Travel Insurance Market by Insurance Coverage, Distribution Channel, End-Users

KEY MARKET STATISTICS
Base Year [2023]	USD 26.33 billion
Estimated Year [2024]	USD 29.20 billion
Forecast Year [2030]	USD 47.92 billion
CAGR (%)	8.93%

The FPNV Positioning Matrix is pivotal in evaluating the Travel Insurance Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Travel Insurance Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Travel Insurance Market, highlighting leading vendors and their innovative profiles. These include Allianz SE, American International Group, Inc., ASSICURAZIONI GENERALI S.P.A., Aviva, Axa S.A., Berkshire Hathaway Specialty Insurance Company, Columbus Direct, eBaoTech International, Expat & Co, HDFC ERGO General Insurance Company Limited, Highway to Health, Inc., ICICI Lombard International, International Medical Group, Inc., John Hancock Life Insurance Company, Nationwide Mutual Insurance Company, Pablow Inc., Seven Corners Inc., Tata AIG General Insurance Company Limited, Travel Insurance Facilities PLC, Travel Insured International, Travelex Insurance Services Inc., USI Insurance Services, and WorldNomads.com Pty Limited.

Market Segmentation & Coverage

This research report categorizes the Travel Insurance Market to forecast the revenues and analyze trends in each of the following sub-markets:

Insurance Coverage
- Annual Multi-Trip Travel Insurance
- Long-Stay Travel Insurance
- Single-Trip Travel Insurance
Distribution Channel
- Banks
- Insurance Aggregators
- Insurance Brokers
- Insurance Companies
- Insurance Intermediaries
End-Users
- Business Travellers
- Education Travellers
- Family Travellers
- Senior Citizens
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Travel Insurance Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Travel Insurance Market?

3. What are the technology trends and regulatory frameworks in the Travel Insurance Market?

4. What is the market share of the leading vendors in the Travel Insurance Market?

5. Which modes and strategic moves are suitable for entering the Travel Insurance Market?

Product Code: MRR-B168537797CF

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Travel Insurance Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Significant growth in national and international tourism worldwide
  - 5.1.1.2. Growing adoption of online bookings and insurance solutions
  - 5.1.1.3. Availability of cost-friendly and innovative travel insurance plans
- 5.1.2. Restraints
  - 5.1.2.1. Less awareness toward travel insurance in emerging economies
- 5.1.3. Opportunities
  - 5.1.3.1. Customization of travel insurance plans in response to geographic locations and customer preferences
  - 5.1.3.2. Technological advancements in travel insurance solutions
- 5.1.4. Challenges
  - 5.1.4.1. Concerns regarding claims coupled with data privacy issues
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Travel Insurance Market, by Insurance Coverage

6.1. Introduction
6.2. Annual Multi-Trip Travel Insurance
6.3. Long-Stay Travel Insurance
6.4. Single-Trip Travel Insurance

7. Travel Insurance Market, by Distribution Channel

7.1. Introduction
7.2. Banks
7.3. Insurance Aggregators
7.4. Insurance Brokers
7.5. Insurance Companies
7.6. Insurance Intermediaries

8. Travel Insurance Market, by End-Users

8.1. Introduction
8.2. Business Travellers
8.3. Education Travellers
8.4. Family Travellers
8.5. Senior Citizens

9. Americas Travel Insurance Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Travel Insurance Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Travel Insurance Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player

13. Competitive Portfolio

13.1. Key Company Profiles
- 13.1.1. Allianz SE
- 13.1.2. American International Group, Inc.
- 13.1.3. ASSICURAZIONI GENERALI S.P.A.
- 13.1.4. Aviva
- 13.1.5. Axa S.A.
- 13.1.6. Berkshire Hathaway Specialty Insurance Company
- 13.1.7. Columbus Direct
- 13.1.8. eBaoTech International
- 13.1.9. Expat & Co
- 13.1.10. HDFC ERGO General Insurance Company Limited
- 13.1.11. Highway to Health, Inc.
- 13.1.12. ICICI Lombard International
- 13.1.13. International Medical Group, Inc.
- 13.1.14. John Hancock Life Insurance Company
- 13.1.15. Nationwide Mutual Insurance Company
- 13.1.16. Pablow Inc.
- 13.1.17. Seven Corners Inc.
- 13.1.18. Tata AIG General Insurance Company Limited
- 13.1.19. Travel Insurance Facilities PLC
- 13.1.20. Travel Insured International
- 13.1.21. Travelex Insurance Services Inc.
- 13.1.22. USI Insurance Services
- 13.1.23. WorldNomads.com Pty Limited
13.2. Key Product Portfolio

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing