Global Travel Insurance

Travel Insurance Comprehensive Study by Application (Domestic Tourism, Oversea Tourism), Distribution Channel (Insurance Intermediaries, Insurance Company, Bank, Insurance Broker, Insurance Aggregator, Others), Insurance Cover (Single Trip Travel Insurance, Annual Multi-Trip Travel Insurance, Long-Stay Travel Insurance, Others), End User (Education Traveler, Business Traveler, Family Traveler, Fully Independent Traveler, Others) Players and Region - Global Market Outlook to 2026

Travel Insurance Market by XX Submarkets | Forecast Years 2022-2027 | CAGR: 8.26%  

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  • Summary
  • Market Segments
  • Table of Content
  • List of Table & Figures
  • Players Profiled
Travel Insurance Market Scope
Travel insurance refers to the risk associated while traveling such as injury or death, loss of luggage, delays, and others. It provides numerous benefits such as trip cancellation, loss of luggage & travel documents, and others. Growing tourism is the key factor driving the travel insurance market in addition to increasing government initiative, for instance, to visit some countries such as Luxembourg, the United States, Belgium, France, and others it is mandatory to have travel insurance to obtain VISA.

According to AMA, the Global Travel Insurance market is expected to see growth rate of 8.26%

The travel insurance market is fragmented owing to the number of players present in the market. Market leaders are focusing on providing better customer service and technological development for a better user interface. Increasing government initiatives towards improving regulation in tourism for the safety of travelers expected to increase the sale of travel insurance over the forecasted period. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Travel Insurance market throughout the predicted period.

CSA Travel Protection (United States), USI Affinity (United States), Tata AIG Insurance (India), Seven Corners Inc. (United States), Travel Safe (United States), MH Ross Travel Insurance Services Inc. (United States), Allianz Global Assistance (France), Bharti AXA General Insurance (India), AXA (France), Reliance General Insurance (India), InsureandGo (United Kingdom), Berkshire Hathaway Specialty Insurance (United States), Travelex Group (United Kingdom), ICICI Lombard General Insurance (India) and Tokio Marine HCC (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are PT Astra Aviva Life (United Kingdom), FWD Insurance (Hong Kong) and American Express Company (United Kingdom).

About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.

Segmentation Overview
The study have segmented the market of Global Travel Insurance market , by Application (Domestic Tourism and Oversea Tourism) and Region with country level break-up.

On the basis of geography, the market of Travel Insurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

5th February 2019, AXA French Insurance Company revealed a new program AXA Go in China to provide travel insurance via WeChat a Chinese messaging application. and 25th January 2019, FWD insurance launches a new 24/7 travel insurance chatbot for providing assistance for the entire process of calming travel insurance.


Market Trend
  • Increasing Distribution Channels Such As Banks, Insurance Brokers, Aggregator and Others
  • Emphasizing on Online Platform to Sale Travel Insurance

Market Drivers
  • Increasing Unusual Events Such As Natural Disasters and Terrorist Attacks
  • Rising Awareness among Millennials to Secure Their Travel

Opportunities
  • Technological Developments in the Travel Insurance Industry
  • Government Initiatives to Improve Travel Rule and Regulation

Restraints
  • Lack of Transparency Associated With Insurance Policies
  • Issues Related To Claim Travel Insurance

Challenges
  • Lack of Awareness in Middle Income Group People


Key Target Audience
Travel Insurance Provider, Travel Insurance Agencies, Business Entities, Government Regulatory and Research Organizations, Investment Research Firms / Associations, Government Organizations and Others

Report Objectives / Segmentation Covered

By Application
  • Domestic Tourism
  • Oversea Tourism
By Distribution Channel
  • Insurance Intermediaries
  • Insurance Company
  • Bank
  • Insurance Broker
  • Insurance Aggregator
  • Others

By Insurance Cover
  • Single Trip Travel Insurance
  • Annual Multi-Trip Travel Insurance
  • Long-Stay Travel Insurance
  • Others

By End User
  • Education Traveler
  • Business Traveler
  • Family Traveler
  • Fully Independent Traveler
  • Others

