Global Travel Insurance Market 2023 by Company, Regions, Type and Application, Forecast to 2029

Global Travel Insurance Market 2023 by Company, Regions, Type and Application, Forecast to 2029

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Published Date: 18 Mar 2023

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  • sp_icon1 sp_icon1_b Description
  • sp_icon2 sp_icon2_b Table of Contents
  • sp_icon3 sp_icon3_b Table of Figures
  • sp_icon4 sp_icon4_b Research Methodology
  • sp_icon1 sp_icon1_b Related Reports
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Description

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:
According to our (Global Info Research) latest study, the global Travel Insurance market size was valued at USD 21430 million in 2022 and is forecast to a readjusted size of USD 32700 million by 2029 with a CAGR of 6.2% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The main global Travel Insurance players include Allianz, Munich Re Group, AIG, etc. The top three Travel Insurance players account for approximately 30% of the total global market. Asia-Pacific is the largest consumer market for Travel Insurance, accounting for about 26%, followed by Europe and North America. In terms of product, Trip Cancellation is the largest segment, with a share about 45%. And in terms of application, the largest application is Family Traveler, followed by Business Traveler.

This report is a detailed and comprehensive analysis for global Travel Insurance market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

Key Features:
Global Travel Insurance market size and forecasts, in consumption value ($ Million), 2018-2029
Global Travel Insurance market size and forecasts by region and country, in consumption value ($ Million), 2018-2029
Global Travel Insurance market size and forecasts, by Type and by Application, in consumption value ($ Million), 2018-2029
Global Travel Insurance market shares of main players, in revenue ($ Million), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Travel Insurance
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Travel Insurance market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Allianz, Munich Re Group, AIG, Assicurazioni Generali and Prudential, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Market segmentation
Travel Insurance market is split by Type and by Application. For the period 2018-2029, the growth among segments provide accurate calculations and forecasts for consumption value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Trip Cancellation
Trip Delay
Medical Expense
Property Damage
Other

Market segment by Application
Family Traveler
Senior Citizens
Business Traveler
Other

Market segment by players, this report covers
Allianz
Munich Re Group
AIG
Assicurazioni Generali
Prudential
ACE&Chubb
Manulife
UnitedHealthcare Global
Mapfre
AXA
Tokio Marine Holdings
China Pacific insurance
Hanse Merkur
Ping An Insurance (Group) Company of China
People's insurance company of China
China Life
Sompo Japan Nipponkoa

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Travel Insurance product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Travel Insurance, with revenue, gross margin and global market share of Travel Insurance from 2018 to 2023.
Chapter 3, the Travel Insurance competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and Travel Insurance market forecast, by regions, type and application, with consumption value, from 2024 to 2029.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War
Chapter 12, the key raw materials and key suppliers, and industry chain of Travel Insurance.
Chapter 13, to describe Travel Insurance research findings and conclusion.
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Table of Contents

1 Market Overview
1.1 Product Overview and Scope of Travel Insurance
1.2 Market Estimation Caveats and Base Year
1.3 Classification of Travel Insurance by Type
1.3.1 Overview: Global Travel Insurance Market Size by Type: 2018 Versus 2022 Versus 2029
1.3.2 Global Travel Insurance Consumption Value Market Share by Type in 2022
1.3.3 Trip Cancellation
1.3.4 Trip Delay
1.3.5 Medical Expense
1.3.6 Property Damage
1.3.7 Other
1.4 Global Travel Insurance Market by Application
1.4.1 Overview: Global Travel Insurance Market Size by Application: 2018 Versus 2022 Versus 2029
1.4.2 Family Traveler
1.4.3 Senior Citizens
1.4.4 Business Traveler
1.4.5 Other
1.5 Global Travel Insurance Market Size & Forecast
1.6 Global Travel Insurance Market Size and Forecast by Region
1.6.1 Global Travel Insurance Market Size by Region: 2018 VS 2022 VS 2029
1.6.2 Global Travel Insurance Market Size by Region, (2018-2029)
1.6.3 North America Travel Insurance Market Size and Prospect (2018-2029)
1.6.4 Europe Travel Insurance Market Size and Prospect (2018-2029)
1.6.5 Asia-Pacific Travel Insurance Market Size and Prospect (2018-2029)
1.6.6 South America Travel Insurance Market Size and Prospect (2018-2029)
1.6.7 Middle East and Africa Travel Insurance Market Size and Prospect (2018-2029)

2 Company Profiles
2.1 Allianz
2.1.1 Allianz Details
2.1.2 Allianz Major Business
2.1.3 Allianz Travel Insurance Product and Solutions
2.1.4 Allianz Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.1.5 Allianz Recent Developments and Future Plans
2.2 Munich Re Group
2.2.1 Munich Re Group Details
2.2.2 Munich Re Group Major Business
2.2.3 Munich Re Group Travel Insurance Product and Solutions
2.2.4 Munich Re Group Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.2.5 Munich Re Group Recent Developments and Future Plans
2.3 AIG
2.3.1 AIG Details
2.3.2 AIG Major Business
2.3.3 AIG Travel Insurance Product and Solutions
2.3.4 AIG Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.3.5 AIG Recent Developments and Future Plans
2.4 Assicurazioni Generali
2.4.1 Assicurazioni Generali Details
2.4.2 Assicurazioni Generali Major Business
2.4.3 Assicurazioni Generali Travel Insurance Product and Solutions
2.4.4 Assicurazioni Generali Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.4.5 Assicurazioni Generali Recent Developments and Future Plans
2.5 Prudential
2.5.1 Prudential Details
2.5.2 Prudential Major Business
2.5.3 Prudential Travel Insurance Product and Solutions
2.5.4 Prudential Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.5.5 Prudential Recent Developments and Future Plans
2.6 ACE&Chubb
2.6.1 ACE&Chubb Details
2.6.2 ACE&Chubb Major Business
2.6.3 ACE&Chubb Travel Insurance Product and Solutions
2.6.4 ACE&Chubb Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.6.5 ACE&Chubb Recent Developments and Future Plans
2.7 Manulife
2.7.1 Manulife Details
2.7.2 Manulife Major Business
2.7.3 Manulife Travel Insurance Product and Solutions
2.7.4 Manulife Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.7.5 Manulife Recent Developments and Future Plans
2.8 UnitedHealthcare Global
2.8.1 UnitedHealthcare Global Details
2.8.2 UnitedHealthcare Global Major Business
2.8.3 UnitedHealthcare Global Travel Insurance Product and Solutions
2.8.4 UnitedHealthcare Global Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.8.5 UnitedHealthcare Global Recent Developments and Future Plans
2.9 Mapfre
2.9.1 Mapfre Details
2.9.2 Mapfre Major Business
2.9.3 Mapfre Travel Insurance Product and Solutions
2.9.4 Mapfre Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.9.5 Mapfre Recent Developments and Future Plans
2.10 AXA
2.10.1 AXA Details
2.10.2 AXA Major Business
2.10.3 AXA Travel Insurance Product and Solutions
2.10.4 AXA Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.10.5 AXA Recent Developments and Future Plans
2.11 Tokio Marine Holdings
2.11.1 Tokio Marine Holdings Details
2.11.2 Tokio Marine Holdings Major Business
2.11.3 Tokio Marine Holdings Travel Insurance Product and Solutions
2.11.4 Tokio Marine Holdings Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.11.5 Tokio Marine Holdings Recent Developments and Future Plans
2.12 China Pacific insurance
2.12.1 China Pacific insurance Details
2.12.2 China Pacific insurance Major Business
2.12.3 China Pacific insurance Travel Insurance Product and Solutions
2.12.4 China Pacific insurance Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.12.5 China Pacific insurance Recent Developments and Future Plans
2.13 Hanse Merkur
2.13.1 Hanse Merkur Details
2.13.2 Hanse Merkur Major Business
2.13.3 Hanse Merkur Travel Insurance Product and Solutions
2.13.4 Hanse Merkur Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.13.5 Hanse Merkur Recent Developments and Future Plans
2.14 Ping An Insurance (Group) Company of China
2.14.1 Ping An Insurance (Group) Company of China Details
2.14.2 Ping An Insurance (Group) Company of China Major Business
2.14.3 Ping An Insurance (Group) Company of China Travel Insurance Product and Solutions
2.14.4 Ping An Insurance (Group) Company of China Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.14.5 Ping An Insurance (Group) Company of China Recent Developments and Future Plans
2.15 People's insurance company of China
2.15.1 People's insurance company of China Details
2.15.2 People's insurance company of China Major Business
2.15.3 People's insurance company of China Travel Insurance Product and Solutions
2.15.4 People's insurance company of China Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.15.5 People's insurance company of China Recent Developments and Future Plans
2.16 China Life
2.16.1 China Life Details
2.16.2 China Life Major Business
2.16.3 China Life Travel Insurance Product and Solutions
2.16.4 China Life Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.16.5 China Life Recent Developments and Future Plans
2.17 Sompo Japan Nipponkoa
2.17.1 Sompo Japan Nipponkoa Details
2.17.2 Sompo Japan Nipponkoa Major Business
2.17.3 Sompo Japan Nipponkoa Travel Insurance Product and Solutions
2.17.4 Sompo Japan Nipponkoa Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.17.5 Sompo Japan Nipponkoa Recent Developments and Future Plans

