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
Market Structure
Global Travel Insurance Market by Size, by Type, by Application, by Region, History and Forecast 2021-2032
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:
The main global Travel Insurance players include Allianz, Munich Re Group, AIG, etc. The top three Travel Insurance players account for approximately 30% of the total global market. Asia-Pacific is the largest consumer market for Travel Insurance, accounting for about 26%, followed by Europe and North America. In terms of product, Trip Cancellation is the largest segment, with a share about 45%. And in terms of application, the largest application is Family Traveler, followed by Business Traveler.
Read the full market overview
Report Includes
This report provides an overview of the global Travel Insurance market and its size, analyzing global market trends based on historical revenue data for 2021-2025, estimates for 2026, and projected CAGRs through 2032.
The study covers key producers of Travel Insurance and revenue in major regions and countries, assesses future market potential, and highlights priority regions and countries for segmenting the market into sub-sectors, with country-specific market value data for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, the Middle East, Africa, and other countries.
The report also presents Travel Insurance revenue, market share, and industry ranking for the main manufacturers for 2021-2026, identifies the major stakeholders in the global market, and analyzes their competitive landscape and market positioning based on recent developments and segmental revenues.
In addition, the report analyzes segment data by Type and Application—covering revenue and growth rates—for 2021-2032, and evaluates and forecasts the Travel Insurance market size, projected growth trends, production technologies, key applications, and end-use industries.
Travel Insurance Segment 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
Study Objectives
1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
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 volume and 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 different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. Revenue of Travel Insurance in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world. 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: Analysis key trends, drivers, challenges, and opportunities within the global Travel Insurance industry.
Chapter 3: Detailed analysis of Travel Insurance companies' competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Travel Insurancerevenue, gross margin, and recent development, etc.
Chapter 7: North America (US & Canada) by type, by application and by country, revenue for each segment.
Chapter 8: Europe by type, by application and by country, revenue for each segment.
Chapter 9: China by type, and by application, revenue for each segment.
Chapter 10: Asia (excluding China) by type, by application and by region, revenue for each segment.
Chapter 11: South America, Middle East & Africa by type, by application and by country, revenue for each segment.
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 Market Analysis by Type
- 1.2.1 Global Travel Insurance Market Size Growth Rate by Type: 2021 VS 2025 VS 2032
- 1.2.2 Trip Cancellation
- 1.2.3 Trip Delay
- 1.2.4 Medical Expense
- 1.2.5 Property Damage
- 1.2.6 Other
- 1.3 Market Analysis by Application
- 1.3.1 Global Travel Insurance Market Size Growth Rate by Application: 2021 VS 2025 VS 2032
- 1.3.2 Family Traveler
- 1.3.3 Senior Citizens
- 1.3.4 Business Traveler
- 1.3.5 Other
- 1.4 Global Market Growth Prospects
- 1.5 Global Travel Insurance Growth Trends by Region
- 1.5.1 Global Travel Insurance Market Size by Region: 2021 VS 2025 VS 2032
- 1.5.2 Travel Insurance Market Size by Region (2021-2026)
- 1.5.3 Travel Insurance Market Size by Region (2027-2032)
- 1.6 Assumptions and Limitations
- 1.7 Study Goals and Objectives
- 1.8 Years Considered
2 Global Travel Insurance Market Dynamics
- 2.1 Travel Insurance Industry Trends
- 2.2 Travel Insurance Industry Drivers
- 2.3 Travel Insurance Industry Opportunities and Challenges
- 2.4 Travel Insurance Industry Restraints
3 Competitive Landscape by Company
- 3.1 Global Travel Insurance Revenue by Company (2021-2026)
- 3.2 Global Travel Insurance Players Revenue Ranking, 2024 VS 2025 VS 2026
