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Tourism Insurance Market Analysis in 2024: Identifying Opportunities and ChallengesTourism Insurance Market Analysis in 2024: Identifying Opportunities and Challenges

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.
Published 03 April 2024


    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:

    The global market for Tourism Insurance was estimated to be worth US$ 20830 million in 2023 and is forecast to a readjusted size of US$ 26820 million by 2030 with a CAGR of 3.6% during the forecast period 2024-2030

    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.

Global Market Research Publisher QYResearch (QY Research) announces the release of its latest report “Tourism Insurance - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”. Based on 2024 market situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Tourism Insurance market, including market size, market share, market volume, demand, industry development status, and forecasts for the next few years.

The report provides advanced statistics and information on global market conditions and studies the strategic patterns adopted by renowned players across the globe. As the market is constantly changing, the report explores competition, supply and demand trends, as well as the key factors that contribute to its changing demands across many markets.

【Get a free sample PDF of this report (Including Full TOC, List of Tables & Figures, Chart)】

https://www.qyresearch.com/reports/2331468/tourism-insurance

Global Tourism Insurance Market: Driven factors and Restrictions factors

The research report encompasses a comprehensive analysis of the factors that affect the growth of the market. It includes an evaluation of trends, restraints, and drivers that influence the market positively or negatively. The report also outlines the potential impact of different segments and applications on the market in the future. The information presented is based on historical milestones and current trends, providing a detailed analysis of the production volume for each type from 2019 to 2030, as well as the production volume by region during the same period.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Tourism Insurance market is segmented as below:

By Company

    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

Segment by Type

    Medical Expense

    Trip Cancellation

    Trip Delay

    Property Damage

    Others

Segment by Application

    Domestic Tourism

    Oversea Tourism

 

Key Questions Addressed in this Report

  • What is the 10-year outlook for the global Safe Deposit Boxes(Safety Deposit Boxes) market?
  • What factors are driving Safe Deposit Boxes(Safety Deposit Boxes) market growth, globally and by region?
  • Which technologies are poised for the fastest growth by market and region?
  • How do Safe Deposit Boxes(Safety Deposit Boxes) market opportunities vary by end market size?
  • How does Safe Deposit Boxes(Safety Deposit Boxes) break out by Type, by Application?

Each chapter of the report provides detailed information for readers to further understand the Tourism Insurance market:

Chapter One: Introduces the study scope of this report, executive summary of market segment by type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Chapter Two: Detailed analysis of Tourism Insurance manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter Three: Sales, revenue of Tourism Insurance in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.

Chapter Four: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.

Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter Twelve: Analysis of sales channel, distributors and customers.

Chapter Thirteen: Research Findings and Conclusion.

Table of Contents

1 Tourism Insurance Market Overview

1.1 Tourism Insurance Product Overview

1.2 Tourism Insurance Market by Type

1.3 Global Tourism Insurance Market Size by Type

1.3.1 Global Tourism Insurance Market Size Overview by Type (2019-2030)

1.3.2 Global Tourism Insurance Historic Market Size Review by Type (2019-2024)

1.3.3 Global Tourism Insurance Forecasted Market Size by Type (2025-2030)

1.4 Key Regions Market Size by Type

1.4.1 North America Tourism Insurance Sales Breakdown by Type (2019-2024)

1.4.2 Europe Tourism Insurance Sales Breakdown by Type (2019-2024)

1.4.3 Asia-Pacific Tourism Insurance Sales Breakdown by Type (2019-2024)

1.4.4 Latin America Tourism Insurance Sales Breakdown by Type (2019-2024)

1.4.5 Middle East and Africa Tourism Insurance Sales Breakdown by Type (2019-2024)

2 Tourism Insurance Market Competition by Company

2.1 Global Top Players by Tourism Insurance Sales (2019-2024)

2.2 Global Top Players by Tourism Insurance Revenue (2019-2024)

2.3 Global Top Players by Tourism Insurance Price (2019-2024)

2.4 Global Top Manufacturers Tourism Insurance Manufacturing Base Distribution, Sales Area, Product Type 

2.5 Tourism Insurance Market Competitive Situation and Trends

2.5.1 Tourism Insurance Market Concentration Rate (2019-2024)

2.5.2 Global 5 and 10 Largest Manufacturers by Tourism Insurance Sales and Revenue in 2023

2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Tourism Insurance as of 2023)

2.7 Date of Key Manufacturers Enter into Tourism Insurance Market

2.8 Key Manufacturers Tourism Insurance Product Offered

2.9 Mergers & Acquisitions, Expansion  

...

Overall, this report strives to provide you with the insights and information you need to make informed business decisions and stay ahead of the competition.


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