Report Detail

Service & Software Global Tourism Insurance Market 2024 by Company, Regions, Type and Application, Forecast to 2030

  • RnM4592742
  • |
  • 05 June, 2024
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  • Global
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  • 125 Pages
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  • GIR (Global Info Research)
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  • Service & Software

According to our (Global Info Research) latest study, the global Tourism Insurance market size was valued at USD 21430 million in 2023 and is forecast to a readjusted size of USD 27170 million by 2030 with a CAGR of 3.4% during review period.
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:
In 2022, the gradual relaxation of epidemic prevention and control measures around the world will have a positive impact on the rapid recovery of the tourism industry. According to data from the World Tourism Organization, the number of global travelers exceeded 900 million in 2022, a two-fold increase compared to 2021. In 2022, international tourism revenue returned to the US$ 1 trillion, a real increase of 50% compared with 2021. According to data from the Ministry of Culture and Tourism of China, in 2022, the total number of domestic tourists was ¥ 2.53 billion, and the domestic tourism revenue (total tourism consumption) was ¥ 2 trillion.
The Global Info Research report includes an overview of the development of the Tourism Insurance industry chain, the market status of Domestic Tourism (Medical Expense, Trip Cancellation), Oversea Tourism (Medical Expense, Trip Cancellation), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Tourism Insurance.
Regionally, the report analyzes the Tourism Insurance markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Tourism Insurance market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Tourism Insurance market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Tourism Insurance industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Medical Expense, Trip Cancellation).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Tourism Insurance market.
Regional Analysis: The report involves examining the Tourism Insurance market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Tourism Insurance market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Tourism Insurance:
Company Analysis: Report covers individual Tourism Insurance players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Tourism Insurance This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Domestic Tourism, Oversea Tourism).
Technology Analysis: Report covers specific technologies relevant to Tourism Insurance. It assesses the current state, advancements, and potential future developments in Tourism Insurance areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Tourism Insurance market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Tourism Insurance market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Market segment by Type
Medical Expense
Trip Cancellation
Trip Delay
Property Damage
Others
Market segment by Application
Domestic Tourism
Oversea Tourism
Market segment by players, this report covers
Allianz
Munich RE
Generali
AXA
Hanse Merkur
Groupama
Mapfre Asistencia
AIG
CSA Travel Protection
USI Affinity
Seven Corners
MH Ross
Tokio Marine
Sompo Japan
Pingan Baoxian
STARR
Insubuy
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 Tourism Insurance product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Tourism Insurance, with revenue, gross margin and global market share of Tourism Insurance from 2019 to 2024.
Chapter 3, the Tourism 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 2019 to 2030.
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 2019 to 2024.and Tourism Insurance market forecast, by regions, type and application, with consumption value, from 2025 to 2030.
Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Tourism Insurance.
Chapter 13, to describe Tourism Insurance research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope of Tourism Insurance
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Classification of Tourism Insurance by Type
    • 1.3.1 Overview: Global Tourism Insurance Market Size by Type: 2019 Versus 2023 Versus 2030
    • 1.3.2 Global Tourism Insurance Consumption Value Market Share by Type in 2023
    • 1.3.3 Medical Expense
    • 1.3.4 Trip Cancellation
    • 1.3.5 Trip Delay
    • 1.3.6 Property Damage
    • 1.3.7 Others
  • 1.4 Global Tourism Insurance Market by Application
    • 1.4.1 Overview: Global Tourism Insurance Market Size by Application: 2019 Versus 2023 Versus 2030
    • 1.4.2 Domestic Tourism
    • 1.4.3 Oversea Tourism
  • 1.5 Global Tourism Insurance Market Size & Forecast
  • 1.6 Global Tourism Insurance Market Size and Forecast by Region
    • 1.6.1 Global Tourism Insurance Market Size by Region: 2019 VS 2023 VS 2030
    • 1.6.2 Global Tourism Insurance Market Size by Region, (2019-2030)
    • 1.6.3 North America Tourism Insurance Market Size and Prospect (2019-2030)
    • 1.6.4 Europe Tourism Insurance Market Size and Prospect (2019-2030)
    • 1.6.5 Asia-Pacific Tourism Insurance Market Size and Prospect (2019-2030)
    • 1.6.6 South America Tourism Insurance Market Size and Prospect (2019-2030)
    • 1.6.7 Middle East and Africa Tourism Insurance Market Size and Prospect (2019-2030)

