Travel Insurance Market

cover (annual multi-trip travel insurance, single trip travel insurance, and long stay travel insurance) users(backpackers, education traveler, senior citizens, fully independent traveler, business traveler, and family travelers)-Global Industry Opportunity 2017-2025

  • Date BFSI
  • Date December 2017
  • price $3995
 
 

Travel Insurance Market - Overall Industry Statistics 2025

Progressive Markets published a report, “Travel Insurance Market cover (annual multi-trip travel insurance, single trip travel insurance, and long stay travel insurance) users (backpackers, education traveler, senior citizens, fully independent traveler, business traveler, and family travelers) - Global Industry Opportunity 2017-2025,” which says that the global market was valued at $14021.5 million in 2014 and is likely to garner $32709.3 million by 2025, growing at a CAGR of 8.5% from 2018-2025.

Travel involves adventure and risk and therefore taking out travel insurance is important. It is necessary to have travel insurance in place, especially for a frequent traveler. This way one can enjoy the trip as well as get within the security of insurance. Travel insurance basically reduces the risks that a traveler faces due to trip cancellations, evacuation due to a medical condition or hijack, medical emergencies, delays or loss of baggage, loss of cash, or loss of travel documents. The demand for travel insurance is more among consumers as it helps them in recovering from these unexpected events occurring during travel. The various types of coverage available for travel insurance buyers include travel delay, personal liability, tour operator default, legal expenses, accidental death, emergency reunion, and others.

Market Drivers and Restraints:

The report discusses the drivers and restraints impacting the global travel insurance market. Factors such as a rise in tourism, a rise in globalization, and an increasing travel rules & regulations drive the growth of the market. Moreover, new technological developments make way for new opportunities for growth in the global industry. On the other hand, low penetration of insurance policies impedes the growth in the industry.

Travel Insurance Market Key Segmentation:

The travel insurance market research report offers a detailed analysis of the industry based on its segmentation. The market is segmented by insurance cover, distribution channels, users, and geography. Based on insurance cover, the market is further bifurcated into annual multi-trip travel insurance, single trip travel insurance, and long stay travel insurance. Based on the distribution channels, the market is classified as insurance intermediaries, banks, insurance company, insurance aggregator, insurance brokers, and others. Based on users, the travel insurance market is divided into backpackers, education traveler, senior citizens, fully independent traveler, business traveler, and family travelers. Geographically, the travel insurance market research report analyzes the market across the geographical regions such as North America, Europe, Asia-Pacific, and LAMEA. The market study for LAMEA covers Latin America, Middle East, and Africa.

By Insurance Cover

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

By Distribution Channels

  • Insurance intermediaries
  • Banks
  • Insurance Company
  • Insurance Aggregator
  • Insurance Brokers
  • Others

By Users

  • Backpackers
  • Education Traveler
  • Senior Citizens
  • Fully Independent Traveler
  • Business Traveler
  • Family Travelers

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA
  1. Latin America
  2. Middle East
  3. Africa
Key Market Players:

The top players operating in the global travel insurance market are included in the report. They have adopted various strategies such as expansion, collaborations, agreements, mergers & acquisitions, partnerships, joint ventures, and others to gain a strong foothold in the industry and gain competitive advantage. The emerging players include USI Affinity, Seven Corners Inc., Generali Group, MH Ross, Allianz Global Assistance, Travel Safe, AXA SA, AIG Travel, InsureandGo, Travel Insured International, and others.

Key Benefits of the Report:

