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The travel insurance market is forecasted to grow by USD 12.07 billion during 2023-2028, accelerating at a CAGR of 10.24% during the forecast period. The report on the travel insurance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing tourism and business travels, new technological developments, and growing demand for travel insurance.
The travel insurance market is segmented as below:
By End-user
- Senior citizens
- Business travel
- Family travel
- Others
By Type
- General travel insurance
- Premium travel insurance
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
The report on the travel insurance market covers the following areas:
- Travel insurance market sizing
- Travel insurance market forecast
- Travel insurance market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global travel insurance market: Allianz SE, American Express Co., American International Group Inc., Arch Capital Group Ltd., Assicurazioni Generali S.p.A., Aviva insurance Ltd., AXA Group, Berkshire Hathaway Inc., British United Provident Association Ltd., Chester Perfetto Agency Inc., Chubb Ltd., Fairfax Financial Holdings Ltd., HanseMerkur Reiseversicherung AG, HDFC Ltd., MAPFRE S.A., Seven Corners Inc., SiriusPoint Ltd., Sun Life Financial Inc., The Goldman Sachs Group Inc., and Zurich Insurance Co. Ltd..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is insurance for unconventional expenses."
According to the report, one of the major drivers for this market is the growing tourism and business travels.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Allianz SE
- American Express Co.
- American International Group Inc.
- Arch Capital Group Ltd.
- Assicurazioni Generali S.p.A.
- Aviva insurance Ltd.
- AXA Group
- Berkshire Hathaway Inc.
- British United Provident Association Ltd.
- Chester Perfetto Agency Inc.
- Chubb Ltd.
- Fairfax Financial Holdings Ltd.
- HanseMerkur Reiseversicherung AG
- HDFC Ltd.
- MAPFRE S.A.
- Seven Corners Inc.
- SiriusPoint Ltd.
- Sun Life Financial Inc.
- The Goldman Sachs Group Inc.
- Zurich Insurance Co. Ltd.
