Travel Insurance Market Report: Impact of COVID-19, Future Growth Analysis and Challenges

Global Travel Insurance Market Research Report and Forecast 2025

www.imarcgroup.com

Sales@imarcgroup.com

+1-631-791-1145

About IMARC

WHO WE ARE? • We are a leading market research firm with expertise in market intelligence and business research • We deliver high quality, well-knitted, meaningful studies • We excel at understanding and synergizing with the business priorities of our partners and delivering tailored solutions

WHAT DO WE DO? • Market research and business insights • Competitive intelligence and benchmarking • Strategy consulting • Consumer surveys and feedback analysis

WHAT DO WE COVER? • Food And beverages • Dairy and dairy products • Agriculture and farming • Chemicals and materials • FMCG • Paper and packaging

• Social and rural research

• Healthcare

• Market entry strategy

• Machinery, electronics and semiconductors

• Syndicated Reports

WHO DO WE SERVE? • Collaborating with fortune 500 companies and SMEs • Serving all major clients from different industry which include Chemical & Materials, Food & Beverages, Packaging, Healthcare, Automotive, Heavy Industries, Retail, etc.

WhatWe Do

Competitive Intelligence and Benchmarking At IMARC, we help customers determine a competitor’s brand image and perception in the marketplace as compared to other key players.

Cost Modeling and Cost Forecasting A good cost model supports organizations during negotiations to build strong relationships with suppliers. Cost modelling and price forecasting services from IMARC ensure clients make informed decisions.

Market Research & Business Insights To develop deep customer understanding, we employ a range of quantitative and qualitative marketing research approaches along with big data techniques that are both innovative and pragmatic

Country Entry Strategy IMARC team drafts and implement an optimum country entry strategy for expanding business in the country. Our team of consultants deeply evaluates and strategize the market opportunities for our clients and accentuate the business in congruence with Government regulations, exports and imports scenario, demand supply gap analysis and many more.

Consumer Survey & Feedback Reports Consumer profiling, survey with end consumers, collection of their feedback and deep analysis. Based on the analysis, strategic decisions to enter in a new region, launch of new product, improvising the existing services

Competitive Intelligence and Benchmarking

Market Research & Business Insights

Consumer Survey & Feedback Reports

Country Entry Strategy

Cost Modeling and Cost Forecasting

REPORT OBJECTIVES & Highlight

Report Description According to IMARC Group’s latest report, titled “Travel Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025�, the global travel insurance market grew at a CAGR of around 6% during 2014-2019. Looking forward, IMARC Group expects the global market to continue its moderate growth during 2020-2025.

Travel insurance offers financial protection against losses and expenses incurred while traveling. It includes costs for medical expenses, flight cancellations, and lost luggage and travel documents. Presently, there is an increase in the demand for travel insurance services on account of the burgeoning travel and tourism sector.

Increasing internet penetration, easy availability of online travel bookings and discounted holiday packages are among the significant factors fueling the growth of the travel insurance market. Moreover, the rising number of intermediaries, such as banks, insurance brokers, and insurance aggregators, is providing a variety of options to compare suitable policies and prices, which is bolstering the market growth.

Furthermore, leading players are incorporating digital tools, such as data analytics, artificial intelligence (AI), application program interface (API) and global positioning system (GPS), to improve distribution systems. Besides this, the outbreak of coronavirus disease (COVID-19) pandemic has increased individuals who are investing in travel insurance policies to secure their future travels. This is anticipated to drive the travel insurance market further in the coming years.

Get a PDF sample for more detailed market insights: https://www.imarcgroup.com/travel-insurance-market/requestsample

Report Description Travel Insurance Market 2020-2025 Competitive Analysis and Segmentation: Competitive Landscape: 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.

Report Description The report has segmented the global travel insurance market on the basis of 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

Report Description 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

Report Description Breakup by Region: 

North America o United States o Canada



Asia Pacific o China o Japan o India o South Korea o Australia o Indonesia o Others



Europe o Germany o France

Report Description o Italy o Spain o Russia o Others 

Latin America o Brazil o Mexico o Others



Middle East and Africa

Explore report description with table of contents: https://www.imarcgroup.com/travel-insurance-market

Report Description Key highlights of the report: 

Market Performance (2014-2019)



Market Outlook (2020- 2025)



Market Trends



Market Drivers and Success Factors



The Impact of COVID-19 on the Global Market



Value Chain Analysis



Structure of the Global Market



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.

