Travel Insurance Market: Global Market Size, Forecast, Insights, and Competitive Landscape
The global travel insurance market is expected to grow at a CAGR of around 8.0% during 2024-2033. This report on global travel insurance market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global travel insurance market by segmenting the market based on insurance type, coverage, distributional channel, end-user, and region. Also, detailed profiles of companies operating in the travel insurance market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Increasing Spending on Travel Protection Plans
• Mandatory Travel Insurance Policies in North America & Europe
• Growth in Tourism Industry in Latin America & MEA
Market Challenges
• Decline in International Travelling Activities due to Coronavirus Pandemics
• Lack of Consumer Experiences in Terms of its Coverages and Premium Rates
Historical & Forecast Period
Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033
Market by Insurance Type
• Single-Trip Travel Insurance
• Annual Multi-Trip Insurance
• Long-Stay Travel Insurance
Market by Coverage
• Medical Expenses
• Trip Cancellation
• Trip Delay
• Property Damage
• Others
Market by Distribution Channel
• Insurance Intermediaries
• Banks
• Insurance Companies
• Insurance Aggregators
• Insurance Brokers
• Others
Market by End-User
• Senior Citizens
• Education Travelers
• Business Travelers
• Family Travelers
• Others
Market by Region
• Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Netherlands
Rest of Europe
• North America
United States
Canada
• Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Rest of Asia Pacific
• Latin America
Mexico
Brazil
Argentina
Rest of Latin America
• Middle East & Africa
Saudi Arabia
Turkey
Iran
United Arab Emirates
Rest of Middle East & Africa
- 1. Preface
- 1.1 Objective
- 1.2 Target Audience & Key Offerings
- 1.3 Report’s Scope
- 1.4 Research Methodology
- 1.4.1 Phase I
- 1.4.2 Phase II
- 1.4.3 Phase III
- 1.5 Assumptions
- 2. Key Insights
- 3. Global Travel Insurance Market
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Challenges
- 4. Global Travel Insurance Market Analysis
- 4.1. Market Portraiture
- 4.2. Market Size
- 4.3. Market Forecast
- 4.4. Impact of COVID-19
- 5. Global Travel Insurance Market by Insurance Type
- 5.1. Introduction
- 5.2. Single-Trip Travel Insurance
- 5.3. Annual Multi-Trip Insurance
- 5.4. Long-Stay Travel Insurance
- 6. Global Travel Insurance Market by Coverage
- 6.1 Introduction
- 6.2 Medical Expenses
- 6.3 Trip Cancellation
- 6.4 Trip Delay
- 6.5 Property Damage
- 6.6 Others
- 7. Global Travel Insurance Market by Distribution Channel
- 7.1 Introduction
- 7.2 Insurance Intermediaries
- 7.3 Banks
- 7.4 Insurance Companies
- 7.5 Insurance Aggregators
- 7.6 Insurance Brokers
- 7.7 Others
- 8. Global Travel Insurance Market by End-User
- 8.1 Introduction
- 8.2 Senior Citizens
- 8.3 Education Travelers
- 8.4 Business Travelers
- 8.5 Family Travelers
- 8.6 Others
- 9. Global Travel Insurance Market by Region
- 9.1 Introduction
- 9.2 Europe
- 9.2.1 Germany
- 9.2.2 United Kingdom
- 9.2.3 France
- 9.2.4 Italy
- 9.2.5 Spain
- 9.2.6 Russia
- 9.2.7 Netherlands
- 9.2.8 Rest of the Europe
- 9.3 North America
- 9.3.1 United States
- 9.3.2 Canada
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 Japan
- 9.4.3 India
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.4.6 Indonesia
- 9.4.7 Rest of the Asia Pacific
- 9.5 Latin America
- 9.5.1 Mexico
- 9.5.2 Brazil
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 Turkey
- 9.6.2 Iran
- 9.6.3 United Arab Emirates
- 9.6.4 Rest of Middle East & Africa
- 10. SWOT Analysis
- 11. Porter’s Five Forces
- 12. Market Value Chain Analysis
- 13. Competitive Landscape
- 13.1 Competitive Scenario
- 13.2 Company Profiles
- 13.2.1 Allianz SE
- 13.2.2 American Express Company
- 13.2.3 American International Group
- 13.2.4 AXA SA
- 13.2.5 Berkshire Hathaway Specialty Insurance Company
- 13.2.6 Generali Group
- 13.2.7 Insure & Go Insurance Services (Mapfre S.A.)
- 13.2.8 Seven Corners Inc.
