Abstract
Summary
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‑inflicted injury, acts of terrorism, non‑approved pre‑existing medical conditions, “dangerous” or extreme activities, and policyholders being under the influence 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 this report all refer to the Gross written premium from Travel Insurance. The characteristics of fine travel insurance unit of measurement as follow:
LPI (LP Information)' newest research report, the “Tourism Insurance Industry Forecast” looks at past sales and reviews total world Tourism Insurance sales in 2022, providing a comprehensive analysis by region and market sector of projected Tourism Insurance sales for 2023 through 2029. With Tourism Insurance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Tourism Insurance industry.
This Insight Report provides a comprehensive analysis of the global Tourism Insurance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Tourism Insurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Tourism Insurance market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Tourism Insurance and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Tourism Insurance.
The global Tourism Insurance market size is projected to grow from US$ 20380 million in 2022 to US$ 26340 million in 2029; it is expected to grow at a CAGR of 3.7% from 2023 to 2029.
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
This report presents a comprehensive overview, market shares, and growth opportunities of Tourism Insurance market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Medical Expense
Trip Cancellation
Trip Delay
Property Damage
Others
Segmentation by application
Domestic Tourism
Oversea Tourism
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
There are standard general exclusions and invalidations on most types of travel insurance policies (for example, self‑inflicted injury, acts of terrorism, non‑approved pre‑existing medical conditions, “dangerous” or extreme activities, and policyholders being under the influence 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 this report all refer to the Gross written premium from Travel Insurance. The characteristics of fine travel insurance unit of measurement as follow:
LPI (LP Information)' newest research report, the “Tourism Insurance Industry Forecast” looks at past sales and reviews total world Tourism Insurance sales in 2022, providing a comprehensive analysis by region and market sector of projected Tourism Insurance sales for 2023 through 2029. With Tourism Insurance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Tourism Insurance industry.
This Insight Report provides a comprehensive analysis of the global Tourism Insurance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Tourism Insurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Tourism Insurance market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Tourism Insurance and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Tourism Insurance.
The global Tourism Insurance market size is projected to grow from US$ 20380 million in 2022 to US$ 26340 million in 2029; it is expected to grow at a CAGR of 3.7% from 2023 to 2029.
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
This report presents a comprehensive overview, market shares, and growth opportunities of Tourism Insurance market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Medical Expense
Trip Cancellation
Trip Delay
Property Damage
Others
Segmentation by application
Domestic Tourism
Oversea Tourism
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Tourism Insurance Market Size 2018-2029
2.1.2 Tourism Insurance Market Size CAGR by Region 2018 VS 2022 VS 2029
2.2 Tourism Insurance Segment by Type
2.2.1 Medical Expense
2.2.2 Trip Cancellation
2.2.3 Trip Delay
2.2.4 Property Damage
2.2.5 Others
2.3 Tourism Insurance Market Size by Type
2.3.1 Tourism Insurance Market Size CAGR by Type (2018 VS 2022 VS 2029)
2.3.2 Global Tourism Insurance Market Size Market Share by Type (2018-2023)
2.4 Tourism Insurance Segment by Application
2.4.1 Domestic Tourism
2.4.2 Oversea Tourism