2 Company Profiles

  • 2.1 Allianz
    • 2.1.1 Allianz Details
    • 2.1.2 Allianz Major Business
    • 2.1.3 Allianz Tourism Insurance Product and Solutions
    • 2.1.4 Allianz Tourism Insurance Revenue, Gross Margin and Market Share (2019-2024)
    • 2.1.5 Allianz Recent Developments and Future Plans
  • 2.2 Munich RE
    • 2.2.1 Munich RE Details
    • 2.2.2 Munich RE Major Business
    • 2.2.3 Munich RE Tourism Insurance Product and Solutions
    • 2.2.4 Munich RE Tourism Insurance Revenue, Gross Margin and Market Share (2019-2024)
    • 2.2.5 Munich RE Recent Developments and Future Plans
  • 2.3 Generali
    • 2.3.1 Generali Details
    • 2.3.2 Generali Major Business
    • 2.3.3 Generali Tourism Insurance Product and Solutions
    • 2.3.4 Generali Tourism Insurance Revenue, Gross Margin and Market Share (2019-2024)
    • 2.3.5 Generali Recent Developments and Future Plans
  • 2.4 AXA
    • 2.4.1 AXA Details
    • 2.4.2 AXA Major Business
    • 2.4.3 AXA Tourism Insurance Product and Solutions
    • 2.4.4 AXA Tourism Insurance Revenue, Gross Margin and Market Share (2019-2024)
    • 2.4.5 AXA Recent Developments and Future Plans
  • 2.5 Hanse Merkur
    • 2.5.1 Hanse Merkur Details
    • 2.5.2 Hanse Merkur Major Business
    • 2.5.3 Hanse Merkur Tourism Insurance Product and Solutions
    • 2.5.4 Hanse Merkur Tourism Insurance Revenue, Gross Margin and Market Share (2019-2024)
    • 2.5.5 Hanse Merkur Recent Developments and Future Plans
  • 2.6 Groupama
    • 2.6.1 Groupama Details
    • 2.6.2 Groupama Major Business
    • 2.6.3 Groupama Tourism Insurance Product and Solutions
    • 2.6.4 Groupama Tourism Insurance Revenue, Gross Margin and Market Share (2019-2024)
    • 2.6.5 Groupama Recent Developments and Future Plans
  • 2.7 Mapfre Asistencia
    • 2.7.1 Mapfre Asistencia Details
    • 2.7.2 Mapfre Asistencia Major Business
    • 2.7.3 Mapfre Asistencia Tourism Insurance Product and Solutions
    • 2.7.4 Mapfre Asistencia Tourism Insurance Revenue, Gross Margin and Market Share (2019-2024)
    • 2.7.5 Mapfre Asistencia Recent Developments and Future Plans
  • 2.8 AIG
    • 2.8.1 AIG Details
    • 2.8.2 AIG Major Business
    • 2.8.3 AIG Tourism Insurance Product and Solutions
    • 2.8.4 AIG Tourism Insurance Revenue, Gross Margin and Market Share (2019-2024)
    • 2.8.5 AIG Recent Developments and Future Plans
  • 2.9 CSA Travel Protection
    • 2.9.1 CSA Travel Protection Details
    • 2.9.2 CSA Travel Protection Major Business
    • 2.9.3 CSA Travel Protection Tourism Insurance Product and Solutions