By Regions
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Australia
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • France
    • Italy
    • United Kingdom
    • Netherlands
    • Rest of Europe
  • MEA
    • Middle East
    • Africa
  • North America
    • United States
    • Canada
    • Mexico
  • 1. Market Overview
    • 1.1. Introduction
    • 1.2. Scope/Objective of the Study
      • 1.2.1. Research Objective
  • 2. Executive Summary
    • 2.1. Introduction
  • 3. Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Increasing Unusual Events Such As Natural Disasters and Terrorist Attacks
      • 3.2.2. Rising Awareness among Millennials to Secure Their Travel
    • 3.3. Market Challenges
      • 3.3.1. Lack of Awareness in Middle Income Group People
    • 3.4. Market Trends
      • 3.4.1. Increasing Distribution Channels Such As Banks, Insurance Brokers, Aggregator and Others
      • 3.4.2. Emphasizing on Online Platform to Sale Travel Insurance
  • 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
  • 5. Global Travel Insurance, by Application, Distribution Channel, Insurance Cover, End User and Region (value and price ) (2015-2020)
    • 5.1. Introduction
    • 5.2. Global Travel Insurance (Price)
  • 6. Travel Insurance: Manufacturers/Players Analysis
    • 6.1. Company Profile
      • 6.1.1. CSA Travel Protection (United States)
        • 6.1.1.1. Business Overview
        • 6.1.1.2. Products/Services Offerings
        • 6.1.1.3. Financial Analysis
        • 6.1.1.4. SWOT Analysis
      • 6.1.2. USI Affinity (United States)
        • 6.1.2.1. Business Overview
        • 6.1.2.2. Products/Services Offerings
        • 6.1.2.3. Financial Analysis
        • 6.1.2.4. SWOT Analysis
      • 6.1.3. Tata AIG Insurance (India)
        • 6.1.3.1. Business Overview
        • 6.1.3.2. Products/Services Offerings
        • 6.1.3.3. Financial Analysis
        • 6.1.3.4. SWOT Analysis
      • 6.1.4. Seven Corners Inc. (United States)
        • 6.1.4.1. Business Overview
        • 6.1.4.2. Products/Services Offerings
        • 6.1.4.3. Financial Analysis
        • 6.1.4.4. SWOT Analysis
      • 6.1.5. Travel Safe (United States)
        • 6.1.5.1. Business Overview
        • 6.1.5.2. Products/Services Offerings
        • 6.1.5.3. Financial Analysis
        • 6.1.5.4. SWOT Analysis
      • 6.1.6. MH Ross Travel Insurance Services Inc. (United States)
        • 6.1.6.1. Business Overview
        • 6.1.6.2. Products/Services Offerings
        • 6.1.6.3. Financial Analysis
        • 6.1.6.4. SWOT Analysis
      • 6.1.7. Allianz Global Assistance (France)
        • 6.1.7.1. Business Overview
        • 6.1.7.2. Products/Services Offerings
        • 6.1.7.3. Financial Analysis
        • 6.1.7.4. SWOT Analysis
      • 6.1.8. Bharti AXA General Insurance (India)
        • 6.1.8.1. Business Overview
        • 6.1.8.2. Products/Services Offerings
        • 6.1.8.3. Financial Analysis
        • 6.1.8.4. SWOT Analysis
      • 6.1.9. AXA (France)
        • 6.1.9.1. Business Overview
        • 6.1.9.2. Products/Services Offerings
        • 6.1.9.3. Financial Analysis
        • 6.1.9.4. SWOT Analysis
      • 6.1.10. Reliance General Insurance (India)
        • 6.1.10.1. Business Overview
        • 6.1.10.2. Products/Services Offerings
        • 6.1.10.3. Financial Analysis
        • 6.1.10.4. SWOT Analysis
      • 6.1.11. InsureandGo (United Kingdom)
        • 6.1.11.1. Business Overview
        • 6.1.11.2. Products/Services Offerings
        • 6.1.11.3. Financial Analysis
        • 6.1.11.4. SWOT Analysis
      • 6.1.12. Berkshire Hathaway Specialty Insurance (United States)
        • 6.1.12.1. Business Overview
        • 6.1.12.2. Products/Services Offerings
        • 6.1.12.3. Financial Analysis
        • 6.1.12.4. SWOT Analysis
      • 6.1.13. Travelex Group (United Kingdom)
        • 6.1.13.1. Business Overview
        • 6.1.13.2. Products/Services Offerings
        • 6.1.13.3. Financial Analysis
        • 6.1.13.4. SWOT Analysis
      • 6.1.14. ICICI Lombard General Insurance (India)
        • 6.1.14.1. Business Overview
        • 6.1.14.2. Products/Services Offerings
        • 6.1.14.3. Financial Analysis
        • 6.1.14.4. SWOT Analysis
      • 6.1.15. Tokio Marine HCC (United States)
        • 6.1.15.1. Business Overview
        • 6.1.15.2. Products/Services Offerings
        • 6.1.15.3. Financial Analysis
        • 6.1.15.4. SWOT Analysis
  • 7. Global Travel Insurance Sale, by Application, Distribution Channel, Insurance Cover, End User and Region (value and price ) (2021-2026)
    • 7.1. Introduction
    • 7.2. Global Travel Insurance (Price)
  • 8. Appendix
    • 8.1. Acronyms
  • 9. Methodology and Data Source
    • 9.1. Methodology/Research Approach
      • 9.1.1. Research Programs/Design
      • 9.1.2. Market Size Estimation
      • 9.1.3. Market Breakdown and Data Triangulation
    • 9.2. Data Source
      • 9.2.1. Secondary Sources
      • 9.2.2. Primary Sources
    • 9.3. Disclaimer
List of Tables
  • Table 1. Company Basic Information, Sales Area and Its Competitors
  • Table 2. Company Basic Information, Sales Area and Its Competitors
