Global Travel Insurance Market Report, History and Forecast 2015-2026, Breakdown Data by Companies, Key Regions, Types and Application

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 can be purchased from travel agents, travel suppliers (airlines, hotels, cruise lines, tour operators) a private insurance firm, insurance brokers, or online.
The revenue in this report all refer to the Premium Revenue from Travel Insurance.
The characteristics of fine travel insurance unit of measurement as follow:
Travel insurance is primarily driven by outbound travel. Due to the development of travel industry, travel insurance market developed fast in recent years. USA, Europe and Japan are the major market of travel insurance. China and other developing countries are the emerging market. Viewed from the supply side, there are many companies provide travel insurance, while from the demand side, the current demand for travel insurance is growing.
At present, there are a mass of companies offering Travel Insurance service in the market. Leading five companies occupy about 41.85% of the market share. They are Allianz, Munich Re Group, AIG, Assicurazioni Generali and Prudential.

Market Analysis and Insights: Global Travel Insurance Market
The research report studies the Travel Insurance market using different methodologies and analyzes to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.
The global Travel Insurance market size is projected to reach US$ 27880 million by 2026, from US$ 19380 million in 2020, at a CAGR of 6.3% during 2021-2026.

Global Travel Insurance Scope and Segment
The global Travel Insurance market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Travel Insurance market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.

Segment by Type, the Travel Insurance market is segmented into
Trip Cancellation
Trip Delay
Medical Expense
Property Damage
Other

Segment by Application, the Travel Insurance market is segmented into
Family Traveler
Senior Citizens
Business Traveler
Others

Global Travel Insurance market: regional analysis, the major regions covered in the report are:
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa

The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market.

The major vendors covered:
Allianz
Munich Re Group
AIG
Assicurazioni Generali
Prudential
ACE&Chubb
Manulife
UnitedHealthcare Global
Mapfre
AXA
Tokio Marine Holdings
China Pacific insurance
Hanse Merkur
Ping An Insurance (Group) Company of China
People's insurance company of China
China Life