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Market Research Report

Asia-Pacific Travel Insurance Market by Distribution Channel, Insurance Cover and End User : Opportunity Analysis and Industry Forecast, 2016-2022

Published by Allied Market Research Product code 676988
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Asia-Pacific Travel Insurance Market by Distribution Channel, Insurance Cover and End User : Opportunity Analysis and Industry Forecast, 2016-2022
Published: May 1, 2017 Content info: 120 Pages
Description

Title:
Asia-Pacific Travel Insurance Market by Distribution Channel (Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, Insurance Aggregators, and Others), Insurance Cover (Single Trip, Annual Multi-trip, and Long Stay) and End User (Senior Citizens, Educational Travelers, Backpackers, Business Travelers, Family Travelers, and Fully Independent Travelers): Opportunity Analysis and Industry Forecast, 2016-2022.

Travel insurance is a typology aimed at safeguarding tourists during their travel. It is always advisable for a traveler to opt for a travel insurance policy, as unforeseen weather changes, ill health, or other catastrophes can interrupt the individual's travel plan. To mitigate the risk associated with such incidences, a number of travelers are opting for travel insurance.

The travel insurance market is growing at a high rate in countries such as China, Japan, India, Indonesia, Korea, Australia, Hong Kong, Taiwan, New Zealand, and Singapore, owing to their high GDP growth and rise in per capita income. Asia-Pacific is witnessing the highest growth rate globally, owing to presence of emerging economies, growth in population, and expansion of the middle-class segment. Increase in outbound tourism in the region and international business travels drive the growth of this market.

Further, increase in number of senior citizens across Australia, Japan, China, and India fuel the growth of the travel insurance industry. The strong economic growth in China and India supplements the rising demand for various business travel-related insurance products. Moreover, government initiatives in Malaysia and Thailand to formulate regulations that mandate the travel insurance for all international travelers present a major opportunity for the market players. However, lack of awareness regarding travel insurance poses a major challenge to market growth.

The market is segmented on the basis of distribution channel, insurance cover, end user, and country. Based on distribution channel, it is classified into insurance intermediaries, insurance companies, banks, insurance brokers, insurance aggregators, and others. Based on insurance cover, it is divided into single trip, annual multi-trip, and long stay. Based on end user, it is categorized into senior citizens, education travelers, backpackers, business travelers, family travelers, and fully independent travelers. The countries analyzed in the report include China, Japan, India, Australia, New Zealand, Thailand, and rest of Asia-Pacific.

The key players profiled in the report include American International Group Inc., Allianz Group, ACE, Munich Re, Tokio Marine Holdings, China Pacific Insurance Company, Bajaj Finserv, Ping An Insurance Company of China, Dongbu Group, and MS&AD Insurance Group.

KEY BENEFITS

  • This study provides an in-depth analysis of the Asia-Pacific travel insurance market, in terms of value, to elucidate the imminent investment pockets.
  • A detailed impact analysis of the current trends, country-wise travel insurance market, and future estimations is provided to target the profitable sectors.
  • Quantitative analysis is provided from 2014 to 2022, with 2015 as the base year.
  • The drivers, restraints, and opportunities are analyzed to identify the prevailing market opportunities.
  • Porter's Five Forces analysis highlights the potency of suppliers and buyers in the competitive market to facilitate efficient business planning.

KEY MARKET SEGMENTS

By Distribution Channel

  • Insurance Intermediaries
  • Insurance Companies
  • Banks
  • Insurance Brokers
  • Insurance Aggregators
  • Others

By Insurance Cover

  • Single Trip
  • Annual Multi-trip
  • Long Stay

By End User

  • Senior Citizens
  • Education Travelers
  • Backpackers
  • Business Travelers
  • Family Travelers
  • Fully Independent Travelers

By Country

  • China
  • Japan
  • India
  • Australia
  • New Zealand
  • Thailand
  • Rest of Asia-Pacific

KEY PLAYERS

  • American International Group Inc.
  • Allianz Group
  • ACE
  • Munich Re
  • Tokio Marine Holdings
  • China Pacific Insurance Company
  • Bajaj Finserv
  • Ping An Insurance Company of China
  • Dongbu Group
  • MS&AD Insurance Group

