Asia-Pacific, EMEA, and LATAM Travel Insurance Market Size, Share, Competitive Landscape and Trend Analysis Report, by Insurance Cover, Distribution Channel, End User, Age Group : Opportunity Analysis and Industry Forecast, 2024-2033

August 2024 | 307 pages | ID: A3F9F57D806AEN
Allied Market Research

US$ 2,400.00

E-mail Delivery (PDF), Online Subscription, Hard Copy Mail Delivery, CD-ROM Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
The Asia-Pacific, EMEA, and LATAM travel insurance market was valued at $15,692.76 million in 2023, and is projected to reach $98,022.93 million by 2033, registering a CAGR of 19.8% from 2024 to 2033. Travel insurance is a type of coverage that protects travelers from risks and financial losses they may encounter during their journeys. These risks can range from minor inconveniences, such as missed flight connections and delayed luggage, to serious problems like injuries or significant illnesses. Travel insurance policies are typically available for both international tourists and domestic travelers. Also, travel insurance provides peace of mind and a sense of security, especially when visiting unfamiliar places.

The rising number of travel and tourism activities is a major factor driving the travel insurance market in Asia-Pacific, EMEA, and LATAM. As more people recognize the potential risks associated with traveling, they increasingly opt for insurance coverage to safeguard their trips. Furthermore, growing awareness of travel-related risks, such as medical emergencies and trip cancellations, has boosted the demand for travel insurance as a form of protection. Some countries or destinations have even implemented regulations requiring travelers to have insurance, further propelling market growth in these regions.

Despite these drivers, limited awareness about travel insurance policies among consumers continues to hinder the market's growth. On the other hand, advancements in travel insurance technology are expected to create significant growth opportunities in the coming years. Additionally, emerging markets hold great potential for expansion as more individuals from these regions begin to travel and seek insurance coverage. Finally, partnerships with airlines, travel agencies, and online travel platforms can strengthen distribution networks, reach a broader customer base, and enable cross-selling, driving market growth across Asia-Pacific, EMEA, and LATAM.

The Asia-Pacific, EMEA, and LATAM travel insurance market is segmented on the basis of insurance cover, distribution channel, end user, age group, and region. By insurance cover, it is fragmented into single-trip travel insurance, annual multi-trip travel insurance, and long-stay travel insurance. By distribution channel, the market is divided into airlines, banking organizations, ferry operators, insurance brands, online travel agency (OTA), railway operators, travel agents/tour operators, and others. By end user, it is classified into senior citizens, education travelers, business travelers, family travelers, and others. By age group, it is segregated into 1-17 years old, 18-30 years old, 31-49 years old, and above 50 years. By region, it is analyzed across Europe, Asia-Pacific, and LAMEA.

The Asia-Pacific, EMEA, and LATAM travel insurance market analysis includes top companies operating in the market such as Allianz SE, American International Group, Inc., Assicurazioni Generali S.p.A, Aviva Plc., AXA Group, Berkshire Hathaway Specialty Insurance, Chubb Group of Insurance Companies, ERGO Reiseversicherung AG, Seven Corners, Inc., ROCK Insurance Services Limited, Just Insurance Agents Limited, PassportCard Europe GmbH, Staysure Holdings Limited, Trailfinders Limited, and Zurich Insurance Company Ltd. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

KEY BENEFITS FOR STAKEHOLDERS

• The study provides an in-depth analysis of the Asia-Pacific, EMEA, and LATAM travel insurance market along with the current trends and future estimations to elucidate the imminent investment pockets.

• Information about key drivers, restraints, and opportunities and their impact analysis on the Asia-Pacific, EMEA, and LATAM travel insurance market size is provided in the report.

• The Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the Asia-Pacific, EMEA, and LATAM travel insurance industry.

• The quantitative analysis of the Asia-Pacific, EMEA, and LATAM travel insurance market for the period 2023–2033 is provided to determine the Asia-Pacific, EMEA, and LATAM travel insurance market potential.

Additional benefits you will get with this purchase are:

• Quarterly Update and* (only available with a corporate license, on listed price)

• 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.

• Free Upcoming Version on the Purchase of Five and Enterprise User License.

• 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)

• 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)

• Free data Pack on the Five and Enterprise User License. (Excel version of the report)

• Free Updated report if the report is 6-12 months old or older.

