Tourism Insurance Market Size and Growth Analysis 2024: Key Manufacturers, Latest Trends, Forecast to 2032
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 are manufacturers listed in the Tourism Insurance Market Report.
The Global “Tourism Insurance Market” 2024–2030 Research Report offers a detailed analysis, categorizing the market by Types (Medical Expense, Trip Cancellation, Trip Delay, Property Damage, Others) and Applications (Domestic Tourism, Oversea Tourism). This report explores consumer requirements, preferences, and expectations. It measures the size of the Tourism Insurance market, analyses competitors, examines industry trends, and estimates growth potential. The primary goal of Tourism Insurance market research is to address complex questions related to new product development, technological innovations, emerging market trends, and technology scouting and landscaping in strategic management. Additionally, it involves developing a go-to-market strategy, which includes creating marketing plans, defining target market profiles, and implementing sales and distribution strategies. The research also assesses the competitive environment to strategically position a product according to its life cycle and innovation curve.
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Market Analysis and Insights: Global Tourism Insurance Market
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 3.4percentage 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-in?icted injury, acts of terrorism, non-approved pre-existing medical conditions, “dangerous” or extreme activities, and policyholders being under the in?uence 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 50percentage 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 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.
Market segmentation
Tourism Insurance market is split by Type and by Application. For the period 2019-2030, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
The major players covered in the Tourism Insurance market report are:
- 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 Type, covers
- Medical Expense
- Trip Cancellation
- Trip Delay
- Property Damage
- Others
Market segment by Application can be divided into
- Domestic Tourism
- Oversea Tourism
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Market segment by region, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
- Chapter 1, to describe Tourism Insurance product scope, market overview, market estimation caveats and base year.
- Chapter 2, to profile the top manufacturers of Tourism Insurance, with price, sales, revenue and global market share of Tourism Insurance from 2019 to 2024.
- Chapter 3, the Tourism Insurance competitive situation, sales quantity, revenue and global market share of top manufacturers are analysed emphatically by landscape contrast.
- Chapter 4, the Tourism Insurance breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
- Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
- Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Tourism Insurance market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
- Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
- Chapter 13, the key raw materials and key suppliers, and industry chain of Tourism Insurance.
- Chapter 14 and 15, to describe Tourism Insurance sales channel, distributors, customers, research findings and conclusion.
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Questions answered in the Tourism Insurance market research report:
- What is the Tourism Insurance market size?
- What are the market driving factors behind the Tourism Insurance market?
- What are the market trends and forecast for the global Tourism Insurance market?
- What are the trends and forecasts based on market research and analysis of Tourism Insurance market segmentation by type, application, and geography?
- Which are the major global Tourism Insurance companies?
- What is the CAGR and Revenue expected in future?
Detailed TOC of Global Tourism Insurance Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030
1 Tourism Insurance Market Overview
1.1 Introduction
1.2 Market Analysis by Type
1.2.1 Overview: Global Revenue by Type: 2017 Versus 2021 Versus 2030
1.3 Market Analysis by Application
1.4 Global Market Size & Forecast
1.4.1 Global Sales in Value (2017 & 2021 & 2030)
1.4.2 Global Sales in Volume (2019-2030)
1.4.3 Global Price (2019-2030)
1.5 Global Production Capacity Analysis
1.5.1 Global Total Production Capacity (2019-2030)
1.5.2 Global Production Capacity by Geographic Region
1.6 Market Drivers, Restraints and Trends
1.6.1 Tourism Insurance Market Drivers
1.6.2 Tourism Insurance Market Restraints
1.6.3 Tourism Insurance Trends Analysis
2 Manufacturers Profiles
2.1 Manufacture 1
2.1.1 Manufacture 1 Details
2.1.2 Manufacture 1 Major Business
2.1.3 Manufacture 1 Tourism Insurance Product and Services
2.1.4 Manufacture 1 Tourism Insurance Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2024)
2.2 Manufacture 2
2.2.1 Manufacture 2 Details
2.2.2 Manufacture 2 Major Business
2.2.3 Manufacture 2 Tourism Insurance Product and Services
2.2.4 Manufacture 2 Tourism Insurance Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2024)
2.3 Manufacture 3
2.3.1 Manufacture 3 Details
