Report Highlights
Travel Insurance Market Insights
Travel Insurance Market was valued at USD 18.24 Billion in 2019 and is projected to reach USD 60.73 Billion by 2027, registering a CAGR of 16.25% from 2020 to 2027.
The Travel Insurance Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Travel Insurance Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Global Travel Insurance Market Overview
The significant rise in the travel and tourism industry in recent years, owing to increasing disposable incomes, rising business trips, and the simple availability of online travel bookings and discounted package holidays, is one of the major factors driving global Travel Insurance Market growth. This report provides an all-inclusive environment for the analysis of the Travel Insurance Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews, and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political, and economic factors along with the current market dynamics affecting the Travel Insurance Market growth.
Along with the market overview, which comprises the market dynamics the chapter includes Porter’s Five Forces analysis which explains the five forces: namely buyers’ bargaining power, suppliers’ bargaining power, the threat of new entrants, the threat of substitutes, and degree of competition in the Travel Insurance Market. It explains the various participants, such as system integrators, intermediaries, and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Travel Insurance Market.
Report Synopsis
| Report Metrics | Details |
| Base year considered | 2019 |
| Forecast period considered | 2020-2027 |
| Base year market size | 18.24 $ Billion |
| Market size forecast | 60.73 $ Billion |
| Growth rate | 16.25% |
| Units considered | $ Billion |
| Segments covered | Insurance Cover, Distribution Channel, End User, and Geography. |
| Industry covered | Banking Financial Services & Insurance |
| Companies studied |
|
Global Travel Insurance Market Segmentation Analysis
The Global Travel Insurance Market is Segmented on the basis of Insurance Cover, Distribution Channel, End User, and Geography.
Key Players InTravel Insurance Market
The Global Travel Insurance Market study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Allianz Group, American International Group Inc., Assicurazioni Generali S.P.A, AXA, Insure & Go Insurance Services Limited, Seven Corners Inc., Travel Insured International, TravelSafe Insurance, USI Insurance Services, and Zurich Insurance Co. Limited
Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More