3 Market Competition, by Players
3.1 Global Travel Insurance Revenue and Share by Players (2018-2023)
3.2 Market Share Analysis (2022)
3.2.1 Market Share of Travel Insurance by Company Revenue
3.2.2 Top 3 Travel Insurance Players Market Share in 2022
3.2.3 Top 6 Travel Insurance Players Market Share in 2022
3.3 Travel Insurance Market: Overall Company Footprint Analysis
3.3.1 Travel Insurance Market: Region Footprint
3.3.2 Travel Insurance Market: Company Product Type Footprint
3.3.3 Travel Insurance Market: Company Product Application Footprint
3.4 New Market Entrants and Barriers to Market Entry
3.5 Mergers, Acquisition, Agreements, and Collaborations

4 Market Size Segment by Type
4.1 Global Travel Insurance Consumption Value and Market Share by Type (2018-2023)
4.2 Global Travel Insurance Market Forecast by Type (2024-2029)

5 Market Size Segment by Application
5.1 Global Travel Insurance Consumption Value Market Share by Application (2018-2023)
5.2 Global Travel Insurance Market Forecast by Application (2024-2029)

6 North America
6.1 North America Travel Insurance Consumption Value by Type (2018-2029)
6.2 North America Travel Insurance Consumption Value by Application (2018-2029)
6.3 North America Travel Insurance Market Size by Country
6.3.1 North America Travel Insurance Consumption Value by Country (2018-2029)
6.3.2 United States Travel Insurance Market Size and Forecast (2018-2029)
6.3.3 Canada Travel Insurance Market Size and Forecast (2018-2029)
6.3.4 Mexico Travel Insurance Market Size and Forecast (2018-2029)

7 Europe
7.1 Europe Travel Insurance Consumption Value by Type (2018-2029)
7.2 Europe Travel Insurance Consumption Value by Application (2018-2029)
7.3 Europe Travel Insurance Market Size by Country
7.3.1 Europe Travel Insurance Consumption Value by Country (2018-2029)
7.3.2 Germany Travel Insurance Market Size and Forecast (2018-2029)
7.3.3 France Travel Insurance Market Size and Forecast (2018-2029)
7.3.4 United Kingdom Travel Insurance Market Size and Forecast (2018-2029)
7.3.5 Russia Travel Insurance Market Size and Forecast (2018-2029)
7.3.6 Italy Travel Insurance Market Size and Forecast (2018-2029)

8 Asia-Pacific
8.1 Asia-Pacific Travel Insurance Consumption Value by Type (2018-2029)
8.2 Asia-Pacific Travel Insurance Consumption Value by Application (2018-2029)
8.3 Asia-Pacific Travel Insurance Market Size by Region
8.3.1 Asia-Pacific Travel Insurance Consumption Value by Region (2018-2029)
8.3.2 China Travel Insurance Market Size and Forecast (2018-2029)
8.3.3 Japan Travel Insurance Market Size and Forecast (2018-2029)
8.3.4 South Korea Travel Insurance Market Size and Forecast (2018-2029)
8.3.5 India Travel Insurance Market Size and Forecast (2018-2029)
8.3.6 Southeast Asia Travel Insurance Market Size and Forecast (2018-2029)
8.3.7 Australia Travel Insurance Market Size and Forecast (2018-2029)

9 South America
9.1 South America Travel Insurance Consumption Value by Type (2018-2029)
9.2 South America Travel Insurance Consumption Value by Application (2018-2029)
9.3 South America Travel Insurance Market Size by Country
9.3.1 South America Travel Insurance Consumption Value by Country (2018-2029)
9.3.2 Brazil Travel Insurance Market Size and Forecast (2018-2029)
9.3.3 Argentina Travel Insurance Market Size and Forecast (2018-2029)

10 Middle East & Africa
10.1 Middle East & Africa Travel Insurance Consumption Value by Type (2018-2029)
10.2 Middle East & Africa Travel Insurance Consumption Value by Application (2018-2029)
10.3 Middle East & Africa Travel Insurance Market Size by Country
10.3.1 Middle East & Africa Travel Insurance Consumption Value by Country (2018-2029)
10.3.2 Turkey Travel Insurance Market Size and Forecast (2018-2029)
10.3.3 Saudi Arabia Travel Insurance Market Size and Forecast (2018-2029)
10.3.4 UAE Travel Insurance Market Size and Forecast (2018-2029)

11 Market Dynamics
11.1 Travel Insurance Market Drivers
11.2 Travel Insurance Market Restraints
11.3 Travel Insurance Trends Analysis
11.4 Porters Five Forces Analysis
11.4.1 Threat of New Entrants
11.4.2 Bargaining Power of Suppliers
11.4.3 Bargaining Power of Buyers
11.4.4 Threat of Substitutes
11.4.5 Competitive Rivalry
11.5 Influence of COVID-19 and Russia-Ukraine War
11.5.1 Influence of COVID-19
11.5.2 Influence of Russia-Ukraine War

12 Industry Chain Analysis
12.1 Travel Insurance Industry Chain
12.2 Travel Insurance Upstream Analysis
12.3 Travel Insurance Midstream Analysis
12.4 Travel Insurance Downstream Analysis

13 Research Findings and Conclusion

14 Appendix
14.1 Methodology
14.2 Research Process and Data Source
14.3 Disclaimer
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Table of Figures

