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旅遊保險的全球市場:預測(2022年～2027年)
市場調查報告書
商品編碼
1105148

旅遊保險的全球市場:預測(2022年～2027年)

Global Travel Insurance Market - Forecasts from 2022 to 2027
出版日期: | 出版商: Knowledge Sourcing Intelligence | 英文 145 Pages | 商品交期: 最快1-2個工作天內

價格
簡介目錄

全球旅遊保險的市場規模預測將從2020年的297億3,000萬美元，到2027年成為516億8,300萬美元，從2020年到2027年的預測期間內預計將以年複合成長率8.22％。

本報告提供全球旅遊保險市場相關調查分析，提供市場動態，市場分析，競爭資訊，企業簡介等系統性資訊。

目錄

第1章 簡介

  • 市場概要
  • COVID-19方案
  • 市場定義
  • 市場區隔

第2章 調查手法

  • 調查資料
  • 假設

第3章 摘要整理

  • 調查的重點

第4章 市場動態

  • 推動市場要素
  • 阻礙市場要素
  • 波特的五力分析
    • 供給企業談判力
    • 買主談判力
    • 替代品的威脅
    • 新加入廠商業者的威脅
    • 有產業的競爭企業間的敵對關係的競爭
  • 產業的價值鏈分析

第5章 旅遊保險市場:各保險計劃類型

  • 簡介
  • 旅遊取消保險
  • 隨身行李或帶著去品的遺失保險
  • 醫療保險
  • 其他

第6章 旅遊保險市場:各應用領域

  • 簡介
  • 國內
  • 海外

第7章 旅遊保險市場:各旅遊類型

  • 簡介
  • 商務
  • 休閒
  • 教育

第8章 旅遊保險市場:各國

  • 簡介
  • 北美
  • 南美
  • 歐洲
  • 中東和非洲
  • 亞太地區

第9章 競爭環境與分析

  • 主要企業策略分析
  • 新興企業與市場的有利性
  • 合併，收購，協定，及的聯盟
  • 供應商的競爭力矩陣

第10章 企業簡介

  • Tata AIG General Insurance Company Limited
  • Berkshire Hathaway Specialty Insurance Company
  • AXA Assistance
  • Seven Corners Inc.
  • Allianz Assistance
  • Aviva
  • Travel Insured International
  • Generali Global Assistance & Insurance Services
  • Travelex Insurance Services Inc.
  • USI Affinity Travel Insurance Services
簡介目錄
Product Code: KSI061613509

The travel insurance market is projected to grow at a CAGR of 8.22% during the forecast period to reach US$51.683 billion by 2027, from US$29.730 billion in 2020. Travel Insurance is a protection policy for tourists and travellers, which covers unforeseen losses and damages while travelling. Most travel insurance plans usually primarily cover emergency medical bills while travelling abroad, however comprehensive policies usually include trip cancellation, lost luggage, aircraft delays, public liability, as well as other costs. Travel insurance policies are usually available for both international tourists, as well as domestic travellers.

Market Trend:

The global travel insurance market is expected to rise substantially as countries have started to relax lockdowns and COVID-19 measures. The market has also seen an increase in revenge spending among people, where consumers spend more money on products and services than they normally would, due to the COVID-19 pandemic. Revenge spending has affected the overall economic growth of countries positively and is expected to drive the tourism sector and the travel insurance market. However, developing countries still lag behind in the travel insurance market, mostly due to the rising cost of travel insurance policies. Unless strict measures are implemented for the market prices, the developing countries will continue to lag behind.

Growth Factors

  • Increase in travel after the pandemic

Owing to the COVID-19 outbreak and the government-imposed lockdowns, the travel industry saw a massive decline in the market. However, the global tourism sector has been recovering past the pandemic and the tourism sector is expected to see a huge increase in revenue generation. The increase in revenge spending among people has been considered an important factor in this increase in tourism revenue. In January 2022, international tourism continued to improve, with a substantially higher performance than in the first half of 2021. Global foreign tourist visits more than doubled (+130 percent) in January 2022 compared to January 2021, according to the UNWTO; the 18 million additional visitors reported in the first month of this year match the overall rise for the entire year of 2021.

With the increasing higher education market, the travel insurance market demand is also expected to increase post the virus outbreak. Students and parents, mostly from developing countries, have realized the potential for students to receive proper education in countries with developed educational environments. While most countries do not require travel insurance, some countries, like Germany require mandatory travel insurance for students to acquire a Schengen visa. Travel agents also recommend getting travel insurance for countries that do not have public healthcare services, like the USA and China.