- 3.3 Global Travel Insurance Key Company Head office and Area Served
- 3.4 Global Travel Insurance Company, Product Type & Application
- 3.5 Global Travel Insurance Company Establishment Date
- 3.6 Market Competitive Analysis
- 3.6.1 Global Travel Insurance Market CR5 and HHI
- 3.6.2 Global Top 5 and 10 Travel Insurance Players Market Share by Revenue in 2025
- 3.6.3 2025 Travel Insurance Tier 1, Tier 2, and Tier 3
4 Travel Insurance Market by Type
- 4.1 Global Travel Insurance Market Size by Type (2021 VS 2025 VS 2032)
- 4.2 Global Travel Insurance Market Size by Type (2021-2032)
- 4.3 Global Travel Insurance Market Size Share by Type (2021-2032)
5 Travel Insurance Market by Application
- 5.1 Global Travel Insurance Market Size by Application (2021 VS 2025 VS 2032)
- 5.2 Global Travel Insurance Market Size by Application (2021-2032)
- 5.3 Global Travel Insurance Market Size Share by Application (2021-2032)
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 and Gross Margin (US$ Million) & (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 and Gross Margin (US$ Million) & (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 and Gross Margin (US$ Million) & (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 and Gross Margin (US$ Million) & (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 and Gross Margin (US$ Million) & (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 and Gross Margin (US$ Million) & (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 and Gross Margin (US$ Million) & (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 and Gross Margin (US$ Million) & (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 and Gross Margin (US$ Million) & (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 and Gross Margin (US$ Million) & (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 and Gross Margin (US$ Million) & (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 and Gross Margin (US$ Million) & (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 and Gross Margin (US$ Million) & (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 and Gross Margin (US$ Million) & (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 and Gross Margin (US$ Million) & (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 and Gross Margin (US$ Million) & (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 and Gross Margin (US$ Million) & (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 (2021-2032)
- 7.2 North America Travel Insurance Market Size by Type
- 7.2.1 North America Travel Insurance Market Size by Type (2021-2026)
- 7.2.2 North America Travel Insurance Market Size by Type (2027-2032)
- 7.2.3 North America Travel Insurance Market Share by Type (2021-2032)
- 7.3 North America Travel Insurance Market Size by Application
- 7.3.1 North America Travel Insurance Market Size by Application (2021-2026)
- 7.3.2 North America Travel Insurance Market Size by Application (2027-2032)
- 7.3.3 North America Travel Insurance Market Share by Application (2021-2032)
- 7.4 North America Travel Insurance Market Size by Country
- 7.4.1 North America Travel Insurance Market Size by Country (2021 VS 2025 VS 2032)
- 7.4.2 North America Travel Insurance Market Size by Country (2021-2026)
- 7.4.3 North America Travel Insurance Market Size by Country (2027-2032)
- 7.4.4 North America Travel Insurance Market Share by Country (2021-2032)
- 7.4.5 United States
- 7.4.6 Canada
- 7.4.7 Mexico
8 Europe
- 8.1 Europe Travel Insurance Market Size (2021-2032)
- 8.2 Europe Travel Insurance Market Size by Type
- 8.2.1 Europe Travel Insurance Market Size by Type (2021-2026)
- 8.2.2 Europe Travel Insurance Market Size by Type (2027-2032)
- 8.2.3 Europe Travel Insurance Market Share by Type (2021-2032)
- 8.3 Europe Travel Insurance Market Size by Application
- 8.3.1 Europe Travel Insurance Market Size by Application (2021-2026)
- 8.3.2 Europe Travel Insurance Market Size by Application (2027-2032)
- 8.3.3 Europe Travel Insurance Market Share by Application (2021-2032)
- 8.4 Europe Travel Insurance Market Size by Country
- 8.4.1 Europe Travel Insurance Market Size by Country (2021 VS 2025 VS 2032)
- 8.4.2 Europe Travel Insurance Market Size by Country (2021-2026)
- 8.4.3 Europe Travel Insurance Market Size by Country (2027-2032)
- 8.4.4 Europe Travel Insurance Market Share by Country (2021-2032)
- 8.4.5 Germany
- 8.4.6 France
- 8.4.7 U.K.