• 24-hour priority response*

• Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

• Investment Opportunities

• Market share analysis of players by products/segments

• Regulatory Guidelines

• Additional company profiles with specific to client's interest

• Additional country or region analysis- market size and forecast

• Expanded list for Company Profiles

• Market share analysis of players at region/country level

Key Market Segments

By Insurance Cover

• Single-Trip Travel Insurance

• Annual Multi-Trip Travel Insurance

• Long-Stay Travel Insurance

By Distribution Channel

• Airlines

• Banking Organizations

• Ferry Operators

• Insurance Brands

• Online Travel Agency (OTA)

• Railway Operators

• Travel Agents/Tour Operators

• Others

By End User

• Senior Citizens

• Education Travelers

• Business Travelers

• Family Travelers

• Others

By Age Group

• 1-17 Years Old

• 18-30 Years Old

• 31-49 Years Old

• Above 50 Years

By Region

• Europe

o UK

o Germany

o France

o Spain

o Italy

o Rest of Europe

• Asia-Pacific

o China

o Japan

o India

o Australia

o South Korea

o Rest of Asia-Pacific

• LAMEA

o Latin America

o Middle East

o Africa

Key market players

• Allianz SE

• American International Group, Inc.

• Assicurazioni Generali S.p.A

• Aviva Plc.

• AXA Group

• Berkshire Hathaway Specialty Insurance

• Chubb Group of Insurance Companies

• ERGO Reiseversicherung AG

• Seven Corners, Inc.

• ROCK Insurance Services Limited

• Just Insurance Agents Limited

• PassportCard Europe GmbH

• Staysure Holdings Limited

• Trailfinders Limited

• Zurich Insurance Company Ltd
CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
  1.4.1. Secondary research
  1.4.2. Primary research
  1.4.3. Analyst tools & models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. Key findings
  2.1.1. Top impacting factors
  2.1.2. Top investment pockets
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Key forces shaping the Asia-Pacific, EMEA, and LATAM travel insurance market
3.2. Market Dynamics
  3.2.1. Drivers
    3.2.1.1. Rapid growth in tourism
    3.2.1.2. Convenient shopping due to online comparison sites
    3.2.1.3. Travel rules and regulations
  3.2.2. Restraint
    3.2.2.1. Lack of awareness regarding travel insurance policy
  3.2.3. Opportunities
    3.2.3.1. Expansion of products and services
    3.2.3.2. New technological developments in the travel insurance industry

CHAPTER 4: ASIA-PACIFIC, EMEA, AND LATAM TRAVEL INSURANCE MARKET, BY AGE GROUP

4.1. Overview
4.2. 1-17 Years Old
  4.2.1. Key market trends, growth factors, and opportunities
  4.2.2. Market size and forecast, by region
4.3. 18-30 Years Old
  4.3.1. Key market trends, growth factors, and opportunities
  4.3.2. Market size and forecast, by region
4.4. 31-49 Years Old
  4.4.1. Key market trends, growth factors, and opportunities
  4.4.2. Market size and forecast, by region
4.5. Above 50 years
  4.5.1. Key market trends, growth factors, and opportunities
  4.5.2. Market size and forecast, by region

CHAPTER 5: ASIA-PACIFIC, EMEA, AND LATAM TRAVEL INSURANCE MARKET, BY INSURANCE COVER

5.1. Overview
5.2. Single-Trip Travel Insurance
  5.2.1. Key market trends, growth factors, and opportunities
  5.2.2. Market size and forecast, by region
5.3. Annual Multi-Trip Travel Insurance
  5.3.1. Key market trends, growth factors, and opportunities
  5.3.2. Market size and forecast, by region
5.4. Long-Stay Travel Insurance
  5.4.1. Key market trends, growth factors, and opportunities
  5.4.2. Market size and forecast, by region

CHAPTER 6: ASIA-PACIFIC, EMEA, AND LATAM TRAVEL INSURANCE MARKET, BY END USER

6.1. Overview
6.2. Senior Citizens
  6.2.1. Market size and forecast, by region
6.3. Education Travelers
  6.3.1. Key market trends, growth factors, and opportunities
  6.3.2. Market size and forecast, by region
6.4. Business Travelers
  6.4.1. Key market trends, growth factors, and opportunities
  6.4.2. Market size and forecast, by region
6.5. Family Travelers
  6.5.1. Key market trends, growth factors, and opportunities
  6.5.2. Market size and forecast, by region
6.6. Others
  6.6.1. Key market trends, growth factors, and opportunities
  6.6.2. Market size and forecast, by region

CHAPTER 7: ASIA-PACIFIC, EMEA, AND LATAM TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL

