Introduction
Travel Insurance Market was valued at USD X.X Billion in 2018 and is projected to reach USD X.X billion by 2025, at a CAGR of X.X % from 2019-2025. A series of unusual events of natural disasters and terrorist attacks in 2015, such as Ebola epidemic, Nepal earthquake, and the Paris attack has increased the usage of travel insurance policies. Moreover, factors, such as growth in tourism, the rise in globalization, and trade practices have made travel insurance industry more attractive. Travel insurance provides an extensive range of benefits for events, such as trip cancellation due to a medical emergency, loss of baggage, evacuation due to a medical condition or hijack, and loss of travel documents.
Geographical Overview
At a global level, North America region was holding the highest market share in 2018. Whereas, Asia Pacific region is considered as the fastest growing region with key players adopting expansion strategy in this region to gain maximum market share in the coming years. China and India are offering ample opportunities for the growth of Travel Insurance Market with its high population base. The market has further been analyzed across geographical regions namely North America (U.S., Canada, and Mexico), Europe (U.K., Germany, France, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Segmental Overview
Travel Insurance Market is segmented as per below specifications -
By Product Type:
• Single Trip Travel Insurance
• Annual Multi-Trip Travel Insurance
• Long-Stay Travel Insurance
By Consumption:
• Senior Citizens (Above age of 60 years)
• Education Traveler
• Backpackers
By Distribution Channel:
• Insurance Intermediaries
• Insurance Company
• Bank
• Insurance Broker
Competitor Analysis
Travel Insurance Market has presence of some of the key major players across globe which includes
• CSA Travel Protection
• USI Affinity
• Seven Corners Inc.
• Travel Safe
• MH Ross
• Allianz Global Assistance
• Travel Insured International
• AXA SA
• AIG Travel
• InsureandGo.
These key players are concentrating its efforts on the continuous product improvement with innovative initiatives to have an edge over other competitors. Further, to garner maximum market share, companies are adopting merger/ acquisition/ partnership and maintaining strong distribution networks strategies.
By Geographical Locations:
• North America
o U.S.
o Canada
• Europe
o U.K.
o France
o Italy
o Germany
o Spain
o Russia & CIS
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o South Korea
o ASEAN
o Rest of Asia Pacific
• Latin America
o Brazil
o Argentina
o Rest of LATAM
• Middle East & Africa
o UAE
o South Africa
o Rest of MEA
Highlights of the report
What is Travel Insurance Market?
Who all are key market players in the industry?
How the Parent Industry is growing?
Where are the key opportunities for new market entrant?
A comprehensive analysis, which covers key growth factors across the value chain
Recent developments in market
Granular Market Segmentation
Market size projection based on Historical & current market trends
Market share analysis and key strategies adopted by leading Players
Production Cost & Sensitivity Analysis
Country Level Market Analysis of Top 16 countries
Data Driven Decision Recommendations
Chapter 1 Research Objective
1.1 Need of the Research Report
1.2 Client Objectives
1.3 Offered Solutions
Chapter 2 Recommendations
2.1 Executive Summary
2.1.1 Market Overview
2.1.2 Competitive Insights
2.1.3 Segmental Analysis
2.1.4 Geographical Market Details
2.2 Lead Generation
2.3 Consultant
2.4 Return on Investment
Chapter 3 Research Methodology
3.1 Chromatus Database
3.2 Paid Sources
3.3 Primary Data Collection
3.3.1 Email Surveys
3.3.2 Telephonic Interviews
3.3.3 Face to Face Interviews
3.4 Secondary Data Collection
3.4.1 Annual Reports
3.4.2 Government Publications
3.4.3 Trade Data
3.4.4 Association Data
3.4.5 Research Papers/ Blogs/ News Articles
3.5 Expert Advisory Panel
3.6 Data Analytics Model
Chapter 4 Travel Insurance Market Overview
4.1 Parent Market Overview
4.2 Patent Analysis
4.3 PESTEL Analysis
4.3.1 Political
4.3.2 Economical
4.3.3 Social
4.3.4 Technological
4.3.5 Legal
4.4 SWOT Analysis
4.4.1 Strengths
4.4.2 Weakness
4.4.3 Opportunities
4.4.4 Threats
4.5 Regulations
4.6 Value Chain/ Supply Chain Analysis
4.7 Procurement & Vendor Analysis
4.8 Porters Five Analysis
4.8.1 Threat of new entrants
4.8.2 Bargaining power of suppliers
4.8.3 Bargaining power of buyers
4.8.4 Threat of substitutes
4.8.5 Competitive rivalry
Chapter 5 Regional Analysis Global Travel Insurance Market Estimation and Forecast, 2017 - 2025 (USD Billion)
5.1 North America Market
5.1.1 U.S.
5.1.1 Canada
5.2 Europe Market
5.2.1 UK
5.2.2 Germany
5.2.3 France
5.2.4 Spain
5.2.5 Italy
5.2.6 Russia & CIS
5.2.7 Rest of Europe
5.3 Asia Pacific Market
5.3.1 China
5.3.2 Japan
5.3.3 India
5.3.4 South Korea
5.3.5 ASEAN
5.3.6 Rest of Asia Pacific
5.4 Rest of the World
5.4.1 Latin America
5.4.1.1 Brazil
5.4.1.2 Argentina
5.4.1.3 Rest of Latin America
5.4.2 Middle East
5.4.3 Africa
Chapter 6 Company Profile
6.1 CSA Travel Protection
6.1.1 Introduction
6.1.2 Financial Overview
6.1.3 Product Portfolio
6.1.4 Recent Developments
6.1.5 SWOT Analysis
6.2 USI Affinity
6.3 Seven Corners Inc.
6.4 Travel Safe
6.5 MH Ross
6.6 Allianz Global Assistance
6.7 Travel Insured International
6.8 AXA SA
6.9 AIG Travel
6.10 InsureandGo.
Chapter 7 Competitor Analysis
7.1 Company Ranking
7.2 Key Innovators
7.3 Market Leader
7.4 Emerging Players
7.5 Strategic Alliances
7.6 Competitive Matrix of 12 Companies
Chapter 8 Global Travel Insurance Market by Product Type Estimation and Forecast, 2017 - 2025 (USD Billion)
8.1 Single Trip Travel Insurance
8.2 Annual Multi-Trip Travel Insurance
8.3 Long-Stay Travel Insurance
Chapter 9 Global Travel Insurance Market by Consumption Type Estimation and Forecast, 2017 - 2025 (USD Billion)
9.1 Senior Citizens (Above age of 60 years)
9.2 Education Traveler
9.3 Backpackers
Chapter 10 Global Travel Insurance Market by Distribution Channel Estimation and Forecast, 2017 - 2025 (USD Billion)
10. 1Insurance Intermediaries
10.2 Insurance Company
10.3 Bank
10. 4Insurance Broker
Chapter 11 Appendix
11.1 Data Sources
11.2 Abbreviations
11.3 About US
11.4 Disclaimer
11.5 Key Notes
List of Tables
Table 1 Global Travel Insurance Market, by Region, 2017 - 2025 (USD Billion)
Table 2 Global Travel Insurance Market, by Product Type, 2017 - 2025 (USD Billion)
Table 3 Global Travel Insurance Market, by Consumption Type, 2017 - 2025 (USD Billion)
Table 4 Global Travel Insurance Market, by Distribution Type, 2017 - 2025 (USD Billion)
Table 5 North America Travel Insurance Market 2017 - 2025 (USD Billion)
Table 6 North America Travel Insurance Market by Product Type 2017 - 2025 (USD Billion)
Table 7 North America Travel Insurance Market by Consumption Type 2017 - 2025 (USD Billion)
Table 8 North America Travel Insurance Market by Distribution Type 2017 - 2025 (USD Billion)
Table 9 US Travel Insurance Market 2017 - 2025 (USD Billion)
Table 10 Canada Travel Insurance Market 2017 - 2025 (USD Billion)
Table 11 Europe Travel Insurance Market 2017 - 2025 (USD Billion)
Table 12 Europe Travel Insurance Market by Product Type 2017 - 2025 (USD Billion)
Table 13 Europe Travel Insurance Market by Consumption Type 2017 - 2025 (USD Billion)
Table 14 Europe Travel Insurance Market by Distribution Type 2017 - 2025 (USD Billion)
Table 15 UK Travel Insurance Market 2017 - 2025 (USD Billion)
Table 16 Germany Travel Insurance Market 2017 - 2025 (USD Billion)