- 8.4.8 Italy
- 8.4.9 Russia
- 8.4.10 Nordic Countries
9 China
- 9.1 China Travel Insurance Market Size (2021-2032)
- 9.2 China Travel Insurance Market Size by Type
- 9.2.1 China Travel Insurance Market Size by Type (2021-2026)
- 9.2.2 China Travel Insurance Market Size by Type (2027-2032)
- 9.2.3 China Travel Insurance Market Share by Type (2021-2032)
- 9.3 China Travel Insurance Market Size by Application
- 9.3.1 China Travel Insurance Market Size by Application (2021-2026)
- 9.3.2 China Travel Insurance Market Size by Application (2027-2032)
- 9.3.3 China Travel Insurance Market Share by Application (2021-2032)
10 Asia (Excluding China)
- 10.1 Asia Travel Insurance Market Size (2021-2032)
- 10.2 Asia Travel Insurance Market Size by Type
- 10.2.1 Asia Travel Insurance Market Size by Type (2021-2026)
- 10.2.2 Asia Travel Insurance Market Size by Type (2027-2032)
- 10.2.3 Asia Travel Insurance Market Share by Type (2021-2032)
- 10.3 Asia Travel Insurance Market Size by Application
- 10.3.1 Asia Travel Insurance Market Size by Application (2021-2026)
- 10.3.2 Asia Travel Insurance Market Size by Application (2027-2032)
- 10.3.3 Asia Travel Insurance Market Share by Application (2021-2032)
- 10.4 Asia Travel Insurance Market Size by Country
- 10.4.1 Asia Travel Insurance Market Size by Country (2021 VS 2025 VS 2032)
- 10.4.2 Asia Travel Insurance Market Size by Country (2021-2026)
- 10.4.3 Asia Travel Insurance Market Size by Country (2027-2032)
- 10.4.4 Asia Travel Insurance Market Share by Country (2021-2032)
- 10.4.5 Japan
- 10.4.6 South Korea
- 10.4.7 Taiwan
- 10.4.8 Southeast Asia
- 10.4.9 India
- 10.4.10 Australia
11 South America, Middle East & Africa
- 11.1 South America, Middle East & Africa Travel Insurance Market Size (2021-2032)
- 11.2 South America, Middle East & Africa Travel Insurance Market Size by Type
- 11.2.1 South America, Middle East & Africa Travel Insurance Market Size by Type (2021-2026)
- 11.2.2 South America, Middle East & Africa Travel Insurance Market Size by Type (2027-2032)
- 11.2.3 South America, Middle East & Africa Travel Insurance Market Share by Type (2021-2032)
- 11.3 South America, Middle East & Africa Travel Insurance Market Size by Application
- 11.3.1 South America, Middle East & Africa Travel Insurance Market Size by Application (2021-2026)
- 11.3.2 South America, Middle East & Africa Travel Insurance Market Size by Application (2027-2032)
- 11.3.3 South America, Middle East & Africa Travel Insurance Market Share by Application (2021-2032)
- 11.4 South America, Middle East & Africa Travel Insurance Market Size by Country
- 11.4.1 South America, Middle East & Africa Travel Insurance Market Size by Country (2021 VS 2025 VS 2032)
- 11.4.2 South America, Middle East & Africa Travel Insurance Market Size by Country (2021-2026)
- 11.4.3 South America, Middle East & Africa Travel Insurance Market Size by Country (2027-2032)
- 11.4.4 South America, Middle East & Africa Travel Insurance Market Share by Country (2021-2032)
- 11.4.5 Brazil
- 11.4.6 South Africa
- 11.4.7 Saudi Arabia
- 11.4.8 Turkey
- 11.4.9 Argentina
- 11.4.9 UAE
- 11.4.9 Egypt
- 11.4.9 Chile
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
- 13.6 Disclaimer
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