    • 2.9.4 CSA Travel Protection Tourism Insurance Revenue, Gross Margin and Market Share (2019-2024)
    • 2.9.5 CSA Travel Protection Recent Developments and Future Plans
  • 2.10 USI Affinity
    • 2.10.1 USI Affinity Details
    • 2.10.2 USI Affinity Major Business
    • 2.10.3 USI Affinity Tourism Insurance Product and Solutions
    • 2.10.4 USI Affinity Tourism Insurance Revenue, Gross Margin and Market Share (2019-2024)
    • 2.10.5 USI Affinity Recent Developments and Future Plans
  • 2.11 Seven Corners
    • 2.11.1 Seven Corners Details
    • 2.11.2 Seven Corners Major Business
    • 2.11.3 Seven Corners Tourism Insurance Product and Solutions
    • 2.11.4 Seven Corners Tourism Insurance Revenue, Gross Margin and Market Share (2019-2024)
    • 2.11.5 Seven Corners Recent Developments and Future Plans
  • 2.12 MH Ross
    • 2.12.1 MH Ross Details
    • 2.12.2 MH Ross Major Business
    • 2.12.3 MH Ross Tourism Insurance Product and Solutions
    • 2.12.4 MH Ross Tourism Insurance Revenue, Gross Margin and Market Share (2019-2024)
    • 2.12.5 MH Ross Recent Developments and Future Plans
  • 2.13 Tokio Marine
    • 2.13.1 Tokio Marine Details
    • 2.13.2 Tokio Marine Major Business
    • 2.13.3 Tokio Marine Tourism Insurance Product and Solutions
    • 2.13.4 Tokio Marine Tourism Insurance Revenue, Gross Margin and Market Share (2019-2024)
    • 2.13.5 Tokio Marine Recent Developments and Future Plans
  • 2.14 Sompo Japan
    • 2.14.1 Sompo Japan Details
    • 2.14.2 Sompo Japan Major Business
    • 2.14.3 Sompo Japan Tourism Insurance Product and Solutions
    • 2.14.4 Sompo Japan Tourism Insurance Revenue, Gross Margin and Market Share (2019-2024)
    • 2.14.5 Sompo Japan Recent Developments and Future Plans
  • 2.15 Pingan Baoxian
    • 2.15.1 Pingan Baoxian Details
    • 2.15.2 Pingan Baoxian Major Business
    • 2.15.3 Pingan Baoxian Tourism Insurance Product and Solutions
    • 2.15.4 Pingan Baoxian Tourism Insurance Revenue, Gross Margin and Market Share (2019-2024)
    • 2.15.5 Pingan Baoxian Recent Developments and Future Plans
  • 2.16 STARR
    • 2.16.1 STARR Details
    • 2.16.2 STARR Major Business
    • 2.16.3 STARR Tourism Insurance Product and Solutions
    • 2.16.4 STARR Tourism Insurance Revenue, Gross Margin and Market Share (2019-2024)
    • 2.16.5 STARR Recent Developments and Future Plans
  • 2.17 Insubuy
    • 2.17.1 Insubuy Details
    • 2.17.2 Insubuy Major Business
    • 2.17.3 Insubuy Tourism Insurance Product and Solutions
    • 2.17.4 Insubuy Tourism Insurance Revenue, Gross Margin and Market Share (2019-2024)
    • 2.17.5 Insubuy Recent Developments and Future Plans