  • Table 3. Company Basic Information, Sales Area and Its Competitors
  • Table 4. Company Basic Information, Sales Area and Its Competitors
  • Table 5. Company Basic Information, Sales Area and Its Competitors
  • Table 6. Company Basic Information, Sales Area and Its Competitors
  • Table 7. Company Basic Information, Sales Area and Its Competitors
  • Table 8. Company Basic Information, Sales Area and Its Competitors
  • Table 9. Company Basic Information, Sales Area and Its Competitors
  • Table 10. Company Basic Information, Sales Area and Its Competitors
  • Table 11. Company Basic Information, Sales Area and Its Competitors
  • Table 12. Company Basic Information, Sales Area and Its Competitors
  • Table 13. Company Basic Information, Sales Area and Its Competitors
  • Table 14. Company Basic Information, Sales Area and Its Competitors
  • Table 15. Company Basic Information, Sales Area and Its Competitors
  • Table 16. Research Programs/Design for This Report
  • Table 17. Key Data Information from Secondary Sources
  • Table 18. Key Data Information from Primary Sources
List of Figures
  • Figure 1. Porters Five Forces
  • Figure 2. Supply/Value Chain
  • Figure 3. PESTEL analysis
  • Figure 4. CSA Travel Protection (United States) Revenue, Net Income and Gross profit
  • Figure 5. CSA Travel Protection (United States) Revenue: by Geography 2020
  • Figure 6. USI Affinity (United States) Revenue, Net Income and Gross profit
  • Figure 7. USI Affinity (United States) Revenue: by Geography 2020
  • Figure 8. Tata AIG Insurance (India) Revenue, Net Income and Gross profit
  • Figure 9. Tata AIG Insurance (India) Revenue: by Geography 2020
  • Figure 10. Seven Corners Inc. (United States) Revenue, Net Income and Gross profit
  • Figure 11. Seven Corners Inc. (United States) Revenue: by Geography 2020
  • Figure 12. Travel Safe (United States) Revenue, Net Income and Gross profit
  • Figure 13. Travel Safe (United States) Revenue: by Geography 2020
  • Figure 14. MH Ross Travel Insurance Services Inc. (United States) Revenue, Net Income and Gross profit
  • Figure 15. MH Ross Travel Insurance Services Inc. (United States) Revenue: by Geography 2020
  • Figure 16. Allianz Global Assistance (France) Revenue, Net Income and Gross profit
  • Figure 17. Allianz Global Assistance (France) Revenue: by Geography 2020
  • Figure 18. Bharti AXA General Insurance (India) Revenue, Net Income and Gross profit
  • Figure 19. Bharti AXA General Insurance (India) Revenue: by Geography 2020
  • Figure 20. AXA (France) Revenue, Net Income and Gross profit
  • Figure 21. AXA (France) Revenue: by Geography 2020
  • Figure 22. Reliance General Insurance (India) Revenue, Net Income and Gross profit
  • Figure 23. Reliance General Insurance (India) Revenue: by Geography 2020
  • Figure 24. InsureandGo (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 25. InsureandGo (United Kingdom) Revenue: by Geography 2020
  • Figure 26. Berkshire Hathaway Specialty Insurance (United States) Revenue, Net Income and Gross profit
  • Figure 27. Berkshire Hathaway Specialty Insurance (United States) Revenue: by Geography 2020
  • Figure 28. Travelex Group (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 29. Travelex Group (United Kingdom) Revenue: by Geography 2020
  • Figure 30. ICICI Lombard General Insurance (India) Revenue, Net Income and Gross profit
  • Figure 31. ICICI Lombard General Insurance (India) Revenue: by Geography 2020
  • Figure 32. Tokio Marine HCC (United States) Revenue, Net Income and Gross profit
  • Figure 33. Tokio Marine HCC (United States) Revenue: by Geography 2020
List of companies from research coverage that are profiled in the study
  • CSA Travel Protection (United States)
  • USI Affinity (United States)
  • Tata AIG Insurance (India)
  • Seven Corners Inc. (United States)
  • Travel Safe (United States)
  • MH Ross Travel Insurance Services Inc. (United States)
  • Allianz Global Assistance (France)
  • Bharti AXA General Insurance (India)
  • AXA (France)
  • Reliance General Insurance (India)
  • InsureandGo (United Kingdom)
  • Berkshire Hathaway Specialty Insurance (United States)
  • Travelex Group (United Kingdom)
  • ICICI Lombard General Insurance (India)
  • Tokio Marine HCC (United States)
Additional players considered in the study are as follows:
PT Astra Aviva Life (United Kingdom) , FWD Insurance (Hong Kong) , American Express Company (United Kingdom)
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Key Highlights of Report


Feb 2022 216 Pages 65 Tables Base Year: 2021 Coverage: 15+ Companies; 18 Countries

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Frequently Asked Questions (FAQ):

The Travel Insurance study can be customized to meet your requirements. The market size breakdown by type [], by end use application [Domestic Tourism and Oversea Tourism].
The Travel Insurance Market is gaining popularity and expected to see strong valuation by 2026.
According to AMA, the Global Travel Insurance market is expected to see growth rate of 8.26%.

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