The travel insurance market report covers an extensive analysis of the market on a global level. It encompasses the travel insurance market size, travel insurance market share analysis, market dynamics, travel insurance industry statistics, Porter’s Five Forces Analysis (PFFA), industry segmentation, company profiles, market scope and definitions, and market forecast. The market size explains where the market is and where it is going. The study provides an analysis of the historic market size from 2014 to 2016 along with a market forecast from 2018 to 2025 for every segment and region. The market share analysis helps determine how the players are performing as compared to their competitors. The travel insurance industry statistics, charts, and more add credibility to the travel insurance market data in the report. The drivers and restraints of the industry along with the impact they have on the market help identify the potential areas of growth. To understand the competitive landscape of the travel insurance industry, the report provides an analysis of the Porter’s Five Forces model. It comprises the bargaining power of buyers, bargaining power of suppliers, the threat of substitutes, the threat of new entrants, and industry rivalry. The key players participating in the market along with their details such as recent developments, marketing strategies, profiles, and more help determine the growth opportunities in the travel insurance industry.
SECTION 1    EXECUTIVE SUMMARY
1.1.     KEY FINDINGS
1.2.     MARKET ATTRACTIVENESS AND TREND ANALYSIS
1.3.     COMPETITIVE LANDSCAPE AND RECENT INDUSTRY DEVELOPMENT ANALYSIS
SECTION 2    INTRODUCTION
2.1.     REPORT DESCRIPTION
2.2.     SCOPE AND DEFINITIONS
2.3.     RESEARCH METHODOLOGY
SECTION 3    MARKET LANDSCAPE
3.1.     GROWTH DRIVERS
3.1.1.    Impact Analysis
3.2.     RESTRAINS AND CHALLENGES
3.2.1.    Impact Analysis
3.3.     PORTERS ANALYSIS
3.3.1.    Bargaining power of buyers
3.3.2.    Bargaining power of suppliers
3.3.3.    Threat of substitutes
3.3.4.    Industry rivalry
3.3.5.    Threat of new entrants
3.4.     GLOBAL TRAVEL INSURANCE MARKET SHARES ANALYSIS, 2014-2025
3.4.1.    Global travel insurance market share by insurance cover, 2014-2025
3.4.2.    Global travel insurance market share by distribution channels, 2014-2025
3.4.3.    Global travel insurance market share by users, 2014-2025
3.4.4.    Global travel insurance market share by geography, 2014-2025
SECTION 4    TRAVEL INSURANCE MARKET BY INSURANCE COVER
4.1.   ANNUAL MULTI-TRIP TRAVEL INSURANCE
4.1.1.   Historical Market Size by Region, 2014-2016
4.1.2.   Market Forecast by Region, 2017-2025
4.2.   SINGLE TRIP TRAVEL INSURANCE
4.2.1.   Historical Market Size by Region, 2014-2016
4.2.2.   Market Forecast by Region, 2017-2025
4.3.   LONG STAY TRAVEL INSURANCE
4.3.1.   Historical Market Size by Region, 2014-2016
4.3.2.   Market Forecast by Region, 2017-2025
SECTION 5    TRAVEL INSURANCE MARKET BY DISTRIBUTION CHANNELS
5.1.   INSURANCE INTERMEDIARIES
5.1.1.   Historical Market Size by Region, 2014-2016
5.1.2.   Market Forecast by Region, 2017-2025
5.2.   BANKS
5.2.1.   Historical Market Size by Region, 2014-2016
5.2.2.   Market Forecast by Region, 2017-2025
5.3.   INSURANCE COMPANY
5.3.1.   Historical Market Size by Region, 2014-2016
5.3.2.   Market Forecast by Region, 2017-2025
5.4.   INSURANCE AGGREGATOR
5.4.1.   Historical Market Size by Region, 2014-2016
5.4.2.   Market Forecast by Region, 2017-2025
5.5.   INSURANCE BROKERS
5.5.1.   Historical Market Size by Region, 2014-2016
5.5.2.   Market Forecast by Region, 2017-2025
5.6.   OTHERS
5.6.1.   Historical Market Size by Region, 2014-2016
5.6.2.   Market Forecast by Region, 2017-2025
SECTION 6    TRAVEL INSURANCE MARKET BY USERS
