Global Travel Insurance Market 2020-2030 by Travel Type, Application, Coverage, End User, Distribution Channel, and Region: Trend Forecast and Growth Opportunity

August 2021 | 158 pages | ID: G1A43ADCD60DEN
GMD Research

Abstracts

Global travel insurance market will reach $44.6 billion by 2030, growing by 8.1% annually over 2020-2030 driven by the rising disposable income, increasing business travels and availability of online travel booking platforms and mobile devices, as well as the rising property loss and flight cancelations amid COVID-19 pandemic.

Highlighted with 81 tables and 84 figures, this 158-page report “Global Travel Insurance Market 2020-2030 by Travel Type, Application, Coverage, End User, Distribution Channel, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global travel insurance market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate and forecast from 2020 till 2030 with 2019 as the base year. (The year 2020 is not appropriate for research base due to the outbreak of COVID-19.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global travel insurance market in every aspect of the classification from perspectives of Travel Type, Application, Coverage, End User, Distribution Channel, and Region.

Based on Travel Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.

• Single-trip Travel Insurance
• Annual Multi-trip Travel Insurance
• Long-stay Travel Insurance

Based on Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.

• Domestic Travel
• International Travel

Based on Coverage, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.

• Medical Insurance
• Trip Cancellation & Delay Insurance
• Property Loss & Damage Insurance
• Other Coverages

Based on End User, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.

• Family Travelers
• Senior Citizens
• Business Travelers
• Education Travelers
• Backpackers
• Other End Users

Based on Distribution Channel, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.

• Insurance Intermediaries
• Insurance Companies
• Banks
• Insurance Brokers
• Insurance Aggregators
• Other Distribution Channels

Geographically, the following regions together with the listed national/local markets are fully investigated:

• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa)

For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of all regional markets by country and split of key national markets by Travel Type, Coverage, and End User over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Key Players (this may not be a complete list and extra companies can be added upon request):

Allianz Group

American Express Company

American International Group Inc.

Assicurazioni Generali S.P.A.

AXA SA

Berkshire Hathaway Specialty Insurance Company

Insure & Go Insurance Services Limited

Seven Corners Inc.

Travel Insured International

TravelSafe Insurance

USI Insurance Services

Zurich Insurance Co. Limited

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

Contents

1 INTRODUCTION

1.1 Industry Definition and Research Scope
  1.1.1 Industry Definition
  1.1.2 Research Scope
1.2 Research Methodology
  1.2.1 Overview of Market Research Methodology
  1.2.2 Market Assumption
  1.2.3 Secondary Data
  1.2.4 Primary Data
  1.2.5 Data Filtration and Model Design
  1.2.6 Market Size/Share Estimation
  1.2.7 Research Limitations
1.3 Executive Summary

2 MARKET OVERVIEW AND DYNAMICS

2.1 Market Size and Forecast
  2.1.1 Impact of COVID-19 on World Economy
  2.1.2 Impact of COVID-19 on the Market
2.2 Major Growth Drivers
2.3 Market Restraints and Challenges
2.4 Emerging Opportunities and Market Trends
2.5 Porter’s Fiver Forces Analysis

3 SEGMENTATION OF GLOBAL MARKET BY TRAVEL TYPE

3.1 Market Overview by Travel Type
3.2 Single-trip Travel Insurance
3.3 Annual Multi-trip Travel Insurance
3.4 Long-stay Travel Insurance

4 SEGMENTATION OF GLOBAL MARKET BY APPLICATION

4.1 Market Overview by Application
4.2 Domestic Travel
4.3 International Travel

5 SEGMENTATION OF GLOBAL MARKET BY COVERAGE

5.1 Market Overview by Coverage
5.2 Medical Insurance
5.3 Trip Cancellation & Delay Insurance
5.4 Property Loss & Damage Insurance
5.5 Other Coverages

6 SEGMENTATION OF GLOBAL MARKET BY END USER

6.1 Market Overview by End User
6.2 Family Travelers
6.3 Senior Citizens
6.4 Business Travelers
6.5 Education Travelers
6.6 Backpackers
6.7 Other End Users

