Global Travel Insurance Market was valued US$2.6Bn in 2017 and is expected to reach US$9.6Bn by 2026 at a CAGR of about 17.34% during a forecast.
Global Travel Insurance Market is segmented into by Product Type, by Industry, By Channel, and by region. Based on Product Type, Travel Insurance Market is classified into Medical expense, Trip Cancellation, Trip Delay, Property Damage & Other. Industry type is divided into Domestic Tourism & Oversea Tourism. By Channel section are into Direct Sales & Distributor. Geographically into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Global Industry Analysis and forecast 2018-2026.
Driving factors for the travel insurance market is Travelers are more likely to travel with an assurance of financial protection during the trip, rise of low-cost airlines, an increase in the number of airport passengers, travelers can easily check out the benefits conditions applicable to the same, and even compare the premiums of various travel insurance policies and provides an extensive range of benefits for events, such as trip cancellation due to a medical emergency, loss of baggage, evacuation due to a medical condition or hijack, and loss of travel documents these factors can create more opportunity in the travel insurance market.
Huge expenses and lengthy process of claiming the bill can hamper the growth of Travel Insurance Market.
In terms of Industry, Oversea Tourism segment share the highest market during the forecast period. Rise in disposal income, changing lifestyle, rising better options for tours and travels, connecting the world via cheaper flight and better facilities, rising business standard at world level and the travel insurance policy of nature also compensates against passport or baggage loss, flight delays, and cancellations will open more opportunity in the travel insurance market.
In terms of Channel, Direct Sales segment share the fastest growing market during the forecast period. Direct sales via online platform in travel insurance is a cost-effective way and less time consume to book, targeting a specific audience, helps to build relationships with new customers and offer customers with compelling content they can share with potential customers.
Among region, Asia Pacific is expected to grow at the highest CAGR during the forecast period. Advances in technology, holiday entitlement, increased disposable incomes, an effect of media and easy availability of holiday packages, the government’s scheme visa on arrival scheme, rising population and emerging economies. The World Tourism Organization has predicted international tourist arrivals to reach 10 billion to reach 2030
Generali, AXA, Allianz, Munich RE, Hanse Merkur, AIG, CSA Travel Insurance, Groupama, Mapfre Asistencia, USI Affinity, Seven Corners, MH Ross, Tokio Marine, Sompo Japan, Pingan Baoxian, STARR, InsureandGo, Aviva PLC, American Express Company, MS&AD Insurance Group Holdings, China Pacific Life Insurance Co., Ltd, Atlas Travel Insurance Services Ltd.
Scope of the report for Global Travel Insurance Market:
Global Travel Insurance Market: By Product Type
Medical expense
Trip Cancellation
Trip Delay
Property Damage
Other
Global Travel Insurance Market: By Industry
Domestic Tourism
Oversea Tourism
Global Travel Insurance Market: By Sales Channel
Direct Sales
Distributor
Global Travel Insurance Market: By region
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Key Player analyzed in the Global Travel Insurance Market:
Generali
AXA
Allianz
Munich RE
Hanse Merkur
AIG
CSA Travel Insurance
Groupama
Mapfre Asistencia
USI Affinity
Seven Corners
MH Ross
Tokio Marine
Sompo Japan
Pingan Baoxian
STARR
InsureandGo
Aviva PLC
American Express Company
Ping An Insurance Company of China
MS&AD Insurance Group Holdings
China Pacific Life Insurance Co., Ltd
Atlas Travel Insurance Services Ltd
Global Travel Insurance Market
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global Travel Insurance Size, by Market Value (US$ Bn) and Market Volume (Units)
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies
4.8. Patent Registration
4.9. <a href="https://www.maximizemarketresearch.com/MMR/industry-trends/key-trends-in-global-travel-insurance-market/907/">Key Trends in Global Travel Insurance Market</a>
