Tourism Insurance Market

Travel insurance is a product focused on protecting policyholders against specified losses, accidents or other adverse events, which may occur before or during travel. Examples include trip cancellation/interruption, overseas medical expenses for injury or illness, theft of valuables, and baggage delay or damage. Many travel insurance policies also include the provision of emergency medical assistance services, such as call center operating 24 hours, seven days a week, and an international network of specialist health care providers.
There are standard general exclusions and invalidations on most types of travel insurance policies (for example, self?in?icted injury, acts of terrorism, non?approved pre?existing medical conditions, ?dangerous? or extreme activities, and policyholders being under the in?uence of alcohol or drugs). Travel insurance is generally available in two forms: (i) as a single-trip insurance policy, which provides cover for a specific trip and is matched to the exact characteristic of the trip (e.g. number of travelling days and destination) and (ii) as an annual insurance policy, which covers multiple trips in a year. Travel insurance can be purchased from travel agents, travel suppliers (airlines, hotels, cruise lines, tour operators) a private insurance firm, insurance brokers, or online. The GWP in Tourism Insurance Market all refer to the Gross written premium from Travel Insurance. The characteristics of fine travel insurance unit of measurement as follow:
Tourism Insurance Market aims to provide a comprehensive presentation of the global market for Tourism Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Tourism Insurance. Tourism Insurance Market contains market size and forecasts of Tourism Insurance in global, including the following market information:
Global Tourism Insurance Market Revenue, 2018-2023, 2024-2030, ($ millions)
Global top five companies in 2022 (%)
The global Tourism Insurance market was valued at US$ 21430 million in 2022 and is projected to reach US$ 27170 million by 2030, at a CAGR of 3.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The main global Travel Insurance players include Allianz, Munich Re Group, AIG, etc. The top three Travel Insurance players account for approximately 58% of the total global market. Asia-Pacific is the largest consumer market for Travel Insurance, account
We surveyed the Tourism Insurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Tourism Insurance Market, by Type, 2018-2023, 2024-2030 ($ millions)
Global Tourism Insurance Market Segment Percentages, by Type, 2022 (%)
Medical Expense
Trip Cancellation
Trip Delay
Property Damage
Others
Global Tourism Insurance Market, by Application, 2018-2023, 2024-2030 ($ millions)
Global Tourism Insurance Market Segment Percentages, by Application, 2022 (%)
Domestic Tourism
Oversea Tourism
Global Tourism Insurance Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)
Global Tourism Insurance Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Tourism Insurance revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Tourism Insurance revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Allianz
Munich RE
Generali
AXA
Hanse Merkur
Groupama
Mapfre Asistencia
AIG
CSA Travel Protection
USI Affinity
Seven Corners
MH Ross
Tokio Marine
Sompo Japan
Pingan Baoxian
STARR
Insubuy
Outline of Major Chapters:
Chapter 1: Introduces the definition of Tourism Insurance, market overview.
Chapter 2: Global Tourism Insurance market size in revenue.
Chapter 3: Detailed analysis of Tourism Insurance company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Tourism Insurance in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.