According to IMARC Group’s latest report, titled “Travel Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global travel insurance market size reached US$ 15.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 33.7 Billion by 2028, exhibiting a growth rate (CAGR) of 12.6% during 2023-2028.
Report Highlights:
How big is the global travel insurance market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 15.9 Billion |
| Market Forecast in 2028 | US$ 33.7 Billion |
| Growth rate (2023 to 2028) | CAGR of 12.6% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is Travel Insurance?
Travel insurance is a type of insurance that provides coverage for unexpected events that may occur during a trip. It is designed to protect travelers from financial losses that may arise due to cancellation of the trip, medical emergencies, accidents, lost or stolen luggage, and other travel-related problems. Travel insurance can be purchased for both domestic and international travel and is available in various types, such as single-trip insurance, annual multi-trip insurance, and specialty travel insurance.
Request a Free PDF Sample of the Report: https://www.imarcgroup.com/travel-insurance-market/requestsample
What are the growth prospects and trends in the travel insurance industry?
Other Post You May Be Interested In
- müşteri gizliliğinizi kullanarak nasıl koruyorsunuz?
- Web Hosting: The Foundation of Your Website
- Robot Waiters in Restaurants: The Future of Dining
- Can You Live in a House During Probate?
- Can You Live in a House During Probate?
- Can You Live in a House During Probate?
- Know 6 Facts About the Nutritional Benefits of Eating Salmon
- EMI Shielding Market Report, Global Size, Demand, Opportunity and Competitive Landscape 2023-2028
- Seven Trendy Methods To improve On $255 Payday Loans Online Same Day
- How to make money online with facebook
- 4 Practical Techniques to turn Same Day Online Payday Loans Into a Sales Machine
- Top 8 Product Roadmap Tools for Agile Teams
- Can You Live in a House During Probate?
- Design Your Dream Website with Wix in 6 Simple Steps
- Elevate Your Instagram Marketing Strategy: Harness the Power of Embedding Instagram Feeds
- Romantic Wedding Gift Ideas For Couples You Must Order
- The Importance of Choosing the Right Real Estate Agent in Toronto
- Becoming a Laravel Eloquent Ninja:Tips and Tricks You Should Learn
- Application Delivery Controller Market 2023 | Industry Share, Growth, Size, Trends and Forecast 2028
- Off-The-Road Tire Market 2023 | Industry Trends, Analysis, Share, Size, Growth and Forecast 2028
- Plastic Surgery Instruments Market 2023 | Industry Share, Size, Trends, Analysis and Forecast 2028
- How to Choose the Right Data Science Course for Your Skill Level and Learning Style
- Probiotic Dietary Supplement Market 2023 | Industry Size, Growth, Trends and Forecast 2028
- Quality, Style & Function – Find The Ideal Table Now!
- Hemodialysis Market 2023 | Industry Share, Size, Analysis and Forecast 2028
- Radar System Market 2023 | Industry Size, Share, Trends, Analysis and Forecast 2028
- Dynamics 365
- Email Encryption Market 2023 | Industry Size, Share, Trends, Growth and Forecast 2028
- Protein Ingredients Market 2023 | Industry Analysis, Trends, Size, Growth and Forecast 2028
- Metabolomics Market 2023 | Industry Trends, Size, Growth and Forecast 2028
- Artificial Intelligence in Healthcare Market 2023 | Industry Size, Share, Growth and Forecast 2028
- What exactly is an MBBS Degree?
- Dyes and Pigments Market 2023 | Industry Size, Share, Growth and Forecast 2028
- Nanosatellite and Microsatellite Market 2023 | Industry Growth, Size, Share and Forecast 2028
- What Is The Uric Acid’s Normal Level
- Storage Container For Sale
- 7 Reasons to Opt for Digital Marketing Services for Website Ranking
- What to Do with Utilities When House is Vacant
- The Benefits of Using a Translation Office in JLT
- What Should I Expect During A Periodontal Treatment?
- What is the scope of the Job in Delhi for Freshers?
- What Are The Common Symptoms Of Dehydration?
- Linux Dedicated Server: A Powerful Hosting Solution for Your Business
- The benefits of acupressure for your health and well-being.
- Why Is SEO Important In Website Development?
- “California’s Best Waterparks: A Guide to Fun in the Sun”
- Amazing Benefits of Wearing Panna Stone
- What Sets Fitbit Versa 3 Apart from Fitbit Sense?
- Do I need an MBBS to become an anaesthetist?
- Local SEO Chicago: The Ultimate Guide to Local SEO in Chicago
- Gas Safe Plumber in Kent: Why You Need One and How to Find the Best
- Buy Instagram Followers 100% Genuine and Cheap
- The Benefits Of A Dry Cleaner Service
- Which Type of ERP Software Is Best for Your Business in Sydney?
- How is auto glass in Tulsa made?
- Everything you should know about Aloe vera gel! – Dr Geetika
- Join PBX Revolution: Time To Ditch The Traditional Phone System
- Easy & Cute Twinning Wavy Hairstyle Ideas For Mother-Daughter Duo
- Cooking Range: Everything You Need to Know
- The Importance of Scheduling an X-ray: Your Guide to a Smooth and Safe Experience
- How Relevant Are Herbal Pharmaceutical Companies?
- Why Choose Magento for Your Online Store? Surprising Benefits You Need to Know
- #1 Ico Launch Platform 100% Safe Ico Token Sales
- Navigating the Education System with Educational Consultants in Lahore
The increasing number of both domestic and international travelers represents a significant factor driving the market growth across the globe. In addition to this, the rising awareness regarding the benefits of travel insurance, including cancellations, medical emergencies, luggage benefits, and other travel-related issues, is contributing to the growth of the market. The market is also driven by the rise in online travel booking platforms, which offer travel insurance as an option during the booking process, thus making it easier for travelers to purchase insurance. Other factors, including the easy availability of customized travel insurance products, the increasing focus on customer satisfaction, and the widespread adoption of innovative technologies, such as artificial intelligence (AI) and machine learning (ML), are creating a positive outlook for the market.
Competitive Landscape With Key Players:
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.
Some of these key players include:
- Allianz SE
- American Express Company
- American International Group
- AXA SA
- Berkshire Hathaway Specialty Insurance Company
- Generali Group
- Insure & Go Insurance Services (Mapfre S.A.)
- Seven Corners Inc.
- Travel Insured International Inc. (Crum & Forster)
- USI Affinity (USI Insurance Services)
- Zurich Insurance Group AG
Key Market Segmentation:
The report has segmented the global travel insurance market based on insurance type, coverage, distribution channel, end user and region.
Breakup by Insurance Type:
- Single-Trip Travel Insurance
- Annual Multi-Trip Insurance
- Long-Stay Travel Insurance
Breakup by Coverage:
- Medical Expenses
- Trip Cancellation
- Trip Delay
- Property Damage
- Others
Breakup by Distribution Channel:
- Insurance Intermediaries
- Banks
- Insurance Companies
- Insurance Aggregators
- Insurance Brokers
- Others
Breakup by End User:
- Senior Citizens
- Education Travelers
- Business Travelers
- Family Travelers
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://bit.ly/3V5uaTP
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- 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.
About Us
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.
Contact Us:
IMARC Group
134 N 4th St
Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
