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Travel Insurance Market Size 2025: Global Share, Industry And Report Analysis By 2031 |Singtel (Singapore Telecommunications Ltd.) Space Exploration Technologies Corp. Speedcast

01-08-2025 01:08 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: orion market research

Travel Insurance Market

Travel Insurance Market

Travel insurance market is anticipated to grow at a CAGR of 15.4% during the forecast period (2024-2031). The travel insurance market is expanding owing to factors like increasing global tourism. The COVID-19 pandemic has increased demand for travel insurance. Technological advancements and product innovation have made it easier for consumers to compare and purchase policies. Demographic changes and strategic partnerships among providers, agencies, and airlines also contribute to market growth.

Get Free Sample link @ https://www.omrglobal.com/request-sample/travel-insurance-market

Consumer awareness of travel insurance is increasing owing to global events and health crises, leading to more proactive planning and securing comprehensive coverage. For instance, in October 2022, India International Insurance launched i-Journey, a travel insurance policy for Singapore residents. The policy offers comprehensive coverage for terrorism, travel delays, child protection, baggage loss, personal money, and home contents. It also includes COVID-19 extended coverage, including medical expenses, repatriation, travel cancellations, quarantine allowances, and follow-up treatment. As travel borders open, Singapore residents are eager to travel, as many international borders require proof of sufficient travel insurance for visas or entry.

full report of Travel Insurance Market available @ https://www.omrglobal.com/industry-reports/travel-insurance-market

• Market Coverage
• Market number available for - 2025-2031
• Base year- 2025
• Forecast period- 2025-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global Travel Insurance Market Report Segment
By Type
• Single-Trip Travel Insurance
• Annual Multi-Trip Travel Insurance

By Distribution Channel
• Insurance Companies
• Insurance Intermediaries
• Banks
• Insurance Brokers
• Other (Travel Agencies & Tour Operators, Retail Stores, and Specialty Travel Insurance Providers)

By End-User
• Senior Citizens
• Education Travelers
• Family Travelers
• Other (Business Travelers, and Expatriates and International Assignees)

Global Travel Insurance Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

The Report Covers
• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global travel insurance market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/travel-insurance-market

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

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