List of Tables
Table 1. Global Travel Insurance Consumption Value by Type, (USD Million), 2018 & 2022 & 2029
Table 2. Global Travel Insurance Consumption Value by Application, (USD Million), 2018 & 2022 & 2029
Table 3. Global Travel Insurance Consumption Value by Region (2018-2023) & (USD Million)
Table 4. Global Travel Insurance Consumption Value by Region (2024-2029) & (USD Million)
Table 5. Allianz Company Information, Head Office, and Major Competitors
Table 6. Allianz Major Business
Table 7. Allianz Travel Insurance Product and Solutions
Table 8. Allianz Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 9. Allianz Recent Developments and Future Plans
Table 10. Munich Re Group Company Information, Head Office, and Major Competitors
Table 11. Munich Re Group Major Business
Table 12. Munich Re Group Travel Insurance Product and Solutions
Table 13. Munich Re Group Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 14. Munich Re Group Recent Developments and Future Plans
Table 15. AIG Company Information, Head Office, and Major Competitors
Table 16. AIG Major Business
Table 17. AIG Travel Insurance Product and Solutions
Table 18. AIG Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 19. AIG Recent Developments and Future Plans
Table 20. Assicurazioni Generali Company Information, Head Office, and Major Competitors
Table 21. Assicurazioni Generali Major Business
Table 22. Assicurazioni Generali Travel Insurance Product and Solutions
Table 23. Assicurazioni Generali Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 24. Assicurazioni Generali Recent Developments and Future Plans
Table 25. Prudential Company Information, Head Office, and Major Competitors
Table 26. Prudential Major Business
Table 27. Prudential Travel Insurance Product and Solutions
Table 28. Prudential Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 29. Prudential Recent Developments and Future Plans
Table 30. ACE&Chubb Company Information, Head Office, and Major Competitors
Table 31. ACE&Chubb Major Business
Table 32. ACE&Chubb Travel Insurance Product and Solutions
Table 33. ACE&Chubb Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 34. ACE&Chubb Recent Developments and Future Plans
Table 35. Manulife Company Information, Head Office, and Major Competitors
Table 36. Manulife Major Business
Table 37. Manulife Travel Insurance Product and Solutions
Table 38. Manulife Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 39. Manulife Recent Developments and Future Plans
Table 40. UnitedHealthcare Global Company Information, Head Office, and Major Competitors
Table 41. UnitedHealthcare Global Major Business
Table 42. UnitedHealthcare Global Travel Insurance Product and Solutions
Table 43. UnitedHealthcare Global Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 44. UnitedHealthcare Global Recent Developments and Future Plans
Table 45. Mapfre Company Information, Head Office, and Major Competitors
Table 46. Mapfre Major Business
Table 47. Mapfre Travel Insurance Product and Solutions
Table 48. Mapfre Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 49. Mapfre Recent Developments and Future Plans
Table 50. AXA Company Information, Head Office, and Major Competitors
Table 51. AXA Major Business
Table 52. AXA Travel Insurance Product and Solutions
Table 53. AXA Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 54. AXA Recent Developments and Future Plans
Table 55. Tokio Marine Holdings Company Information, Head Office, and Major Competitors
Table 56. Tokio Marine Holdings Major Business
Table 57. Tokio Marine Holdings Travel Insurance Product and Solutions
Table 58. Tokio Marine Holdings Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 59. Tokio Marine Holdings Recent Developments and Future Plans
Table 60. China Pacific insurance Company Information, Head Office, and Major Competitors
Table 61. China Pacific insurance Major Business
Table 62. China Pacific insurance Travel Insurance Product and Solutions
Table 63. China Pacific insurance Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 64. China Pacific insurance Recent Developments and Future Plans
Table 65. Hanse Merkur Company Information, Head Office, and Major Competitors
Table 66. Hanse Merkur Major Business
Table 67. Hanse Merkur Travel Insurance Product and Solutions
Table 68. Hanse Merkur Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 69. Hanse Merkur Recent Developments and Future Plans
Table 70. Ping An Insurance (Group) Company of China Company Information, Head Office, and Major Competitors
Table 71. Ping An Insurance (Group) Company of China Major Business
Table 72. Ping An Insurance (Group) Company of China Travel Insurance Product and Solutions
Table 73. Ping An Insurance (Group) Company of China Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 74. Ping An Insurance (Group) Company of China Recent Developments and Future Plans
Table 75. People's insurance company of China Company Information, Head Office, and Major Competitors
Table 76. People's insurance company of China Major Business
Table 77. People's insurance company of China Travel Insurance Product and Solutions
Table 78. People's insurance company of China Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 79. People's insurance company of China Recent Developments and Future Plans
Table 80. China Life Company Information, Head Office, and Major Competitors
Table 81. China Life Major Business
Table 82. China Life Travel Insurance Product and Solutions
Table 83. China Life Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 84. China Life Recent Developments and Future Plans
Table 85. Sompo Japan Nipponkoa Company Information, Head Office, and Major Competitors
Table 86. Sompo Japan Nipponkoa Major Business
Table 87. Sompo Japan Nipponkoa Travel Insurance Product and Solutions
Table 88. Sompo Japan Nipponkoa Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 89. Sompo Japan Nipponkoa Recent Developments and Future Plans
Table 90. Global Travel Insurance Revenue (USD Million) by Players (2018-2023)
Table 91. Global Travel Insurance Revenue Share by Players (2018-2023)
Table 92. Breakdown of Travel Insurance by Company Type (Tier 1, Tier 2, and Tier 3)
Table 93. Market Position of Players in Travel Insurance, (Tier 1, Tier 2, and Tier 3), Based on Revenue in 2022
Table 94. Head Office of Key Travel Insurance Players
Table 95. Travel Insurance Market: Company Product Type Footprint
Table 96. Travel Insurance Market: Company Product Application Footprint
Table 97. Travel Insurance New Market Entrants and Barriers to Market Entry
Table 98. Travel Insurance Mergers, Acquisition, Agreements, and Collaborations
Table 99. Global Travel Insurance Consumption Value (USD Million) by Type (2018-2023)
Table 100. Global Travel Insurance Consumption Value Share by Type (2018-2023)
Table 101. Global Travel Insurance Consumption Value Forecast by Type (2024-2029)
Table 102. Global Travel Insurance Consumption Value by Application (2018-2023)
Table 103. Global Travel Insurance Consumption Value Forecast by Application (2024-2029)
Table 104. North America Travel Insurance Consumption Value by Type (2018-2023) & (USD Million)
Table 105. North America Travel Insurance Consumption Value by Type (2024-2029) & (USD Million)
Table 106. North America Travel Insurance Consumption Value by Application (2018-2023) & (USD Million)
Table 107. North America Travel Insurance Consumption Value by Application (2024-2029) & (USD Million)
Table 108. North America Travel Insurance Consumption Value by Country (2018-2023) & (USD Million)
Table 109. North America Travel Insurance Consumption Value by Country (2024-2029) & (USD Million)
Table 110. Europe Travel Insurance Consumption Value by Type (2018-2023) & (USD Million)
Table 111. Europe Travel Insurance Consumption Value by Type (2024-2029) & (USD Million)
Table 112. Europe Travel Insurance Consumption Value by Application (2018-2023) & (USD Million)
Table 113. Europe Travel Insurance Consumption Value by Application (2024-2029) & (USD Million)
Table 114. Europe Travel Insurance Consumption Value by Country (2018-2023) & (USD Million)
Table 115. Europe Travel Insurance Consumption Value by Country (2024-2029) & (USD Million)
Table 116. Asia-Pacific Travel Insurance Consumption Value by Type (2018-2023) & (USD Million)
Table 117. Asia-Pacific Travel Insurance Consumption Value by Type (2024-2029) & (USD Million)
Table 118. Asia-Pacific Travel Insurance Consumption Value by Application (2018-2023) & (USD Million)
Table 119. Asia-Pacific Travel Insurance Consumption Value by Application (2024-2029) & (USD Million)
Table 120. Asia-Pacific Travel Insurance Consumption Value by Region (2018-2023) & (USD Million)
Table 121. Asia-Pacific Travel Insurance Consumption Value by Region (2024-2029) & (USD Million)
Table 122. South America Travel Insurance Consumption Value by Type (2018-2023) & (USD Million)
Table 123. South America Travel Insurance Consumption Value by Type (2024-2029) & (USD Million)
Table 124. South America Travel Insurance Consumption Value by Application (2018-2023) & (USD Million)
Table 125. South America Travel Insurance Consumption Value by Application (2024-2029) & (USD Million)
Table 126. South America Travel Insurance Consumption Value by Country (2018-2023) & (USD Million)
Table 127. South America Travel Insurance Consumption Value by Country (2024-2029) & (USD Million)
Table 128. Middle East & Africa Travel Insurance Consumption Value by Type (2018-2023) & (USD Million)
Table 129. Middle East & Africa Travel Insurance Consumption Value by Type (2024-2029) & (USD Million)
Table 130. Middle East & Africa Travel Insurance Consumption Value by Application (2018-2023) & (USD Million)
Table 131. Middle East & Africa Travel Insurance Consumption Value by Application (2024-2029) & (USD Million)
Table 132. Middle East & Africa Travel Insurance Consumption Value by Country (2018-2023) & (USD Million)
Table 133. Middle East & Africa Travel Insurance Consumption Value by Country (2024-2029) & (USD Million)
Table 134. Travel Insurance Raw Material
Table 135. Key Suppliers of Travel Insurance Raw Materials
List of Figures
Figure 1. Travel Insurance Picture
Figure 2. Global Travel Insurance Consumption Value by Type, (USD Million), 2018 & 2022 & 2029
Figure 3. Global Travel Insurance Consumption Value Market Share by Type in 2022
Figure 4. Trip Cancellation
Figure 5. Trip Delay
Figure 6. Medical Expense
Figure 7. Property Damage
Figure 8. Other
Figure 9. Global Travel Insurance Consumption Value by Type, (USD Million), 2018 & 2022 & 2029
Figure 10. Travel Insurance Consumption Value Market Share by Application in 2022
Figure 11. Family Traveler Picture
Figure 12. Senior Citizens Picture
Figure 13. Business Traveler Picture
Figure 14. Other Picture
Figure 15. Global Travel Insurance Consumption Value, (USD Million): 2018 & 2022 & 2029
Figure 16. Global Travel Insurance Consumption Value and Forecast (2018-2029) & (USD Million)
Figure 17. Global Market Travel Insurance Consumption Value (USD Million) Comparison by Region (2018 & 2022 & 2029)
Figure 18. Global Travel Insurance Consumption Value Market Share by Region (2018-2029)
Figure 19. Global Travel Insurance Consumption Value Market Share by Region in 2022
Figure 20. North America Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 21. Europe Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 22. Asia-Pacific Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 23. South America Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 24. Middle East and Africa Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 25. Global Travel Insurance Revenue Share by Players in 2022
Figure 26. Travel Insurance Market Share by Company Type (Tier 1, Tier 2 and Tier 3) in 2022
Figure 27. Global Top 3 Players Travel Insurance Market Share in 2022
Figure 28. Global Top 6 Players Travel Insurance Market Share in 2022
Figure 29. Global Travel Insurance Consumption Value Share by Type (2018-2023)
Figure 30. Global Travel Insurance Market Share Forecast by Type (2024-2029)
Figure 31. Global Travel Insurance Consumption Value Share by Application (2018-2023)
Figure 32. Global Travel Insurance Market Share Forecast by Application (2024-2029)
Figure 33. North America Travel Insurance Consumption Value Market Share by Type (2018-2029)
Figure 34. North America Travel Insurance Consumption Value Market Share by Application (2018-2029)
Figure 35. North America Travel Insurance Consumption Value Market Share by Country (2018-2029)
Figure 36. United States Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 37. Canada Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 38. Mexico Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 39. Europe Travel Insurance Consumption Value Market Share by Type (2018-2029)
Figure 40. Europe Travel Insurance Consumption Value Market Share by Application (2018-2029)
Figure 41. Europe Travel Insurance Consumption Value Market Share by Country (2018-2029)
Figure 42. Germany Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 43. France Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 44. United Kingdom Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 45. Russia Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 46. Italy Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 47. Asia-Pacific Travel Insurance Consumption Value Market Share by Type (2018-2029)
Figure 48. Asia-Pacific Travel Insurance Consumption Value Market Share by Application (2018-2029)
Figure 49. Asia-Pacific Travel Insurance Consumption Value Market Share by Region (2018-2029)
Figure 50. China Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 51. Japan Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 52. South Korea Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 53. India Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 54. Southeast Asia Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 55. Australia Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 56. South America Travel Insurance Consumption Value Market Share by Type (2018-2029)
Figure 57. South America Travel Insurance Consumption Value Market Share by Application (2018-2029)
Figure 58. South America Travel Insurance Consumption Value Market Share by Country (2018-2029)
Figure 59. Brazil Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 60. Argentina Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 61. Middle East and Africa Travel Insurance Consumption Value Market Share by Type (2018-2029)
Figure 62. Middle East and Africa Travel Insurance Consumption Value Market Share by Application (2018-2029)
Figure 63. Middle East and Africa Travel Insurance Consumption Value Market Share by Country (2018-2029)
Figure 64. Turkey Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 65. Saudi Arabia Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 66. UAE Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 67. Travel Insurance Market Drivers
Figure 68. Travel Insurance Market Restraints
Figure 69. Travel Insurance Market Trends
Figure 70. Porters Five Forces Analysis
Figure 71. Manufacturing Cost Structure Analysis of Travel Insurance in 2022
Figure 72. Manufacturing Process Analysis of Travel Insurance
Figure 73. Travel Insurance Industrial Chain
Figure 74. Methodology
Figure 75. Research Process and Data Source
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Research Methodology

Client Requirements

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Review and analyze client requirements

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Discussion of all the project requirements and queries

Flexibility Check

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Project Feasibility Analysis

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Finalizing tentative research programme

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Structuring project proposal with scope, timeline, and costs

Analyzing Market Dynamics

yuan2

Determination of key drivers, restraints, challenge, and opportunity

yuan2

Identifies market needs and trends

Market Size Estimation & Forecast

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Estimation of historical data based on secondary and primary data

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Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)

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Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies

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Consideration of geography, region-specific product/service demand for region segments

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Consideration of product utilization rates, product demand outlook for segments by application or end-user.

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Data Source

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Secondary Source
Data collections from annual reports, presentations,associations, journals, analyst reports, paid database, press releases, blogs, newsletters,and GIR repositories.

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Primary Source
Research discussion with manufacturers, distributors, suppliers, end user, industry experts to verify insights.

Validation and
triangulation of
secondary and primary source.

yuan2

Collection of data

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Cumulating and collating the essential qualitative and quantitative data

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Generation of report in client requested format by research analysts

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Reviews by expert analysts

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Final quality check

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Clarifying queries

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Receiving feedback

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Ensuring satisfaction

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    liuCheng01

    01 Identification of data

    This step involves identification of several primary and secondary data research sources, including Global Info Research's internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and government and non-government agencies websites.

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    liuCheng01

    02 Evaluation of Market Dynamic

    This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. It also comprises a detailed study of research plans and methodology.

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    03 Collection of Data

    This process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario.

