by Country: 2020 VS 2024 VS 2031
11.3 Middle East & Africa Travel Insurance Market Size by Country (2020-2025)
11.4 Middle East & Africa Travel Insurance Market Size by Country (2026-2031)
11.5 Saudi Arabia
11.6 Israel
11.7 United Arab Emirates
11.8 Turkey
11.9 Iran
11.10 Egypt
12 Players Profiled
12.1 Allianz
12.1.1 Allianz Company Information
12.1.2 Allianz Business Overview
12.1.3 Allianz Revenue in Travel Insurance Business (2020-2025)
12.1.4 Allianz Travel Insurance Product Portfolio
12.1.5 Allianz Recent Developments
12.2 Munich Re Group
12.2.1 Munich Re Group Company Information
12.2.2 Munich Re Group Business Overview
12.2.3 Munich Re Group Revenue in Travel Insurance Business (2020-2025)
12.2.4 Munich Re Group Travel Insurance Product Portfolio
12.2.5 Munich Re Group Recent Developments
12.3 AIG
12.3.1 AIG Company Information
12.3.2 AIG Business Overview
12.3.3 AIG Revenue in Travel Insurance Business (2020-2025)
12.3.4 AIG Travel Insurance Product Portfolio
12.3.5 AIG Recent Developments
12.4 Assicurazioni Generali
12.4.1 Assicurazioni Generali Company Information
12.4.2 Assicurazioni Generali Business Overview
12.4.3 Assicurazioni Generali Revenue in Travel Insurance Business (2020-2025)
12.4.4 Assicurazioni Generali Travel Insurance Product Portfolio
12.4.5 Assicurazioni Generali Recent Developments
12.5 Prudential
12.5.1 Prudential Company Information
12.5.2 Prudential Business Overview
12.5.3 Prudential Revenue in Travel Insurance Business (2020-2025)
12.5.4 Prudential Travel Insurance Product Portfolio
12.5.5 Prudential Recent Developments
12.6 ACE&Chubb
12.6.1 ACE&Chubb Company Information
12.6.2 ACE&Chubb Business Overview
12.6.3 ACE&Chubb Revenue in Travel Insurance Business (2020-2025)
12.6.4 ACE&Chubb Travel Insurance Product Portfolio
12.6.5 ACE&Chubb Recent Developments
12.7 Manulife
12.7.1 Manulife Company Information
12.7.2 Manulife Business Overview
12.7.3 Manulife Revenue in Travel Insurance Business (2020-2025)
12.7.4 Manulife Travel Insurance Product Portfolio
12.7.5 Manulife Recent Developments
12.8 UnitedHealthcare Global
12.8.1 UnitedHealthcare Global Company Information
12.8.2 UnitedHealthcare Global Business Overview
12.8.3 UnitedHealthcare Global Revenue in Travel Insurance Business (2020-2025)
12.8.4 UnitedHealthcare Global Travel Insurance Product Portfolio
12.8.5 UnitedHealthcare Global Recent Developments
12.9 Mapfre
12.9.1 Mapfre Company Information
12.9.2 Mapfre Business Overview
12.9.3 Mapfre Revenue in Travel Insurance Business (2020-2025)
12.9.4 Mapfre Travel Insurance Product Portfolio
12.9.5 Mapfre Recent Developments
12.10 AXA
12.10.1 AXA Company Information
12.10.2 AXA Business Overview
12.10.3 AXA Revenue in Travel Insurance Business (2020-2025)
12.10.4 AXA Travel Insurance Product Portfolio
12.10.5 AXA Recent Developments
12.11 Tokio Marine Holdings
12.11.1 Tokio Marine Holdings Company Information
12.11.2 Tokio Marine Holdings Business Overview
12.11.3 Tokio Marine Holdings Revenue in Travel Insurance Business (2020-2025)
12.11.4 Tokio Marine Holdings Travel Insurance Product Portfolio
12.11.5 Tokio Marine Holdings Recent Developments
12.12 China Pacific insurance
12.12.1 China Pacific insurance Company Information
12.12.2 China Pacific insurance Business Overview
12.12.3 China Pacific insurance Revenue in Travel Insurance Business (2020-2025)
12.12.4 China Pacific insurance Travel Insurance Product Portfolio
12.12.5 China Pacific insurance Recent Developments
12.13 Hanse Merkur
12.13.1 Hanse Merkur Company Information
12.13.2 Hanse Merkur Business Overview
12.13.3 Hanse Merkur Revenue in Travel Insurance Business (2020-2025)
12.13.4 Hanse Merkur Travel Insurance Product Portfolio
12.13.5 Hanse Merkur Recent Developments
12.14 Ping An Insurance (Group) Company of China
12.14.1 Ping An Insurance (Group) Company of China Company Information
12.14.2 Ping An Insurance (Group) Company of China Business Overview
12.14.3 Ping An Insurance (Group) Company of China Revenue in Travel Insurance Business (2020-2025)
12.14.4 Ping An Insurance (Group) Company of China Travel Insurance Product Portfolio
12.14.5 Ping An Insurance (Group) Company of China Recent Developments
12.15 People's insurance company of China
12.15.1 People's insurance company of China Company Information
12.15.2 People's insurance company of China Business Overview
12.15.3 People's insurance company of China Revenue in Travel Insurance Business (2020-2025)
12.15.4 People's insurance company of China Travel Insurance Product Portfolio
12.15.5 People's insurance company of China Recent Developments
12.16 China Life
12.16.1 China Life Company Information
12.16.2 China Life Business Overview
12.16.3 China Life Revenue in Travel Insurance Business (2020-2025)
12.16.4 China Life Travel Insurance Product Portfolio
12.16.5 China Life Recent Developments
12.17 Sompo Japan Nipponkoa
12.17.1 Sompo Japan Nipponkoa Company Information
12.17.2 Sompo Japan Nipponkoa Business Overview
12.17.3 Sompo Japan Nipponkoa Revenue in Travel Insurance Business (2020-2025)
12.17.4 Sompo Japan Nipponkoa Travel Insurance Product Portfolio
12.17.5 Sompo Japan Nipponkoa Recent Developments
13 Report Conclusion
14 Disclaimer

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