5. Supply Side and Demand Side Indicators
6. Global Travel Insurance Market Analysis and Forecast
6.1. Global Travel Insurance Market Size & Y-o-Y Growth Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America
7. Global Travel Insurance Market Analysis and Forecast, By Product type
7.1. Introduction and Definition
7.2. Key Findings
7.3. Global Travel Insurance Market Value Share Analysis, By Product type
7.4. Global Travel Insurance Market Size (US$ Bn) Forecast, By Product type
7.5. Global Travel Insurance Market Analysis, By Product type
7.6. Global Travel Insurance Market Attractiveness Analysis, By Product type
8. Global Travel Insurance Market Analysis and Forecast, By Industry
8.1. Introduction and Definition
8.2. Key Findings
8.3. Global Travel Insurance Market Value Share Analysis, By Industry
8.4. Global Travel Insurance Market Size (US$ Bn) Forecast, By Industry
8.5. Global Travel Insurance Market Analysis, By Industry
8.6. Global Travel Insurance Market Attractiveness Analysis, By Industry
9. Global Travel Insurance Market Analysis and Forecast, By Sales Channel
9.1. Introduction and Definition
9.2. Key Findings
9.3. Global Travel Insurance Market Value Share Analysis, By Sales Channel
9.4. Global Travel Insurance Market Size (US$ Bn) Forecast, By Sales Channel
9.5. Global Travel Insurance Market Analysis, By Sales Channel
9.6. Global Travel Insurance Market Attractiveness Analysis, By Sales Channel
10. Global Travel Insurance Market Analysis, by Region
10.1. Global Travel Insurance Market Value Share Analysis, by Region
10.2. Global Travel Insurance Market Size (US$ Bn) Forecast, by Region
10.3. Global Travel Insurance Market Attractiveness Analysis, by Region
11. North America Travel Insurance Market Analysis
11.1. Key Findings
11.2. North America Travel Insurance Market Overview
11.3. North America Travel Insurance Market Value Share Analysis, By Product type
11.4. North America Travel Insurance Market Forecast, By Product type
11.4.1. Medical expense
11.4.2. Trip Cancellation
11.4.3. Trip Delay
11.4.4. Property Damage
11.4.5. Other
11.5. North America Travel Insurance Market Value Share Analysis, By Industry
11.6. North America Travel Insurance Market Forecast, By Industry
11.6.1. Domestic Tourism
11.6.2. Oversea Tourism
11.7. North America Travel Insurance Market Value Share Analysis, By Sales Channel
11.8. North America Travel Insurance Market Forecast, By Sales Channel
11.8.1. Direct Sales
11.8.2. Distributor
11.9. North America Travel Insurance Market Value Share Analysis, by Country
11.10. North America Travel Insurance Market Forecast, by Country
11.10.1. U.S.
11.10.2. Canada
11.11. North America Travel Insurance Market Analysis, by Country
11.12. U.S. Travel Insurance Market Forecast, By Product type
11.12.1. Medical expense
11.12.2. Trip Cancellation
11.12.3. Trip Delay
11.12.4. Property Damage
11.12.5. Other
11.13. U.S. Travel Insurance Market Forecast, By Industry
11.13.1. Domestic Tourism
11.13.2. Oversea Tourism
11.14. U.S. Travel Insurance Market Forecast, By Sales Channel
11.14.1. Direct Sales
11.14.2. Distributor
11.15. Canada Travel Insurance Market Forecast, By Product type
11.15.1. Medical expense
11.15.2. Trip Cancellation
11.15.3. Trip Delay
11.15.4. Property Damage
11.15.5. Other
11.16. Canada Travel Insurance Market Forecast, By Industry
11.16.1. Domestic Tourism
11.16.2. Oversea Tourism
