Travel Insurance Market Size 2021

Travel insurance is insurance that is intended to cover medical expenses, trip cancellation, lost luggage, flight accident and other losses incurred while traveling, either internationally or domestically. The insurance may also include some benefits such as accidental health benefit, additional kennel or cattery fees, loss of income and permanent disability, alternative transport arrangement, etc. Factors such as increase in natural disasters, growth in tourism, rise in globalization and trade practices have made this industry attractive. The Travel Insurance Market Size share is expected to generate $28,265 million by 2022, growing at a CAGR of +9% during 2017-2022.

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Major Key Players:

Some Of The Primary Market Participants Are Allianz, Generali Global Assistance, USI Affinity, Seven Corners Inc., Travel Safe Insurance, Trip Mate Inc. (Arthur J. Gallagher & Co.), Travel Insured International, AXA, Tata AIG General Insurance Company Limited, Insure & Go Insurance Services Limited, Travelex Insurance Services (TIS), Tokio Marine HCC Medical Insurance Services Group, First Allied Travel Insurance, Arch Insurance Company, Aviva Life Insurance Company India Ltd., American Express Company, BH Specialty Insurance, (DigiVentures Holdings, LLC), amongst others.

Key findings of the report:

The report covers both, qualitative and quantitative research of the market, as well as include comprehensive insights and developments methods adopted by the key players. The report encompasses competitive detailed analysis of the key players which are driving the market. The key business strategies such as mergers and acquisitions, affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the Travel Insurance Market Size report recognizes their manufacturing base, competitors, product type, application and specification, pricing, and gross margin.

Market Segmentation

Travel Insurance Market Size – By Insurance Cover

Medical Treatment


Damage and Theft

Resuming Your Journey

Cancellation Insurance

Lump Sum Payments

Caretaker Coverage

Death Itinerary

Market By Distribution Channel

Insurance Intermediaries

Insurance Company


Insurance Broker

Insurance Aggregator



Travel Insurance Market Size – By End-User

Senior Citizens

Education Traveler


Business Traveler

Family Traveler

Fully independent Traveler

Market By Payment Method

Monthly Outstanding Balance Method

Single Payment Method

Travel Insurance Market Size – By Trip Type

Single Trip Travel Insurance

Annual Multi-trip Travel Insurance

Long-Stay Travel Insurance

North America has mentioned the essential proposals for the global Travel Insurance Market Size 2019, and this proposal is expected to increase over the next several years. The North American market is expected to be the largest market in the entire market. Other areas are also predicted in the same way as seeking the lead and fostering the development of this market. Geologically, the European market is the fastest region in North America. The APAC market is expected to have significant proposals in the general Travel Insurance Market Size within the expected contract period.


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