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    04 Collaboration of Data

    This stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and verticals of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years.

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    05 Verification and Analysis

    This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity.

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Global Travel Insurance Market 2023 by Company, Regions, Type and Application, Forecast to 2029

Global Travel Insurance Market 2023 by Company, Regions, Type and Application, Forecast to 2029

Page: 113

Published Date: 18 Mar 2023

Category: Service & Software

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Description

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Description

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:
According to our (Global Info Research) latest study, the global Travel Insurance market size was valued at USD 21430 million in 2022 and is forecast to a readjusted size of USD 32700 million by 2029 with a CAGR of 6.2% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The main global Travel Insurance players include Allianz, Munich Re Group, AIG, etc. The top three Travel Insurance players account for approximately 30% of the total global market. Asia-Pacific is the largest consumer market for Travel Insurance, accounting for about 26%, followed by Europe and North America. In terms of product, Trip Cancellation is the largest segment, with a share about 45%. And in terms of application, the largest application is Family Traveler, followed by Business Traveler.

This report is a detailed and comprehensive analysis for global Travel Insurance market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

Key Features:
Global Travel Insurance market size and forecasts, in consumption value ($ Million), 2018-2029
Global Travel Insurance market size and forecasts by region and country, in consumption value ($ Million), 2018-2029
Global Travel Insurance market size and forecasts, by Type and by Application, in consumption value ($ Million), 2018-2029
Global Travel Insurance market shares of main players, in revenue ($ Million), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Travel Insurance
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Travel Insurance market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Allianz, Munich Re Group, AIG, Assicurazioni Generali and Prudential, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Market segmentation
Travel Insurance market is split by Type and by Application. For the period 2018-2029, the growth among segments provide accurate calculations and forecasts for consumption value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Trip Cancellation
Trip Delay
Medical Expense
Property Damage
Other

Market segment by Application
Family Traveler
Senior Citizens
Business Traveler
Other

Market segment by players, this report covers
Allianz
Munich Re Group
AIG
Assicurazioni Generali
Prudential
ACE&Chubb
Manulife
UnitedHealthcare Global
Mapfre
AXA
Tokio Marine Holdings
China Pacific insurance
Hanse Merkur
Ping An Insurance (Group) Company of China
People's insurance company of China
China Life
Sompo Japan Nipponkoa

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Travel Insurance product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Travel Insurance, with revenue, gross margin and global market share of Travel Insurance from 2018 to 2023.
Chapter 3, the Travel Insurance competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and Travel Insurance market forecast, by regions, type and application, with consumption value, from 2024 to 2029.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War
Chapter 12, the key raw materials and key suppliers, and industry chain of Travel Insurance.
Chapter 13, to describe Travel Insurance research findings and conclusion.
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Table of Contents

1 Market Overview
1.1 Product Overview and Scope of Travel Insurance
1.2 Market Estimation Caveats and Base Year
1.3 Classification of Travel Insurance by Type
1.3.1 Overview: Global Travel Insurance Market Size by Type: 2018 Versus 2022 Versus 2029
1.3.2 Global Travel Insurance Consumption Value Market Share by Type in 2022
1.3.3 Trip Cancellation
1.3.4 Trip Delay
1.3.5 Medical Expense
1.3.6 Property Damage
1.3.7 Other
1.4 Global Travel Insurance Market by Application
1.4.1 Overview: Global Travel Insurance Market Size by Application: 2018 Versus 2022 Versus 2029
1.4.2 Family Traveler
1.4.3 Senior Citizens
1.4.4 Business Traveler
1.4.5 Other
1.5 Global Travel Insurance Market Size & Forecast
1.6 Global Travel Insurance Market Size and Forecast by Region
1.6.1 Global Travel Insurance Market Size by Region: 2018 VS 2022 VS 2029
1.6.2 Global Travel Insurance Market Size by Region, (2018-2029)
1.6.3 North America Travel Insurance Market Size and Prospect (2018-2029)
1.6.4 Europe Travel Insurance Market Size and Prospect (2018-2029)
1.6.5 Asia-Pacific Travel Insurance Market Size and Prospect (2018-2029)
1.6.6 South America Travel Insurance Market Size and Prospect (2018-2029)
1.6.7 Middle East and Africa Travel Insurance Market Size and Prospect (2018-2029)

2 Company Profiles
2.1 Allianz
2.1.1 Allianz Details
2.1.2 Allianz Major Business
2.1.3 Allianz Travel Insurance Product and Solutions
2.1.4 Allianz Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.1.5 Allianz Recent Developments and Future Plans
2.2 Munich Re Group
2.2.1 Munich Re Group Details
2.2.2 Munich Re Group Major Business
2.2.3 Munich Re Group Travel Insurance Product and Solutions
2.2.4 Munich Re Group Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.2.5 Munich Re Group Recent Developments and Future Plans
2.3 AIG
2.3.1 AIG Details
2.3.2 AIG Major Business
2.3.3 AIG Travel Insurance Product and Solutions
2.3.4 AIG Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.3.5 AIG Recent Developments and Future Plans
2.4 Assicurazioni Generali
2.4.1 Assicurazioni Generali Details
2.4.2 Assicurazioni Generali Major Business
2.4.3 Assicurazioni Generali Travel Insurance Product and Solutions
2.4.4 Assicurazioni Generali Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.4.5 Assicurazioni Generali Recent Developments and Future Plans
2.5 Prudential
2.5.1 Prudential Details
2.5.2 Prudential Major Business
2.5.3 Prudential Travel Insurance Product and Solutions
2.5.4 Prudential Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.5.5 Prudential Recent Developments and Future Plans
2.6 ACE&Chubb
2.6.1 ACE&Chubb Details
2.6.2 ACE&Chubb Major Business
2.6.3 ACE&Chubb Travel Insurance Product and Solutions
2.6.4 ACE&Chubb Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.6.5 ACE&Chubb Recent Developments and Future Plans
2.7 Manulife
2.7.1 Manulife Details
2.7.2 Manulife Major Business
2.7.3 Manulife Travel Insurance Product and Solutions
2.7.4 Manulife Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.7.5 Manulife Recent Developments and Future Plans
2.8 UnitedHealthcare Global
2.8.1 UnitedHealthcare Global Details
2.8.2 UnitedHealthcare Global Major Business
2.8.3 UnitedHealthcare Global Travel Insurance Product and Solutions
2.8.4 UnitedHealthcare Global Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.8.5 UnitedHealthcare Global Recent Developments and Future Plans
2.9 Mapfre
2.9.1 Mapfre Details
2.9.2 Mapfre Major Business
2.9.3 Mapfre Travel Insurance Product and Solutions
2.9.4 Mapfre Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.9.5 Mapfre Recent Developments and Future Plans
2.10 AXA
2.10.1 AXA Details
2.10.2 AXA Major Business
2.10.3 AXA Travel Insurance Product and Solutions
2.10.4 AXA Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.10.5 AXA Recent Developments and Future Plans
2.11 Tokio Marine Holdings
2.11.1 Tokio Marine Holdings Details
2.11.2 Tokio Marine Holdings Major Business
2.11.3 Tokio Marine Holdings Travel Insurance Product and Solutions
2.11.4 Tokio Marine Holdings Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.11.5 Tokio Marine Holdings Recent Developments and Future Plans
2.12 China Pacific insurance
2.12.1 China Pacific insurance Details
2.12.2 China Pacific insurance Major Business
2.12.3 China Pacific insurance Travel Insurance Product and Solutions
2.12.4 China Pacific insurance Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.12.5 China Pacific insurance Recent Developments and Future Plans
2.13 Hanse Merkur
2.13.1 Hanse Merkur Details
2.13.2 Hanse Merkur Major Business
2.13.3 Hanse Merkur Travel Insurance Product and Solutions
2.13.4 Hanse Merkur Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.13.5 Hanse Merkur Recent Developments and Future Plans
2.14 Ping An Insurance (Group) Company of China
2.14.1 Ping An Insurance (Group) Company of China Details
2.14.2 Ping An Insurance (Group) Company of China Major Business
2.14.3 Ping An Insurance (Group) Company of China Travel Insurance Product and Solutions
2.14.4 Ping An Insurance (Group) Company of China Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.14.5 Ping An Insurance (Group) Company of China Recent Developments and Future Plans
2.15 People's insurance company of China
2.15.1 People's insurance company of China Details
2.15.2 People's insurance company of China Major Business
2.15.3 People's insurance company of China Travel Insurance Product and Solutions
2.15.4 People's insurance company of China Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.15.5 People's insurance company of China Recent Developments and Future Plans
2.16 China Life
2.16.1 China Life Details
2.16.2 China Life Major Business
2.16.3 China Life Travel Insurance Product and Solutions
2.16.4 China Life Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.16.5 China Life Recent Developments and Future Plans
2.17 Sompo Japan Nipponkoa
2.17.1 Sompo Japan Nipponkoa Details
2.17.2 Sompo Japan Nipponkoa Major Business
2.17.3 Sompo Japan Nipponkoa Travel Insurance Product and Solutions
2.17.4 Sompo Japan Nipponkoa Travel Insurance Revenue, Gross Margin and Market Share (2018-2023)
2.17.5 Sompo Japan Nipponkoa Recent Developments and Future Plans

