APO RESEARCH · REPORT
Travel Insurance
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.
Product & engineering
Understand the product.
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 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:
Selected research
Industry Growth & Trends
Global Travel Insurance Industry Growth and Trends Forecast to 2032
Market perspective
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 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:
According to APO Research, the global Travel Insurance market was valued at US$ million in 2026 and is projected to reach US$ million by 2032, implying a CAGR of xx% over 2026-2032.
Read the full market overview
Report Scope
This report provides a structured, data-driven view of the global Travel Insurance market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Travel Insurance market size, estimates, and forecasts are presented in terms of revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Travel Insurance market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Travel Insurance.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading companies in the global Travel Insurance market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue and gross margin data by manufacturer for 2021-2026, enabling benchmarking of scale, profitability, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Travel Insurance Market by Company
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
Sompo Japan Nipponkoa
Travel Insurance Segment by Type
Trip Cancellation
Trip Delay
Medical Expense
Property Damage
Other
Travel Insurance Segment by Application
Family Traveler
Senior Citizens
Business Traveler
Other
Travel Insurance Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Travel Insurance market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Travel Insurance and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Travel Insurance.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2021-2025, 2026-2031). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 3: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 4: 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 5: Detailed analysis of Travel Insurance companies' competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, revenue by country.
Chapter 12: Concluding Insights of the report
More report detail
Tables and figures
Scope & coverage.
Types
- Trip Cancellation
- Trip Delay
- Medical Expense
- Property Damage
- Other
Applications
- Family Traveler
- Senior Citizens
- Business Traveler
- Other
Companies 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
- Sompo Japan Nipponkoa
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.3 Global Travel Insurance Market Size Overview by Region 2021 VS 2025 VS 2032
- 1.4 Global Travel Insurance Market Size by Region (2021-2032)
- 1.4.1 Global Travel Insurance Market Size by Region (2021-2026)
- 1.4.2 Global Travel Insurance Market Size by Region (2027-2032)
- 1.5 Key Regions Travel Insurance Market Size (2021-2032)
- 1.5.1 North America Travel Insurance Market Size Growth Rate (2021-2032)
- 1.5.2 Europe Travel Insurance Market Size Growth Rate (2021-2032)
- 1.5.3 Asia-Pacific Travel Insurance Market Size Growth Rate (2021-2032)
- 1.5.4 South America Travel Insurance Market Size Growth Rate (2021-2032)
- 1.5.5 Middle East & Africa Travel Insurance Market Size Growth Rate (2021-2032)
2 Travel Insurance Market by Type
- 2.1 Type Introduction
- 2.1.1 Trip Cancellation
- 2.1.2 Trip Delay
- 2.1.3 Medical Expense
- 2.1.4 Property Damage
- 2.1.5 Other
- 2.2 Global Travel Insurance Market Size by Type
- 2.2.1 Global Travel Insurance Market Size Overview by Type (2021-2032)
- 2.2.2 Global Travel Insurance Historic Market Size Review by Type (2021-2026)
- 2.2.3 Global Travel Insurance Market Size Forecasted by Type (2027-2032)
- 2.3 Global Travel Insurance Market Size by Regions
- 2.3.1 North America Travel Insurance Market Size Breakdown by Type (2021-2026)
- 2.3.2 Europe Travel Insurance Market Size Breakdown by Type (2021-2026)
- 2.3.3 Asia-Pacific Travel Insurance Market Size Breakdown by Type (2021-2026)
- 2.3.4 South America Travel Insurance Market Size Breakdown by Type (2021-2026)
- 2.3.5 Middle East and Africa Travel Insurance Market Size Breakdown by Type (2021-2026)