- 13.2.9 Travel Insured International Inc. (Crum & Forster)
- 13.2.10 USI Affinity (USI Insurance Services)
- 13.2.11 Zurich Insurance Group AG
- List of Figures
- Figure 1: Global Travel Insurance Market (in US$ Million), 2019-2023
- Figure 2: Global Travel Insurance Market by Insurance Type, 2023
- Figure 3: Global Travel Insurance Market by Coverage,2023
- Figure 4: Global Travel Insurance Market by Distributional Channel, 2023
- Figure 5: Global Travel Insurance Market by End-User, 2023
- Figure 6: Global Travel Insurance Market by Region, 2023
- Figure 7: Global Travel Insurance Market (in US$ Million), 2024-2033
- Figure 8: Global Travel Insurance Market by Insurance Type (in %), 2023 & 2033
- Figure 9: Global Single-Trip Travel Insurance Market (in US$ Million), 2019-2023
- Figure 10: Global Single-Trip Travel Insurance Market (in US$ Million), 2024-2033
- Figure 11: Global Annual Multi-Trip Insurance Market (in US$ Million), 2019-2023
- Figure 12: Global Annual Multi-Trip Insurance Market (in US$ Million), 2024-2033
- Figure 13: Global Long-Stay Travel Insurance Market (in US$ Million), 2019-2023
- Figure 14: Global Long-Stay Travel Insurance Market (in US$ Million), 2024-2033
- Figure 15: Global Travel Insurance Market by Coverage (in %), 2023 & 2033
- Figure 16: Global Medical Expenses Travel Insurance Market (in US$ Million), 2019-2023
- Figure 17: Global Medical Expenses Travel Insurance Market (in US$ Million), 2024-2033
- Figure 18: Global Trip Cancellation Travel Insurance Market (in US$ Million), 2019-2023
- Figure 19: Global Trip Cancellation Travel Insurance Market (in US$ Million), 2024-2033
- Figure 20: Global Trip Delay Travel Insurance Market (in US$ Million), 2019-2023
- Figure 21: Global Trip Delay Travel Insurance Market (in US$ Million), 2024-2033
- Figure 22: Global Property Damage Travel Insurance Market (in US$ Million), 2019-2023
- Figure 23: Global Property Damage Travel Insurance Market (in US$ Million), 2024-2033
- Figure 24: Global Other Coverages Travel Insurance Market (in US$ Million), 2019-2023
- Figure 25: Global Other Coverages Travel Insurance Market (in US$ Million), 2024-2033
- Figure 26: Global Travel Insurance Market by Distribution Channel (in %), 2023 & 2033
- Figure 27: Global Insurance Intermediaries Travel Insurance Market (in US$ Million), 2019-2023
- Figure 28: Global Insurance Intermediaries Travel Insurance Market (in US$ Million), 2024-2033
- Figure 29: Global Banks Travel Insurance Market (in US$ Million), 2019-2023
- Figure 30: Global Banks Travel Insurance Market (in US$ Million), 2024-2033
- Figure 31: Global Insurance Companies Travel Insurance Market (in US$ Million), 2019-2023
- Figure 32: Global Insurance Companies Travel Insurance Market (in US$ Million), 2024-2033
- Figure 33: Global Insurance Aggregators Travel Insurance Market (in US$ Million), 2019-2023
- Figure 34: Global Insurance Aggregators Travel Insurance Market (in US$ Million), 2024-2033
- Figure 35: Global Insurance Brokers Travel Insurance Market (in US$ Million), 2019-2023
- Figure 36: Global Insurance Brokers Travel Insurance Market (in US$ Million), 2024-2033
- Figure 37: Global Other Distributional Channels Travel Insurance Market (in US$ Million), 2019-2023
- Figure 38: Global Other Distributional Channels Travel Insurance Market (in US$ Million), 2024-2033
- Figure 39: Global Travel Insurance Market by End-User (in %), 2023 & 2033
- Figure 40: Global Senior Citizens Travel Insurance Market (in US$ Million), 2019-2023
- Figure 41: Global Senior Citizens Travel Insurance Market (in US$ Million), 2024-2033
- Figure 42: Global Education Travelers Travel Insurance Market (in US$ Million), 2019-2023
- Figure 43: Global Education Travelers Travel Insurance Market (in US$ Million), 2024-2033
- Figure 44: Global Business Travelers Travel Insurance Market (in US$ Million), 2019-2023
- Figure 45: Global Business Travelers Travel Insurance Market (in US$ Million), 2024-2033
- Figure 46: Global Family Travelers Travel Insurance Market (in US$ Million), 2019-2023
- Figure 47: Global Family Travelers Travel Insurance Market (in US$ Million), 2024-2033
