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Travel insurance is only a very small part of the overall general insurance market, it covers is available for single trip, annual multi-trip and long stay trips. and the detail are mainly medical expenses, trip cancellation, lost luggage, flight accident and other losses incurred while traveling, either internationally or within one's own country.
Scope of the Report:
This report studies the Travel Insurance market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Travel Insurance market by product type and applications/end industries.
Among different applications, in 2022, family traveler will take the largest part, accout for 45.59%
Europe, Asia-Pacific and North America are the three regions that shares most percentage.
The global Travel Insurance market is valued at 13800 million USD in 2017 and is expected to reach 20900 million USD by the end of 2023, growing at a CAGR of 7.1% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Travel Insurance.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
- Munich RE
- Tokio Marine
- Sompo Japan
- CSA Travel Protection
- Pingan Baoxian
- Mapfre Asistencia
- USI Affinity
- Seven Corners
- Hanse Merkur
- MH Ross
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Single Trip
- Annual Multi-trip
Market Segment by Applications, can be divided into
- Family Traveler
- Senior Citizens
- Business Traveler