The global business travel insurance market is expected to grow at a CAGR of 6.2% during the forecast period, from 2021 to 2030. The segment of single trip coverage holds a comparatively larger share in global market, which accounts for about 69.7%. The insurance intermediaries hold an important share in terms of applications, and accounts for 50% of the market share. North America is expected to be the largest contributor to the global business travel insurance market with a revenue contribution of $1,890 million by 2030 end.
Some Of The Growth Factors Of This Market:
- The global economy is recovering and the world's GDP is expected to grow by 3.5% in 2017, which will lead to an increase in business travel.
- The number of business travelers has increased by 4% since 2010, with a projected increase of 5% from 2016-2020.
- Business travel spending is expected to reach $1 trillion USD by 2020, up from $890 billion USD in 2015.
- There are more than 1 million international business trips per day and this number is expected to grow as the global economy recovers.
- Businesses are increasingly investing in their employees' safety and security.
Industry Growth Insights published a new data on “Business Travel Insurance Market”. The research report is titled “Business Travel Insurance Market research by Types (Single Trip Coverage, Annual Multi Trip Coverage, Other, The segment of single trip coverage holds a comparatively larger share in global market, which accounts for about 69.7%., Business Travel Insuranc), By Applications (Insurance Intermediaries, Insurance Company, Bank, Insurance Broker, Other, The insurance intermediaries hold an important share in terms of applications, and accounts for 50% of the market share.), By Players/Companies Allianz, AIG, Zurich, Genarali, AXA Group, PICC, Tokio Marine, Sompo Japan, Chubb, MetLife, Mapfre Asistencia, Hanse Merkur, Pin An, Business Travel Insuranc”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Business Travel Insurance Market Research Report
By Type
Single Trip Coverage, Annual Multi Trip Coverage, Other, The segment of single trip coverage holds a comparatively larger share in global market, which accounts for about 69.7%., Business Travel Insuranc
By Application
Insurance Intermediaries, Insurance Company, Bank, Insurance Broker, Other, The insurance intermediaries hold an important share in terms of applications, and accounts for 50% of the market share.
By Companies
Allianz, AIG, Zurich, Genarali, AXA Group, PICC, Tokio Marine, Sompo Japan, Chubb, MetLife, Mapfre Asistencia, Hanse Merkur, Pin An, Business Travel Insuranc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Business Travel Insurance Market Report Segments:
The global Business Travel Insurance market is segmented on the basis of:
Types
Single Trip Coverage, Annual Multi Trip Coverage, Other, The segment of single trip coverage holds a comparatively larger share in global market, which accounts for about 69.7%., Business Travel Insuranc
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Insurance Intermediaries, Insurance Company, Bank, Insurance Broker, Other, The insurance intermediaries hold an important share in terms of applications, and accounts for 50% of the market share.
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Allianz
- AIG
- Zurich
- Genarali
- AXA Group
- PICC
- Tokio Marine
- Sompo Japan
- Chubb
- MetLife
- Mapfre Asistencia
- Hanse Merkur
- Pin An
- Business Travel Insuranc
Highlights of The Business Travel Insurance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Trip Coverage
- Annual Multi Trip Coverage
- Other
- The segment of single trip coverage holds a comparatively larger share in global market, which accounts for about 69.7%.
- Business Travel Insuranc
- By Application:
- Insurance Intermediaries
- Insurance Company
- Bank
- Insurance Broker
- Other
- The insurance intermediaries hold an important share in terms of applications, and accounts for 50% of the market share.
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Business Travel Insurance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Business travel insurance is a type of insurance that covers you and your employees while you are away from home on business. It can cover things like medical expenses, lost wages, and more.
Some of the key players operating in the business travel insurance market are Allianz, AIG, Zurich, Genarali, AXA Group, PICC, Tokio Marine, Sompo Japan, Chubb, MetLife, Mapfre Asistencia, Hanse Merkur, Pin An, Business Travel Insuranc.
The business travel insurance market is expected to grow at a compound annual growth rate of 6.2%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Business Travel Insurance Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Business Travel Insurance Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Business Travel Insurance Market - Supply Chain
4.5. Global Business Travel Insurance Market Forecast
4.5.1. Business Travel Insurance Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Business Travel Insurance Market Size (000 Units) and Y-o-Y Growth
4.5.3. Business Travel Insurance Market Absolute $ Opportunity
5. Global Business Travel Insurance Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Business Travel Insurance Market Size and Volume Forecast by Type
5.3.1. Single Trip Coverage
5.3.2. Annual Multi Trip Coverage
5.3.3. Other
5.3.4. The segment of single trip coverage holds a comparatively larger share in global market, which accounts for about 69.7%.
