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

August 2021 | 97 pages | ID: N863FC76E0BEEN
GMD Research

Abstracts

North America travel insurance market is expected to grow by 7.4% annually in the forecast period and reach $13.93 billion by 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 22 tables and 48 figures, this 97-page report “North America Travel Insurance Market 2020-2030 by Travel Type, Application, Coverage, End User, Distribution Channel, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America 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 North America 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 North America travel insurance market in every aspect of the classification from perspectives of Travel Type, Application, Coverage, End User, Distribution Channel, and Country.

Based on Travel Type, the North America 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 North America 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 North America 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 North America 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 North America 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 national/local markets are fully investigated:

• U.S.
• Canada
• Mexico

For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of key national markets by Travel Type, Coverage, and End User over the forecast years is 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 NORTH AMERICA 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 NORTH AMERICA MARKET BY APPLICATION

4.1 Market Overview by Application
4.2 Domestic Travel
4.3 International Travel

5 SEGMENTATION OF NORTH AMERICA 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 NORTH AMERICA 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 NORTH AMERICA 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 NORTH AMERICA MARKET 2019-2030 BY COUNTRY

8.1 Overview of North America Market
8.2 U.S.
8.3 Canada
8.4 Mexico

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 North America 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 North America Travel Insurance Market
Table 4. North America Travel Insurance Market by Travel Type, 2019-2030, $ mn
Table 5. North America Travel Insurance Market by Application, 2019-2030, $ mn
Table 6. North America Travel Insurance Market by Coverage, 2019-2030, $ mn
Table 7. North America Travel Insurance Market by End User, 2019-2030, $ mn
Table 8. North America Travel Insurance Market by Distribution Channel, 2019-2030, $ mn
Table 9. North America Travel Insurance Market by Country, 2019-2030, $ mn
Table 10. U.S. Travel Insurance Market by Travel Type, 2019-2030, $ mn
Table 11. U.S. Travel Insurance Market by Coverage, 2019-2030, $ mn
Table 12. U.S. Travel Insurance Market by End User, 2019-2030, $ mn
Table 13. Canada Travel Insurance Market by Travel Type, 2019-2030, $ mn
Table 14. Canada Travel Insurance Market by Coverage, 2019-2030, $ mn
Table 15. Canada Travel Insurance Market by End User, 2019-2030, $ mn
Table 16. Mexico Travel Insurance Market by Travel Type, 2019-2030, $ mn
Table 17. Mexico Travel Insurance Market by Coverage, 2019-2030, $ mn
Table 18. Mexico Travel Insurance Market by End User, 2019-2030, $ mn
Table 19. Allianz Group: Company Snapshot
Table 20. Allianz Group: Business Segmentation
Table 21. Allianz Group: Product Portfolio
Table 22. 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. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030
Figure 4. North America Travel Insurance Market, 2019-2030, $ mn
Figure 5. Impact of COVID-19 on Business
Figure 6. Primary Drivers and Impact Factors of North America 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 North America Travel Insurance Market
Figure 10. Investment Opportunity Analysis
Figure 11. Porter’s Fiver Forces Analysis of North America Travel Insurance Market
Figure 12. Breakdown of North America Travel Insurance Market by Travel Type, 2019-2030, % of Revenue
Figure 13. North America Addressable Market Cap in 2021-2030 by Travel Type, Value ($ mn) and Share (%)
Figure 14. North America Travel Insurance Market: Single-trip Travel Insurance, 2019-2030, $ mn
Figure 15. North America Travel Insurance Market: Annual Multi-trip Travel Insurance, 2019-2030, $ mn
Figure 16. North America Travel Insurance Market: Long-stay Travel Insurance, 2019-2030, $ mn
Figure 17. Breakdown of North America Travel Insurance Market by Application, 2019-2030, % of Sales Revenue
Figure 18. North America Addressable Market Cap in 2021-2030 by Application, Value ($ mn) and Share (%)
Figure 19. North America Travel Insurance Market: Domestic Travel, 2019-2030, $ mn
Figure 20. North America Travel Insurance Market: International Travel, 2019-2030, $ mn
Figure 21. Breakdown of North America Travel Insurance Market by Coverage, 2019-2030, % of Sales Revenue
Figure 22. North America Addressable Market Cap in 2021-2030 by Coverage, Value ($ mn) and Share (%)
Figure 23. North America Travel Insurance Market: Medical Insurance, 2019-2030, $ mn
Figure 24. North America Travel Insurance Market: Trip Cancellation & Delay Insurance, 2019-2030, $ mn
Figure 25. North America Travel Insurance Market: Property Loss & Damage Insurance, 2019-2030, $ mn
Figure 26. North America Travel Insurance Market: Other Coverages, 2019-2030, $ mn
Figure 27. Breakdown of North America Travel Insurance Market by End User, 2019-2030, % of Revenue
Figure 28. North America Addressable Market Cap in 2021-2030 by End User, Value ($ mn) and Share (%)
Figure 29. North America Travel Insurance Market: Family Travelers, 2019-2030, $ mn
Figure 30. North America Travel Insurance Market: Senior Citizens, 2019-2030, $ mn
Figure 31. North America Travel Insurance Market: Business Travelers, 2019-2030, $ mn
Figure 32. North America Travel Insurance Market: Education Travelers, 2019-2030, $ mn
Figure 33. North America Travel Insurance Market: Backpackers, 2019-2030, $ mn
Figure 34. North America Travel Insurance Market: Other End Users, 2019-2030, $ mn
Figure 35. Breakdown of North America Travel Insurance Market by Distribution Channel, 2019-2030, % of Revenue
Figure 36. North America Addressable Market Cap in 2021-2030 by Distribution Channel, Value ($ mn) and Share (%)
Figure 37. North America Travel Insurance Market: Insurance Intermediaries, 2019-2030, $ mn
Figure 38. North America Travel Insurance Market: Insurance Companies, 2019-2030, $ mn
Figure 39. North America Travel Insurance Market: Banks, 2019-2030, $ mn
Figure 40. North America Travel Insurance Market: Insurance Brokers, 2019-2030, $ mn
Figure 41. North America Travel Insurance Market: Insurance Aggregators, 2019-2030, $ mn
Figure 42. North America Travel Insurance Market: Other Distribution Channels, 2019-2030, $ mn
Figure 43. Breakdown of North America Travel Insurance Market by Country, 2019 and 2030, % of Revenue
Figure 44. Contribution to North America 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 45. U.S. Travel Insurance Market, 2019-2030, $ mn
Figure 46. Canada Travel Insurance Market, 2019-2030, $ mn
Figure 47. Travel Insurance Market in Mexico, 2015-2030F, $ mn
Figure 48. Growth Stage of North America Travel Insurance Industry over the Forecast Period