Travel Insurance Market by End-user and Geography: Global Opportunity Analysis and Industry Forecast, 2021-2025
Track Pricing, Supply, Demand, Trade, and Distribution Scenario along with Key Customers. View at Special Pricing
The Travel Insurance Market value is set to grow by
- Senior citizens - size and forecast 2020-2025
- Business travel - size and forecast 2020-2025
- Family travel - size and forecast 2020-2025
- Others - size and forecast 2020-2025
The travel insurance market share growth by the senior citizens will be significant during the forecast period. Travel insurance plans for senior citizens are meant for elderly travelers. These plans cover various health and age-related aspects of senior citizens that are excluded from basic travel insurance benefits. Travel insurance for senior citizens can safeguard trips by covering overseas medical expenses, theft of belongings, and more, depending on the coverage which will drive the demand for this segment during the forecast period.
Travel Insurance Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9% |
Market growth 2021-2025 |
|
Market structure |
Fragmented |
YoY growth (%) |
7.56 |
Regional analysis |
|
Performing market contribution |
|
Key consumer countries |
US, |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
|
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
The travel and tourism industry has witnessed substantial growth in recent years on account of inflating disposable incomes, rising business travel, and the easy availability of online travel bookings. These factors are bolstering the global travel insurance market growth. Moreover, governments of numerous countries, such as the US, the
Vacation rentals are popular, especially in the US. Thus, when a tourist opts for vacation rentals, the person gets accommodation in furnished houses, apartments, or resort condominium complexes. Most vacation rentals have standardized cancelation policies (flexible, moderate, and strict), which protect both the guest and host alike and generate little or negligible reimbursements. Some of the top websites where people can list and choose rentals include Airbnb,
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
Allianz Group - American Express Co.
- American International Group Inc.
AXA Group Insure and Go Insurance Services Limited - MH Ross
Seven Corners Inc. Travel Insured International USI Insurance Services Zurich Insurance Co. Ltd.
The travel insurance market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.
Lack of awareness about insurance as a protection tool and inadequate details about the types of insurance products pose a major threat to the market. This often keeps potential clients away, which is one of the primary reasons for the slow growth of the market. The insurance service providers often offer services at a slow pace. The claim settlement process is a vital component in the whole process flow as it is crucial for the goodwill of the insurance company. Often the insurance companies are not agile in processing claims, especially processing documents through various departments in a foreign country. This has eroded client trust in travel insurance products and makes travelers reluctant to spend on such products. Moreover, in emerging countries, most insurance firms do not provide adequate insurance coverage for trip cancelation, especially for high-end customized trips that cost between
Travel Vaccines Market by Disease Type and Geography - Forecast and Analysis 2021-2025: The travel vaccines market size will grow up to USD 2.23 billion at a CAGR of 9% during 2021-2025. Find More Exclusive Research Insights Here
Insurance Brokerage Market in
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value Chain Analysis: Specialized Consumer Services
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.3 Market size 2020
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five force summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by End-user
- 5.1 Market segments
- Exhibit 15: End user - Market share 2020-2025 (%)
- 5.2 Comparison by End user
- Exhibit 16: Comparison by End user
- 5.3 Senior citizens - Market size and forecast 2020-2025
- Exhibit 17: Senior citizens - Market size and forecast 2020-2025 ($ million)
- Exhibit 18: Senior citizens - Year-over-year growth 2020-2025 (%)
- 5.4 Business travel - Market size and forecast 2020-2025
- Exhibit 19: Business travel - Market size and forecast 2020-2025 ($ million)
