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Global Travel Insurance Market 2023 by Company, Regions, Type and Application, Forecast to 2029

Travel insurance is a product focused on protecting policyholders against specified losses, accidents or other adverse events, which may occur before or during travel. Examples include trip cancellation/interruption, overseas medical expenses for injury or illness, theft of valuables, and baggage delay or damage. Many travel insurance policies also include the provision of emergency medical assistance services, such as call center operating 24 hours, seven days a week, and an international network of specialist health care providers. There are standard general exclusions and invalidations on most types of travel insurance policies (for example, self?in?icted injury, acts of terrorism, non?approved pre?existing medical conditions, モdangerousヤ or extreme activities, and policyholders being under the in?uence of alcohol or drugs). Travel insurance is generally available in two forms: (i) as a single-trip insurance policy, which provides cover for a specific trip and is matched to the exact characteristic of the trip (e.g. number of travelling days and destination) and (ii) as an annual insurance policy, which covers multiple trips in a year. Travel insurance can be purchased from travel agents, travel suppliers (airlines, hotels, cruise lines, tour operators) a private insurance firm, insurance brokers, or online. The GWP in this report all refer to the Gross written premium from Travel Insurance. The characteristics of fine travel insurance unit of measurement as follow: According to our (Global Info Research) latest study, the global Travel Insurance market size was valued at USD 21430 million in 2022 and is forecast to a readjusted size of USD 32700 million by 2029 with a CAGR of 6.2% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. The main global Travel Insurance players include Allianz, Munich Re Group, AIG, etc. The top three Travel Insurance players account for approximately 30% of the total global market. Asia-Pacific is the largest consumer market for Travel Insurance, accounting for about 26%, followed by Europe and North America. In terms of product, Trip Cancellation is the largest segment, with a share about 45%. And in terms of application, the largest application is Family Traveler, followed by Business Traveler. This report is a detailed and comprehensive analysis for global Travel Insurance market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided. Key Features: Global Travel Insurance market size and forecasts, in consumption value ($ Million), 2018-2029 Global Travel Insurance market size and forecasts by region and country, in consumption value ($ Million), 2018-2029 Global Travel Insurance market size and forecasts, by Type and by Application, in consumption value ($ Million), 2018-2029 Global Travel Insurance market shares of main players, in revenue ($ Million), 2018-2023 The Primary Objectives in This Report Are: To determine the size of the total market opportunity of global and key countries To assess the growth potential for Travel Insurance To forecast future growth in each product and end-use market To assess competitive factors affecting the marketplace This report profiles key players in the global Travel Insurance market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Allianz, Munich Re Group, AIG, Assicurazioni Generali and Prudential, etc. This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence. Market segmentation Travel Insurance market is split by Type and by Application. For the period 2018-2029, the growth among segments provide accurate calculations and forecasts for consumption value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets. Market segment by Type Trip Cancellation Trip Delay Medical Expense Property Damage Other Market segment by Application Family Traveler Senior Citizens Business Traveler Other Market segment by players, this report covers Allianz Munich Re Group AIG Assicurazioni Generali Prudential ACE&Chubb Manulife UnitedHealthcare Global Mapfre AXA Tokio Marine Holdings China Pacific insurance Hanse Merkur Ping An Insurance (Group) Company of China People's insurance company of China China Life Sompo Japan Nipponkoa Market segment by regions, regional analysis covers North America (United States, Canada, and Mexico) Europe (Germany, France, UK, Russia, Italy, and Rest of Europe) Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific) South America (Brazil, Argentina and Rest of South America) Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa) The content of the study subjects, includes a total of 13 chapters: Chapter 1, to describe Travel Insurance product scope, market overview, market estimation caveats and base year. Chapter 2, to profile the top players of Travel Insurance, with revenue, gross margin and global market share of Travel Insurance from 2018 to 2023. Chapter 3, the Travel Insurance competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast. Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029. Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and Travel Insurance market forecast, by regions, type and application, with consumption value, from 2024 to 2029. Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War Chapter 12, the key raw materials and key suppliers, and industry chain of Travel Insurance. Chapter 13, to describe Travel Insurance research findings and conclusion.
1 Market Overview 1.1 Product Overview and Scope of Travel Insurance 1.2 Market Estimation Caveats and Base Year 1.3 Classification of Travel Insurance by Type 1.3.1 Overview: Global Travel Insurance Market Size by Type: 2018 Versus 2022 Versus 2029 1.3.2 Global Travel Insurance Consumption Value Market Share by Type in 2022 1.3.3 Trip Cancellation 1.3.4
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About this Report
Report ID 25785
Category
  • Software and Services
Published on 01-Jan
Number of Pages 113
Publisher Name Global Info Research
Editor Rating
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