Press release
Tourism Insurance Market Outlook 2021: Global Industry Share and Forecast by 2030
Travel coverage offers insurance for associated dangers, including harm or death, lack of luggage, delays, and even traveling. The charges range in keeping with the plans and coverages, including journey cancellation, lack of luggage & journey documents, scientific expenses, emergency scientific evacuations, and others. Further, an extensive boom in tourism, modern technologies, improvement in journey rules & regulations, and others are a number of the rewarding elements that improve the marketplace growth.
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Based on End Users, the market is segmented into Family Travelers, Education Travelers, Business Travelers, and Others. Family travelers continue to dominate the industry, while business travelers are the fastest-growing category during the projection period, Due to the expansion of foreign trade, the increase of foreign business, and the increase in business travel expenses. The growth of the tourism industry is the main driving force for expanding the global travel insurance industry.
Global Tourism Insurance Market Segmentation:
Global Tourism Insurance Market, by Insurance Cover
Single-Trip Travel Insurance
Annual Multi-Trip Travel Insurance
Long-Stay Travel Insurance
Global Tourism Insurance Market, by Distribution Channel
Insurance Intermediaries
Insurance Companies
Banks
Insurance Brokers
Insurance Aggregators
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Global Tourism Insurance Market, by End-User
Senior Citizens
Education Travelers
Business Travelers
Family Travelers
Others
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Based on the region, the Global Tourism Insurance printing market has been segmented into five geographical regions, namely, North America, Asia Pacific, Europe, South America, and the Middle East and Africa. In 2020, Asia Pacific held the largest share in the global Tourism Insurance market, followed by North America.
Global Tourism Insurance Market, by region
North America
US
Canada
Mexico
Europe
Germany
Italy
France
UK
Spain
Poland
Russia
Slovenia
Slovakia
The Netherlands
Belgium
Norway
Denmark
Czech Republic
Sweden
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Indonesia
Malaysia
Thailand
Vietnam
The Philippines
Singapore
Australia & New Zealand
Rest of Asia Pacific
South America
Brazil
Argentina
Colombia
Rest of Latin America
The Middle East & Africa
Saudi Arabia
UAE
South Africa
Northern Africa
Rest of MEA
Major market players covered in the Global Tourism Insurance Market:
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
Zurich Insurance Co. Limited.
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