- Exhibit 20: Business travel - Year-over-year growth 2020-2025 (%)
- 5.5 Family travel - Market size and forecast 2020-2025
- Exhibit 21: Family travel - Market size and forecast 2020-2025 ($ million)
- Exhibit 22: Family travel - Year-over-year growth 2020-2025 (%)
- 5.6 Others - Market size and forecast 2020-2025
- Exhibit 23: Others - Market size and forecast 2020-2025 ($ million)
- Exhibit 24: Others - Year-over-year growth 2020-2025 (%)
- 5.7 Market opportunity by End user
- Exhibit 25: Market opportunity by End user
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 27: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 28: Geographic comparison
- 7.3
North America - Market size and forecast 2020-2025 - Exhibit 29:
North America - Market size and forecast 2020-2025 ($ million) - Exhibit 30:
North America - Year-over-year growth 2020-2025 (%)
- 7.4
Europe - Market size and forecast 2020-2025 - Exhibit 31:
Europe - Market size and forecast 2020-2025 ($ million) - Exhibit 32:
Europe - Year-over-year growth 2020-2025 (%)
- 7.5 APAC - Market size and forecast 2020-2025
- Exhibit 33: APAC - Market size and forecast 2020-2025 ($ million)
- Exhibit 34: APAC - Year-over-year growth 2020-2025 (%)
- 7.6 MEA - Market size and forecast 2020-2025
- Exhibit 35: MEA - Market size and forecast 2020-2025 ($ million)
- Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)
- 7.7
South America - Market size and forecast 2020-2025 - Exhibit 37:
South America - Market size and forecast 2020-2025 ($ million) - Exhibit 38:
South America - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 39: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 40: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- Exhibit 41: Impact of drivers and challenges
- 8.3 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 42: Vendor landscape
- 9.3 Landscape disruption
- Exhibit 43: Landscape disruption
- Exhibit 44: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 45: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 46: Market positioning of vendors
- 10.3
Allianz Group - Exhibit 47:
Allianz Group - Overview - Exhibit 48:
Allianz Group - Business segments - Exhibit 49:
Allianz Group - Key news - Exhibit 50:
Allianz Group - Key offerings - Exhibit 51:
Allianz Group - Segment focus
- 10.4 American Express Co.
- 10.5 American International Group Inc.
- Exhibit 56: American International Group Inc. - Overview
- Exhibit 57: American International Group Inc. - Business segments
- Exhibit 58: American International Group Inc. - Key offerings
- Exhibit 59: American International Group Inc. - Segment focus
- 10.6
AXA Group - Exhibit 60:
AXA Group - Overview - Exhibit 61:
AXA Group - Business segments - Exhibit 62:
AXA Group - Key news - Exhibit 63:
AXA Group - Key offerings - Exhibit 64:
AXA Group - Segment focus
- 10.7
Insure and Go Insurance Services Limited - Exhibit 65:
Insure and Go Insurance Services Limited - Overview - Exhibit 66:
Insure and Go Insurance Services Limited - Product and service - Exhibit 67:
Insure and Go Insurance Services Limited - Key offerings
- 10.8 MH Ross
- Exhibit 68: MH Ross - Overview
- Exhibit 69: MH Ross - Product and service
- Exhibit 70: MH Ross - Key offerings
- 10.9
Seven Corners Inc. - Exhibit 71:
Seven Corners Inc. - Overview - Exhibit 72:
Seven Corners Inc. - Product and service - Exhibit 73:
Seven Corners Inc. - Key offerings
- 10.10
Travel Insured International - Exhibit 74:
Travel Insured International - Overview - Exhibit 75:
Travel Insured International - Product and service - Exhibit 76:
Travel Insured International - Key offerings
- 10.11
USI Insurance Services - Exhibit 77:
USI Insurance Services - Overview - Exhibit 78:
USI Insurance Services - Product and service - Exhibit 79:
USI Insurance Services - Key offerings
- 10.12
Zurich Insurance Co. Ltd. - Exhibit 80:
Zurich Insurance Co. Ltd. - Overview - Exhibit 81:
Zurich Insurance Co. Ltd. - Business segments - Exhibit 82:
Zurich Insurance Co. Ltd. - Key news - Exhibit 83:
Zurich Insurance Co. Ltd. - Key offerings - Exhibit 84:
Zurich Insurance Co. Ltd. - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Currency conversion rates for US$
- Exhibit 85: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 86: Research Methodology
- Exhibit 87: Validation techniques employed for market sizing
- Exhibit 88: Information sources
- 11.4 List of abbreviations
- Exhibit 89: List of abbreviations
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