Other players in the value chain include (profiles not included in the report):

  • Sompo Japan
  • Nipponkoa
  • CPIC
  • Tokio Marine
Table of Contents
Product Code: BF 172292

Table of Contents

CHAPTER 1 INTRODUCTION

  • 1.1. Report Description
  • 1.2. Key Benefits
  • 1.3. Key Market Segments
  • 1.4. Research Methodology
    • 1.4.1. Secondary research
    • 1.4.2. Primary research
    • 1.4.3. Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

  • 2.1. CXO Perspective

CHAPTER 3 MARKET OVERVIEW

  • 3.1. Market Definition and Scope
  • 3.2. Key Findings
    • 3.2.1. Top impacting factors
    • 3.2.2. Top investment pockets
    • 3.2.3. Top winning strategies
  • 3.3. Porters Five Forces Analysis
  • 3.4. Market Positioning, 2016
  • 3.5. Market Dynamics
    • 3.5.1. Drivers
      • 3.5.1.1. Rise in tourism
      • 3.5.1.2. Increasing travel rule and regulation
      • 3.5.1.3. Rise in baby boomer travel
    • 3.5.2. Restraints
      • 3.5.2.1. Low penetration of insurance policies
    • 3.5.3. Opportunities
      • 3.5.3.1. New technological developments for the travel insurance industry

CHAPTER 4 ASIA PACIFIC TRAVEL INSURANCE MARKET

  • 4.1. Asia Pacific Travel Insurance Market, By Distribution Channel
    • 4.1.1. Introduction
    • 4.1.2. Key market trends
    • 4.1.3. Key drivers and opportunities
    • 4.1.4. Market size and forecast, by type (Insurance intermediaries, insurance company, bank, insurance broker, insurance aggregator, and others)
  • 4.2. Asia Pacific Travel Insurance Market, By Insurance Cover
    • 4.2.1. Introduction
    • 4.2.2. Key market trends
    • 4.2.3. Key drivers and opportunities
    • 4.2.4. Market size and forecast, by type (Single trip travel insurance, annual multi-trip travel insurance, and long-stay travel insurance)
  • 4.3. Asia Pacific Travel Insurance Market, By End User
    • 4.3.1. Introduction
    • 4.3.2. Key market trends
    • 4.3.3. Key drivers and opportunities
    • 4.3.4. Market size and forecast, by type (Senior citizens, education traveler, backpackers, business traveler, family traveler, and fully independent traveler)

CHAPTER 5 ASIA PACIFIC TRAVEL INSURANCE MARKET, BY COUNTRY

  • 5.1. China Travel Insurance Market
    • 5.1.1. Introduction
    • 5.1.2. Key market trends
    • 5.1.3. Key drivers and opportunities
    • 5.1.4. Market size and forecast
      • 5.1.4.1 By Distribution Channel
      • 5.1.4.2 By Insurance Cover
      • 5.1.4.3 By End User
  • 5.2. Japan Travel Insurance Market
    • 5.2.1. Introduction
    • 5.2.2. Key market trends
    • 5.2.3. Key drivers and opportunities
    • 5.2.4. Market size and forecast
      • 5.2.4.1 By Distribution Channel
      • 5.2.4.2 By Insurance Cover
      • 5.2.4.3 By End User
  • 5.3. India Travel Insurance Market
    • 5.3.1. Introduction
    • 5.3.2. Key market trends
    • 5.3.3. Key drivers and opportunities
    • 5.3.4. Market size and forecast
      • 5.3.4.1 By Distribution Channel
      • 5.3.4.2 By Insurance Cover
      • 5.3.4.3 By End User
  • 5.4. Australia Travel Insurance Market
    • 5.4.1. Introduction
    • 5.4.2. Key market trends
    • 5.4.3. Key drivers and opportunities
    • 5.4.4. Market size and forecast
      • 5.4.4.1 By Distribution Channel
      • 5.4.4.2 By Insurance Cover
      • 5.4.4.3 By End User
  • 5.5. New Zealand Travel Insurance Market
    • 5.5.1. Introduction
    • 5.5.2. Key market trends
    • 5.5.3. Key drivers and opportunities
    • 5.5.4. Market size and forecast
      • 5.5.4.1 By Distribution Channel
      • 5.5.4.2 By Insurance Cover
      • 5.5.4.3 By End User
  • 5.6. Thailand Travel Insurance Market
    • 5.6.1. Introduction
    • 5.6.2. Key market trends
    • 5.6.3. Key drivers and opportunities
    • 5.6.4. Market size and forecast
      • 5.6.4.1 By Distribution Channel
      • 5.6.4.2 By Insurance Cover
      • 5.6.4.3 By End User