7 SEGMENTATION OF GLOBAL MARKET BY DISTRIBUTION CHANNEL

7.1 Market Overview by Distribution Channel
7.2 Insurance Intermediaries
7.3 Insurance Companies
7.4 Banks
7.5 Insurance Brokers
7.6 Insurance Aggregators
7.7 Other Distribution Channels

8 SEGMENTATION OF GLOBAL MARKET BY REGION

8.1 Geographic Market Overview 2019-2030
8.2 North America Market 2019-2030 by Country
  8.2.1 Overview of North America Market
  8.2.2 U.S.
  8.2.3 Canada
  8.2.4 Mexico
8.3 European Market 2019-2030 by Country
  8.3.1 Overview of European Market
  8.3.2 Germany
  8.3.3 U.K.
  8.3.4 France
  8.3.5 Spain
  8.3.6 Italy
  8.3.7 Russia
  8.3.8 Rest of European Market
8.4 Asia-Pacific Market 2019-2030 by Country
  8.4.1 Overview of Asia-Pacific Market
  8.4.2 Japan
  8.4.3 China
  8.4.4 Australia
  8.4.5 India
  8.4.6 South Korea
  8.4.7 Rest of APAC Region
8.5 South America Market 2019-2030 by Country
  8.5.1 Argentina
  8.5.2 Brazil
  8.5.3 Chile
  8.5.4 Rest of South America Market
8.6 MEA Market 2019-2030 by Country
  8.6.1 UAE
  8.6.2 Saudi Arabia
  8.6.3 South Africa
  8.6.4 Other National Markets

9 COMPETITIVE LANDSCAPE

9.1 Overview of Key Vendors
9.2 New Product Launch, Partnership, Investment, and M&A
9.3 Company Profiles
Allianz Group
American Express Company
American International Group Inc.
Assicurazioni Generali S.P.A.
AXA SA
Berkshire Hathaway Specialty Insurance Company
Insure & Go Insurance Services Limited
Seven Corners Inc.
Travel Insured International
TravelSafe Insurance
USI Insurance Services
Zurich Insurance Co. Limited
RELATED REPORTS

List Of Tables

LIST OF TABLES:

Table 1. Snapshot of Global Travel Insurance Market in Balanced Perspective, 2019-2030
Table 2. Growth Rate of World GDP, 2020-2022
Table 3. Main Product Trends and Market Opportunities in Global Travel Insurance Market
Table 4. Global Travel Insurance Market by Travel Type, 2019-2030, $ mn
Table 5. Global Travel Insurance Market by Application, 2019-2030, $ mn
Table 6. Global Travel Insurance Market by Coverage, 2019-2030, $ mn
Table 7. Global Travel Insurance Market by End User, 2019-2030, $ mn
Table 8. Global Travel Insurance Market by Distribution Channel, 2019-2030, $ mn
Table 9. Global Travel Insurance Market by Region, 2019-2030, $ mn
Table 10. Leading National Travel Insurance Market, 2019 and 2030F, $ mn
Table 11. North America Travel Insurance Market by Country, 2019-2030, $ mn
Table 12. U.S. Travel Insurance Market by Travel Type, 2019-2030, $ mn
Table 13. U.S. Travel Insurance Market by Coverage, 2019-2030, $ mn
Table 14. U.S. Travel Insurance Market by End User, 2019-2030, $ mn
Table 15. Canada Travel Insurance Market by Travel Type, 2019-2030, $ mn
Table 16. Canada Travel Insurance Market by Coverage, 2019-2030, $ mn
Table 17. Canada Travel Insurance Market by End User, 2019-2030, $ mn
Table 18. Mexico Travel Insurance Market by Travel Type, 2019-2030, $ mn
Table 19. Mexico Travel Insurance Market by Coverage, 2019-2030, $ mn
Table 20. Mexico Travel Insurance Market by End User, 2019-2030, $ mn
Table 21. Europe Travel Insurance Market by Country, 2019-2030, $ mn
Table 22. Germany Travel Insurance Market by Travel Type, 2019-2030, $ mn
Table 23. Germany Travel Insurance Market by Coverage, 2019-2030, $ mn
Table 24. Germany Travel Insurance Market by End User, 2019-2030, $ mn
Table 25. U.K. Travel Insurance Market by Travel Type, 2019-2030, $ mn
Table 26. U.K. Travel Insurance Market by Coverage, 2019-2030, $ mn
Table 27. U.K. Travel Insurance Market by End User, 2019-2030, $ mn
Table 28. France Travel Insurance Market by Travel Type, 2019-2030, $ mn
Table 29. France Travel Insurance Market by Coverage, 2019-2030, $ mn
Table 30. France Travel Insurance Market by End User, 2019-2030, $ mn
Table 31. Spain Travel Insurance Market by Travel Type, 2019-2030, $ mn
Table 32. Spain Travel Insurance Market by Coverage, 2019-2030, $ mn
Table 33. Spain Travel Insurance Market by End User, 2019-2030, $ mn
Table 34. Italy Travel Insurance Market by Travel Type, 2019-2030, $ mn
Table 35. Italy Travel Insurance Market by Coverage, 2019-2030, $ mn
Table 36. Italy Travel Insurance Market by End User, 2019-2030, $ mn
Table 37. Russia Travel Insurance Market by Travel Type, 2019-2030, $ mn
Table 38. Russia Travel Insurance Market by Coverage, 2019-2030, $ mn
Table 39. Russia Travel Insurance Market by End User, 2019-2030, $ mn
Table 40. Travel Insurance Market in Rest of Europe by Country, 2019-2030, $ mn
Table 41. APAC Travel Insurance Market by Country, 2019-2030, $ mn
Table 42. Japan Travel Insurance Market by Travel Type, 2019-2030, $ mn
Table 43. Japan Travel Insurance Market by Coverage, 2019-2030, $ mn
Table 44. Japan Travel Insurance Market by End User, 2019-2030, $ mn
Table 45. China Travel Insurance Market by Travel Type, 2019-2030, $ mn
Table 46. China Travel Insurance Market by Coverage, 2019-2030, $ mn
Table 47. China Travel Insurance Market by End User, 2019-2030, $ mn
Table 48. Australia Travel Insurance Market by Travel Type, 2019-2030, $ mn
Table 49. Australia Travel Insurance Market by Coverage, 2019-2030, $ mn
Table 50. Australia Travel Insurance Market by End User, 2019-2030, $ mn
Table 51. India Travel Insurance Market by Travel Type, 2019-2030, $ mn
Table 52. India Travel Insurance Market by Coverage, 2019-2030, $ mn
Table 53. India Travel Insurance Market by End User, 2019-2030, $ mn
Table 54. South Korea Travel Insurance Market by Travel Type, 2019-2030, $ mn
Table 55. South Korea Travel Insurance Market by Coverage, 2019-2030, $ mn
Table 56. South Korea Travel Insurance Market by End User, 2019-2030, $ mn
Table 57. Travel Insurance Market in Rest of APAC by Country/Region, 2019-2030, $ mn
Table 58. South America Travel Insurance Market by Country, 2019-2030, $ mn
Table 59. Argentina Travel Insurance Market by Travel Type, 2019-2030, $ mn
Table 60. Argentina Travel Insurance Market by Coverage, 2019-2030, $ mn
Table 61. Argentina Travel Insurance Market by End User, 2019-2030, $ mn
Table 62. Brazil Travel Insurance Market by Travel Type, 2019-2030, $ mn
Table 63. Brazil Travel Insurance Market by Coverage, 2019-2030, $ mn
Table 64. Brazil Travel Insurance Market by End User, 2019-2030, $ mn
Table 65. Chile Travel Insurance Market by Travel Type, 2019-2030, $ mn
Table 66. Chile Travel Insurance Market by Coverage, 2019-2030, $ mn
Table 67. Chile Travel Insurance Market by End User, 2019-2030, $ mn
Table 68. MEA Travel Insurance Market by Country, 2019-2030, $ mn
Table 69. UAE Travel Insurance Market by Travel Type, 2019-2030, $ mn
Table 70. UAE Travel Insurance Market by Coverage, 2019-2030, $ mn
Table 71. UAE Travel Insurance Market by End User, 2019-2030, $ mn
Table 72. Saudi Arabia Travel Insurance Market by Travel Type, 2019-2030, $ mn
Table 73. Saudi Arabia Travel Insurance Market by Coverage, 2019-2030, $ mn
Table 74. Saudi Arabia Travel Insurance Market by End User, 2019-2030, $ mn
Table 75. South Africa Travel Insurance Market by Travel Type, 2019-2030, $ mn
Table 76. South Africa Travel Insurance Market by Coverage, 2019-2030, $ mn
Table 77. South Africa Travel Insurance Market by End User, 2019-2030, $ mn
Table 78. Allianz Group: Company Snapshot
Table 79. Allianz Group: Business Segmentation
Table 80. Allianz Group: Product Portfolio
Table 81. Allianz Group: Revenue, 2018-2020, $ mn

