Travel Insurance Industry Worldwide Until 2030

DublinAnd the May 30 2022 /PRNewswire/ – “Travel Insurance Market by Coverage Type, Distribution Channel and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030” report has been added to ResearchAndMarkets.com Show.

The global travel insurance market size has been estimated $12.38 billion In 2020, it is expected to reach $119.31 billion By 2030, at a compound annual growth rate of 26.1% from 2021 to 2030.

Travel insurance is a type of insurance that takes into account any unexpected or unwanted losses that can occur when traveling (either internationally or domestically). Typical travel insurance policies are usually designed to cover any medical emergencies during the period of travel, while more comprehensive travel insurance policies may also include trip cancellation, baggage loss, flight delays, general liability, among other charges unexpected during the period of travel.

Moreover, travel insurance can provide the traveler with a sense of security and safety while visiting a foreign land. However, with the slowdown in the travel and hospitality sector caused by the outbreak of the COVID-19 pandemic, the global travel insurance industry has also experienced a significant contraction during the period. Although the average travel landscape has returned to pre-pandemic levels, the travel insurance market is also expected to grow in the coming years.

The growth of the global travel insurance market is being driven by factors such as increased demand for tourism after the pandemic that are boosting the growth of the travel insurance market. In addition, government imposed travel policies are promoting the growth of the travel insurance market. However, low insurance policy penetration limits the growth of this market. On the contrary, the new technological developments of the travel insurance industry are expected to provide many opportunities for the expansion of the travel insurance market during the forecast period.

The global travel insurance market is segmented into type of coverage, distribution channel, end user, and region. Depending on the type of coverage, the market is segmented into single trip travel insurance and multi-trip annual travel insurance. On the basis of distribution channel, it is separated into insurance brokers, insurance companies, banks, insurance brokers and insurance aggregators. According to the end user, it is flagged into seniors, education travelers, business travelers, family travelers, and others. Zone wise, it is analyzed via North AmaricaAnd the EuropeAnd the Asia Pacificand LAMEA.

The global travel insurance market is dominated by major players such as ALLIANZ and AMERICAN INTERNATIONAL GROUP INC. and Assicurazioni Generali SPA, AXA, Insure and Go Insurance Services Limited, and Seven Corners Inc. and Trip Mate Inc. and Travel Insured International, Travel Safe Insurance, and USI INSURANCE SERVICES LLC. 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 global travel insurance market outlook along with current and future trends to explain impending investment pockets.
  • Information on major drivers, restraints, and opportunities and analysis of their impact on the global travel insurance market trends is provided in the report
  • Porter’s Five Forces Analysis shows the effectiveness of buyers and suppliers operating in the industry
  • Quantitative analysis of the market from 2021 to 2030 is provided to determine market potential

Main topics covered:

Chapter 1 Introduction

Chapter 2: Executive Summary

Chapter 3: Market View
3.1 Market definition and scope
3.2 Main results
3.2.1. top investment pockets
3.2.2. Best winning strategies
3.3 Porter’s Five Forces Analysis
3.3.1. Supplier bargaining power
3.3.2. Threat of newcomers
3.3.3. The threat of alternatives
3.3.4. Competitive rivalry
3.3.5. Bargaining power between buyers
3.4. Market share analysis / best position for players
3.4.1. Market Share Analysis / Top Players Websites 2020
3.5 Market dynamics
3.5.1. drivers
3.5.2. limitations
3.5.3. chances
3.6 Analysis of the impact of Covid-19
3.7 Competitive Heat Map

Chapter Four: Travel Insurance Market by Type of Cover
4.1 Market Overview
4.1.1 Market size and forecast, by type of coverage
4.2 Travel insurance for one trip
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3 Annual multi-trip travel insurance
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country

Chapter Five: Travel Insurance Market, by Distribution Channel
5.1 Market Overview
5.1.1 Market Size and Forecast, by Distribution Channel
5.2 Insurance Brokers
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3 Insurance companies
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Banks
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5 Insurance Brokers
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country
5.6 Insurance Collectors
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market share analysis by country

Chapter 6: The travel insurance market, by the end user
6.1 Market Overview
6.1.1 Market size and forecast, by end user
6.2 Senior citizens
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3 Education Travelers
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4 business travelers
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
6.5. family travelers
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market share analysis by country
6.6. Aharon
6.6.1. Key market trends, growth factors and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market share analysis by country

Chapter 7: Travel Insurance Market by Region

Chapter Eight: Company Profiles
8.1 Si . Alliance
8.1.1. Company Profile
8.1.2. Key Executives
8.1.3. company shot
8.1.4. Operating Business Sectors
8.1.5. product portfolio
8.1.6. business performance
8.1.7. Key strategic moves and developments
8.2 American International Group Inc.
8.2.1. Company Profile
8.2.2. Key Executives
8.2.3. company shot
8.2.4. Operating Business Sectors
8.2.5. product portfolio
8.2.6. business performance
8.2.7. Key strategic moves and developments
8.3 Assicurazioni Generali SPA
8.3.1. Company Profile
8.3.2. Key Executives
8.3.3. company shot
8.3.4. Operating Business Sectors
8.3.5. product portfolio
8.3.6. business performance
8.3.7. Key strategic moves and developments
8.4 Axa
8.4.1. Company Profile
8.4.2. Key Executives
8.4.3. company shot
8.4.4. Operating Business Sectors
8.4.5. product portfolio
8.4.6. business performance
8.4.7. Key strategic moves and developments
8.5 Insure and Go Limited Services
8.5.1. Company Profile
8.5.2. Key Executives
8.5.3. company shot
8.5.4. Operating Business Sectors
8.5.5. product portfolio
8.5.6. business performance
8.5.7. Key strategic moves and developments
8.6 Trip Mate, Inc.
8.6.1. Company Profile
8.6.2. Key Executives
8.6.3. company shot
8.6.4. Operating Business Sectors
8.6.5. product portfolio
8.6.6. business performance
8.6.7. Key strategic moves and developments
8.7 Seven Corners, Inc.
8.7.1. Company Profile
8.7.2. Key Executives
8.7.3. company shot
8.7.4. Operating Business Sectors
8.7.5. product portfolio
8.7.6. business performance
8.7.7. Key strategic moves and developments
8.8 International Travel Insurance
8.8.1. Company Profile
8.8.2. Key Executives
8.8.3. company shot
8.8.4. Operating Business Sectors
8.8.5. product portfolio
8.8.6. business performance
8.8.7. Key strategic moves and developments
8.9 Safe Travel Insurance
8.9.1. Company Profile
8.9.2. Key Executives
8.9.3. company shot
8.9.4. Operating Business Sectors
8.9.5. product portfolio
8.9.6. business performance
8.9.7. Key strategic moves and developments
8.10. USA Insurance Services, LLC
8.10.1. Company Profile
8.10.2. Key Executives
8.10.3. company shot
8.10.4. Operating Business Sectors
8.10.5. product portfolio
8.10.6. business performance
8.10.7. Key strategic moves and developments

For more information on this report, visit https://www.researchandmarkets.com/r/ubuam4

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