Global Travel Insurance Market Size By Insurance Cover, By Distribution Channel, By End User, By Geographic Scope And Forecast

Oct 2022| VMR5845A| Verified Market Research

Report Highlights

Travel Insurance Market Insights

Travel Insurance Market was valued at USD 18.24 Billion in 2019 and is projected to reach USD 60.73 Billion by 2027, registering a CAGR of 16.25% from 2020 to 2027.

The Travel Insurance Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Travel Insurance Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.

Global Travel Insurance Market Overview

The significant rise in the travel and tourism industry in recent years, owing to increasing disposable incomes, rising business trips, and the simple availability of online travel bookings and discounted package holidays, is one of the major factors driving global Travel Insurance Market growth. This report provides an all-inclusive environment for the analysis of the Travel Insurance Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews, and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political, and economic factors along with the current market dynamics affecting the Travel Insurance Market growth.

Along with the market overview, which comprises the market dynamics the chapter includes Porter’s Five Forces analysis which explains the five forces: namely buyers’ bargaining power, suppliers’ bargaining power, the threat of new entrants, the threat of substitutes, and degree of competition in the Travel Insurance Market. It explains the various participants, such as system integrators, intermediaries, and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Travel Insurance Market.

 

 

Report Synopsis

Report Metrics Details
Base year considered 2019
Forecast period considered 2020-2027
Base year market size 18.24 $ Billion
Market size forecast 60.73 $ Billion
Growth rate 16.25%
Units considered $ Billion
Segments covered Insurance Cover, Distribution Channel, End User, and Geography.
Industry covered Banking Financial Services & Insurance
Companies studied
  • Zurich Insurance Co. Limited
  • Allianz Group,
  • American International Group Inc.,
  • Assicurazioni Generali S.P.A,
  • AXA,
  • Insure &; Go Insurance Services Limited,
  • Seven Corners Inc.,
  • Travel Insured International,
  • TravelSafe Insurance,
  • USI Insurance Services,

Global Travel Insurance Market Segmentation Analysis

The Global Travel Insurance Market is Segmented on the basis of Insurance Cover, Distribution Channel, End User, and Geography.

Key Players InTravel Insurance Market

The Global Travel Insurance Market study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Allianz Group, American International Group Inc., Assicurazioni Generali S.P.A, AXA, Insure & Go Insurance Services Limited, Seven Corners Inc., Travel Insured International, TravelSafe Insurance, USI Insurance Services, and Zurich Insurance Co. Limited

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