3 Market Competition, by Players
3.1 Global Travel Insurance Revenue and Share by Players (2018-2023)
3.2 Market Share Analysis (2022)
3.2.1 Market Share of Travel Insurance by Company Revenue
3.2.2 Top 3 Travel Insurance Players Market Share in 2022
3.2.3 Top 6 Travel Insurance Players Market Share in 2022
3.3 Travel Insurance Market: Overall Company Footprint Analysis
3.3.1 Travel Insurance Market: Region Footprint
3.3.2 Travel Insurance Market: Company Product Type Footprint
3.3.3 Travel Insurance Market: Company Product Application Footprint
3.4 New Market Entrants and Barriers to Market Entry
3.5 Mergers, Acquisition, Agreements, and Collaborations

4 Market Size Segment by Type
4.1 Global Travel Insurance Consumption Value and Market Share by Type (2018-2023)
4.2 Global Travel Insurance Market Forecast by Type (2024-2029)

5 Market Size Segment by Application
5.1 Global Travel Insurance Consumption Value Market Share by Application (2018-2023)
5.2 Global Travel Insurance Market Forecast by Application (2024-2029)

6 North America
6.1 North America Travel Insurance Consumption Value by Type (2018-2029)
6.2 North America Travel Insurance Consumption Value by Application (2018-2029)
6.3 North America Travel Insurance Market Size by Country
6.3.1 North America Travel Insurance Consumption Value by Country (2018-2029)
6.3.2 United States Travel Insurance Market Size and Forecast (2018-2029)
6.3.3 Canada Travel Insurance Market Size and Forecast (2018-2029)
6.3.4 Mexico Travel Insurance Market Size and Forecast (2018-2029)

7 Europe
7.1 Europe Travel Insurance Consumption Value by Type (2018-2029)
7.2 Europe Travel Insurance Consumption Value by Application (2018-2029)
7.3 Europe Travel Insurance Market Size by Country
7.3.1 Europe Travel Insurance Consumption Value by Country (2018-2029)
7.3.2 Germany Travel Insurance Market Size and Forecast (2018-2029)
7.3.3 France Travel Insurance Market Size and Forecast (2018-2029)
7.3.4 United Kingdom Travel Insurance Market Size and Forecast (2018-2029)
7.3.5 Russia Travel Insurance Market Size and Forecast (2018-2029)
7.3.6 Italy Travel Insurance Market Size and Forecast (2018-2029)

8 Asia-Pacific
8.1 Asia-Pacific Travel Insurance Consumption Value by Type (2018-2029)
8.2 Asia-Pacific Travel Insurance Consumption Value by Application (2018-2029)
8.3 Asia-Pacific Travel Insurance Market Size by Region
8.3.1 Asia-Pacific Travel Insurance Consumption Value by Region (2018-2029)
8.3.2 China Travel Insurance Market Size and Forecast (2018-2029)
8.3.3 Japan Travel Insurance Market Size and Forecast (2018-2029)
8.3.4 South Korea Travel Insurance Market Size and Forecast (2018-2029)
8.3.5 India Travel Insurance Market Size and Forecast (2018-2029)
8.3.6 Southeast Asia Travel Insurance Market Size and Forecast (2018-2029)
8.3.7 Australia Travel Insurance Market Size and Forecast (2018-2029)

9 South America
9.1 South America Travel Insurance Consumption Value by Type (2018-2029)
9.2 South America Travel Insurance Consumption Value by Application (2018-2029)
9.3 South America Travel Insurance Market Size by Country
9.3.1 South America Travel Insurance Consumption Value by Country (2018-2029)
9.3.2 Brazil Travel Insurance Market Size and Forecast (2018-2029)
9.3.3 Argentina Travel Insurance Market Size and Forecast (2018-2029)

10 Middle East & Africa
10.1 Middle East & Africa Travel Insurance Consumption Value by Type (2018-2029)
10.2 Middle East & Africa Travel Insurance Consumption Value by Application (2018-2029)
10.3 Middle East & Africa Travel Insurance Market Size by Country
10.3.1 Middle East & Africa Travel Insurance Consumption Value by Country (2018-2029)
10.3.2 Turkey Travel Insurance Market Size and Forecast (2018-2029)
10.3.3 Saudi Arabia Travel Insurance Market Size and Forecast (2018-2029)
10.3.4 UAE Travel Insurance Market Size and Forecast (2018-2029)

11 Market Dynamics
11.1 Travel Insurance Market Drivers
11.2 Travel Insurance Market Restraints
11.3 Travel Insurance Trends Analysis
11.4 Porters Five Forces Analysis
11.4.1 Threat of New Entrants
11.4.2 Bargaining Power of Suppliers
11.4.3 Bargaining Power of Buyers
11.4.4 Threat of Substitutes
11.4.5 Competitive Rivalry
11.5 Influence of COVID-19 and Russia-Ukraine War
11.5.1 Influence of COVID-19
11.5.2 Influence of Russia-Ukraine War

12 Industry Chain Analysis
12.1 Travel Insurance Industry Chain
12.2 Travel Insurance Upstream Analysis
12.3 Travel Insurance Midstream Analysis
12.4 Travel Insurance Downstream Analysis

13 Research Findings and Conclusion

14 Appendix
14.1 Methodology
14.2 Research Process and Data Source
14.3 Disclaimer
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Table of Figures

