How big is the Travel Insurance Market?

The Travel Insurance Market size is expected to reach USD 23.31 billion in 2024 and grow at a CAGR of 15.40% to reach USD 44.84 billion by 2029. Read More

What is the current Travel Insurance Market size?

In 2024, the Travel Insurance Market size is expected to reach USD 23.31 billion. Read More

Who are the key players in Travel Insurance Market?

Allianz, American International Group Inc., Assicurazioni Generali SpA, Aviva and AXA are the major companies operating in the Travel Insurance Market. Read More

Which is the fastest growing region in Travel Insurance Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Travel Insurance Market?

In 2024, the North America accounts for the largest market share in Travel Insurance Market. Read More

What years does this Travel Insurance Market cover, and what was the market size in 2023?

In 2023, the Travel Insurance Market size was estimated at USD 19.72 billion. The report covers the Travel Insurance Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Travel Insurance Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key segments in the Travel Insurance Market?

The key segments in the Travel Insurance Market include by a) Type - Single-Trip Travel Insurance, Annual Multi-Trip Travel Insurance b) Distribution Channel - Insurance companies, Insurance Intermediaries, Banks, Insurance Brokers Read More

What are the key segments in the Travel Insurance Market?

The key segments in the Travel Insurance Market include by a) Type - Single-Trip Travel Insurance, Annual Multi-Trip Travel Insurance b) Distribution Channel - Insurance companies, Insurance Intermediaries, Banks, Insurance Brokers Read More

Travel Insurance Market - Size, Trends & Industry Report

Travel Insurance Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Travel Insurance Market Report is Segmented by Coverage Type (Single-Trip Travel Insurance and Annual Multi-Trip Travel Insurance), by Product Type (Trip Cancellation/Delay, Travel Medical Insurance (Personal Accident), and Other Product Types), by Distribution Channel (Insurance Companies, Insurance Intermediaries, Banks, Insurance Brokers and Other Distribution Channels), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Report Offers Market Size and Forecasts for all the Above Segments in Value Terms in USD.

Travel Insurance Industry Overview

The travel insurance market is fragmented, with many international players. Many companies worldwide cater to the diverse needs of travelers, reflecting global and regional regulations. This has fostered intense competition, providing consumers with a wide array of choices. However, a notable trend is the consolidation within the sector, as larger players strategically acquire smaller firms to enhance their market standing and expand their service portfolio.

Key industry players, including Allianz, American International Group Inc., Assicurazioni Generali SpA, Aviva, and AXA, respond to this competitive landscape by forging strategic collaborations, partnerships, and mergers and acquisitions.