6.1.   BACKPACKERS
6.1.1.   Historical Market Size by Region, 2014-2016
6.1.2.   Market Forecast by Region, 2017-2025
6.2.   EDUCATION TRAVELER
6.2.1.   Historical Market Size by Region, 2014-2016
6.2.2.   Market Forecast by Region, 2017-2025
6.3.   SENIOR CITIZENS
6.3.1.   Historical Market Size by Region, 2014-2016
6.3.2.   Market Forecast by Region, 2017-2025
6.4.   FULLY INDEPENDENT TRAVELER
6.4.1.   Historical Market Size by Region, 2014-2016
6.4.2.   Market Forecast by Region, 2017-2025
6.5.   BUSINESS TRAVELER
6.5.1.   Historical Market Size by Region, 2014-2016
6.5.2.   Market Forecast by Region, 2017-2025
6.6.   FAMILY TRAVELERS
6.6.1.   Historical Market Size by Region, 2014-2016
6.6.2.   Market Forecast by Region, 2017-2025
SECTION 7    TRAVEL INSURANCE MARKET BY GEOGRAPHY
7.1.   NORTH AMERICA
7.1.1.   U.S.
7.1.1.1.   Historical Market Size, 2014-2016
7.1.1.2.   Market Forecast, 2017-2025
7.1.2.   Canada
7.1.2.1.   Historical Market Size, 2014-2016
7.1.2.2.   Market Forecast, 2017-2025
7.1.3.   Mexico
7.1.3.1.   Historical Market Size, 2014-2016
7.1.3.2.   Market Forecast, 2017-2025
7.1.   EUROPE
7.1.1.   UK
7.1.1.1.   Historical Market Size, 2014-2016
7.1.1.2.   Market Forecast, 2017-2025
7.1.2.   Germany
7.1.2.1.   Historical Market Size, 2014-2016
7.1.2.2.   Market Forecast, 2017-2025
7.1.3.   France
7.1.3.1.   Historical Market Size, 2014-2016
7.1.3.2.   Market Forecast, 2017-2025
7.1.4.   Russia
7.1.4.1.   Historical Market Size, 2014-2016
7.1.4.2.   Market Forecast, 2017-2025
7.1.5.   Italy
7.1.5.1.   Historical Market Size, 2014-2016
7.1.5.2.   Market Forecast, 2017-2025
7.1.6.   Rest of Europe
7.1.6.1.   Historical Market Size, 2014-2016
7.1.6.2.   Market Forecast, 2017-2025
7.1.   ASIA-PACIFIC
7.1.1.   China
7.1.1.1.   Historical Market Size, 2014-2016
7.1.1.2.   Market Forecast, 2017-2025
7.1.2.   India
7.1.2.1.   Historical Market Size, 2014-2016
7.1.2.2.   Market Forecast, 2017-2025
7.1.3.   Japan
7.1.3.1.   Historical Market Size, 2014-2016
7.1.3.2.   Market Forecast, 2017-2025
7.1.4.   Australia
7.1.4.1.   Historical Market Size, 2014-2016
7.1.4.2.   Market Forecast, 2017-2025
7.1.5.   Rest of Asia-Pacific
7.1.5.1.   Historical Market Size, 2014-2016
7.1.5.2.   Market Forecast, 2017-2025
7.1.   LAMEA
7.1.1.   Latin America
7.1.1.1.   Historical Market Size, 2014-2016
7.1.1.2.   Market Forecast, 2017-2025
7.1.2.   Middle East
7.1.2.1.   Historical Market Size, 2014-2016
7.1.2.2.   Market Forecast, 2017-2025
7.1.3.   Africa
7.1.3.1.   Historical Market Size, 2014-2016
7.1.3.2.   Market Forecast, 2017-2025
SECTION 8    COMPANY PROFILES
8.1.   USI AFFINITY
8.1.1.   Overview
8.1.2.   Financials and business segments
8.1.3.   Recent Developments
8.2.   SEVEN CORNERS INC.
8.2.1.   Overview
8.2.2.   Financials and business segments
8.2.3.   Recent Developments
8.3.   GENERALI GROUP
8.3.1.   Overview
8.3.2.   Financials and business segments
8.3.3.   Recent Developments
8.4.   MH ROSS
8.4.1.   Overview
8.4.2.   Financials and business segments
8.4.3.   Recent Developments
8.5.   ALLIANZ GLOBAL ASSISTANCE
8.5.1.   Overview
8.5.2.   Financials and business segments
8.5.3.   Recent Developments
8.6.   TRAVEL SAFE
8.6.1.   Overview
8.6.2.   Financials and business segments
8.6.3.   Recent Developments
8.7.   AXA SA
8.7.1.   Overview
8.7.2.   Financials and business segments
8.7.3.   Recent Developments
8.8.   AIG TRAVEL
8.8.1.   Overview
8.8.2.   Financials and business segments
8.8.3.   Recent Developments
8.9.   INSUREANDGO
8.9.1.   Overview
8.9.2.   Financials and business segments
8.9.3.   Recent Developments
8.10.   TRAVEL INSURED INTERNATIONAL
8.10.1.   Overview
8.10.2.   Financials and business segments
8.10.3.   Recent Developments