CHAPTER 6 RELATED INDUSTRY INSIGHTS

  • 6.1. Usage Based Insurance Market
  • 6.2. Cyber Insurance Market

CHAPTER 7 COMPANY PROFILE

  • 7.1. American International Group Inc.
    • 7.1.1. Company overview
    • 7.1.2. Operating business segments
    • 7.1.3. Business performance
    • 7.1.4. Key strategic moves and developments
  • 7.2. Allianz Group
    • 7.2.1. Company overview
    • 7.2.2. Operating business segments
    • 7.2.3. Business performance
    • 7.2.4. Key strategic moves and developments
  • 7.3. Ace Insurance Company Limited
    • 7.3.1. Company overview
    • 7.3.2. Operating business segments
    • 7.3.3. Business performance
    • 7.3.4. Key strategic moves and developments
  • 7.4. Munich Reinsurance Company
    • 7.4.1. Company overview
    • 7.4.2. Operating business segments
    • 7.4.3. Business performance
    • 7.4.4. Key strategic moves and developments
  • 7.5. Tokio Marine Holdings, Inc.
    • 7.5.1. Company overview
    • 7.5.2. Operating business segments
    • 7.5.3. Business performance
    • 7.5.4. Key strategic moves and developments
  • 7.6. China Pacific Insurance Co., Ltd
    • 7.6.1. Company overview
    • 7.6.2. Operating business segments
    • 7.6.3. Business performance
    • 7.6.4. Key strategic moves and developments
  • 7.7. Bajaj Finserv Ltd.
    • 7.7.1. Company overview
    • 7.7.2. Operating business segments
    • 7.7.3. Business performance
    • 7.7.4. Key strategic moves and developments
  • 7.8. Ping An Insurance Company of China, Ltd.
    • 7.8.1. Company overview
    • 7.8.2. Operating business segments
    • 7.8.3. Business performance
    • 7.8.4. Key strategic moves and developments
  • 7.9. Dongbu Group
    • 7.9.1. Company overview
    • 7.9.2. Operating business segments
    • 7.9.3. Business performance
    • 7.9.4. Key strategic moves and developments
  • 7.10. MS&AD Insurance Group Holdings, Inc.
    • 7.10.1. Company overview
    • 7.10.2. Operating business segments
    • 7.10.3. Business performance
    • 7.10.4. Key strategic moves and developments

List of Tables

Table 1. Asia Pacific Travel Insurance Market, by Distribution Channel, 2014-2022 ($Million)

Table 2. Asia Pacific Travel Insurance Market, by Insurance Cover, 2014-2022 ($Million)

Table 3. Asia Pacific Travel Insurance Market, by End-User, 2014-2022 ($Million)

Table 4. China Travel Insurance Market Revenue by Distribution Channel, 2014-2022 ($Million)

Table 5. China Travel Insurance Market Revenue by Insurance Cover, 2014-2022 ($Million)

Table 6. China Travel Insurance Market Revenue by User, 2014-2022 ($Million)

Table 7. Japan Travel Insurance Market Revenue by Distribution Channel, 2014-2022 ($Million)

Table 8. Japan Travel Insurance Market Revenue by Insurance Cover, 2014-2022 ($Million)

Table 9. Japan Travel Insurance Market Revenue by User, 2014-2022 ($Million)