Table 17 France Travel Insurance Market 2017 - 2025 (USD Billion)
Table 18 Spain Travel Insurance Market 2017 - 2025 (USD Billion)
Table 19 Italy Travel Insurance Market 2017 - 2025 (USD Billion)
Table 20 Russia & CIS Travel Insurance Market 2017 - 2025 (USD Billion)
Table 21 Rest of Europe Travel Insurance Market 2017 - 2025 (USD Billion)
Table 22 Asia Pacific Travel Insurance Market 2017 - 2025 (USD Billion)
Table 23 Asia Pacific Travel Insurance Market by Product Type 2017 - 2025 (USD Billion)
Table 24 Asia Pacific Travel Insurance Market by Consumption Type 2017 - 2025 (USD Billion)
Table 25 Asia Pacific Travel Insurance Market by Distribution Type 2017 - 2025 (USD Billion)
Table 26 China Travel Insurance Market 2017 - 2025 (USD Billion)
Table 27 Japan Travel Insurance Market 2017 - 2025 (USD Billion)
Table 28 India Travel Insurance Market 2017 - 2025 (USD Billion)
Table 29 South Korea Travel Insurance Market 2017 - 2025 (USD Billion)
Table 30 ASEAN Travel Insurance Market 2017 - 2025 (USD Billion)
Table 31 Rest of Asia Pacific Travel Insurance Market 2017 - 2025 (USD Billion)
Table 32 Latin America Travel Insurance Market 2017 - 2025 (USD Billion)
Table 33 Latin America Travel Insurance Market by Product Type 2017 - 2025 (USD Billion)
Table 34 Latin America Travel Insurance Market by Consumption Type 2017 - 2025 (USD Billion)
Table 35 Latin America Travel Insurance Market by Distribution Type 2017 - 2025 (USD Billion)
Table 36 Brazil Travel Insurance Market 2017 - 2025 (USD Billion)
Table 37 Argentina Travel Insurance Market 2017 - 2025 (USD Billion)
Table 38 Rest of Latin America Travel Insurance Market 2017 - 2025 (USD Billion)
Table 39 Middle East Travel Insurance Market 2017 - 2025 (USD Billion)
Table 40 Middle East Travel Insurance Market by Product Type 2017 - 2025 (USD Billion)
Table 41 Middle East Travel Insurance Market by Consumption Type 2017 - 2025 (USD Billion)
Table 42 Middle East Travel Insurance Market by Distribution Type 2017 - 2025 (USD Billion)
Table 43 Africa Travel Insurance Market 2017 - 2025 (USD Billion)
Table 44 Africa Travel Insurance Market by Product Type 2017 - 2025 (USD Billion)
Table 45 Africa Travel Insurance Market by Consumption Type 2017 - 2025 (USD Billion)
Table 46 Africa Travel Insurance Market by Distribution Type 2017 - 2025 (USD Billion)
List of Figures
Fig. 1 Primary Research Method
Fig. 2 Secondary Research Method
Fig. 3 Value chain analysis
Fig. 4 PESTEL Analysis
Fig. 5 SWOT Analysis
Fig. 6 Porters Five forces analysis
Fig. 7 Travel Insurance Market: Penetration & growth prospect mapping
Fig. 8 Travel Insurance Market: Competitive snapshot
Fig. 9 Travel Insurance Market: Segmental snapshot
Fig. 10 Market Overview
Fig. 11 Travel Insurance Market: Product Analysis, 2017 - 2025
Fig. 12 Travel Insurance Market: Regional Analysis, 2017 - 2025
Fig. 13 Travel Insurance Market: Competitive Matrix
Fig. 14 Travel Insurance Market: Revenue Mix