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Global Travel Insurance Market 2016-2020

Published: Jun 27, 2016 | Pages: 55 | Publisher: Technavio | Industry: Travel Services | Report Format: Electronic (PDF)

About the Travel Insurance Market

Travel insurance covers the expense, such as trip cancellation, cancellation due to the medical emergency, resulting from unexpected events during domestic and international travel. Some of these policies also pay for damage to rented equipment, such as car, or for ransom in case of kidnapping. Many online companies that sell flight tickets or tour packages offer travel insurance at an additional cost to its customers.
Travel insurance is a hard-selling product. Regulatory authorities and governments of several countries worldwide have made travel insurance mandatory, which will likely increase the uptake of these products during the forecast period and expand business and increase profitability of travel insurance providers. Growing market and evolving demand have pushed the insurance companies to develop and customize products to suit client needs, making the market highly competitive for the local and international private travel insurance companies that offer competitive pricing for their products.

Technavio's analysts forecast the global travel insurance market to grow at a CAGR of 11.6% during the period 2016-2020.

Covered in this report 
The report covers the present scenario and the growth prospects of the global travel insurance market for 2016-2020. To calculate the market size, the report considers the total gross premium generated from EMEA, APAC, and the Americas.
The market is divided into the following segments based on geography: 
• Americas
• APAC
• EMEA

Technavio's report, Global Travel Insurance Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors ?operating in this market. 

Key vendors 
• CSA Travel Protection
• Seven Corners 
• TravelSafe Insurance 
• USI Affinity

Other prominent vendors 
• ACE Asia Pacific
• Allianz Global Assistance
• American International Group Inc.
• AXA

Market driver 
• Growing tourism and business travels
• For a full, detailed list, view our report 

Market challenge 
• Different healthcare laws in different countries
• For a full, detailed list, view our report 

Market trend 
• Insurance for unconventional expenses
• For a full, detailed list, view our report 

Key questions answered in this report 
• What will the market size be in 2020 and what will the growth rate be?
• What are the key Market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the Key vendors in this market space?
• What are the market opportunities and threats faced by the Key vendors ?
• What are the strengths and weaknesses of the Key vendors ? 

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.
 Table of Contents
PART 01: Executive summary • Highlights PART 02: Scope of the report • Market overview • Top-vendor offerings PART 03: Market research methodology • Research methodology • Economic indicators PART 04: Introduction • Key market highlights • Definition of travel insurance • Insurance transaction PART 05: Market landscape • Market overview • Market size and forecast • Five forces analysis PART 06: Geographical segmentation • Geographical segmentation • Travel insurance market in EMEA • Travel insurance market in Americas • Travel insurance market in APAC PART 07: Market drivers PART 08: Impact of drivers PART 09: Market challenges PART 10: Impact of drivers and challenges PART 11: Market trends PART 12: Vendor landscape • Competitive landscape • Major company overview • Other prominent vendors • Key takeaways PART 13: Appendix • List of abbreviations PART 14: Explore Technavio
List of Exhibits Exhibit 01: Key leading countries Exhibit 02: Product and services offerings Exhibit 03: Comparison of coverages of travel insurance plans Exhibit 04: Lifecycle of insurance Exhibit 05: Categories of travel insurance Exhibit 06: Annual revenue passenger kilometers (billions) Exhibit 07: Global travel insurance market 2015-2020 ($ billions) Exhibit 08: Five forces analysis Exhibit 09: Global travel insurance market 2015 Exhibit 10: Global travel insurance market 2020 Exhibit 11: Travel insurance market in EMEA 2015-2020 ($ billions) Exhibit 12: Travel insurance offerings to different customer segments Exhibit 13: Travel insurance market in Americas 2015-2020 ($ billions) Exhibit 14: Travel insurance market in APAC 2015-2020 ($ billions) Exhibit 15: Impact of drivers Exhibit 16: Impact of drivers and challenges Exhibit 17: Factors driving customer satisfaction Exhibit 18: Customer satisfaction Exhibit 19: Innovations in customer services Exhibit 20: Buying behavior of customers in travel insurance products Exhibit 21: Insurance segment with significant use of analytics (actuarial and underwriting) Exhibit 22: Insurance segment with significant use of analytics (claims processing) Exhibit 23: Insurance segment with significant use of analytics (fraud) Exhibit 24: Social media benefits for insurance firms Exhibit 25: Other prominent vendors

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