List of Tables
Table 1. Global Travel Insurance Consumption Value by Type, (USD Million), 2018 & 2022 & 2029
Table 2. Global Travel Insurance Consumption Value by Application, (USD Million), 2018 & 2022 & 2029
Table 3. Global Travel Insurance Consumption Value by Region (2018-2023) & (USD Million)
Table 4. Global Travel Insurance Consumption Value by Region (2024-2029) & (USD Million)
Table 5. Allianz Company Information, Head Office, and Major Competitors
Table 6. Allianz Major Business
Table 7. Allianz Travel Insurance Product and Solutions
Table 8. Allianz Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 9. Allianz Recent Developments and Future Plans
Table 10. Munich Re Group Company Information, Head Office, and Major Competitors
Table 11. Munich Re Group Major Business
Table 12. Munich Re Group Travel Insurance Product and Solutions
Table 13. Munich Re Group Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 14. Munich Re Group Recent Developments and Future Plans
Table 15. AIG Company Information, Head Office, and Major Competitors
Table 16. AIG Major Business
Table 17. AIG Travel Insurance Product and Solutions
Table 18. AIG Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 19. AIG Recent Developments and Future Plans
Table 20. Assicurazioni Generali Company Information, Head Office, and Major Competitors
Table 21. Assicurazioni Generali Major Business
Table 22. Assicurazioni Generali Travel Insurance Product and Solutions
Table 23. Assicurazioni Generali Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 24. Assicurazioni Generali Recent Developments and Future Plans
Table 25. Prudential Company Information, Head Office, and Major Competitors
Table 26. Prudential Major Business
Table 27. Prudential Travel Insurance Product and Solutions
Table 28. Prudential Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 29. Prudential Recent Developments and Future Plans
Table 30. ACE&Chubb Company Information, Head Office, and Major Competitors
Table 31. ACE&Chubb Major Business
Table 32. ACE&Chubb Travel Insurance Product and Solutions
Table 33. ACE&Chubb Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 34. ACE&Chubb Recent Developments and Future Plans
Table 35. Manulife Company Information, Head Office, and Major Competitors
Table 36. Manulife Major Business
Table 37. Manulife Travel Insurance Product and Solutions
Table 38. Manulife Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 39. Manulife Recent Developments and Future Plans
Table 40. UnitedHealthcare Global Company Information, Head Office, and Major Competitors
Table 41. UnitedHealthcare Global Major Business
Table 42. UnitedHealthcare Global Travel Insurance Product and Solutions
Table 43. UnitedHealthcare Global Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 44. UnitedHealthcare Global Recent Developments and Future Plans
Table 45. Mapfre Company Information, Head Office, and Major Competitors
Table 46. Mapfre Major Business
Table 47. Mapfre Travel Insurance Product and Solutions
Table 48. Mapfre Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 49. Mapfre Recent Developments and Future Plans
Table 50. AXA Company Information, Head Office, and Major Competitors
Table 51. AXA Major Business
Table 52. AXA Travel Insurance Product and Solutions
Table 53. AXA Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 54. AXA Recent Developments and Future Plans
Table 55. Tokio Marine Holdings Company Information, Head Office, and Major Competitors
Table 56. Tokio Marine Holdings Major Business
Table 57. Tokio Marine Holdings Travel Insurance Product and Solutions
Table 58. Tokio Marine Holdings Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 59. Tokio Marine Holdings Recent Developments and Future Plans
Table 60. China Pacific insurance Company Information, Head Office, and Major Competitors
Table 61. China Pacific insurance Major Business
Table 62. China Pacific insurance Travel Insurance Product and Solutions
Table 63. China Pacific insurance Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 64. China Pacific insurance Recent Developments and Future Plans
Table 65. Hanse Merkur Company Information, Head Office, and Major Competitors
Table 66. Hanse Merkur Major Business
Table 67. Hanse Merkur Travel Insurance Product and Solutions
Table 68. Hanse Merkur Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 69. Hanse Merkur Recent Developments and Future Plans
Table 70. Ping An Insurance (Group) Company of China Company Information, Head Office, and Major Competitors
Table 71. Ping An Insurance (Group) Company of China Major Business
Table 72. Ping An Insurance (Group) Company of China Travel Insurance Product and Solutions
Table 73. Ping An Insurance (Group) Company of China Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 74. Ping An Insurance (Group) Company of China Recent Developments and Future Plans
Table 75. People's insurance company of China Company Information, Head Office, and Major Competitors
Table 76. People's insurance company of China Major Business
Table 77. People's insurance company of China Travel Insurance Product and Solutions
Table 78. People's insurance company of China Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 79. People's insurance company of China Recent Developments and Future Plans
Table 80. China Life Company Information, Head Office, and Major Competitors
Table 81. China Life Major Business
Table 82. China Life Travel Insurance Product and Solutions
Table 83. China Life Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 84. China Life Recent Developments and Future Plans
Table 85. Sompo Japan Nipponkoa Company Information, Head Office, and Major Competitors
Table 86. Sompo Japan Nipponkoa Major Business
Table 87. Sompo Japan Nipponkoa Travel Insurance Product and Solutions
Table 88. Sompo Japan Nipponkoa Travel Insurance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
Table 89. Sompo Japan Nipponkoa Recent Developments and Future Plans
Table 90. Global Travel Insurance Revenue (USD Million) by Players (2018-2023)
Table 91. Global Travel Insurance Revenue Share by Players (2018-2023)
Table 92. Breakdown of Travel Insurance by Company Type (Tier 1, Tier 2, and Tier 3)
Table 93. Market Position of Players in Travel Insurance, (Tier 1, Tier 2, and Tier 3), Based on Revenue in 2022
Table 94. Head Office of Key Travel Insurance Players
Table 95. Travel Insurance Market: Company Product Type Footprint
Table 96. Travel Insurance Market: Company Product Application Footprint
Table 97. Travel Insurance New Market Entrants and Barriers to Market Entry
Table 98. Travel Insurance Mergers, Acquisition, Agreements, and Collaborations
Table 99. Global Travel Insurance Consumption Value (USD Million) by Type (2018-2023)
Table 100. Global Travel Insurance Consumption Value Share by Type (2018-2023)
Table 101. Global Travel Insurance Consumption Value Forecast by Type (2024-2029)
Table 102. Global Travel Insurance Consumption Value by Application (2018-2023)
Table 103. Global Travel Insurance Consumption Value Forecast by Application (2024-2029)
Table 104. North America Travel Insurance Consumption Value by Type (2018-2023) & (USD Million)
Table 105. North America Travel Insurance Consumption Value by Type (2024-2029) & (USD Million)
Table 106. North America Travel Insurance Consumption Value by Application (2018-2023) & (USD Million)
Table 107. North America Travel Insurance Consumption Value by Application (2024-2029) & (USD Million)
Table 108. North America Travel Insurance Consumption Value by Country (2018-2023) & (USD Million)
Table 109. North America Travel Insurance Consumption Value by Country (2024-2029) & (USD Million)
Table 110. Europe Travel Insurance Consumption Value by Type (2018-2023) & (USD Million)
Table 111. Europe Travel Insurance Consumption Value by Type (2024-2029) & (USD Million)
Table 112. Europe Travel Insurance Consumption Value by Application (2018-2023) & (USD Million)
Table 113. Europe Travel Insurance Consumption Value by Application (2024-2029) & (USD Million)
Table 114. Europe Travel Insurance Consumption Value by Country (2018-2023) & (USD Million)
Table 115. Europe Travel Insurance Consumption Value by Country (2024-2029) & (USD Million)
Table 116. Asia-Pacific Travel Insurance Consumption Value by Type (2018-2023) & (USD Million)
Table 117. Asia-Pacific Travel Insurance Consumption Value by Type (2024-2029) & (USD Million)
Table 118. Asia-Pacific Travel Insurance Consumption Value by Application (2018-2023) & (USD Million)
Table 119. Asia-Pacific Travel Insurance Consumption Value by Application (2024-2029) & (USD Million)
Table 120. Asia-Pacific Travel Insurance Consumption Value by Region (2018-2023) & (USD Million)
Table 121. Asia-Pacific Travel Insurance Consumption Value by Region (2024-2029) & (USD Million)
Table 122. South America Travel Insurance Consumption Value by Type (2018-2023) & (USD Million)
Table 123. South America Travel Insurance Consumption Value by Type (2024-2029) & (USD Million)
Table 124. South America Travel Insurance Consumption Value by Application (2018-2023) & (USD Million)
Table 125. South America Travel Insurance Consumption Value by Application (2024-2029) & (USD Million)
Table 126. South America Travel Insurance Consumption Value by Country (2018-2023) & (USD Million)
Table 127. South America Travel Insurance Consumption Value by Country (2024-2029) & (USD Million)
Table 128. Middle East & Africa Travel Insurance Consumption Value by Type (2018-2023) & (USD Million)
Table 129. Middle East & Africa Travel Insurance Consumption Value by Type (2024-2029) & (USD Million)
Table 130. Middle East & Africa Travel Insurance Consumption Value by Application (2018-2023) & (USD Million)
Table 131. Middle East & Africa Travel Insurance Consumption Value by Application (2024-2029) & (USD Million)
Table 132. Middle East & Africa Travel Insurance Consumption Value by Country (2018-2023) & (USD Million)
Table 133. Middle East & Africa Travel Insurance Consumption Value by Country (2024-2029) & (USD Million)
Table 134. Travel Insurance Raw Material
Table 135. Key Suppliers of Travel Insurance Raw Materials
List of Figures
Figure 1. Travel Insurance Picture
Figure 2. Global Travel Insurance Consumption Value by Type, (USD Million), 2018 & 2022 & 2029
Figure 3. Global Travel Insurance Consumption Value Market Share by Type in 2022
Figure 4. Trip Cancellation
Figure 5. Trip Delay
Figure 6. Medical Expense
Figure 7. Property Damage
Figure 8. Other
Figure 9. Global Travel Insurance Consumption Value by Type, (USD Million), 2018 & 2022 & 2029
Figure 10. Travel Insurance Consumption Value Market Share by Application in 2022
Figure 11. Family Traveler Picture
Figure 12. Senior Citizens Picture
Figure 13. Business Traveler Picture
Figure 14. Other Picture
Figure 15. Global Travel Insurance Consumption Value, (USD Million): 2018 & 2022 & 2029
Figure 16. Global Travel Insurance Consumption Value and Forecast (2018-2029) & (USD Million)
Figure 17. Global Market Travel Insurance Consumption Value (USD Million) Comparison by Region (2018 & 2022 & 2029)
Figure 18. Global Travel Insurance Consumption Value Market Share by Region (2018-2029)
Figure 19. Global Travel Insurance Consumption Value Market Share by Region in 2022
Figure 20. North America Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 21. Europe Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 22. Asia-Pacific Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 23. South America Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 24. Middle East and Africa Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 25. Global Travel Insurance Revenue Share by Players in 2022
Figure 26. Travel Insurance Market Share by Company Type (Tier 1, Tier 2 and Tier 3) in 2022
Figure 27. Global Top 3 Players Travel Insurance Market Share in 2022
Figure 28. Global Top 6 Players Travel Insurance Market Share in 2022
Figure 29. Global Travel Insurance Consumption Value Share by Type (2018-2023)
Figure 30. Global Travel Insurance Market Share Forecast by Type (2024-2029)
Figure 31. Global Travel Insurance Consumption Value Share by Application (2018-2023)
Figure 32. Global Travel Insurance Market Share Forecast by Application (2024-2029)
Figure 33. North America Travel Insurance Consumption Value Market Share by Type (2018-2029)
Figure 34. North America Travel Insurance Consumption Value Market Share by Application (2018-2029)
Figure 35. North America Travel Insurance Consumption Value Market Share by Country (2018-2029)
Figure 36. United States Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 37. Canada Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 38. Mexico Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 39. Europe Travel Insurance Consumption Value Market Share by Type (2018-2029)
Figure 40. Europe Travel Insurance Consumption Value Market Share by Application (2018-2029)
Figure 41. Europe Travel Insurance Consumption Value Market Share by Country (2018-2029)
Figure 42. Germany Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 43. France Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 44. United Kingdom Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 45. Russia Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 46. Italy Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 47. Asia-Pacific Travel Insurance Consumption Value Market Share by Type (2018-2029)
Figure 48. Asia-Pacific Travel Insurance Consumption Value Market Share by Application (2018-2029)
Figure 49. Asia-Pacific Travel Insurance Consumption Value Market Share by Region (2018-2029)
Figure 50. China Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 51. Japan Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 52. South Korea Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 53. India Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 54. Southeast Asia Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 55. Australia Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 56. South America Travel Insurance Consumption Value Market Share by Type (2018-2029)
Figure 57. South America Travel Insurance Consumption Value Market Share by Application (2018-2029)
Figure 58. South America Travel Insurance Consumption Value Market Share by Country (2018-2029)
Figure 59. Brazil Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 60. Argentina Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 61. Middle East and Africa Travel Insurance Consumption Value Market Share by Type (2018-2029)
Figure 62. Middle East and Africa Travel Insurance Consumption Value Market Share by Application (2018-2029)
Figure 63. Middle East and Africa Travel Insurance Consumption Value Market Share by Country (2018-2029)
Figure 64. Turkey Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 65. Saudi Arabia Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 66. UAE Travel Insurance Consumption Value (2018-2029) & (USD Million)
Figure 67. Travel Insurance Market Drivers
Figure 68. Travel Insurance Market Restraints
Figure 69. Travel Insurance Market Trends
Figure 70. Porters Five Forces Analysis
Figure 71. Manufacturing Cost Structure Analysis of Travel Insurance in 2022
Figure 72. Manufacturing Process Analysis of Travel Insurance
Figure 73. Travel Insurance Industrial Chain
Figure 74. Methodology
Figure 75. Research Process and Data Source
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Research Methodology