3 Travel Insurance Market by Application
- 3.1 Type Introduction
- 3.1.1 Family Traveler
- 3.1.2 Senior Citizens
- 3.1.3 Business Traveler
- 3.1.4 Other
- 3.2 Global Travel Insurance Market Size by Application
- 3.2.1 Global Travel Insurance Market Size Overview by Application (2021-2032)
- 3.2.2 Global Travel Insurance Historic Market Size Review by Application (2021-2026)
- 3.2.3 Global Travel Insurance Market Size Forecasted by Application (2027-2032)
- 3.3 Global Travel Insurance Market Size by Regions
- 3.3.1 North America Travel Insurance Market Size Breakdown by Application (2021-2026)
- 3.3.2 Europe Travel Insurance Market Size Breakdown by Application (2021-2026)
- 3.3.3 Asia-Pacific Travel Insurance Market Size Breakdown by Application (2021-2026)
- 3.3.4 South America Travel Insurance Market Size Breakdown by Application (2021-2026)
- 3.3.5 Middle East and Africa Travel Insurance Market Size Breakdown by Application (2021-2026)
4 Global Market Dynamics
- 4.1 Travel Insurance Industry Trends
- 4.2 Travel Insurance Industry Drivers
- 4.3 Travel Insurance Industry Opportunities and Challenges
- 4.4 Travel Insurance Industry Restraints
5 Competitive Insights by Company
- 5.1 Global Top Players by Travel Insurance Revenue (2021-2026)
- 5.2 Global Travel Insurance Industry Company Ranking, 2024 VS 2025 VS 2026
- 5.3 Global Travel Insurance Key Company Headquarters & Area Served
- 5.4 Global Travel Insurance Company, Product Type & Application
- 5.5 Global Travel Insurance Company Commercialization Time
- 5.6 Market Competitive Analysis
- 5.6.1 Global Travel Insurance Market CR5 and HHI
- 5.6.2 Global Top 5 and 10 Travel Insurance Players Market Share by Revenue in 2025
- 5.6.3 2025 Travel Insurance Tier 1, Tier 2, and Tier 3
6 Company Profiles
- 6.1 Allianz
- 6.1.1 Allianz Company Information
- 6.1.2 Allianz Business Overview
- 6.1.3 Allianz Travel Insurance Revenue, Global Share and Gross Margin (2021-2026)
- 6.1.4 Allianz Travel Insurance Product Portfolio
- 6.1.5 Allianz Recent Developments
- 6.2 Munich Re Group
- 6.2.1 Munich Re Group Company Information
- 6.2.2 Munich Re Group Business Overview
- 6.2.3 Munich Re Group Travel Insurance Revenue, Global Share and Gross Margin (2021-2026)
- 6.2.4 Munich Re Group Travel Insurance Product Portfolio
- 6.2.5 Munich Re Group Recent Developments
- 6.3 AIG
- 6.3.1 AIG Company Information
- 6.3.2 AIG Business Overview
- 6.3.3 AIG Travel Insurance Revenue, Global Share and Gross Margin (2021-2026)
- 6.3.4 AIG Travel Insurance Product Portfolio
- 6.3.5 AIG Recent Developments
- 6.4 Assicurazioni Generali
- 6.4.1 Assicurazioni Generali Company Information
- 6.4.2 Assicurazioni Generali Business Overview
- 6.4.3 Assicurazioni Generali Travel Insurance Revenue, Global Share and Gross Margin (2021-2026)
- 6.4.4 Assicurazioni Generali Travel Insurance Product Portfolio
- 6.4.5 Assicurazioni Generali Recent Developments
- 6.5 Prudential
- 6.5.1 Prudential Company Information
- 6.5.2 Prudential Business Overview
- 6.5.3 Prudential Travel Insurance Revenue, Global Share and Gross Margin (2021-2026)
- 6.5.4 Prudential Travel Insurance Product Portfolio
- 6.5.5 Prudential Recent Developments
- 6.6 ACE&Chubb
- 6.6.1 ACE&Chubb Company Information
- 6.6.2 ACE&Chubb Business Overview
- 6.6.3 ACE&Chubb Travel Insurance Revenue, Global Share and Gross Margin (2021-2026)
- 6.6.4 ACE&Chubb Travel Insurance Product Portfolio
- 6.6.5 ACE&Chubb Recent Developments
- 6.7 Manulife
- 6.7.1 Manulife Company Information
- 6.7.2 Manulife Business Overview
- 6.7.3 Manulife Travel Insurance Revenue, Global Share and Gross Margin (2021-2026)
- 6.7.4 Manulife Travel Insurance Product Portfolio
- 6.7.5 Manulife Recent Developments
- 6.8 UnitedHealthcare Global
- 6.8.1 UnitedHealthcare Global Company Information
- 6.8.2 UnitedHealthcare Global Business Overview
- 6.8.3 UnitedHealthcare Global Travel Insurance Revenue, Global Share and Gross Margin (2021-2026)
- 6.8.4 UnitedHealthcare Global Travel Insurance Product Portfolio
- 6.8.5 UnitedHealthcare Global Recent Developments
- 6.9 Mapfre
- 6.9.1 Mapfre Company Information
- 6.9.2 Mapfre Business Overview
- 6.9.3 Mapfre Travel Insurance Revenue, Global Share and Gross Margin (2021-2026)
- 6.9.4 Mapfre Travel Insurance Product Portfolio
- 6.9.5 Mapfre Recent Developments