TABLE 1. TRAVEL INSURANCE MARKET VALUE FOR INSURANCE COVER, BY REGION, 2017-2025, $MILLION
TABLE 2. TRAVEL INSURANCE MARKET VALUE FOR DISTRIBUTION CHANNELS, BY REGION, 2017-2025, $MILLION
TABLE 3. TRAVEL INSURANCE MARKET VALUE FOR USERS, BY REGION, 2017-2025, $MILLION
TABLE 4. TRAVEL INSURANCE MARKET VALUE FOR BACKPACKERS, BY REGION, 2017-2025, $MILLION
TABLE 5. TRAVEL INSURANCE MARKET VALUE FOR EDUCATION TRAVELER, BY REGION, 2017-2025, $MILLION
TABLE 6. TRAVEL INSURANCE MARKET VALUE FOR SENIOR CITIZENS, BY REGION, 2017-2025, $MILLION
TABLE 7. TRAVEL INSURANCE MARKET VALUE FOR FULLY INDEPENDENT TRAVELER, BY REGION, 2017-2025, $MILLION
TABLE 8. TRAVEL INSURANCE MARKET VALUE FOR BUSINESS TRAVELER, BY REGION, 2017-2025, $MILLION
TABLE 9. TRAVEL INSURANCE MARKET VALUE FOR FAMILY TRAVELERS, BY REGION, 2017-2025, $MILLION
TABLE 10. TRAVEL INSURANCE MARKET VALUE FOR NORTH AMERICA, BY COUNTRY, 2014-2025, $MILLION
TABLE 11. TRAVEL INSURANCE MARKET VALUE FOR NORTH AMERICA, BY INSURANCE COVER, 2014-2025, $MILLION
TABLE 12. TRAVEL INSURANCE MARKET VALUE FOR NORTH AMERICA, BY DISTRIBUTION CHANNELS, 2014-2025, $MILLION
TABLE 13. TRAVEL INSURANCE MARKET VALUE FOR NORTH AMERICA, BY USERS, 2014-2025, $MILLION
TABLE 14. TRAVEL INSURANCE MARKET VALUE FOR EUROPE, BY COUNTRY, 2014-2025, $MILLION
TABLE 15. TRAVEL INSURANCE MARKET VALUE FOR EUROPE, BY INSURANCE COVER, 2014-2025, $MILLION
TABLE 16. TRAVEL INSURANCE MARKET VALUE FOR EUROPE, BY DISTRIBUTION CHANNELS, 2014-2025, $MILLION
TABLE 17. TRAVEL INSURANCE MARKET VALUE FOR EUROPE, BY USERS, 2014-2025, $MILLION
TABLE 18. TRAVEL INSURANCE MARKET VALUE FOR ASIA-PACIFIC, BY COUNTRY, 2014-2025, $MILLION
TABLE 19. TRAVEL INSURANCE MARKET VALUE FOR ASIA-PACIFIC, BY INSURANCE COVER, 2014-2025, $MILLION
TABLE 20. TRAVEL INSURANCE MARKET VALUE FOR ASIA-PACIFIC, BY DISTRIBUTION CHANNELS, 2014-2025, $MILLION
TABLE 21. TRAVEL INSURANCE MARKET VALUE FOR ASIA-PACIFIC, BY USERS, 2014-2025, $MILLION
TABLE 22. TRAVEL INSURANCE MARKET VALUE FOR LAMEA, BY COUNTRY, 2014-2025, $MILLION
TABLE 23. TRAVEL INSURANCE MARKET VALUE FOR LAMEA, BY INSURANCE COVER, 2014-2025, $MILLION
TABLE 24. TRAVEL INSURANCE MARKET VALUE FOR LAMEA, BY DISTRIBUTION CHANNELS, 2014-2025, $MILLION
TABLE 25. TRAVEL INSURANCE MARKET VALUE FOR LAMEA, BY USERS, 2014-2025, $MILLION
TABLE 26. USI AFFINITY - COMPANY SNAPSHOT
TABLE 27. SEVEN CORNERS INC. - COMPANY SNAPSHOT
TABLE 28. GENERALI GROUP - COMPANY SNAPSHOT
TABLE 29. MH ROSS - COMPANY SNAPSHOT
TABLE 30. ALLIANZ GLOBAL ASSISTANCE - COMPANY SNAPSHOT
TABLE 31. TRAVEL SAFE - COMPANY SNAPSHOT
TABLE 32. AXA SA - COMPANY SNAPSHOT
TABLE 33. AIG TRAVEL - COMPANY SNAPSHOT
TABLE 34. INSUREANDGO - COMPANY SNAPSHOT
TABLE 35. TRAVEL INSURED INTERNATIONAL - COMPANY SNAPSHOT