2.3.2 Manufacture 3 Major Business
2.3.3 Manufacture 3 Tourism Insurance Product and Services
2.3.4 Manufacture 3 Tourism Insurance Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2024)
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3 Tourism Insurance Breakdown Data by Manufacturer
3.1 Global Tourism Insurance Sales in Volume by Manufacturer (2019, 2020, 2021, and 2024)
3.2 Global Tourism Insurance Revenue by Manufacturer (2019, 2020, 2021, and 2024)
3.3 Key Manufacturer Market Position in Tourism Insurance
3.4 Market Concentration Rate
3.4.1 Top 3 Tourism Insurance Manufacturer Market Share in 2021
3.4.2 Top 6 Tourism Insurance Manufacturer Market Share in 2021
3.5 Global Tourism Insurance Production Capacity by Company: 2021 VS 2024
3.6 Manufacturer by Geography: Head Office and Tourism Insurance Production Site
3.7 New Entrant and Capacity Expansion Plans
3.8 Mergers & Acquisitions
4 Tourism Insurance Market Analysis by Region
4.1 Global Market Size by Region
4.1.1 Global Sales in Volume by Region (2019-2030)
4.1.2 Global Revenue by Region (2019-2030)
4.2 North America Tourism Insurance Revenue (2019-2030)
4.3 Europe Tourism Insurance Revenue (2019-2030)
4.4 Asia-Pacific Revenue (2019-2030)
4.5 South America Revenue (2019-2030)
4.6 Middle East and Africa Revenue (2019-2030)
5 Tourism Insurance Market Segment by Type
5.1 Global Sales in Volume by Type (2019-2030)
5.2 Global Revenue by Type (2019-2030)
5.3 Global Price by Type (2019-2030)
6 Tourism Insurance Market Segment by Application
6.1 Global Sales in Volume by Application (2019-2030)
6.2 Global Revenue by Application (2019-2030)
6.3 Global Price by Application (2019-2030)
7 North America by Country, by Type, and by Application
7.1 North America Tourism Insurance Sales by Type (2019-2030)
7.2 North America Tourism Insurance Sales by Application (2019-2030)
7.3 North America Tourism Insurance Market Size by Country
7.3.1 North America Tourism Insurance Sales in Volume by Country (2019-2030)
7.3.2 North America Tourism Insurance Revenue by Country (2019-2030)
7.3.3 United States Market Size and Forecast (2019-2030)
7.3.4 Canada Market Size and Forecast (2019-2030)
7.3.5 Mexico Market Size and Forecast (2019-2030)
8 Europe by Country, by Type, and by Application
8.1 Europe Tourism Insurance Sales by Type (2019-2030)
8.2 Europe Tourism Insurance Sales by Application (2019-2030)
8.3 Europe Tourism Insurance Market Size by Country
8.3.1 Europe Tourism Insurance Sales in Volume by Country (2019-2030)
8.3.2 Europe Tourism Insurance Revenue by Country (2019-2030)
8.3.3 Germany Market Size and Forecast (2019-2030)
8.3.4 France Market Size and Forecast (2019-2030)
8.3.5 United Kingdom Market Size and Forecast (2019-2030)
8.3.6 Russia Market Size and Forecast (2019-2030)
8.3.7 Italy Market Size and Forecast (2019-2030)
9 Asia-Pacific by Region, by Type, and by Application
9.1 Asia-Pacific Tourism Insurance Sales by Type (2019-2030)
9.2 Asia-Pacific Tourism Insurance Sales by Application (2019-2030)
9.3 Asia-Pacific Tourism Insurance Market Size by Region
9.3.1 Asia-Pacific Tourism Insurance Sales in Volume by Region (2019-2030)
9.3.2 Asia-Pacific Tourism Insurance Revenue by Region (2019-2030)
9.3.3 China Market Size and Forecast (2019-2030)
9.3.4 Japan Market Size and Forecast (2019-2030)
9.3.5 Korea Market Size and Forecast (2019-2030)
9.3.6 India Market Size and Forecast (2019-2030)
9.3.7 Southeast Asia Market Size and Forecast (2019-2030)
9.3.8 Australia Market Size and Forecast (2019-2030)
10 South America by Region, by Type, and by Application
10.1 South America Tourism Insurance Sales by Type (2019-2030)
10.2 South America Tourism Insurance Sales by Application (2019-2030)
10.3 South America Tourism Insurance Market Size by Country
10.3.1 South America Tourism Insurance Sales in Volume by Country (2019-2030)
10.3.2 South America Tourism Insurance Revenue by Country (2019-2030)
10.3.3 Brazil Market Size and Forecast (2019-2030)
10.3.4 Argentina Market Size and Forecast (2019-2030)
11 Middle East & Africa by Country, by Type, and by Application
11.1 Middle East & Africa Tourism Insurance Sales by Type (2019-2030)
11.2 Middle East & Africa Tourism Insurance Sales by Application (2019-2030)
11.3 Middle East & Africa Tourism Insurance Market Size by Country
11.3.1 Middle East & Africa Tourism Insurance Sales in Volume by Country (2019-2030)
11.3.2 Middle East & Africa Tourism Insurance Revenue by Country (2019-2030)
11.3.3 Turkey Market Size and Forecast (2019-2030)
11.3.4 Egypt Market Size and Forecast (2019-2030)
11.3.5 Saudi Arabia Market Size and Forecast (2019-2030)
11.3.6 South Africa Market Size and Forecast (2019-2030)
12 Raw Material and Industry Chain
12.1 Raw Material of Tourism Insurance and Key Manufacturers
12.2 Manufacturing Costs Percentage of Tourism Insurance
12.3 Tourism Insurance Production Process
12.4 Tourism Insurance Industrial Chain
13 Sales Channel, Distributors, Traders and Dealers
13.1 Sales Channel
13.1.1 Direct Marketing
13.1.2 Indirect Marketing
13.2 Tourism Insurance Typical Distributors
13.3 Tourism Insurance Typical Customers
14 Research Findings and Conclusion
15 Appendix
15.1 Methodology
15.2 Research Process and Data Source
15.3 Disclaimer
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