Table 10. India Travel Insurance Market Revenue by Distribution Channel, 2014-2022 ($Million)

Table 11. India Travel Insurance Market Revenue by Insurance Cover, 2014-2022 ($Million)

Table 12. India Travel Insurance Market Revenue by User, 2014-2022 ($Million)

Table 13. Australia Travel Insurance Market Revenue by Distribution Channel, 2014-2022 ($Million)

Table 14. Australia Travel Insurance Market Revenue by Insurance Cover, 2014-2022 ($Million)

Table 15. Australia Travel Insurance Market Revenue by User, 2014-2022 ($Million)

Table 16. New Zealand Travel Insurance Market Revenue by Distribution Channel, 2014-2022 ($Million)

Table 17. New Zealand. Travel Insurance Market Revenue by Insurance Cover, 2014-2022 ($Million)

Table 18. New Zealand Travel Insurance Market Revenue by User, 2014-2022 ($Million)

Table 19. Thailand Travel Insurance Market Revenue by Distribution Channel, 2014-2022 ($Million)

Table 20. Thailand Travel Insurance Market Revenue by Insurance Cover, 2014-2022 ($Million)

Table 21. Thailand Travel Insurance Market Revenue by User, 2014-2022 ($Million)

Table 22. American International Group Inc.: Company Snapshot

Table 23. American International Group Inc.: Operating Segments

Table 24. Allianz Group: Company Snapshot

Table 25. Allianz Group: Operating Segments

Table 26. Ace Insurance Company Limited: Company Snapshot

Table 27. Ace Insurance Company Limited: Operating Segments

Table 28. Munich Reinsurance Company: Company Snapshot

Table 29. Munich Reinsurance Company: Operating Segments

Table 30. Tokio Marine Holdings, Inc.: Company Snapshot

Table 31. Tokio Marine Holdings, Inc.: Operating Segments

Table 32. China Pacific Insurance Co., Ltd: Company Snapshot

Table 33. China Pacific Insurance Co., Ltd: Operating Segments

Table 34. Bajaj Finserv Ltd.: Company Snapshot

Table 35. Bajaj Finserv Ltd.: Operating Segments

Table 36. Ping An Insurance Company of China, Ltd.: Company Snapshot

Table 37. Ping An Insurance Company of China, Ltd.: Operating Segments

Table 38. Dongbu Group: Company Snapshot

Table 39. Dongbu Group: Operating Segments

Table 40. Ms&Ad Insurance Group Holdings, Inc.: Company Snapshot

List of Figures

Figure 1. Top Impacting Factors

Figure 2. Top Investment Pockets

Figure 3. Top Winning Strategies

Figure 4. Bargaining Power of Suppliers

Figure 5. Bargaining Power of Buyers

Figure 6. Threat of New Entrants

Figure 7. Competitive Rivalry

Figure 8. Threat of Substitutes

Figure 9. Market Positioning, 2016

Figure 10. China Travel Insurance Market, 2014-2022 ($Million)

Figure 11. Japan Travel Insurance Market, 2014-2022 ($Million)

Figure 12. India Travel Insurance Market, 2014-2022 ($Million)

Figure 13. Australia Travel Insurance Market, 2014-2022 ($Million)

Figure 14. New Zealand Travel Insurance Market, 2014-2022 ($Million)

Figure 15. Thailand Travel Insurance Market, 2014-2022 ($Million)

Figure 16. American International Group Inc.: Company Snapshot

Figure 17. Allianz Group: Company Snapshot

Figure 18. Ace Insurance Company Limited: Company Snapshot

Figure 19. Munich Reinsurance Company: Company Snapshot

Figure 20. Tokio Marine Holdings, Inc.: Company Snapshot

Figure 21. China Pacific Insurance Co., Ltd: Company Snapshot

Figure 22. Bajaj Finserv Ltd.: Company Snapshot

Figure 23. Ping An Insurance Company Of China, Ltd.: Company Snapshot

Figure 24. Dongbu Group: Company Snapshot

Figure 25. MS&AD Insurance Group Holdings, Inc.: Company Snapshot

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