- Figure 48: Global Other End-Users Travel Insurance Market (in US$ Million), 2019-2023
- Figure 49: Global Other End-Users Travel Insurance Market (in US$ Million), 2024-2033
- Figure 50: Global Travel Insurance Market by Region (in %), 2023 & 2033
- Figure 51: Europe Travel Insurance Market (in US$ Million), 2019-2023
- Figure 52: Europe Travel Insurance Market (in US$ Million), 2024-2033
- Figure 53: Europe Travel Insurance Market by Country (in %), 2023 & 2033
- Figure 54: Germany Travel Insurance Market (in US$ Million), 2019-2033
- Figure 55: United Kingdom Travel Insurance Market (in US$ Million), 2019-2033
- Figure 56: France Travel Insurance Market (in US$ Million), 2019-2033
- Figure 57: Italy Travel Insurance Market (in US$ Million), 2019-2033
- Figure 58: Spain Travel Insurance Market (in US$ Million), 2019-2033
- Figure 59: Russia Travel Insurance Market (in US$ Million), 2019-2033
- Figure 60: Netherlands Travel Insurance Market (in US$ Million), 2019-2033
- Figure 61: North America Travel Insurance Market (in US$ Million), 2019-2023
- Figure 62: North America Travel Insurance Market (in US$ Million), 2024-2033
- Figure 63: North America Travel Insurance Market by Country (in %), 2023 & 2033
- Figure 64: United States Travel Insurance Market (in US$ Million), 2019-2033
- Figure 65: Canada Travel Insurance Market (in US$ Million), 2019-2033
- Figure 66: Asia Pacific Travel Insurance Market (in US$ Million), 2019-2023
- Figure 67: Asia Pacific Travel Insurance Market (in US$ Million), 2024-2033
- Figure 68: Asia Pacific Travel Insurance Market by Country (in %), 2023 & 2033
- Figure 69: China Travel Insurance Market (in US$ Million), 2019-2033
- Figure 70: Japan Travel Insurance Market (in US$ Million), 2019-2033
- Figure 71: India Travel Insurance Market (in US$ Million), 2019-2033
- Figure 72: South Korea Travel Insurance Market (in US$ Million), 2019-2033
- Figure 73: Australia Travel Insurance Market (in US$ Million), 2019-2033
- Figure 74: Indonesia Travel Insurance Market (in US$ Million), 2019-2033
- Figure 75: Latin America Travel Insurance Market (in US$ Million), 2019-2023
- Figure 76: Latin America Travel Insurance Market (in US$ Million), 2024-2033
- Figure 77: Latin America Travel Insurance Market by Country (in %), 2023 & 2033
- Figure 78: Mexico Travel Insurance Market (in US$ Million), 2019-2033
- Figure 79: Brazil Travel Insurance Market (in US$ Million), 2019-2033
- Figure 80: Argentina Travel Insurance Market (in US$ Million), 2019-2033
- Figure 81: Middle East & Africa Travel Insurance Market (in US$ Million), 2019-2023
- Figure 82: Middle East & Africa Travel Insurance Market (in US$ Million), 2024-2033
- Figure 83: Middle East & Africa Travel Insurance Market by Country (in %), 2023 & 2033
- Figure 84: Saudi Arabia Travel Insurance Market (in US$ Million), 2019-2033
- Figure 85: Turkey Travel Insurance Market (in US$ Million), 2019-2033
- Figure 86: Iran Travel Insurance Market (in US$ Million), 2019-2033
- Figure 87: UAE Travel Insurance Market (in US$ Million), 2019-2033
- Figure 88: Market Value Chain
- List of Tables
- Table 1: Global Travel Insurance Market Portraiture
- Table 2: Global Travel Insurance Market by Insurance Type (in US$ Million), 2023 & 2033
- Table 3: Global Travel Insurance Market by Coverage (in US$ Million), 2023 & 2033
- Table 4: Global Travel Insurance Market by Distribution Channel (in US$ Million), 2023 & 2033
- Table 5: Global Travel Insurance Market by End-User (in US$ Million), 2023 & 2033
- Table 6: Global Travel Insurance Market by Region (in US$ Million), 2023 & 2033
- Table 7: Europe Travel Insurance Market by Country (in US$ Million), 2023 & 2033
- Table 8: North America Travel Insurance Market by Country (in US$ Million), 2023 & 2033
- Table 9: Asia Pacific Travel Insurance Market by Country (in US$ Million), 2023 & 2033
- Table 10: Latin America Travel Insurance Market by Country (in US$ Million), 2023 & 2033
- Table 11: Middle East & Africa Travel Insurance Market by Country (in US$ Million), 2023 & 2033
- Table 12: List of Key Players
Research Assistance
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