Browse Related Report: https://www.imarcgroup.com/car-rental-market https://www.imarcgroup.com/tractor-market

Report Description 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 30 N Gould St, Ste R Sheridan, WY 82801, USA Website: https://www.imarcgroup.com Email: sales@imarcgroup.com USA: +1-631-791-1145 Follow us on twitter: @imarcglobal Linkedin: https://www.linkedin.com/company/imarc-group

Table of Contents

Table of Contents 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Travel Insurance Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Insurance Type 6.1 Single-Trip Travel Insurance 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Annual Multi-Trip Insurance 6.2.1 Market Trends 6.2.2 Market Forecast

Table of Contents 6.3 Long-Stay Travel Insurance 6.3.1 Market Trends 6.3.2 Market Forecast 7 Market Breakup by Coverage 7.1 Medical Expenses 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Trip Cancellation 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Trip Delay 7.3.1 Market Trends 7.3.2 Market Forecast 7.4 Property Damage 7.4.1 Market Trends 7.4.2 Market Forecast 7.5 Others 7.5.1 Market Trends 7.5.2 Market Forecast 8 Market Breakup by Distribution Channel 8.1 Insurance Intermediaries 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Banks 8.2.1 Market Trends 8.2.2 Market Forecast

Table of Contents 8.3 Insurance Companies 8.3.1 Market Trends 8.3.2 Market Forecast 8.4 Insurance Aggregators 8.4.1 Market Trends 8.4.2 Market Forecast 8.5 Insurance Brokers 8.5.1 Market Trends 8.5.2 Market Forecast 8.6 Others 8.6.1 Market Trends 8.6.2 Market Forecast 9 Market Breakup by End User 9.1 Senior Citizens 9.1.1 Market Trends 9.1.2 Market Forecast 9.2 Education Travelers 9.2.1 Market Trends 9.2.2 Market Forecast 9.3 Business Travelers 9.3.1 Market Trends 9.3.2 Market Forecast 9.4 Family Travelers 9.4.1 Market Trends 9.4.2 Market Forecast

Table of Contents 9.5 Others 9.5.1 Market Trends 9.5.2 Market Forecast 10 Market Breakup by Region 10.1 North America 10.1.1 United States 10.1.1.1 Market Trends 10.1.1.2 Market Forecast 10.1.2 Canada 10.1.2.1 Market Trends 10.1.2.2 Market Forecast 10.2 Asia Pacific 10.2.1 China 10.2.1.1 Market Trends 10.2.1.2 Market Forecast 10.2.2 Japan 10.2.2.1 Market Trends 10.2.2.2 Market Forecast 10.2.3 India 10.2.3.1 Market Trends 10.2.3.2 Market Forecast 10.2.4 South Korea 10.2.4.1 Market Trends 10.2.4.2 Market Forecast 10.2.5 Australia 10.2.5.1 Market Trends 10.2.5.2 Market Forecast

Table of Contents  10.2.6 Indonesia 10.2.6.1 Market Trends 10.2.6.2 Market Forecast 10.2.7 Others 10.2.7.1 Market Trends 10.2.7.2 Market Forecast 10.3 Europe 10.3.1 Germany 10.3.1.1 Market Trends 10.3.1.2 Market Forecast 10.3.2 France 10.3.2.1 Market Trends 10.3.2.2 Market Forecast 10.3.3 United Kingdom 10.3.3.1 Market Trends 10.3.3.2 Market Forecast 10.3.4 Italy 10.3.4.1 Market Trends 10.3.4.2 Market Forecast 10.3.5 Spain 10.3.5.1 Market Trends 10.3.5.2 Market Forecast 10.3.6 Russia 10.3.6.1 Market Trends 10.3.6.2 Market Forecast

Table of Contents 10.3.7 Others 10.3.7.1 Market Trends 10.3.7.2 Market Forecast 10.4 Latin America 10.4.1 Brazil 10.4.1.1 Market Trends 10.4.1.2 Market Forecast 10.4.2 Mexico 10.4.2.1 Market Trends 10.4.2.2 Market Forecast 10.4.3 Others 10.4.3.1 Market Trends 10.4.3.2 Market Forecast 10.5 Middle East and Africa 10.5.1 Market Trends 10.5.2 Market Breakup by Country 10.5.3 Market Forecast 11 SWOT Analysis 11.1 Overview 11.2 Strengths 11.3 Weaknesses 11.4 Opportunities 11.5 Threats 12 Value Chain Analysis

Table of Contents 13 Porters Five Forces Analysis 13.1 Overview 13.2 Bargaining Power of Buyers 13.3 Bargaining Power of Suppliers 13.4 Degree of Competition 13.5 Threat of New Entrants 13.6 Threat of Substitutes 14 Price Analysis 15 Competitive Landscape 15.1 Market Structure 15.2 Key Players 15.3 Profiles of Key Players 15.3.1 Allianz SE 15.3.1.1 Company Overview 15.3.1.2 Product Portfolio 15.3.1.3 Financials 15.3.1.4 SWOT Analysis 15.3.2 American Express Company 15.3.2.1 Company Overview 15.3.2.2 Product Portfolio 15.3.2.3 Financials 15.3.2.4 SWOT Analysis 15.3.3 American International Group 15.3.3.1 Company Overview 15.3.3.2 Product Portfolio 15.3.3.3 Financials 15.3.3.4 SWOT Analysis