List Of Figures

LIST OF FIGURES:

Figure 1. Research Method Flow Chart
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030
Figure 4. Global Travel Insurance Market, 2019-2030, $ mn
Figure 5. Impact of COVID-19 on Business
Figure 6. Primary Drivers and Impact Factors of Global Travel Insurance Market
Figure 7. GDP per capita in the World, 1960-2018, $ thousand
Figure 8. Forecast of World Middle-class Population by Region, 2015-2030, million
Figure 9. Primary Restraints and Impact Factors of Global Travel Insurance Market
Figure 10. Investment Opportunity Analysis
Figure 11. Porter’s Fiver Forces Analysis of Global Travel Insurance Market
Figure 12. Breakdown of Global Travel Insurance Market by Travel Type, 2019-2030, % of Revenue
Figure 13. Global Addressable Market Cap in 2021-2030 by Travel Type, Value ($ mn) and Share (%)
Figure 14. Global Travel Insurance Market: Single-trip Travel Insurance, 2019-2030, $ mn
Figure 15. Global Travel Insurance Market: Annual Multi-trip Travel Insurance, 2019-2030, $ mn
Figure 16. Global Travel Insurance Market: Long-stay Travel Insurance, 2019-2030, $ mn
Figure 17. Breakdown of Global Travel Insurance Market by Application, 2019-2030, % of Sales Revenue
Figure 18. Global Addressable Market Cap in 2021-2030 by Application, Value ($ mn) and Share (%)
Figure 19. Global Travel Insurance Market: Domestic Travel, 2019-2030, $ mn
Figure 20. Global Travel Insurance Market: International Travel, 2019-2030, $ mn
Figure 21. Breakdown of Global Travel Insurance Market by Coverage, 2019-2030, % of Sales Revenue
Figure 22. Global Addressable Market Cap in 2021-2030 by Coverage, Value ($ mn) and Share (%)
Figure 23. Global Travel Insurance Market: Medical Insurance, 2019-2030, $ mn
Figure 24. Global Travel Insurance Market: Trip Cancellation & Delay Insurance, 2019-2030, $ mn
Figure 25. Global Travel Insurance Market: Property Loss & Damage Insurance, 2019-2030, $ mn
Figure 26. Global Travel Insurance Market: Other Coverages, 2019-2030, $ mn
Figure 27. Breakdown of Global Travel Insurance Market by End User, 2019-2030, % of Revenue
Figure 28. Global Addressable Market Cap in 2021-2030 by End User, Value ($ mn) and Share (%)
Figure 29. Global Travel Insurance Market: Family Travelers, 2019-2030, $ mn
Figure 30. Global Travel Insurance Market: Senior Citizens, 2019-2030, $ mn
Figure 31. Global Travel Insurance Market: Business Travelers, 2019-2030, $ mn
Figure 32. Global Travel Insurance Market: Education Travelers, 2019-2030, $ mn
Figure 33. Global Travel Insurance Market: Backpackers, 2019-2030, $ mn
Figure 34. Global Travel Insurance Market: Other End Users, 2019-2030, $ mn
Figure 35. Breakdown of Global Travel Insurance Market by Distribution Channel, 2019-2030, % of Revenue
Figure 36. Global Addressable Market Cap in 2021-2030 by Distribution Channel, Value ($ mn) and Share (%)
Figure 37. Global Travel Insurance Market: Insurance Intermediaries, 2019-2030, $ mn
Figure 38. Global Travel Insurance Market: Insurance Companies, 2019-2030, $ mn
Figure 39. Global Travel Insurance Market: Banks, 2019-2030, $ mn
Figure 40. Global Travel Insurance Market: Insurance Brokers, 2019-2030, $ mn
Figure 41. Global Travel Insurance Market: Insurance Aggregators, 2019-2030, $ mn
Figure 42. Global Travel Insurance Market: Other Distribution Channels, 2019-2030, $ mn
Figure 43. Global Market Snapshot by Region
Figure 44. Geographic Spread of Worldwide Travel Insurance Market, 2019-2030, % of Sales Revenue
Figure 45. Global Addressable Market Cap in 2021-2030 by Region, Value ($ mn) and Share (%)
Figure 46. North American Travel Insurance Market, 2019-2030, $ mn
Figure 47. Breakdown of North America Travel Insurance Market by Country, 2019 and 2030, % of Revenue
Figure 48. Contribution to North America 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 49. U.S. Travel Insurance Market, 2019-2030, $ mn
Figure 50. Canada Travel Insurance Market, 2019-2030, $ mn
Figure 51. Travel Insurance Market in Mexico, 2015-2030F, $ mn
Figure 52. European Travel Insurance Market, 2019-2030, $ mn
Figure 53. Breakdown of European Travel Insurance Market by Country, 2019 and 2030, % of Revenue
Figure 54. Contribution to Europe 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 55. Travel Insurance Market in Germany, 2019-2030, $ mn
Figure 56. Travel Insurance Market in U.K., 2019-2030, $ mn
Figure 57. Travel Insurance Market in France, 2019-2030, $ mn
Figure 58. Travel Insurance Market in Spain, 2019-2030, $ mn
Figure 59. Travel Insurance Market in Italy, 2019-2030, $ mn
Figure 60. Travel Insurance Market in Russia, 2019-2030, $ mn
Figure 61. Travel Insurance Market in Rest of Europe, 2019-2030, $ mn
Figure 62. Asia-Pacific Travel Insurance Market, 2019-2030, $ mn
Figure 63. Breakdown of APAC Travel Insurance Market by Country, 2019 and 2030, % of Revenue
Figure 64. Contribution to APAC 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 65. Travel Insurance Market in Japan, 2019-2030, $ mn
Figure 66. Travel Insurance Market in China, 2019-2030, $ mn
Figure 67. Travel Insurance Market in Australia, 2019-2030, $ mn
Figure 68. Travel Insurance Market in India, 2019-2030, $ mn
Figure 69. Travel Insurance Market in South Korea, 2019-2030, $ mn
Figure 70. Travel Insurance Market in Rest of APAC, 2019-2030, $ mn
Figure 71. South America Travel Insurance Market, 2019-2030, $ mn
Figure 72. Breakdown of South America Travel Insurance Market by Country, 2019 and 2030, % of Revenue
Figure 73. Contribution to South America 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 74. Travel Insurance Market in Argentina, 2019-2030, $ mn
Figure 75. Travel Insurance Market in Brazil, 2019-2030, $ mn
Figure 76. Travel Insurance Market in Chile, 2019-2030, $ mn
Figure 77. Travel Insurance Market in Rest of South America, 2019-2030, $ mn
Figure 78. Travel Insurance Market in Middle East and Africa (MEA), 2019-2030, $ mn
Figure 79. Breakdown of MEA Travel Insurance Market by Country, 2019 and 2030, % of Revenue
Figure 80. Contribution to MEA 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 81. Travel Insurance Market in UAE, 2019-2030, $ mn
Figure 82. Travel Insurance Market in Saudi Arabia, 2019-2030, $ mn
Figure 83. Travel Insurance Market in South Africa, 2019-2030, $ mn
Figure 84. Growth Stage of Global Travel Insurance Industry over the Forecast Period