  • Advancements in the sector

With the growing adoption of smartphones and handheld devices, travel bookings and insurance policies have become more accessible for the common people. Travel agency websites and services have made it easier for consumers to book, transact and cancel tickets and bookings for the users. Travel websites also provide offers and rewards for both domestic and international travelers throughout the year.

The International Medical Group (IMG) has been honored with two Forbes Advisor Best of 2022 Awards categories: Best Travel Insurance Companies of 2022 and Best 'Cancel for Any Reason' Travel Insurance of 2022. IMG was recognized to be one of the best travel insurance companies among 45 other competitors.

Recently, AXA UK Plc, an AXA business entity that provides a wide range of travel services, specialized insurance, and credit protection products, has announced its plan to partner up with Trip.com to extend a travel insurance policy throughout Europe. The travel insurance plan, which has been offered in the UK in September 2021, offers a wide range of advantages, including medical, cancellation, and luggage coverage, and may be selected when booking a ticket on Trip.com, a worldwide travel agency and part of the Trip.com Group. Customers are also protected from cancellation and medical charges if they contract COVID-19 under the coverage. Europe still remains one of the biggest markets for the travel insurance industry, and joint efforts like these really help in uplifting the sector.

Restrain

  • Lack of focus on developing countries

Travel insurance has become an important asset for travelers around the world. Some countries have even made travel insurance mandatory for international tourists. However, despite the significant potential of travel insurance, it still happens to be a secondary choice for travellers from developing or small countries. Owing to its non-economical and expensive pricing, travel insurance is considered to be unnecessary by developing countries.

Moreover, the economic growth in these developing nations is usually slower than in other countries, owing to the COVID-19 pandemic and global market scenario. The United Nations Conference on Trade and Development (UNCTAD) has lowered its prediction for global economic growth in 2022 from 3.6 percent to 2.6 percent, warning that developing nations will be the most susceptible. This fall in the economic growth of developing nations would consequently decrease the scope for the travel industry, as well as the travel insurance market. According to data from the UNWTO, the number of foreign visitor arrivals decreased by 84% between March and December 2020 compared to the previous year. Europe, one of the biggest markets for the travel insurance market, also faced massive losses due to the pandemic. According to the data released by the TRAN Committee, the impact of travel and tourism on overall GDP in Europe fell from 9.5 percent in 2019 to 4.9 percent in 2020. In 2020, international tourism arrivals in Europe fell by 70% compared to 2019.

The COVID-19 pandemic left an everlasting effect on the travel insurance market. The government imposed lockdowns, and with the increasing number of people getting affected by the virus, people were forced to cancel travel plans and bookings, leading to the global travel industry facing a massive downfall.

Market Segmentation:

  • By Type of Insurance Plan

Trip Cancellation Insurance

Baggage or Personal Item Loss Insurance

Medical Insurance

Others

  • By Application

Domestic

International

  • By Type of Travel

Business

Leisure

Education

  • By Geography

North America

  • USA
  • Canada
  • Mexico

South America

  • Brazil
  • Argentina
  • Others

Europe

  • Germany
  • France
  • United Kingdom
  • Spain
  • Others

Middle East and Africa

  • Saudi Arabia
  • Israel
  • South Africa
  • Others

Asia Pacific

  • China
  • Japan
  • South Korea
  • India
  • Others

TABLE OF CONTENTS

1. INTRODUCTION

  • 1.1. Market Overview
  • 1.2. Covid-19 Scenario
  • 1.3. Market Definition
  • 1.4. Market Segmentation

2. RESEARCH METHODOLOGY

  • 2.1. Research Data
  • 2.2. Assumptions

3. EXECUTIVE SUMMARY

  • 3.1. Research Highlights

4. MARKET DYNAMICS

  • 4.1. Market Drivers
  • 4.2. Market Restraints
  • 4.3. Porters Five Forces Analysis
    • 4.3.1. Bargaining Power of Suppliers
    • 4.3.2. Bargaining Powers of Buyers
    • 4.3.3. Threat of Substitutes
    • 4.3.4. Threat of New Entrants
    • 4.3.5. Competitive Rivalry in the Industry
  • 4.4. Industry Value Chain Analysis