Table of Contents 15.3.4 AXA SA 15.3.4.1 Company Overview 15.3.4.2 Product Portfolio 15.3.5 Berkshire Hathaway Specialty Insurance Company 15.3.5.1 Company Overview 15.3.5.2 Product Portfolio 15.3.6 Generali Group 15.3.6.1 Company Overview 15.3.6.2 Product Portfolio 15.3.6.3 Financials 15.3.6.4 SWOT Analysis 15.3.7 Insure & Go Insurance Services (Mapfre S.A.) 15.3.7.1 Company Overview 15.3.7.2 Product Portfolio 15.3.7.3 Financials 15.3.8 Seven Corners Inc. 15.3.8.1 Company Overview 15.3.8.2 Product Portfolio 15.3.9 Travel Insured International Inc. (Crum & Forster) 15.3.9.1 Company Overview 15.3.9.2 Product Portfolio 15.3.10 USI Affinity (USI Insurance Services) 15.3.10.1 Company Overview 15.3.10.2 Product Portfolio

Table of Contents  15.3.11 Zurich Insurance Group AG 15.3.11.1 Company Overview 15.3.11.2 Product Portfolio 15.3.11.3 Financials 15.3.11.4 SWOT Analysis

Report FAQs Team Team Profile Profile

Team Profile

Engineers and Post Graduates Account for 75% of our Team

Growing team of 150+ employees with deep market knowledge

Over 1000 Independent Consultants from different sectors

Post Graduates; 30.00%

Engineers; 45.00%

Non Engineering Graduates; 15.00% Others; 10.00%

Talents from some of the top universities

modelling specialists with unmatched expertise in quantitative research Individuals with experience in specific industries and having sound knowledge of targeted functional areas Commercial and non-commercial relationships with some of the top research institutes

Report FAQs Words From Client

Words From Client

“We have been working with IMARC Group for over two years now. I must say that the word impossible doesn’t seems to appear in their dictionary,. These guys can provide data for any market in any country. I have been given them challenging assignments to work upon and have been quite impressed with their approach and results.”

-Global Procurement Technology Manager – Global FMCG Giant “IMARC Group has great domain expertise and knowledge base provided all the inputs necessary for us to define the path forward and launch our diagnostic successfully in the market where other players were always afraid before investing.”

-Vice President Marketing – European Diagnostic Company

“We were really impressed with their research findings on the South India dairy market. The innovative idea suggested by them have given us altogether different aspect to look at the problem. We started with them on small project but now thinking on doing more strategic project with them.”

-National Manager (Marketing) – Indian Diary Giant “IMARC Group helped us with the outsourcing of a major part of clinical trials to India. In the beginning we were skeptic of this idea. But the success achieved from this strategy is driving us to outsource other verticals of our business to low cost destinations” - Member of Board of Managing Director – Global Pharmaceutical Giant “Working with IMARC Group has been a great experience. They were able to provide us with a comprehensive business report on the India wastewater treatment market. The finding from the reports are played a major role in our business strategies and future decision making” -Senior Vice President – Major Indian Effluent Treatment Company

Report FAQs

Report FAQs

Report FAQs

01 02 03 04 05

Do you provide market share information for a specific country/segment?

Yes, we provide market share information and insights considering the scope. This service is provided as a part of customization requirements.

My research requirement is very specific; can I customized the report?

Yes, we provide customization of reports based on your requirements. It will be charged based on the scope of customization. Client have free access to pre-sales analyst briefs to discuss requirement and recommendations.

How do you arrive at the market numbers?

Our research methodology is a three cyclic process. It starts from information procurement from our inhouse database, primary research and secondary sources. The second step is data collection and analysis.

The third step is data validation from industry experts, key players and other stakeholders.

I have a pre-defined budget. Can I buy chapters/sections of the report?

We generally do not promote the sale of separate or individual segments from within a study, as it might fail to relay the actual meaning of the study or provide a holistic picture of the market. However, in special cases, select chapters are provided based on the client requirement.

Do you offer post sales support?

Yes, we offer post purchase analyst support for 4-6 weeks to our client in case they have any query within the scope of study.

Report FAQs

06 07 08 09

Who are your client?

We have engaged 550+ clients across the globe. More than half of our client are re-engage us for additional reports and services

How will I receive the report?

The report in a PDF and Excel format will be sent to you electronically at your registered email address.

Moreover, PPT and Word formats are also delivered to clients, on special requests.

How often does IMARC update studies?

Research studies or reports are updated once in 6 months or a year depending on the traction & need. Please contact our sales team to inquire about a report update status.

Will I have to pay for the post-sale customization needs?

We offer our clients with a free 10% customization on the syndicated report. In case you have not availed this service as a pre-sale facility, we request you to share the requirements with our sales team. The research team post a feasibility will share the purview of the post-sale customization along with the price (if applicable) and the timeline.

SOME OF OUR KEY CUSTOMERS