3 Market Competition, by Players

  • 3.1 Global Tourism Insurance Revenue and Share by Players (2019-2024)
  • 3.2 Market Share Analysis (2023)
    • 3.2.1 Market Share of Tourism Insurance by Company Revenue
    • 3.2.2 Top 3 Tourism Insurance Players Market Share in 2023
    • 3.2.3 Top 6 Tourism Insurance Players Market Share in 2023
  • 3.3 Tourism Insurance Market: Overall Company Footprint Analysis
    • 3.3.1 Tourism Insurance Market: Region Footprint
    • 3.3.2 Tourism Insurance Market: Company Product Type Footprint
    • 3.3.3 Tourism 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 Tourism Insurance Consumption Value and Market Share by Type (2019-2024)
  • 4.2 Global Tourism Insurance Market Forecast by Type (2025-2030)

5 Market Size Segment by Application

  • 5.1 Global Tourism Insurance Consumption Value Market Share by Application (2019-2024)
  • 5.2 Global Tourism Insurance Market Forecast by Application (2025-2030)

6 North America

  • 6.1 North America Tourism Insurance Consumption Value by Type (2019-2030)
  • 6.2 North America Tourism Insurance Consumption Value by Application (2019-2030)
  • 6.3 North America Tourism Insurance Market Size by Country
    • 6.3.1 North America Tourism Insurance Consumption Value by Country (2019-2030)
    • 6.3.2 United States Tourism Insurance Market Size and Forecast (2019-2030)
    • 6.3.3 Canada Tourism Insurance Market Size and Forecast (2019-2030)
    • 6.3.4 Mexico Tourism Insurance Market Size and Forecast (2019-2030)

7 Europe

  • 7.1 Europe Tourism Insurance Consumption Value by Type (2019-2030)
  • 7.2 Europe Tourism Insurance Consumption Value by Application (2019-2030)
  • 7.3 Europe Tourism Insurance Market Size by Country
    • 7.3.1 Europe Tourism Insurance Consumption Value by Country (2019-2030)
    • 7.3.2 Germany Tourism Insurance Market Size and Forecast (2019-2030)
    • 7.3.3 France Tourism Insurance Market Size and Forecast (2019-2030)
    • 7.3.4 United Kingdom Tourism Insurance Market Size and Forecast (2019-2030)
    • 7.3.5 Russia Tourism Insurance Market Size and Forecast (2019-2030)
    • 7.3.6 Italy Tourism Insurance Market Size and Forecast (2019-2030)

8 Asia-Pacific

  • 8.1 Asia-Pacific Tourism Insurance Consumption Value by Type (2019-2030)
  • 8.2 Asia-Pacific Tourism Insurance Consumption Value by Application (2019-2030)
  • 8.3 Asia-Pacific Tourism Insurance Market Size by Region
    • 8.3.1 Asia-Pacific Tourism Insurance Consumption Value by Region (2019-2030)
    • 8.3.2 China Tourism Insurance Market Size and Forecast (2019-2030)
    • 8.3.3 Japan Tourism Insurance Market Size and Forecast (2019-2030)
    • 8.3.4 South Korea Tourism Insurance Market Size and Forecast (2019-2030)
    • 8.3.5 India Tourism Insurance Market Size and Forecast (2019-2030)
    • 8.3.6 Southeast Asia Tourism Insurance Market Size and Forecast (2019-2030)
    • 8.3.7 Australia Tourism Insurance Market Size and Forecast (2019-2030)

9 South America

  • 9.1 South America Tourism Insurance Consumption Value by Type (2019-2030)
  • 9.2 South America Tourism Insurance Consumption Value by Application (2019-2030)
  • 9.3 South America Tourism Insurance Market Size by Country
    • 9.3.1 South America Tourism Insurance Consumption Value by Country (2019-2030)
    • 9.3.2 Brazil Tourism Insurance Market Size and Forecast (2019-2030)
    • 9.3.3 Argentina Tourism Insurance Market Size and Forecast (2019-2030)

10 Middle East & Africa

  • 10.1 Middle East & Africa Tourism Insurance Consumption Value by Type (2019-2030)
  • 10.2 Middle East & Africa Tourism Insurance Consumption Value by Application (2019-2030)
  • 10.3 Middle East & Africa Tourism Insurance Market Size by Country
    • 10.3.1 Middle East & Africa Tourism Insurance Consumption Value by Country (2019-2030)
    • 10.3.2 Turkey Tourism Insurance Market Size and Forecast (2019-2030)
    • 10.3.3 Saudi Arabia Tourism Insurance Market Size and Forecast (2019-2030)
    • 10.3.4 UAE Tourism Insurance Market Size and Forecast (2019-2030)

11 Market Dynamics

  • 11.1 Tourism Insurance Market Drivers
  • 11.2 Tourism Insurance Market Restraints
  • 11.3 Tourism 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

12 Industry Chain Analysis

  • 12.1 Tourism Insurance Industry Chain
  • 12.2 Tourism Insurance Upstream Analysis
  • 12.3 Tourism Insurance Midstream Analysis
  • 12.4 Tourism Insurance Downstream Analysis

13 Research Findings and Conclusion

    14 Appendix

    • 14.1 Methodology
    • 14.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Tourism Insurance. Industry analysis & Market Report on Tourism Insurance is a syndicated market report, published as Global Tourism Insurance Market 2024 by Company, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of Tourism Insurance market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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