The global single trip travel insurance market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing number of people travelling for leisure and business purposes. The demand for single trip travel insurance is also increasing due to the rise in terrorism and natural disasters across the globe.
The personal insurance segment accounted for a share of over 50% in 2017, owing to its wide range of benefits such as coverage against medical expenses, baggage loss or damage, and emergency medical evacuation among others. The group insurance segment is expected to grow at a CAGR of 7% during the forecast period owing to its low cost per person as compared with personal insurance policies.
Some Of The Growth Factors Of This Market:
- The growth of the Single Trip Travel Insurance market is driven by the increase in demand for travel insurance products.
- The growth of the Single Trip Travel Insurance market is also driven by an increase in awareness about travel insurance products and their benefits among consumers.
- The growth of the Single Trip Travel Insurance market is also driven by an increase in disposable income levels, which has led to a rise in demand for leisure and business trips, thereby increasing the need for travel insurance products.
- The growth of the Single Trip Travel Insurance market is also driven by an increase in globalisation, which has led to a rise in international trade and tourism, thereby increasing demand for travel insurance products from consumers who are travelling abroad on business or leisure trips.
Industry Growth Insights published a new data on “Single Trip Travel Insurance Market”. The research report is titled “Single Trip Travel Insurance Market research by Types (Personal Insurance, Group Insurance), By Applications (Insurance Intermediaries, Insurance Company, Bank, Insurance Broker, Others), By Players/Companies Allianz, AIG, Munich RE, Generali, Tokio Marine, Sompo Japan, CSA Travel Protection, AXA, Pingan Baoxian, Mapfre Asistencia, USI Affinity, Seven Corners, Hanse Merkur, MH Ross, STARR”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Single Trip Travel Insurance Market Research Report
By Type
Personal Insurance, Group Insurance
By Application
Insurance Intermediaries, Insurance Company, Bank, Insurance Broker, Others
By Companies
Allianz, AIG, Munich RE, Generali, Tokio Marine, Sompo Japan, CSA Travel Protection, AXA, Pingan Baoxian, Mapfre Asistencia, USI Affinity, Seven Corners, Hanse Merkur, MH Ross, STARR
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Single Trip Travel Insurance Market Report Segments:
The global Single Trip Travel Insurance market is segmented on the basis of:
Types
Personal Insurance, Group Insurance
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, Others
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
- Munich RE
- Generali
- Tokio Marine
- Sompo Japan
- CSA Travel Protection
- AXA
- Pingan Baoxian
- Mapfre Asistencia
- USI Affinity
- Seven Corners
- Hanse Merkur
- MH Ross
- STARR
Highlights of The Single Trip 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:
- Personal Insurance
- Group Insurance
- By Application:
- Insurance Intermediaries
- Insurance Company
- Bank
- Insurance Broker
- Others
- 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 Single Trip 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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- Correctly Positioning New Products
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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?
Single trip travel insurance is a type of travel insurance that covers only one trip. This type of coverage can be useful if you are traveling for leisure and don't need to worry about medical or evacuation costs in case of an emergency.
Some of the major companies in the single trip travel insurance market are Allianz, AIG, Munich RE, Generali, Tokio Marine, Sompo Japan, CSA Travel Protection, AXA, Pingan Baoxian, Mapfre Asistencia, USI Affinity, Seven Corners, Hanse Merkur, MH Ross, STARR.
The single trip travel insurance market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Single Trip 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. Single Trip 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. Single Trip Travel Insurance Market - Supply Chain
4.5. Global Single Trip Travel Insurance Market Forecast
4.5.1. Single Trip Travel Insurance Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Single Trip Travel Insurance Market Size (000 Units) and Y-o-Y Growth
4.5.3. Single Trip Travel Insurance Market Absolute $ Opportunity
5. Global Single Trip 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. Single Trip Travel Insurance Market Size and Volume Forecast by Type
5.3.1. Personal Insurance
5.3.2. Group Insurance
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Single Trip 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. Single Trip 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. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Single Trip 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. Single Trip 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 Single Trip 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. Single Trip 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 Single Trip Travel Insurance Demand Share Forecast, 2019-2026
9. North America Single Trip 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 Single Trip 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 Single Trip 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. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Single Trip Travel Insurance Market Size and Volume Forecast by Type
9.7.1. Personal Insurance
9.7.2. Group Insurance
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 Single Trip Travel Insurance Demand Share Forecast, 2019-2026
10. Latin America Single Trip 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 Single Trip 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 Single Trip 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. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Single Trip Travel Insurance Market Size and Volume Forecast by Type
10.7.1. Personal Insurance
10.7.2. Group Insurance
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 Single Trip Travel Insurance Demand Share Forecast, 2019-2026
11. Europe Single Trip 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 Single Trip 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 Single Trip 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. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Single Trip Travel Insurance Market Size and Volume Forecast by Type
11.7.1. Personal Insurance
11.7.2. Group Insurance
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 Single Trip Travel Insurance Demand Share, 2019-2026
12. Asia Pacific Single Trip 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 Single Trip 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 Single Trip 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. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Single Trip Travel Insurance Market Size and Volume Forecast by Type
12.7.1. Personal Insurance
12.7.2. Group Insurance
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 Single Trip Travel Insurance Demand Share, 2019-2026
13. Middle East & Africa Single Trip 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 Single Trip 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 Single Trip 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. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Single Trip Travel Insurance Market Size and Volume Forecast by Type
13.7.1. Personal Insurance
13.7.2. Group Insurance
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 Single Trip Travel Insurance Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Single Trip Travel Insurance Market: Market Share Analysis
14.2. Single Trip Travel Insurance Distributors and Customers
14.3. Single Trip 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. Munich RE
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Generali
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Tokio Marine
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sompo Japan
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. CSA Travel Protection
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. AXA
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Pingan Baoxian
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mapfre Asistencia
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. USI Affinity
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Seven Corners
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hanse Merkur
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. MH Ross
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. STARR
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
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