2.5 Tourism Insurance Market Size by Application
2.5.1 Tourism Insurance Market Size CAGR by Application (2018 VS 2022 VS 2029)
2.5.2 Global Tourism Insurance Market Size Market Share by Application (2018-2023)
3 Tourism Insurance Market Size by Player
3.1 Tourism Insurance Market Size Market Share by Players
3.1.1 Global Tourism Insurance Revenue by Players (2018-2023)
3.1.2 Global Tourism Insurance Revenue Market Share by Players (2018-2023)
3.2 Global Tourism Insurance Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2021-2023)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Tourism Insurance by Regions
4.1 Tourism Insurance Market Size by Regions (2018-2023)
4.2 Americas Tourism Insurance Market Size Growth (2018-2023)
4.3 APAC Tourism Insurance Market Size Growth (2018-2023)
4.4 Europe Tourism Insurance Market Size Growth (2018-2023)
4.5 Middle East & Africa Tourism Insurance Market Size Growth (2018-2023)
5 Americas
5.1 Americas Tourism Insurance Market Size by Country (2018-2023)
5.2 Americas Tourism Insurance Market Size by Type (2018-2023)
5.3 Americas Tourism Insurance Market Size by Application (2018-2023)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Tourism Insurance Market Size by Region (2018-2023)
6.2 APAC Tourism Insurance Market Size by Type (2018-2023)
6.3 APAC Tourism Insurance Market Size by Application (2018-2023)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Tourism Insurance by Country (2018-2023)
7.2 Europe Tourism Insurance Market Size by Type (2018-2023)
7.3 Europe Tourism Insurance Market Size by Application (2018-2023)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Tourism Insurance by Region (2018-2023)
8.2 Middle East & Africa Tourism Insurance Market Size by Type (2018-2023)
8.3 Middle East & Africa Tourism Insurance Market Size by Application (2018-2023)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Tourism Insurance Market Forecast
10.1 Global Tourism Insurance Forecast by Regions (2024-2029)
10.1.1 Global Tourism Insurance Forecast by Regions (2024-2029)
10.1.2 Americas Tourism Insurance Forecast
10.1.3 APAC Tourism Insurance Forecast
10.1.4 Europe Tourism Insurance Forecast
10.1.5 Middle East & Africa Tourism Insurance Forecast
10.2 Americas Tourism Insurance Forecast by Country (2024-2029)
10.2.1 United States Tourism Insurance Market Forecast
10.2.2 Canada Tourism Insurance Market Forecast
10.2.3 Mexico Tourism Insurance Market Forecast
10.2.4 Brazil Tourism Insurance Market Forecast
10.3 APAC Tourism Insurance Forecast by Region (2024-2029)
10.3.1 China Tourism Insurance Market Forecast
10.3.2 Japan Tourism Insurance Market Forecast
10.3.3 Korea Tourism Insurance Market Forecast
10.3.4 Southeast Asia Tourism Insurance Market Forecast
10.3.5 India Tourism Insurance Market Forecast
10.3.6 Australia Tourism Insurance Market Forecast
10.4 Europe Tourism Insurance Forecast by Country (2024-2029)
10.4.1 Germany Tourism Insurance Market Forecast
10.4.2 France Tourism Insurance Market Forecast
10.4.3 UK Tourism Insurance Market Forecast
10.4.4 Italy Tourism Insurance Market Forecast
10.4.5 Russia Tourism Insurance Market Forecast
10.5 Middle East & Africa Tourism Insurance Forecast by Region (2024-2029)
10.5.1 Egypt Tourism Insurance Market Forecast
10.5.2 South Africa Tourism Insurance Market Forecast
10.5.3 Israel Tourism Insurance Market Forecast
10.5.4 Turkey Tourism Insurance Market Forecast
10.5.5 GCC Countries Tourism Insurance Market Forecast
10.6 Global Tourism Insurance Forecast by Type (2024-2029)
10.7 Global Tourism Insurance Forecast by Application (2024-2029)
11 Key Players Analysis
11.1 Allianz
11.1.1 Allianz Company Information
11.1.2 Allianz Tourism Insurance Product Offered
11.1.3 Allianz Tourism Insurance Revenue, Gross Margin and Market Share (2018-2023)
11.1.4 Allianz Main Business Overview
11.1.5 Allianz Latest Developments
11.2 Munich RE
11.2.1 Munich RE Company Information
11.2.2 Munich RE Tourism Insurance Product Offered
11.2.3 Munich RE Tourism Insurance Revenue, Gross Margin and Market Share (2018-2023)
11.2.4 Munich RE Main Business Overview
11.2.5 Munich RE Latest Developments
11.3 Generali