11.17. Canada Travel Insurance Market Forecast, By Sales Channel
11.17.1. Direct Sales
11.17.2. Distributor
11.18. North America Travel Insurance Market Attractiveness Analysis
11.18.1. By Product type
11.18.2. By Industry
11.18.3. By Sales Channel
11.19. PEST Analysis
11.20. Key Trends
11.21. Key Developments
12. Europe Travel Insurance Market Analysis
12.1. Key Findings
12.2. Europe Travel Insurance Market Overview
12.3. Europe Travel Insurance Market Value Share Analysis, By Product type
12.4. Europe Travel Insurance Market Forecast, By Product type
12.4.1. Medical expense
12.4.2. Trip Cancellation
12.4.3. Trip Delay
12.4.4. Property Damage
12.4.5. Other
12.5. Europe Travel Insurance Market Value Share Analysis, By Industry
12.6. Europe Travel Insurance Market Forecast, By Industry
12.6.1. Domestic Tourism
12.6.2. Oversea Tourism
12.7. Europe Travel Insurance Market Value Share Analysis, By Sales Channel
12.8. Europe Travel Insurance Market Forecast, By Sales Channel
12.8.1. Direct Sales
12.8.2. Distributor
12.9. Europe Travel Insurance Market Value Share Analysis, by Country
12.10. Europe Travel Insurance Market Forecast, by Country
12.10.1. Germany
12.10.2. U.K.
12.10.3. France
12.10.4. Italy
12.10.5. Spain
12.10.6. Rest of Europe
12.11. Europe Travel Insurance Market Analysis, by Country
12.12. Germany Travel Insurance Market Forecast, By Product type
12.12.1. Medical expense
12.12.2. Trip Cancellation
12.12.3. Trip Delay
12.12.4. Property Damage
12.12.5. Other
12.13. Germany Travel Insurance Market Forecast, By Industry
12.13.1. Domestic Tourism
12.13.2. Oversea Tourism
12.14. Germany Travel Insurance Market Forecast, By Sales Channel
12.14.1. Direct Sales
12.14.2. Distributor
12.15. U.K. Travel Insurance Market Forecast, By Product type
12.15.1. Medical expense
12.15.2. Trip Cancellation
12.15.3. Trip Delay
12.15.4. Property Damage
12.15.5. Other
12.16. U.K. Travel Insurance Market Forecast, By Industry
12.16.1. Domestic Tourism
12.16.2. Oversea Tourism
12.17. U.K. Travel Insurance Market Forecast, By Sales Channel
12.17.1. Direct Sales
12.17.2. Distributor
12.18. France Travel Insurance Market Forecast, By Product type
12.18.1. Medical expense
12.18.2. Trip Cancellation
12.18.3. Trip Delay
12.18.4. Property Damage
12.18.5. Other
12.19. France Travel Insurance Market Forecast, By Industry
12.19.1. Domestic Tourism
12.19.2. Oversea Tourism
12.20. France Travel Insurance Market Forecast, By Sales Channel
12.20.1. Direct Sales
12.20.2. Distributor
12.21. Italy Travel Insurance Market Forecast, By Product type
12.21.1. Medical expense
12.21.2. Trip Cancellation
12.21.3. Trip Delay
12.21.4. Property Damage
12.21.5. Other
12.22. Italy Travel Insurance Market Forecast, By Industry
12.22.1. Domestic Tourism
12.22.2. Oversea Tourism
12.23. Italy Travel Insurance Market Forecast, By Sales Channel
12.23.1. Direct Sales
12.23.2. Distributor
12.24. Spain Travel Insurance Market Forecast, By Product type
12.24.1. Medical expense
12.24.2. Trip Cancellation
12.24.3. Trip Delay
12.24.4. Property Damage
12.24.5. Other
12.25. Spain Travel Insurance Market Forecast, By Industry
12.25.1. Domestic Tourism
12.25.2. Oversea Tourism
12.26. Spain Travel Insurance Market Forecast, By Sales Channel
12.26.1. Direct Sales
12.26.2. Distributor
12.27. Rest of Europe Travel Insurance Market Forecast, By Product type
12.27.1. Medical expense
12.27.2. Trip Cancellation
12.27.3. Trip Delay
12.27.4. Property Damage
