Global Personal Travel Accident Insurance Market 2024-2028

The personal travel accident insurance market is forecasted to grow by USD 37.6 bn during 2023-2028, accelerating at a CAGR of 6.66% during the forecast period. The report on the personal travel accident insurance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an increasing number of travel accidents, a rise in travel activities, and increasing disposable incomes.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	6%
CAGR	6.66%
Incremental Value	$37.6bn

Technavio's personal travel accident insurance market is segmented as below:

By Age Group

Adults
Senior citizens
Children

By Type

General personal travel accident insurance
Premium personal travel accident insurance

By Geographical Landscape

North America
Europe
APAC
Middle East and Africa
South America

This study identifies the increasing availability of insurance products and services through digital channels as one of the prime reasons driving the personal travel accident insurance market growth during the next few years. Also, the integration of wearables into customer engagement metrics for life insurance software and an increase in M&A of personal travel accident insurance vendors will lead to sizable demand in the market.

The report on the personal travel accident insurance market covers the following areas:

Personal travel accident insurance market sizing
Personal travel accident insurance market forecast
Personal travel accident insurance market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading personal travel accident insurance market vendors that include Aegon N.V., AFIA Insurance Brokerage Services L.L.C, Allianz SE, American Express Co., American International Group Inc., Aon plc, Assicurazioni Generali S.p.A., Aviva insurance Ltd., AXA Group, Berkshire Hathaway Inc., Chubb Ltd., ICICI Bank Ltd., Liberty Mutual Holding Co. Inc., Manulife Financial Corp., MAPFRE S.A., Munich Reinsurance Co., Nationwide Mutual Insurance Co., Seven Corners Inc., Star Health and Allied Insurance Co Ltd., The Allstate Corp., The Travelers Co. Inc., and Zurich Insurance Co. Ltd.. Also, the personal travel accident insurance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR75820

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Age Group
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global personal travel accident insurance market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global personal travel accident insurance market 2018 - 2022 ($ billion)
4.2 Age Group Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Age Group Segment 2018 - 2022 ($ billion)
4.3 Type Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Age Group