FIGURE 1. TRAVEL INSURANCE: BACKPACKERS MARKET VALUE, 2014-2016, $MILLION
FIGURE 2. TRAVEL INSURANCE: EDUCATION TRAVELER MARKET VALUE, 2014-2016, $MILLION
FIGURE 3. TRAVEL INSURANCE: SENIOR CITIZENS MARKET VALUE, 2014-2016, $MILLION
FIGURE 4. TRAVEL INSURANCE: FULLY INDEPENDENT TRAVELER MARKET VALUE, 2014-2016, $MILLION
FIGURE 5. TRAVEL INSURANCE: BUSINESS TRAVELER MARKET VALUE, 2014-2016, $MILLION
FIGURE 6. TRAVEL INSURANCE: FAMILY TRAVELERS MARKET VALUE, 2014-2016, $MILLION
FIGURE 7.  TRAVEL INSURANCE: NORTH AMERICA MARKET VALUE, 2014-2016, $MILLION
FIGURE 8.  TRAVEL INSURANCE: U.S. MARKET VALUE, 2014-2016, $MILLION
FIGURE 9.  TRAVEL INSURANCE: CANADA MARKET VALUE, 2014-2016, $MILLION
FIGURE 10. TRAVEL INSURANCE: MEXICO MARKET VALUE, 2014-2016, $MILLION
FIGURE 11. TRAVEL INSURANCE: EUROPE MARKET VALUE, 2014-2016, $MILLION
FIGURE 12. TRAVEL INSURANCE: UK MARKET VALUE, 2014-2016, $MILLION
FIGURE 13. TRAVEL INSURANCE: GERMANY MARKET VALUE, 2014-2016, $MILLION
FIGURE 14. TRAVEL INSURANCE: FRANCE MARKET VALUE, 2014-2016, $MILLION
FIGURE 15. TRAVEL INSURANCE: RUSSIA MARKET VALUE, 2014-2016, $MILLION
FIGURE 16.  TRAVEL INSURANCE: ITALY MARKET VALUE, 2014-2016, $MILLION
FIGURE 17.  TRAVEL INSURANCE: REST OF EUROPE MARKET VALUE, 2014-2016, $MILLION
FIGURE 18.  TRAVEL INSURANCE: ASIA-PACIFIC MARKET VALUE, 2014-2016, $MILLION
FIGURE 19.  TRAVEL INSURANCE: CHINA MARKET VALUE, 2014-2016, $MILLION
FIGURE 20.  TRAVEL INSURANCE: INDIA MARKET VALUE, 2014-2016, $MILLION
FIGURE 21.  TRAVEL INSURANCE: JAPAN MARKET VALUE, 2014-2016, $MILLION
FIGURE 22.  TRAVEL INSURANCE: AUSTRALIA MARKET VALUE, 2014-2016, $MILLION
FIGURE 23.  TRAVEL INSURANCE: REST OF ASIA-PACIFIC MARKET VALUE, 2014-2016, $MILLION
FIGURE 24.  TRAVEL INSURANCE: LAMEA MARKET VALUE, 2014-2016, $MILLION
FIGURE 25.  TRAVEL INSURANCE: LATIN AMERICA MARKET VALUE, 2014-2016, $MILLION
FIGURE 26.  TRAVEL INSURANCE: MIDDLE EAST MARKET VALUE, 2014-2016, $MILLION
FIGURE 27.  TRAVEL INSURANCE: AFRICA MARKET VALUE, 2014-2016, $MILLION
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