12.27.5. Other
12.28. Rest of Europe Travel Insurance Market Forecast, By Industry
12.28.1. Domestic Tourism
12.28.2. Oversea Tourism
12.29. Rest of Europe Travel Insurance Market Forecast, By Sales Channel
12.29.1. Direct Sales
12.29.2. Distributor
12.30. Europe Travel Insurance Market Attractiveness Analysis
12.30.1. By Product type
12.30.2. By Industry
12.30.3. By Sales Channel
12.31. PEST Analysis
12.32. Key Trends
12.33. Key Developments
13. Asia Pacific Travel Insurance Market Analysis
13.1. Key Findings
13.2. Asia Pacific Travel Insurance Market Overview
13.3. Asia Pacific Travel Insurance Market Value Share Analysis, By Product type
13.4. Asia Pacific Travel Insurance Market Forecast, By Product type
13.4.1. Medical expense
13.4.2. Trip Cancellation
13.4.3. Trip Delay
13.4.4. Property Damage
13.4.5. Other
13.5. Asia Pacific Travel Insurance Market Value Share Analysis, By Industry
13.6. Asia Pacific Travel Insurance Market Forecast, By Industry
13.6.1. Domestic Tourism
13.6.2. Oversea Tourism
13.7. Asia Pacific Travel Insurance Market Value Share Analysis, By Sales Channel
13.8. Asia Pacific Travel Insurance Market Forecast, By Sales Channel
13.8.1. Direct Sales
13.8.2. Distributor
13.9. Asia Pacific Travel Insurance Market Value Share Analysis, by Country
13.10. Asia Pacific Travel Insurance Market Forecast, by Country
13.10.1. China
13.10.2. India
13.10.3. Japan
13.10.4. ASEAN
13.10.5. Rest of Asia Pacific
13.11. Asia Pacific Travel Insurance Market Analysis, by Country
13.12. China Travel Insurance Market Forecast, By Product type
13.12.1. Medical expense
13.12.2. Trip Cancellation
13.12.3. Trip Delay
13.12.4. Property Damage
13.12.5. Other
13.13. China Travel Insurance Market Forecast, By Industry
13.13.1. Domestic Tourism
13.13.2. Oversea Tourism
13.14. China Travel Insurance Market Forecast, By Sales Channel
13.14.1. Direct Sales
13.14.2. Distributor
13.15. India Travel Insurance Market Forecast, By Product type
13.15.1. Medical expense
13.15.2. Trip Cancellation
13.15.3. Trip Delay
13.15.4. Property Damage
13.15.5. Other
13.16. India Travel Insurance Market Forecast, By Industry
13.16.1. Domestic Tourism
13.16.2. Oversea Tourism
13.17. India Travel Insurance Market Forecast, By Sales Channel
13.17.1. Direct Sales
13.17.2. Distributor
13.18. Japan Travel Insurance Market Forecast, By Product type
13.18.1. Medical expense
13.18.2. Trip Cancellation
13.18.3. Trip Delay
13.18.4. Property Damage
13.18.5. Other
13.19. Japan Travel Insurance Market Forecast, By Industry
13.19.1. Domestic Tourism
13.19.2. Oversea Tourism
13.20. Japan Travel Insurance Market Forecast, By Sales Channel
13.20.1. Direct Sales
13.20.2. Distributor
13.21. ASEAN Travel Insurance Market Forecast, By Product type
13.21.1. Medical expense
13.21.2. Trip Cancellation
13.21.3. Trip Delay
13.21.4. Property Damage
13.21.5. Other
13.22. ASEAN Travel Insurance Market Forecast, By Industry
13.22.1. Domestic Tourism
13.22.2. Oversea Tourism
13.23. ASEAN Travel Insurance Market Forecast, By Sales Channel
13.23.1. Direct Sales
13.23.2. Distributor
13.24. Rest of Asia Pacific Travel Insurance Market Forecast, By Product type
13.24.1. Medical expense
13.24.2. Trip Cancellation
13.24.3. Trip Delay
13.24.4. Property Damage
13.24.5. Other
13.25. Rest of Asia Pacific Travel Insurance Market Forecast, By Industry
13.25.1. Domestic Tourism
13.25.2. Oversea Tourism