6.1 Market segments
Exhibit 30: Chart on Age Group - Market share 2023-2028 (%)
Exhibit 31: Data Table on Age Group - Market share 2023-2028 (%)
6.2 Comparison by Age Group
Exhibit 32: Chart on Comparison by Age Group
Exhibit 33: Data Table on Comparison by Age Group
6.3 Adults - Market size and forecast 2023-2028
Exhibit 34: Chart on Adults - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Adults - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Adults - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Adults - Year-over-year growth 2023-2028 (%)
6.4 Senior citizens - Market size and forecast 2023-2028
Exhibit 38: Chart on Senior citizens - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Senior citizens - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Senior citizens - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Senior citizens - Year-over-year growth 2023-2028 (%)
6.5 Children - Market size and forecast 2023-2028
Exhibit 42: Chart on Children - Market size and forecast 2023-2028 ($ billion)
Exhibit 43: Data Table on Children - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Chart on Children - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Children - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Age Group
Exhibit 46: Market opportunity by Age Group ($ billion)
Exhibit 47: Data Table on Market opportunity by Age Group ($ billion)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 48: Chart on Type - Market share 2023-2028 (%)
Exhibit 49: Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
Exhibit 50: Chart on Comparison by Type
Exhibit 51: Data Table on Comparison by Type
7.3 General personal travel accident insurance - Market size and forecast 2023-2028
Exhibit 52: Chart on General personal travel accident insurance - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on General personal travel accident insurance - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on General personal travel accident insurance - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on General personal travel accident insurance - Year-over-year growth 2023-2028 (%)
7.4 Premium personal travel accident insurance - Market size and forecast 2023-2028
Exhibit 56: Chart on Premium personal travel accident insurance - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Premium personal travel accident insurance - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Premium personal travel accident insurance - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Premium personal travel accident insurance - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Type
Exhibit 60: Market opportunity by Type ($ billion)
Exhibit 61: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
Exhibit 95: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 UK - Market size and forecast 2023-2028
Exhibit 99: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.12 Canada - Market size and forecast 2023-2028
Exhibit 103: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 107: Market opportunity By Geographical Landscape ($ billion)
Exhibit 108: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 Allianz SE
Exhibit 115: Allianz SE - Overview
Exhibit 116: Allianz SE - Business segments
Exhibit 117: Allianz SE - Key news
Exhibit 118: Allianz SE - Key offerings
Exhibit 119: Allianz SE - Segment focus
12.4 American Express Co.
Exhibit 120: American Express Co. - Overview
Exhibit 121: American Express Co. - Business segments
Exhibit 122: American Express Co. - Key offerings
Exhibit 123: American Express Co. - Segment focus
12.5 American International Group Inc.
Exhibit 124: American International Group Inc. - Overview
Exhibit 125: American International Group Inc. - Business segments
Exhibit 126: American International Group Inc. - Key news
Exhibit 127: American International Group Inc. - Key offerings
Exhibit 128: American International Group Inc. - Segment focus
12.6 Assicurazioni Generali S.p.A.
Exhibit 129: Assicurazioni Generali S.p.A. - Overview
Exhibit 130: Assicurazioni Generali S.p.A. - Business segments
Exhibit 131: Assicurazioni Generali S.p.A. - Key offerings
Exhibit 132: Assicurazioni Generali S.p.A. - Segment focus
12.7 AXA Group
Exhibit 133: AXA Group - Overview
Exhibit 134: AXA Group - Business segments
Exhibit 135: AXA Group - Key offerings
Exhibit 136: AXA Group - Segment focus
12.8 Berkshire Hathaway Inc.
Exhibit 137: Berkshire Hathaway Inc. - Overview
Exhibit 138: Berkshire Hathaway Inc. - Business segments
Exhibit 139: Berkshire Hathaway Inc. - Key news
Exhibit 140: Berkshire Hathaway Inc. - Key offerings
Exhibit 141: Berkshire Hathaway Inc. - Segment focus
12.9 Chubb Ltd.
Exhibit 142: Chubb Ltd. - Overview
Exhibit 143: Chubb Ltd. - Business segments
Exhibit 144: Chubb Ltd. - Key news
Exhibit 145: Chubb Ltd. - Key offerings
Exhibit 146: Chubb Ltd. - Segment focus
12.10 Manulife Financial Corp.
Exhibit 147: Manulife Financial Corp. - Overview
Exhibit 148: Manulife Financial Corp. - Business segments
Exhibit 149: Manulife Financial Corp. - Key offerings
Exhibit 150: Manulife Financial Corp. - Segment focus
12.11 MAPFRE S.A.
Exhibit 151: MAPFRE S.A. - Overview
Exhibit 152: MAPFRE S.A. - Product / Service
Exhibit 153: MAPFRE S.A. - Key offerings
12.12 Nationwide Mutual Insurance Co.
Exhibit 154: Nationwide Mutual Insurance Co. - Overview
Exhibit 155: Nationwide Mutual Insurance Co. - Product / Service
Exhibit 156: Nationwide Mutual Insurance Co. - Key offerings
12.13 Seven Corners Inc.
Exhibit 157: Seven Corners Inc. - Overview
Exhibit 158: Seven Corners Inc. - Product / Service
Exhibit 159: Seven Corners Inc. - Key offerings
12.14 Star Health and Allied Insurance Co Ltd.
Exhibit 160: Star Health and Allied Insurance Co Ltd. - Overview
Exhibit 161: Star Health and Allied Insurance Co Ltd. - Product / Service
Exhibit 162: Star Health and Allied Insurance Co Ltd. - Key offerings
12.15 The Allstate Corp.
Exhibit 163: The Allstate Corp. - Overview
Exhibit 164: The Allstate Corp. - Business segments
Exhibit 165: The Allstate Corp. - Key offerings
Exhibit 166: The Allstate Corp. - Segment focus
12.16 The Travelers Co. Inc.
Exhibit 167: The Travelers Co. Inc. - Overview
Exhibit 168: The Travelers Co. Inc. - Business segments
Exhibit 169: The Travelers Co. Inc. - Key offerings
Exhibit 170: The Travelers Co. Inc. - Segment focus
12.17 Zurich Insurance Co. Ltd.
Exhibit 171: Zurich Insurance Co. Ltd. - Overview
Exhibit 172: Zurich Insurance Co. Ltd. - Business segments
Exhibit 173: Zurich Insurance Co. Ltd. - Key offerings
Exhibit 174: Zurich Insurance Co. Ltd. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 175: Inclusions checklist
Exhibit 176: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 177: Currency conversion rates for US$
13.4 Research methodology
Exhibit 178: Research methodology
Exhibit 179: Validation techniques employed for market sizing
Exhibit 180: Information sources
13.5 List of abbreviations
Exhibit 181: List of abbreviations