5.3.5. Business Travel Insuranc
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Business Travel Insurance Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Business Travel Insurance Market Size and Volume Forecast by Application
6.3.1. Insurance Intermediaries
6.3.2. Insurance Company
6.3.3. Bank
6.3.4. Insurance Broker
6.3.5. Other
6.3.6. The insurance intermediaries hold an important share in terms of applications, and accounts for 50% of the market share.
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Business Travel Insurance Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Business Travel Insurance Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Business Travel Insurance Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Business Travel Insurance Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Business Travel Insurance Demand Share Forecast, 2019-2026
9. North America Business Travel Insurance Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Business Travel Insurance Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Business Travel Insurance Market Size and Volume Forecast by Application
9.4.1. Insurance Intermediaries
9.4.2. Insurance Company
9.4.3. Bank
9.4.4. Insurance Broker
9.4.5. Other
9.4.6. The insurance intermediaries hold an important share in terms of applications, and accounts for 50% of the market share.
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Business Travel Insurance Market Size and Volume Forecast by Type
9.7.1. Single Trip Coverage
9.7.2. Annual Multi Trip Coverage
9.7.3. Other
9.7.4. The segment of single trip coverage holds a comparatively larger share in global market, which accounts for about 69.7%.
9.7.5. Business Travel Insuranc
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Business Travel Insurance Demand Share Forecast, 2019-2026
10. Latin America Business Travel Insurance Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Business Travel Insurance Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Business Travel Insurance Market Size and Volume Forecast by Application
10.4.1. Insurance Intermediaries
10.4.2. Insurance Company
10.4.3. Bank
10.4.4. Insurance Broker
10.4.5. Other
10.4.6. The insurance intermediaries hold an important share in terms of applications, and accounts for 50% of the market share.
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Business Travel Insurance Market Size and Volume Forecast by Type
10.7.1. Single Trip Coverage
10.7.2. Annual Multi Trip Coverage
10.7.3. Other
10.7.4. The segment of single trip coverage holds a comparatively larger share in global market, which accounts for about 69.7%.
10.7.5. Business Travel Insuranc
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Business Travel Insurance Demand Share Forecast, 2019-2026
11. Europe Business Travel Insurance Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Business Travel Insurance Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Business Travel Insurance Market Size and Volume Forecast by Application
11.4.1. Insurance Intermediaries
11.4.2. Insurance Company
11.4.3. Bank
11.4.4. Insurance Broker
11.4.5. Other
11.4.6. The insurance intermediaries hold an important share in terms of applications, and accounts for 50% of the market share.
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Applicatio
11.7. Europe Business Travel Insurance Market Size and Volume Forecast by Type
11.7.1. Single Trip Coverage
11.7.2. Annual Multi Trip Coverage
11.7.3. Other
11.7.4. The segment of single trip coverage holds a comparatively larger share in global market, which accounts for about 69.7%.
11.7.5. Business Travel Insuranc
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Business Travel Insurance Demand Share, 2019-2026
12. Asia Pacific Business Travel Insurance Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Business Travel Insurance Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Business Travel Insurance Market Size and Volume Forecast by Application
12.4.1. Insurance Intermediaries
12.4.2. Insurance Company
12.4.3. Bank
12.4.4. Insurance Broker
12.4.5. Other
12.4.6. The insurance intermediaries hold an important share in terms of applications, and accounts for 50% of the market share.
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Business Travel Insurance Market Size and Volume Forecast by Type
12.7.1. Single Trip Coverage
12.7.2. Annual Multi Trip Coverage
12.7.3. Other
12.7.4. The segment of single trip coverage holds a comparatively larger share in global market, which accounts for about 69.7%.
12.7.5. Business Travel Insuranc
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Business Travel Insurance Demand Share, 2019-2026
13. Middle East & Africa Business Travel Insurance Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Business Travel Insurance Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Business Travel Insurance Market Size and Volume Forecast by Application
13.4.1. Insurance Intermediaries
13.4.2. Insurance Company
13.4.3. Bank
13.4.4. Insurance Broker
13.4.5. Other
13.4.6. The insurance intermediaries hold an important share in terms of applications, and accounts for 50% of the market share.
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Business Travel Insurance Market Size and Volume Forecast by Type
13.7.1. Single Trip Coverage
13.7.2. Annual Multi Trip Coverage
13.7.3. Other
13.7.4. The segment of single trip coverage holds a comparatively larger share in global market, which accounts for about 69.7%.
13.7.5. Business Travel Insuranc
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Business Travel Insurance Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Business Travel Insurance Market: Market Share Analysis
14.2. Business Travel Insurance Distributors and Customers
14.3. Business Travel Insurance Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Allianz
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. AIG
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Zurich
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Genarali
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. AXA Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. PICC
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Tokio Marine
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sompo Japan
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Chubb
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. MetLife
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Mapfre Asistencia
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hanse Merkur
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Pin An
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Business Travel Insuranc
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
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