13.26. Rest of Asia Pacific Travel Insurance Market Forecast, By Sales Channel
13.26.1. Direct Sales
13.26.2. Distributor
13.27. Asia Pacific Travel Insurance Market Attractiveness Analysis
13.27.1. By Product type
13.27.2. By Industry
13.27.3. By Sales Channel
13.28. PEST Analysis
13.29. Key Trends
13.30. Key Developments
14. Middle East & Africa Travel Insurance Market Analysis
14.1. Key Findings
14.2. Middle East & Africa Travel Insurance Market Overview
14.3. Middle East & Africa Travel Insurance Market Value Share Analysis, By Product type
14.4. Middle East & Africa Travel Insurance Market Forecast, By Product type
14.4.1. Medical expense
14.4.2. Trip Cancellation
14.4.3. Trip Delay
14.4.4. Property Damage
14.4.5. Other
14.5. Middle East & Africa Travel Insurance Market Value Share Analysis, By Industry
14.6. Middle East & Africa Travel Insurance Market Forecast, By Industry
14.6.1. Domestic Tourism
14.6.2. Oversea Tourism
14.7. Middle East & Africa Travel Insurance Market Value Share Analysis, By Sales Channel
14.8. Middle East & Africa Travel Insurance Market Forecast, By Sales Channel
14.8.1. Direct Sales
14.8.2. Distributor
14.9. Middle East & Africa Travel Insurance Market Value Share Analysis, by Country
14.10. Middle East & Africa Travel Insurance Market Forecast, by Country
14.10.1. GCC
14.10.2. South Africa
14.10.3. Rest of Middle East & Africa
14.11. Middle East & Africa Travel Insurance Market Analysis, by Country
14.12. GCC Travel Insurance Market Forecast, By Product type
14.12.1. Medical expense
14.12.2. Trip Cancellation
14.12.3. Trip Delay
14.12.4. Property Damage
14.12.5. Other
14.13. GCC Travel Insurance Market Forecast, By Industry
14.13.1. Domestic Tourism
14.13.2. Oversea Tourism
14.14. GCC Travel Insurance Market Forecast, By Sales Channel
14.14.1. Direct Sales
14.14.2. Distributor
14.15. South Africa Travel Insurance Market Forecast, By Product type
14.15.1. Medical expense
14.15.2. Trip Cancellation
14.15.3. Trip Delay
14.15.4. Property Damage
14.15.5. Other
14.16. South Africa Travel Insurance Market Forecast, By Industry
14.16.1. Domestic Tourism
14.16.2. Oversea Tourism
14.17. South Africa Travel Insurance Market Forecast, By Sales Channel
14.17.1. Direct Sales
14.17.2. Distributor
14.18. Rest of Middle East & Africa Travel Insurance Market Forecast, By Product type
14.18.1. Medical expense
14.18.2. Trip Cancellation
14.18.3. Trip Delay
14.18.4. Property Damage
14.18.5. Other
14.19. Rest of Middle East & Africa Travel Insurance Market Forecast, By Industry
14.19.1. Domestic Tourism
14.19.2. Oversea Tourism
14.20. Rest of Middle East & Africa Travel Insurance Market Forecast, By Sales Channel
14.20.1. Direct Sales
14.20.2. Distributor
14.21. Middle East & Africa Travel Insurance Market Attractiveness Analysis
14.21.1. By Product type
14.21.2. By Industry
14.21.3. By Sales Channel
14.22. PEST Analysis
14.23. Key Trends
14.24. Key Developments
15. South America Travel Insurance Market Analysis
15.1. Key Findings
15.2. South America Travel Insurance Market Overview
15.3. South America Travel Insurance Market Value Share Analysis, By Product type
15.4. South America Travel Insurance Market Forecast, By Product type
15.4.1. Medical expense
15.4.2. Trip Cancellation
15.4.3. Trip Delay
15.4.4. Property Damage
15.4.5. Other
15.5. South America Travel Insurance Market Value Share Analysis, By Industry
15.6. South America Travel Insurance Market Forecast, By Industry