5. TRAVEL INSURANCE MARKET, BY TYPE OF INSURANCE PLAN

  • 5.1. Introduction
  • 5.2. Trip Cancellation Insurance
  • 5.3. Baggage or Personal Item Loss Insurance
  • 5.4. Medical Insurance
  • 5.5. Others

6. TRAVEL INSURANCE MARKET, BY APPLICATION

  • 6.1. Introduction
  • 6.2. Domestic
  • 6.3. International

7. TRAVEL INSURANCE MARKET, BY TYPE OF TRAVEL

  • 7.1. Introduction
  • 7.2. Business
  • 7.3. Leisure 
  • 7.4. Education

8. TRAVEL INSURANCE MARKET, BY COUNTRY

  • 8.1. Introduction
  • 8.2. North America
    • 8.2.1. North America Travel Insurance Market, By Type of Insurance Plan, 2020 to 2027
    • 8.2.2. North America Travel Insurance Market, By Application, 2020 to 2027
    • 8.2.3. North America Travel Insurance Market, By Type of Travel, 2020 to 2027
    • 8.2.4. North America Travel Insurance Market, By Country, 2020 to 2027
      • 8.2.4.1. USA
      • 8.2.4.2. Canada
      • 8.2.4.3. Mexico
  • 8.3. South America
    • 8.3.1. South America Travel Insurance Market, By Type of Insurance Plan, 2020 to 2027
    • 8.3.2. South America Travel Insurance Market, By Application, 2020 to 2027
    • 8.3.3. South America Travel Insurance Market, By Type of Travel, 2020 to 2027
    • 8.3.4. South America Travel Insurance Market, By Country, 2020 to 2027
      • 8.3.4.1. Brazil
      • 8.3.4.2. Argentina
      • 8.3.4.3. Others
  • 8.4. Europe
    • 8.4.1. Europe Travel Insurance Market, By Type of Insurance Plan, 2020 to 2027
    • 8.4.2. Europe Travel Insurance Market, By Application, 2020 to 2027
    • 8.4.3. Europe Travel Insurance Market, By Type of Travel, 2020 to 2027
    • 8.4.4. Europe Travel Insurance Market, By Country, 2020 to 2027
      • 8.4.4.1. Germany
      • 8.4.4.2. France
      • 8.4.4.3. United Kingdom
      • 8.4.4.4. Spain
      • 8.4.4.5. Others
  • 8.5. Middle East and Africa
    • 8.5.1. Middle East and Africa Travel Insurance Market, By Type of Insurance Plan, 2020 to 2027
    • 8.5.2. Middle East and Africa Travel Insurance Market, By Application, 2020 to 2027
    • 8.5.3. Middle East and Africa Travel Insurance Market, By Type of Travel, 2020 to 2027
    • 8.5.4. Middle East and Africa Travel Insurance Market, By Country, 2020 to 2027
      • 8.5.4.1. Saudi Arabia
      • 8.5.4.2. Israel
      • 8.5.4.3. South Africa
      • 8.5.4.4. Others
  • 8.6. Asia Pacific
    • 8.6.1. Asia Pacific Travel Insurance Market, By Type of Insurance Plan, 2020 to 2027
    • 8.6.2. Asia Pacific Travel Insurance Market, By Application, 2020 to 2027
    • 8.6.3. Asia Pacific Travel Insurance Market, By Type of Travel, 2020 to 2027
    • 8.6.4. Asia Pacific Travel Insurance Market, By Country, 2020 to 2027
      • 8.6.4.1. China
      • 8.6.4.2. Japan
      • 8.6.4.3. South Korea
      • 8.6.4.4. India
      • 8.6.4.5. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

  • 9.1. Major Players and Strategy Analysis
  • 9.2. Emerging Players and Market Lucrative
  • 9.3. Mergers, Acquisition, Agreements, and Collaborations
  • 9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES

  • 10.1. Tata AIG General Insurance Company Limited
  • 10.2. Berkshire Hathaway Specialty Insurance Company
  • 10.3. AXA Assistance
  • 10.4. Seven Corners Inc.
  • 10.5. Allianz Assistance
  • 10.6. Aviva
  • 10.7. Travel Insured International
  • 10.8. Generali Global Assistance & Insurance Services
  • 10.9. Travelex Insurance Services Inc.
  • 10.10. USI Affinity Travel Insurance Services