Travel Insurance Market By Insurance Cover (Single Trip Travel Insurance, Annual Multi-Trip Travel Insurance, and Long-Stay Travel Insurance), Distribution Channel (Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, and Insurance Aggregators), and End User (Senior Citizens, Education Travelers, Business Travelers, Family Travelers, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2027.

ID: VPR/B&F/272 Publishing Year: February 2021 Pages: 128 Format:   


Global Travel Insurance Market size was valued at xx million in 2019 and is expected to reach xx million by 2027.

Travel Insurance is designed to provide financial protection for unexpected events during travelling. It act as cushion in situations such as trip cancellation due to medical emergency, loss of luggage, evacuation due to medical condition or hijack, and loss of travel documents, and others. Travel Insurance is an affordable way of safeguard for those travelling abroad or domestic. Travel Insurance also provides emergency services like cash wire assistance, replacing lost passports, rebooking cancelled flights. In addition, Travel Insurance providers offer different plans by covering cost and losses depending on coverages in the policy. Travel Insurance is frequently sold as a package that may include several types of coverage.

Single Trip Insurance covers travellers for one trip while annual travel insurance are designed to cover travellers taking multiple short trips through a year and long stay Travel Insurance cover travellers who are primarily an extended period of time away from home. Therefore several intermediaries upgrading their offerings by incorporating their software such as global distribution system (GDS), which enables transactions between travel industry service providers such as airlines, car rentals, hotels, and travel agencies it works as fuel growth to the insurance market. However, lack of awareness toward Travel Insurance policies, low consumer experience in term of coverage, premium, third party provider of Travel Insurance remain primary concern, as output, these factors hamper the growth of Travel Insurance Market. On the contrary, insurers are expected to enhance existing distribution platforms of Travel Insurance to accelerate productivity with the help of technologies such as geo-location, application program interface (API), artificial intelligence (AI), data analytics, and global positioning system (GPS), among others. As a result, these factors are expected to create travel insurance market opportunity in the upcoming years.

Segment Insight:

The Global Travel Insurance Market is segmented on the basis of insurance cover, distribution channel, end user. In terms of insurance cover, it is segmented into single-trip travel insurance, annual multi-trip travel insurance, and long-stay Travel Insurance. By distribution channel, it is classified into insurance intermediaries, insurance companies, banks, insurance brokers, and insurance aggregators. On the basis of end user, it is segmented into senior citizens, education travelers, business travelers, family travelers, and others.

By Insurance Cover Type Insight:

Insurance cover is segmented into single-trip travel insurance, annual multi-trip travel insurance, and long-stay travel insurance. Reason being the consumer preference that has a wide range of preference with respect to how many times they wish to travel.

By Distribution Channel Type Insight:

Distribution channel is classified into insurance intermediaries, insurance companies, banks, insurance brokers, and insurance aggregators. Many travel providers offer Travel Insurance as an integrated part of the travel purchase. Consumers prefer the integrated part for further avoiding the need to enter any additional payment steps or personal information and also the transaction being easy to complete.

By End User Type Insight:

End user is segmented into senior citizens, education travelers, business travelers, family travelers, and others. Travel industry is increasing as travel has become an accepted part of academic, business and personal life in the modern world.

Major Key Players:

The report provides a comprehensive analysis of the key players operating in the Travel Insurance Market, such as Allianz Group, American International Group Inc., Assicurazioni Generali S.P.A, AXA, Insure & Go Insurance Services Limited, Seven Corners Inc., Travel Insured International, Travel Safe Insurance, USI Insurance Services, and Zurich Insurance Co. Limited. Most of the Key Players in Travel Insurance Market are focusing on business expansion to gain a higher revenue share through the adoption of strategies, such as mergers and acquisitions and new product development.

Travel Insurance Market Key Segments:

By Insurance Cover

  • Single-Trip Travel Insurance
  • Annual Multi-Trip Travel Insurance
  • Long-Stay Travel Insurance 

By Distribution Channel 

  • Insurance Intermediaries
  • Insurance Companies
  • Banks
  • Insurance Brokers
  •  Insurance Aggregator

By End User 

  • Senior Citizens
  • Education Travelers
  • Business Travelers
  • Family Travelers
  • Others 

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany 
    • France
    • Italy
    • Spain
    • Netherlands
    • Rest of Europe
  • Asia-Pacific 
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America 
    • Middle East
    • Africa


Frequently Asked Questions
Such as Allianz Group, American International Group Inc., Assicurazioni Generali S.P.A, AXA, Insure & Go Insurance Services Limited, Seven Corners Inc., Travel Insured International, Travel Safe Insurance, USI Insurance Services, and Zurich Insurance Co. Limited.

