The global travel insurance market is expected to grow at a CAGR of around 8.0% during 2024-2033. This report on global travel insurance market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global travel insurance market by segmenting the market based on insurance type, coverage, distributional channel, end-user, and region. Also, detailed profiles of companies operating in the travel insurance market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

Market Drivers
• Increasing Spending on Travel Protection Plans
• Mandatory Travel Insurance Policies in North America & Europe
• Growth in Tourism Industry in Latin America & MEA

Market Challenges
• Decline in International Travelling Activities due to Coronavirus Pandemics
• Lack of Consumer Experiences in Terms of its Coverages and Premium Rates

Historical & Forecast Period

Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033

Market by Insurance Type
• Single-Trip Travel Insurance
• Annual Multi-Trip Insurance
• Long-Stay Travel Insurance

Market by Coverage
• Medical Expenses
• Trip Cancellation
• Trip Delay
• Property Damage
• Others

Market by Distribution Channel
• Insurance Intermediaries
• Banks
• Insurance Companies
• Insurance Aggregators
• Insurance Brokers
• Others

Market by End-User
• Senior Citizens
• Education Travelers
• Business Travelers
• Family Travelers
• Others

Market by Region
• Europe
o Germany
o United Kingdom
o France
o Italy
o Spain
o Russia
o Netherlands
o Rest of Europe
• North America
o United States
o Canada
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Rest of Asia Pacific
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
• Middle East & Africa
o Saudi Arabia
o Turkey
o Iran
o United Arab Emirates
o Rest of Middle East & Africa