7.1. Overview
7.2. Airlines
  7.2.1. Key market trends, growth factors, and opportunities
  7.2.2. Market size and forecast, by region
7.3. Banking Organizations
  7.3.1. Key market trends, growth factors, and opportunities
  7.3.2. Market size and forecast, by region
7.4. Ferry Operators
  7.4.1. Key market trends, growth factors, and opportunities
  7.4.2. Market size and forecast, by region
7.5. Insurance Brands
  7.5.1. Key market trends, growth factors, and opportunities
  7.5.2. Market size and forecast, by region
7.6. Online Travel Agency (OTA)
  7.6.1. Key market trends, growth factors, and opportunities
  7.6.2. Market size and forecast, by region
7.7. Railway Operators
  7.7.1. Key market trends, growth factors, and opportunities
  7.7.2. Market size and forecast, by region
7.8. Travel Agents/Tour Operators
  7.8.1. Key market trends, growth factors, and opportunities
  7.8.2. Market size and forecast, by region
7.9. Others
  7.9.1. Key market trends, growth factors, and opportunities
  7.9.2. Market size and forecast, by region

CHAPTER 8: TRAVEL INSURANCE MARKET, BY REGION

8.1. Overview
  8.1.1. Market size and forecast
8.2. Europe
  8.2.1. Key market trends, growth factors, and opportunities
  8.2.2. Market size and forecast, by Age Group
  8.2.3. Market size and forecast, by insurance cover
  8.2.4. Market size and forecast, by End User
  8.2.5. Market size and forecast, by Distribution Channel
  8.2.6. Market size and forecast, by Country
    8.2.6.1. UK
      8.2.6.1.1. Market size and forecast, by Age Group
      8.2.6.1.2. Market size and forecast, by insurance cover
      8.2.6.1.3. Market size and forecast, by End User
      8.2.6.1.4. Market size and forecast, by Distribution Channel
    8.2.6.2. Germany
      8.2.6.2.1. Market size and forecast, by Age Group
      8.2.6.2.2. Market size and forecast, by insurance cover
      8.2.6.2.3. Market size and forecast, by End User
      8.2.6.2.4. Market size and forecast, by Distribution Channel
    8.2.6.3. France
      8.2.6.3.1. Market size and forecast, by Age Group
      8.2.6.3.2. Market size and forecast, by insurance cover
      8.2.6.3.3. Market size and forecast, by End User
      8.2.6.3.4. Market size and forecast, by Distribution Channel
    8.2.6.4. Italy
      8.2.6.4.1. Market size and forecast, by Age Group
      8.2.6.4.2. Market size and forecast, by insurance cover
      8.2.6.4.3. Market size and forecast, by End User
      8.2.6.4.4. Market size and forecast, by Distribution Channel
    8.2.6.5. Spain
      8.2.6.5.1. Market size and forecast, by Age Group
      8.2.6.5.2. Market size and forecast, by insurance cover
      8.2.6.5.3. Market size and forecast, by End User
      8.2.6.5.4. Market size and forecast, by Distribution Channel
    8.2.6.6. Rest of Europe
      8.2.6.6.1. Market size and forecast, by Age Group
      8.2.6.6.2. Market size and forecast, by insurance cover
      8.2.6.6.3. Market size and forecast, by End User
      8.2.6.6.4. Market size and forecast, by Distribution Channel
8.3. Asia-Pacific
  8.3.1. Key market trends, growth factors, and opportunities
  8.3.2. Market size and forecast, by Age Group
  8.3.3. Market size and forecast, by insurance cover
  8.3.4. Market size and forecast, by End User
  8.3.5. Market size and forecast, by Distribution Channel
  8.3.6. Market size and forecast, by Country
    8.3.6.1. China
      8.3.6.1.1. Market size and forecast, by Age Group
      8.3.6.1.2. Market size and forecast, by insurance cover
      8.3.6.1.3. Market size and forecast, by End User
      8.3.6.1.4. Market size and forecast, by Distribution Channel
    8.3.6.2. Japan
      8.3.6.2.1. Market size and forecast, by Age Group
      8.3.6.2.2. Market size and forecast, by insurance cover
      8.3.6.2.3. Market size and forecast, by End User
      8.3.6.2.4. Market size and forecast, by Distribution Channel
    8.3.6.3. India
      8.3.6.3.1. Market size and forecast, by Age Group
      8.3.6.3.2. Market size and forecast, by insurance cover
      8.3.6.3.3. Market size and forecast, by End User
      8.3.6.3.4. Market size and forecast, by Distribution Channel
    8.3.6.4. Australia
      8.3.6.4.1. Market size and forecast, by Age Group
      8.3.6.4.2. Market size and forecast, by insurance cover
      8.3.6.4.3. Market size and forecast, by End User
      8.3.6.4.4. Market size and forecast, by Distribution Channel
    8.3.6.5. South Korea
      8.3.6.5.1. Market size and forecast, by Age Group
      8.3.6.5.2. Market size and forecast, by insurance cover
      8.3.6.5.3. Market size and forecast, by End User
      8.3.6.5.4. Market size and forecast, by Distribution Channel
    8.3.6.6. Rest of Asia-Pacific
      8.3.6.6.1. Market size and forecast, by Age Group
      8.3.6.6.2. Market size and forecast, by insurance cover
      8.3.6.6.3. Market size and forecast, by End User
      8.3.6.6.4. Market size and forecast, by Distribution Channel
8.4. LAMEA
  8.4.1. Key market trends, growth factors, and opportunities
  8.4.2. Market size and forecast, by Age Group
  8.4.3. Market size and forecast, by insurance cover
  8.4.4. Market size and forecast, by End User
  8.4.5. Market size and forecast, by Distribution Channel
  8.4.6. Market size and forecast, by Country
    8.4.6.1. Latin America
      8.4.6.1.1. Market size and forecast, by Age Group
      8.4.6.1.2. Market size and forecast, by insurance cover
      8.4.6.1.3. Market size and forecast, by End User
      8.4.6.1.4. Market size and forecast, by Distribution Channel
    8.4.6.2. Middle East
      8.4.6.2.1. Market size and forecast, by Age Group
      8.4.6.2.2. Market size and forecast, by insurance cover
      8.4.6.2.3. Market size and forecast, by End User
      8.4.6.2.4. Market size and forecast, by Distribution Channel
    8.4.6.3. Africa
      8.4.6.3.1. Market size and forecast, by Age Group
      8.4.6.3.2. Market size and forecast, by insurance cover
      8.4.6.3.3. Market size and forecast, by End User
      8.4.6.3.4. Market size and forecast, by Distribution Channel