Client Requirements

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Review and analyze client requirements

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Discussion of all the project requirements and queries

Flexibility Check

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Project Feasibility Analysis

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Finalizing tentative research programme

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Structuring project proposal with scope, timeline, and costs

Analyzing Market Dynamics

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Determination of key drivers, restraints, challenge, and opportunity

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Identifies market needs and trends

Market Size Estimation & Forecast

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Estimation of historical data based on secondary and primary data

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Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)

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Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies

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Consideration of geography, region-specific product/service demand for region segments

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Consideration of product utilization rates, product demand outlook for segments by application or end-user.

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Data Source

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Secondary Source
Data collections from annual reports, presentations,associations, journals, analyst reports, paid database, press releases, blogs, newsletters,and GIR repositories.

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Discussion of all the project requirements and queries

Validation and triangulation of secondary and primary source.

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Collection of data

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Cumulating and collating the essential qualitative and quantitative data

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Generation of report in client requested format by research analysts

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Reviews by expert analysts

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Final quality check

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Clarifying queries

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Receiving feedback

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Ensuring satisfaction

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    01 Identification of data

    This step involves identification of several primary and secondary data research sources, including Global Info Research's internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and government and non-government agencies websites.

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    02 Evaluation of Market Dynamic

    This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. It also comprises a detailed study of research plans and methodology.

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    03 Collection of Data

    This process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario.

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    04 Collaboration of Data

    This stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and verticals of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years.

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    05 Verification and Analysis

    This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity.

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