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Travel Insurance Market: Global Industry Outlook, Size (US$ 31.3 Billion), Share, Growth (CAGR of 14.4%), Top Companies Analysis, Industry Trends 2022-2027

12-08-2022 08:51 AM CET | Tourism, Cars, Traffic

Press release from: IMARC Group

Travel Insurance Market: Global Industry Outlook, Size (US$

According to IMARC Group's latest report, titled "๐“๐ซ๐š๐ฏ๐ž๐ฅ ๐ˆ๐ง๐ฌ๐ฎ๐ซ๐š๐ง๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐†๐ฅ๐จ๐›๐š๐ฅ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ, ๐’๐ก๐š๐ซ๐ž, ๐’๐ข๐ณ๐ž, ๐†๐ซ๐จ๐ฐ๐ญ๐ก, ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐š๐ง๐ ๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ•," the global travel insurance market size reached US$ 13.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 31.3 Billion by 2027, exhibiting a growth rate (CAGR) of 14.4% during 2022-2027.

๐˜๐ž๐š๐ซ ๐‚๐จ๐ง๐ฌ๐ข๐๐ž๐ซ๐ž๐ ๐ญ๐จ ๐„๐ฌ๐ญ๐ข๐ฆ๐š๐ญ๐ž ๐ญ๐ก๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ข๐ณ๐ž:

โ€ข Base Year of the Analysis: 2021
โ€ข Historical Period: 2016-2021
โ€ข Forecast Period: 2022-2027

๐“๐ซ๐š๐ฏ๐ž๐ฅ ๐ˆ๐ง๐ฌ๐ฎ๐ซ๐š๐ง๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

The rapidly increasing medical tourism and business travel activities across the globe are primarily driving the market growth. Apart from this, the rising incidences of luggage loss, medical emergencies, and trip cancellations have significantly facilitated the demand for travel insurance to reimburse the expenditures incurred, which, in turn, is supporting the travel insurance market growth. Additionally, governments of various countries have mandated attaching travel insurance documents while applying for a visa, which is acting as another major growth-inducing factor.โ€ฏโ€ฏBesides this, the availability of online travel booking options, the provision of discounted travel packages, and the large-scale incorporation of digital tools to offer personalized user experiences are propelling the market growth.

๐——๐—ผ๐˜„๐—ป๐—น๐—ผ๐—ฎ๐—ฑ ๐—ณ๐—ฟ๐—ฒ๐—ฒ ๐˜€๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—ฏ๐—ฟ๐—ผ๐—ฐ๐—ต๐˜‚๐—ฟ๐—ฒ: https://www.imarcgroup.com/travel-insurance-market/requestsample

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž ๐–๐ข๐ญ๐ก ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

The competitive landscape of the travel insurance market has been studied in the report with the detailed profiles of the key players operating in the market.

๐’๐จ๐ฆ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž๐ฌ๐ž ๐ค๐ž๐ฒ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž:

โ€ข Allianz SE
โ€ข American Express Company
โ€ข American International Group
โ€ข AXA SA
โ€ข Berkshire Hathaway Specialty Insurance Company
โ€ข Generali Group
โ€ข Insure & Go Insurance Services (Mapfre S.A.)
โ€ข Seven Corners Inc.
โ€ข Travel Insured International Inc. (Crum & Forster)
โ€ข USI Affinity (USI Insurance Services)
โ€ข Zurich Insurance Group AG

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

The report has segmented the global travel insurance market based on insurance type, coverage, distribution channel, end user and region.

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐ˆ๐ง๐ฌ๐ฎ๐ซ๐š๐ง๐œ๐ž ๐“๐ฒ๐ฉ๐ž:

โ€ข Single-Trip Travel Insurance
โ€ข Annual Multi-Trip Insurance
โ€ข Long-Stay Travel Insurance

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐‚๐จ๐ฏ๐ž๐ซ๐š๐ ๐ž:

โ€ข Medical Expenses
โ€ข Trip Cancellation
โ€ข Trip Delay
โ€ข Property Damage
โ€ข Others

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐ƒ๐ข๐ฌ๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ:

โ€ข Insurance Intermediaries
โ€ข Banks
โ€ข Insurance Companies
โ€ข Insurance Aggregators
โ€ข Insurance Brokers
โ€ข Others

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐„๐ง๐ ๐”๐ฌ๐ž๐ซ:

โ€ข Senior Citizens
โ€ข Education Travelers
โ€ข Business Travelers
โ€ข Family Travelers
โ€ข Others

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐‘๐ž๐ ๐ข๐จ๐ง:

โ€ข North America
โ€ข Asia Pacific
โ€ข Europe
โ€ข Latin America
โ€ข Middle East and Africa

๐€๐ฌ๐ค ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐Ÿ๐ŸŽ% ๐…๐ซ๐ž๐ž ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/request?type=report&id=2432&flag=C

Note: We are updating our reports, if you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

๐Š๐ž๐ฒ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:

โ€ข Market Performance (2016-2021)
โ€ข Market Outlook (2022-2027)
โ€ข Market Trends
โ€ข Market Drivers and Success Factors
โ€ข Impact of COVID-19
โ€ข Value Chain Analysis
โ€ข Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐’:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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