- 6.10 AXA
- 6.10.1 AXA Company Information
- 6.10.2 AXA Business Overview
- 6.10.3 AXA Travel Insurance Revenue, Global Share and Gross Margin (2021-2026)
- 6.10.4 AXA Travel Insurance Product Portfolio
- 6.10.5 AXA Recent Developments
- 6.11 Tokio Marine Holdings
- 6.11.1 Tokio Marine Holdings Company Information
- 6.11.2 Tokio Marine Holdings Business Overview
- 6.11.3 Tokio Marine Holdings Travel Insurance Revenue, Global Share and Gross Margin (2021-2026)
- 6.11.4 Tokio Marine Holdings Travel Insurance Product Portfolio
- 6.11.5 Tokio Marine Holdings Recent Developments
- 6.12 China Pacific insurance
- 6.12.1 China Pacific insurance Company Information
- 6.12.2 China Pacific insurance Business Overview
- 6.12.3 China Pacific insurance Travel Insurance Revenue, Global Share and Gross Margin (2021-2026)
- 6.12.4 China Pacific insurance Travel Insurance Product Portfolio
- 6.12.5 China Pacific insurance Recent Developments
- 6.13 Hanse Merkur
- 6.13.1 Hanse Merkur Company Information
- 6.13.2 Hanse Merkur Business Overview
- 6.13.3 Hanse Merkur Travel Insurance Revenue, Global Share and Gross Margin (2021-2026)
- 6.13.4 Hanse Merkur Travel Insurance Product Portfolio
- 6.13.5 Hanse Merkur Recent Developments
- 6.14 Ping An Insurance (Group) Company of China
- 6.14.1 Ping An Insurance (Group) Company of China Company Information
- 6.14.2 Ping An Insurance (Group) Company of China Business Overview
- 6.14.3 Ping An Insurance (Group) Company of China Travel Insurance Revenue, Global Share and Gross Margin (2021-2026)
- 6.14.4 Ping An Insurance (Group) Company of China Travel Insurance Product Portfolio
- 6.14.5 Ping An Insurance (Group) Company of China Recent Developments
- 6.15 People's insurance company of China
- 6.15.1 People's insurance company of China Company Information
- 6.15.2 People's insurance company of China Business Overview
- 6.15.3 People's insurance company of China Travel Insurance Revenue, Global Share and Gross Margin (2021-2026)
- 6.15.4 People's insurance company of China Travel Insurance Product Portfolio
- 6.15.5 People's insurance company of China Recent Developments
- 6.16 China Life
- 6.16.1 China Life Company Information
- 6.16.2 China Life Business Overview
- 6.16.3 China Life Travel Insurance Revenue, Global Share and Gross Margin (2021-2026)
- 6.16.4 China Life Travel Insurance Product Portfolio
- 6.16.5 China Life Recent Developments
- 6.17 Sompo Japan Nipponkoa
- 6.17.1 Sompo Japan Nipponkoa Company Information
- 6.17.2 Sompo Japan Nipponkoa Business Overview
- 6.17.3 Sompo Japan Nipponkoa Travel Insurance Revenue, Global Share and Gross Margin (2021-2026)
- 6.17.4 Sompo Japan Nipponkoa Travel Insurance Product Portfolio
- 6.17.5 Sompo Japan Nipponkoa Recent Developments
7 North America
- 7.1 North America Travel Insurance Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2 North America Travel Insurance Market Size by Country (2021-2026)
- 7.3 North America Travel Insurance Market Size Forecast by Country (2027-2032)
8 Europe
- 8.1 Europe Travel Insurance Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2 Europe Travel Insurance Market Size by Country (2021-2026)
- 8.3 Europe Travel Insurance Market Size Forecast by Country (2027-2032)
9 Asia-Pacific
- 9.1 Asia-Pacific Travel Insurance Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2 Asia-Pacific Travel Insurance Market Size by Country (2021-2026)
- 9.3 Asia-Pacific Travel Insurance Market Size Forecast by Country (2027-2032)
10 South America
- 10.1 South America Travel Insurance Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2 South America Travel Insurance Market Size by Country (2021-2026)
- 10.3 South America Travel Insurance Market Size Forecast by Country (2027-2032)
11 Middle East & Africa
- 11.1 Middle East & Africa Travel Insurance Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2 Middle East & Africa Travel Insurance Market Size by Country (2021-2026)
- 11.3 Middle East & Africa Travel Insurance Market Size Forecast by Country (2027-2032)
12 Concluding Insights
13 Appendix
- 13.1 Reasons for Doing This Study
- 13.2 Research Methodology
- 13.3 Research Process
- 13.4 Authors List of This Report
- 13.5 Data Source
- 13.5.1 Secondary Sources
- 13.5.2 Primary Sources
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