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DUBLIN, Oct. 12, 2022 (GLOBE NEWSWIRE) — ‘Travel Insurance Global Market Report 2022’ Report Added of ResearchAndMarkets.com Recruitment.
This report provides the key information strategists, marketers and senior managers need to assess the global travel insurance market.
The global travel insurance market is projected to grow from $16.05 billion in 2021 to $18.81 billion in 2022, at a compound annual growth rate (CAGR) of 17.2%. The travel insurance market is expected to grow to $32.61 billion in 2026 at a CAGR of 14.7%.
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- Get a truly global perspective with this most comprehensive report available on the market, covering over 12 geographies.
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- Identify growth segments to invest in.
- Use predictive data and the drivers and trends that are shaping the market to outperform your competitors.
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- Benchmark performance against key competitors.
- Use the relationships between important data sets to develop better strategies.
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Major players in the travel insurance market are Allianz SE, American Express Company, American International Group Inc., Assicurazioni Generali SPA, Atlas Travel Insurance, Aviva plc, Axa SA, Bajaj Finserv Limited, Berkshire Hathaway Specialty Insurance Company, Chubb Limited, Generali Group is. , Insure & Go Insurance Services Limited, MAPFRE, Prudential Financial Inc., Saga Plc, Seven Corners Inc., Crum & Forster, Travelex Insurance Services Inc., USI Affinity Inc., Zurich Insurance, Arch Capital Group Ltd.
The travel insurance market consists of the sale of travel insurance by entities (organizations, sole proprietorships, and partnerships). Travel insurance is a type of insurance that covers various risks while traveling. Covers medical expenses, flight cancellations, lost luggage, and other losses a traveler may incur while traveling. This is mainly due to the fact that covering these risks guarantees an additional layer of protection against financial losses.
The main types of travel insurance are domestic and international. International travel insurance is intended for people traveling abroad. Various types of travel insurance include single trip insurance, annual multiple trip travel insurance, and long stay travel insurance, and are used by various end users such as seniors, corporate travelers, family travelers, and educational travelers. . other end users.
Travel insurance coverage includes medical expenses, trip cancellations, trip delays, property damage, etc., and is covered by various channels including insurance intermediaries, insurance companies, banks, insurance brokers, and other distribution channels. Distributed.
Asia-Pacific was the largest region for the travel insurance market in 2021. Regions covered in the Travel Insurance Market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Travel Insurance Market Research Report provides a series of travel insurance market statistics, including global market size of the travel insurance industry, share by region, competitors with travel insurance market share, detailed travel insurance market segments, market trends and opportunities. One of the new reports. , and other data you need to be successful in the travel insurance industry. This Travel Insurance Market research report offers a complete outlook of everything you need with an in-depth analysis of the current and future scenarios of the industry.
Increasing number of tourists contributes to the growth of the travel insurance market. Travel insurance helps the tourism sector by providing financial assistance through specific packages that assist travelers in the event of medical emergencies, lost passports, flight cancellations, misplaced or lost luggage. . For example, according to the United Nations World Tourism Organization (UNWTO), a specialized agency based in Spain, 2019 recorded 1.5 billion international tourist arrivals worldwide, a 4% increase compared to the previous year. Did. Therefore, increasing tourism is driving the growth of the travel insurance market.
Incorporation of advanced technology has emerged as a key trend gaining popularity in travel insurance platforms. Leading companies operating in the travel insurance sector are focusing on new technologies to strengthen their market position.
The countries covered by the travel insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom and United States.
Main topics:
1.executive summary
2. Characteristics of the travel insurance market
3. TRAVEL INSURANCE MARKET TRENDS AND STRATEGIES
4. Impact of COVID-19 on travel insurance
5. Travel insurance market size and growth
5.1. Historical market for global travel insurance, 2016-2021, $ billion
5.1.1. Market drivers
5.1.2. Market binding
5.2. Global Travel Insurance Forecast Market, 2021-2026F, 2031F, USD Billion
5.2.1. Market drivers
5.2.2. Market binding
6. Travel Insurance Market Segmentation
6.1. Global Travel Insurance Market, Segmentation by Type, Historical and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
6.2. Global Travel Insurance Market, Segmentation by Insurance Coverage, History and Forecast, 2016-2021, 2021-2026F, 2031F, Billion Dollars
- One way travel insurance
- Annual multi-trip travel insurance
- long term travel insurance
6.3. Global Travel Insurance Market, Segmentation by Coverage, History and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Medical bills
- trip cancellation
- trip delay
- property damage
- Other Coverage
6.4. Global Travel Insurance Market, Segmentation by End-Users, History and Forecast, 2016-2021, 2021-2026F, 2031F, Billion Dollars
- senior citizen
- corporate traveler
- family traveler
- educational traveler
- Other end users
6.5. Global Travel Insurance Market, Segmentation by Sales Channels, History and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- insurance broker
- Insurance company
- Bank
- insurance broker
- Other distribution channels
7. Travel Insurance Market Regional and Country Analysis
7.1. Global Travel Insurance Market, By Region, Historical and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Travel Insurance Market, By Country, Historical and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
For more information on this report, please visit https://www.researchandmarkets.com/r/656rir.
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