15.6.1. Domestic Tourism
15.6.2. Oversea Tourism
15.7. South America Travel Insurance Market Value Share Analysis, By Sales Channel
15.8. South America Travel Insurance Market Forecast, By Sales Channel
15.8.1. Direct Sales
15.8.2. Distributor
15.9. South America Travel Insurance Market Value Share Analysis, by Country
15.10. South America Travel Insurance Market Forecast, by Country
15.10.1. Brazil
15.10.2. Mexico
15.10.3. Rest of South America
15.11. South America Travel Insurance Market Analysis, by Country
15.12. Brazil Travel Insurance Market Forecast, By Product type
15.12.1. Medical expense
15.12.2. Trip Cancellation
15.12.3. Trip Delay
15.12.4. Property Damage
15.12.5. Other
15.13. Brazil Travel Insurance Market Forecast, By Industry
15.13.1. Domestic Tourism
15.13.2. Oversea Tourism
15.14. Brazil Travel Insurance Market Forecast, By Sales Channel
15.14.1. Direct Sales
15.14.2. Distributor
15.15. Mexico Travel Insurance Market Forecast, By Product type
15.15.1. Medical expense
15.15.2. Trip Cancellation
15.15.3. Trip Delay
15.15.4. Property Damage
15.15.5. Other
15.16. Mexico Travel Insurance Market Forecast, By Industry
15.16.1. Domestic Tourism
15.16.2. Oversea Tourism
15.17. Mexico Travel Insurance Market Forecast, By Sales Channel
15.17.1. Direct Sales
15.17.2. Distributor
15.18. Rest of South America Travel Insurance Market Forecast, By Product type
15.18.1. Medical expense
15.18.2. Trip Cancellation
15.18.3. Trip Delay
15.18.4. Property Damage
15.18.5. Other
15.19. Rest of South America Travel Insurance Market Forecast, By Industry
15.19.1. Domestic Tourism
15.19.2. Oversea Tourism
15.20. Rest of South America Travel Insurance Market Forecast, By Sales Channel
15.20.1. Direct Sales
15.20.2. Distributor
15.21. South America Travel Insurance Market Attractiveness Analysis
15.21.1. By Product type
15.21.2. By Industry
15.21.3. By Sales Channel
15.22. PEST Analysis
15.23. Key Trends
15.24. Key Developments
16. Company Profiles
16.1. Market Share Analysis, by Company
16.2. Competition Matrix
16.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment
16.2.2. New Product Launches and Product Enhancements
16.2.3. Market Consolidation
16.2.3.1. M&A by Regions, Investment and Applications
16.2.3.2. M&A Key Players, Forward Integration and Backward
Integration
16.3. Company Profiles: Key Players
16.3.1. Generali
16.3.1.1. Company Overview
16.3.1.2. Financial Overview
16.3.1.3. Product Portfolio
16.3.1.4. Business Strategy
16.3.1.5. Recent Developments
16.3.1.6. Company Footprints
16.3.2. AXA
16.3.3. Allianz
16.3.4. Munich RE
16.3.5. Hanse Merkur
16.3.6. AIG
16.3.7. CSA Travel Insurance
16.3.8. Groupama
16.3.9. Mapfre Asistencia
16.3.10. USI Affinity
16.3.11. Seven Corners
16.3.12. MH Ross
16.3.13. Tokio Marine
16.3.14. Sompo Japan
16.3.15. Pingan Baoxian
16.3.16. STARR
16.3.17. InsureandGo
16.3.18. Aviva PLC
16.3.19. American Express Company
16.3.20. Ping An Insurance Company of China
16.3.21. MS&AD Insurance Group Holdings
16.3.22. China Pacific Life Insurance Co., Ltd
16.3.23. Atlas Travel Insurance Services Ltd
17. Primary Key Insights.
Get your queries resolved from an industry expert.
Design an exclusive study to serve your research needs.
Best quality reports based on various authentic and accurate data findings.
Your personal and confidential information is safe and secure.
Trends Market Research © Copyright 2020. All Rights Reserved.