11.3.1 Generali Company Information
11.3.2 Generali Tourism Insurance Product Offered
11.3.3 Generali Tourism Insurance Revenue, Gross Margin and Market Share (2018-2023)
11.3.4 Generali Main Business Overview
11.3.5 Generali Latest Developments
11.4 AXA
11.4.1 AXA Company Information
11.4.2 AXA Tourism Insurance Product Offered
11.4.3 AXA Tourism Insurance Revenue, Gross Margin and Market Share (2018-2023)
11.4.4 AXA Main Business Overview
11.4.5 AXA Latest Developments
11.5 Hanse Merkur
11.5.1 Hanse Merkur Company Information
11.5.2 Hanse Merkur Tourism Insurance Product Offered
11.5.3 Hanse Merkur Tourism Insurance Revenue, Gross Margin and Market Share (2018-2023)
11.5.4 Hanse Merkur Main Business Overview
11.5.5 Hanse Merkur Latest Developments
11.6 Groupama
11.6.1 Groupama Company Information
11.6.2 Groupama Tourism Insurance Product Offered
11.6.3 Groupama Tourism Insurance Revenue, Gross Margin and Market Share (2018-2023)
11.6.4 Groupama Main Business Overview
11.6.5 Groupama Latest Developments
11.7 Mapfre Asistencia
11.7.1 Mapfre Asistencia Company Information
11.7.2 Mapfre Asistencia Tourism Insurance Product Offered
11.7.3 Mapfre Asistencia Tourism Insurance Revenue, Gross Margin and Market Share (2018-2023)
11.7.4 Mapfre Asistencia Main Business Overview
11.7.5 Mapfre Asistencia Latest Developments
11.8 AIG
11.8.1 AIG Company Information
11.8.2 AIG Tourism Insurance Product Offered
11.8.3 AIG Tourism Insurance Revenue, Gross Margin and Market Share (2018-2023)
11.8.4 AIG Main Business Overview
11.8.5 AIG Latest Developments
11.9 CSA Travel Protection
11.9.1 CSA Travel Protection Company Information
11.9.2 CSA Travel Protection Tourism Insurance Product Offered
11.9.3 CSA Travel Protection Tourism Insurance Revenue, Gross Margin and Market Share (2018-2023)
11.9.4 CSA Travel Protection Main Business Overview
11.9.5 CSA Travel Protection Latest Developments
11.10 USI Affinity
11.10.1 USI Affinity Company Information
11.10.2 USI Affinity Tourism Insurance Product Offered
11.10.3 USI Affinity Tourism Insurance Revenue, Gross Margin and Market Share (2018-2023)
11.10.4 USI Affinity Main Business Overview
11.10.5 USI Affinity Latest Developments
11.11 Seven Corners
11.11.1 Seven Corners Company Information
11.11.2 Seven Corners Tourism Insurance Product Offered
11.11.3 Seven Corners Tourism Insurance Revenue, Gross Margin and Market Share (2018-2023)
11.11.4 Seven Corners Main Business Overview
11.11.5 Seven Corners Latest Developments
11.12 MH Ross
11.12.1 MH Ross Company Information
11.12.2 MH Ross Tourism Insurance Product Offered
11.12.3 MH Ross Tourism Insurance Revenue, Gross Margin and Market Share (2018-2023)
11.12.4 MH Ross Main Business Overview
11.12.5 MH Ross Latest Developments
11.13 Tokio Marine
11.13.1 Tokio Marine Company Information
11.13.2 Tokio Marine Tourism Insurance Product Offered
11.13.3 Tokio Marine Tourism Insurance Revenue, Gross Margin and Market Share (2018-2023)
11.13.4 Tokio Marine Main Business Overview
11.13.5 Tokio Marine Latest Developments
11.14 Sompo Japan
11.14.1 Sompo Japan Company Information
11.14.2 Sompo Japan Tourism Insurance Product Offered
11.14.3 Sompo Japan Tourism Insurance Revenue, Gross Margin and Market Share (2018-2023)
11.14.4 Sompo Japan Main Business Overview
11.14.5 Sompo Japan Latest Developments
11.15 Pingan Baoxian
11.15.1 Pingan Baoxian Company Information
11.15.2 Pingan Baoxian Tourism Insurance Product Offered
11.15.3 Pingan Baoxian Tourism Insurance Revenue, Gross Margin and Market Share (2018-2023)
11.15.4 Pingan Baoxian Main Business Overview
11.15.5 Pingan Baoxian Latest Developments
11.16 STARR
11.16.1 STARR Company Information
11.16.2 STARR Tourism Insurance Product Offered
11.16.3 STARR Tourism Insurance Revenue, Gross Margin and Market Share (2018-2023)
11.16.4 STARR Main Business Overview
11.16.5 STARR Latest Developments
11.17 Insubuy
11.17.1 Insubuy Company Information
11.17.2 Insubuy Tourism Insurance Product Offered
11.17.3 Insubuy Tourism Insurance Revenue, Gross Margin and Market Share (2018-2023)
11.17.4 Insubuy Main Business Overview
11.17.5 Insubuy Latest Developments
12 Research Findings and Conclusion