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top winning strategies
9.3. Competitive dashboard

CHAPTER 10: COMPANY PROFILE

10.1. AMERICAN INTERNATIONAL GROUP, INC.
  10.1.1. Company overview
  10.1.2. Company snapshot
  10.1.3. Operating business segments
  10.1.4. Product portfolio
  10.1.5. Business performance
10.2. AVIVA PLC.
  10.2.1. Company overview
  10.2.2. Company snapshot
  10.2.3. Operating business segments
  10.2.4. Product portfolio
  10.2.5. Business performance
  10.2.6. Key strategic moves and developments
10.3. AXA
  10.3.1. Company overview
  10.3.2. Company snapshot
  10.3.3. Operating business segments
  10.3.4. Product portfolio
  10.3.5. Business performance
  10.3.6. Key strategic moves and developments
10.4. ZURICH INSURANCE GROUP
  10.4.1. Company overview
  10.4.2. Company snapshot
  10.4.3. Product portfolio
  10.4.4. Business performance
  10.4.5. Key strategic moves and developments
10.5. PASSPORTCARD DEUTSCHLAND GMBH
  10.5.1. Company overview
  10.5.2. Company Snapshot
  10.5.3. Product portfolio
  10.5.4. Key strategic moves and developments
10.6. TRAILFINDERS LTD.
  10.6.1. Company overview
  10.6.2. Company snapshot
  10.6.3. Product portfolio
10.7. INSUREFOR.COM
  10.7.1. Company overview
  10.7.2. Company Snapshot
  10.7.3. Product portfolio
  10.7.4. Key strategic moves and developments
10.8. ALLIANZ PARTNERS
  10.8.1. Company overview
  10.8.2. Company snapshot
  10.8.3. Operating business segments
  10.8.4. Product portfolio
  10.8.5. Business performance
10.9. ASSICURAZIONI GENERALI S.P.A.
  10.9.1. Company overview
  10.9.2. Company snapshot
  10.9.3. Operating business segments
  10.9.4. Product portfolio
  10.9.5. Business performance
10.10. ERGO TRAVEL INSURANCE SERVICES LTD.
  10.10.1. Company overview
  10.10.2. Company snapshot
  10.10.3. Product portfolio
10.11. CHUBB GROUP
  10.11.1. Company overview
  10.11.2. Company snapshot
  10.11.3. Product portfolio
  10.11.4. Business Performance
  10.11.5. Key strategic moves and developments
10.12. BERKSHIRE HATHAWAY SPECIALTY INSURANCE
  10.12.1. Company overview
  10.12.2. Company snapshot
  10.12.3. Product portfolio
  10.12.4. Key strategic moves and developments
10.13. SEVEN CORNERS INC
  10.13.1. Company overview
  10.13.2. Company snapshot
  10.13.3. Product portfolio
10.14. JUST INSURANCE AGENTS LIMITED
  10.14.1. Company overview
  10.14.2. Company snapshot
  10.14.3. Product portfolio
  10.14.4. Key strategic moves and developments
10.15. TICORP LIMITED
  10.15.1. Company overview
  10.15.2. Company snapshot
  10.15.3. Product portfolio
  10.15.4. Key strategic moves and developments


More Publications