TABLE OF CONTENTS:

CHAPTER 1 MARKET INTRODUCTION

1.1. REPORT OVERVIEW

1.2. SCOPE OF THE STUDY

1.3. PRIMARY MARKET SEGMENTS

1.4. RESEARCH METHODOLOGY

CHAPTER 2 EXECUTIVE SUMMARY

2.1. C-LEVEL EXECUTIVE’S OVERVIEW AND PERSPECTIVES

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE

3.2. PRINCIPAL FINDINGS

3.2.1. Key investment pockets

3.2.2. Leading winning strategies

  3.2.3 Key Player Positioning

3.3. PORTERS FIVE FORCES OF COMPETITIVE ANALYSIS

 3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.2. Restraints

3.4.3. Opportunities

3.4.4. Impact Analysis

3.5. IMPACT OF COVID-19 ON THIS MARKET

CHAPTER 4 TRAVEL INSURANCE MARKET, BY INSURANCE COVER

4.1. SYNOPSIS

4.1.1. Market size and forecast

4.2. SINGLE-TRIP TRAVEL INSURANCE

4.2.1. Key market trends

4.2.2. Growth factors and opportunities

4.2.3. Market size and forecast

4.3. ANNUAL MULTI-TRIP TRAVEL INSURANCE

4.3.1. Key market trends

4.3.2. Growth factors and opportunities

4.3.3. Market size and forecast

4.4. LONG-STAY TRAVEL INSURANCE

4.4.1. Key market trends

4.4.2. Growth factors and opportunities

4.4.3. Market size and forecast

CHAPTER 5 TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL

5.1. SYNOPSIS

5.1.1. Market size and forecast

5.2. INSURANCE INTERMEDIARIES

5.2.1. Key market trends

5.2.2. Growth factors and opportunities

5.2.3. Market size and forecast

5.3. INSURANCE COMPANIES

5.3.1. Key market trends

5.3.2. Growth factors and opportunities

5.3.3. Market size and forecast

5.4. BANKS

5.4.1. Key market trends

5.4.2. Growth factors and opportunities

5.4.3. Market size and forecast

5.5. INSURANCE BROKERS

5.5.1. Key market trends

5.5.2. Growth factors and opportunities

  5.5.3. Market size and forecast

5.6. INSURANCE AGGREGATORS

5.6.1. Key market trends

5.6.2. Growth factors and opportunities

5.6.3. Market size and forecast

CHAPTER 6 TRAVEL INSURANCE MARKET, BY END USER

6.1. SYNOPSIS

6.1.1. Market size and forecast

6.2. SENIOR CITIZENS

6.2.1. Market size and forecast

6.3. EDUCATION TRAVELERS

6.3.1. Market size and forecast

6.4. BUSINESS TRAVELERS

6.4.1. Market size and forecast

6.5. FAMILY TRAVELERS

6.5.1. Market size and forecast

CHAPTER 7 TRAVEL INSURANCE MARKET, BY REGION

7.1 SYNOPSIS

7.2 North America

7.2.1 Key market trends

7.2.2 Competitive scenario

7.2.3 Key growth factors and opportunities

7.2.4 Market size and forecast

7.3 Europe

7.3.1 Key market trends

7.3.2 Competitive scenario

7.3.3 Key growth factors and opportunities

7.3.4 Market size and forecast

7.4 Asia Pacific

7.4.1 Key market trends

7.4.2 Competitive scenario

7.4.3 Key growth factors and opportunities

7.4.4 Market size and forecast

7.5 LAMEA

7.5.1 Key market trends

7.5.2 Key growth factors and opportunities

7.5.3 Market size and forecast

CHAPTER 8 COMPANY PROFILES

  8.1. ALLIANZ GROUP

8.1.1. Company overview

8.1.2. Company snapshot

8.1.3. Product portfolio

8.1.4. Business performance

8.1.5. Key strategic moves and developments

  8.2. AMERICAN INTERNATIONAL GROUP INC.

8.2.1. Company overview

8.2.2. Company snapshot

8.2.3. Operating business segments

8.2.4. Product portfolio

8.2.5. Business performance

8.2.6. Key strategic moves and developments

8.3. ASSICURAZIONI GENERALI S.P.A

8.3.1. Company overview

8.3.2. Company snapshot

8.3.3. Operating business segments

8.3.4. Product portfolio

8.3.5. Business performance

8.3.6. Key strategic moves and developments

8.4. AXA

8.4.1. Company overview

8.4.2. Company snapshot

8.4.3. Operating business segments

8.4.4. Product portfolio

8.4.5. Business performance

8.4.6. Key strategic moves and developments

8.5. INSURE & GO INSURANCE SERVICES LIMITED.

8.5.1. Company overview

8.5.2. Company snapshot

8.5.3. Operating business segments

8.5.4. Product portfolio

8.5.5. Business performance

8.5.6. Key strategic moves and developments

8.6. SEVEN CORNERS INC.

8.6.1. Company overview

8.6.2. Company Snapshot

8.6.3. Operating business segments

8.6.4. Product portfolio

8.6.5. Business performance

8.6.6. Key strategic moves and developments

8.7. TRAVEL INSURED INTERNATIONAL

8.7.1. Company overview

8.7.2. Company snapshot

8.7.3. Operating business segments

8.7.4. Product portfolio

8.7.5. Business performance

8.7.6. Key strategic moves and developments

8.8. TRAVELSAFEINSURANCE

8.8.1. Company overview

8.8.2. Company snapshot

8.8.3. Operating business segments

8.8.4. Product portfolio

8.8.5. Business performance

8.8.6. Key strategic moves and developments

8.9. USI INSURANCE SERVICES

8.9.1. Company overview

8.9.2. Company snapshot

8.9.3. Operating business segments

8.9.4. Product portfolio

8.9.5. Business performance

8.9.6. Key strategic moves and developments

8.10. ZURICH INSURANCE CO. LIMITED.

8.10.1. Company overview

8.10.2. Company snapshot

8.10.3. Product portfolio

8.10.4. Key strategic moves and developments


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