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 Research
Travel Insurance Industry Research Report 2026
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 Scope
This report quantifies the global Travel Insurance market in terms of revenue (US$ million) and, where applicable, service volume (K Units), using 2024 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of service Types and end-use Applications, harmonizes provider attribution, and delivers comparable time series by company, Type, Application, and region or country, including indicative price bands (US$/K Units) and concentration ratios (CR5/CR10). Outputs are intended to support service design, budgeting, capacity planning, and benchmarking for providers, platforms, channel partners, and investors; the report also reviews technology shifts and notable service innovations relevant to Travel Insurance.
Key Companies & Market Share Insights
This section profiles leading service providers with 2021–2025 results and a 2026–2032 outlook—covering revenue, market share, price bands, service portfolio and client mix, regional and channel mix, and key developments (M&A, network expansion, certifications). It also provides global revenue, average price, and—where applicable—volume metrics by provider, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
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
Spain
Russia
Netherlands
Nordic Countries
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Saudi Arabia
Israel
United Arab Emirates
Turkey
Iran
Egypt
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 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: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: 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. 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 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments 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 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Travel Insurance companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, South America, Middle East and Africa segment by country. 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.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions 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 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Travel Insurance by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032)
- 2.2.2 Trip Cancellation
- 2.2.3 Trip Delay
- 2.2.4 Medical Expense
- 2.2.5 Property Damage
- 2.2.6 Other
- 2.3 Travel Insurance by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.3.2 Family Traveler
- 2.3.3 Senior Citizens
- 2.3.4 Business Traveler
- 2.3.5 Other
- 2.4 Assumptions and Limitations
3 Travel Insurance Breakdown Data by Type
- 3.1 Global Travel Insurance Historic Market Size by Type (2021-2026)
- 3.2 Global Travel Insurance Forecasted Market Size by Type (2027-2032)
4 Travel Insurance Breakdown Data by Application
- 4.1 Global Travel Insurance Historic Market Size by Application (2021-2026)
- 4.2 Global Travel Insurance Forecasted Market Size by Application (2027-2032)
5 Global Growth Trends
- 5.1 Global Travel Insurance Market Perspective (2021-2032)
- 5.2 Global Travel Insurance Growth Trends by Region
- 5.2.1 Global Travel Insurance Market Size by Region: 2021 VS 2025 VS 2032
- 5.2.2 Travel Insurance Historic Market Size by Region (2021-2026)
- 5.2.3 Travel Insurance Forecasted Market Size by Region (2027-2032)
- 5.3 Travel Insurance Market Dynamics
- 5.3.1 Travel Insurance Industry Trends
- 5.3.2 Travel Insurance Market Drivers
- 5.3.3 Travel Insurance Market Challenges
- 5.3.4 Travel Insurance Market Restraints
6 Market Competitive Landscape by Players
- 6.1 Global Top Travel Insurance Players by Revenue
- 6.1.1 Global Top Travel Insurance Players by Revenue (2021-2026)
- 6.1.2 Global Travel Insurance Revenue Market Share by Players (2021-2026)
- 6.2 Global Travel Insurance Industry Players Ranking, 2023 VS 2024 VS 2025
- 6.3 Global Key Players of Travel Insurance Head Office and Area Served
- 6.4 Global Travel Insurance Players, Product Type & Application
- 6.5 Global Travel Insurance Manufacturers Established Date
- 6.6 Global Travel Insurance Market CR5 and HHI
- 6.7 Global Players Mergers & Acquisition
7 North America
- 7.1 North America Travel Insurance Market Size (2021-2032)
- 7.2 North America Travel Insurance Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 7.3 North America Travel Insurance Market Size by Country (2021-2026)
- 7.4 North America Travel Insurance Market Size by Country (2027-2032)
- 7.5 United States
- 7.5 United States
- 7.6 Canada
- 7.7 Mexico
8 Europe
- 8.1 Europe Travel Insurance Market Size (2021-2032)
- 8.2 Europe Travel Insurance Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3 Europe Travel Insurance Market Size by Country (2021-2026)
- 8.4 Europe Travel Insurance Market Size by Country (2027-2032)
- 8.5 Germany
- 8.6 France
- 8.7 U.K.
- 8.8 Italy
- 8.9 Spain
- 8.10 Russia
- 8.11 Netherlands
- 8.12 Nordic Countries
9 Asia-Pacific
- 9.1 Asia-Pacific Travel Insurance Market Size (2021-2032)
- 9.2 Asia-Pacific Travel Insurance Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 9.3 Asia-Pacific Travel Insurance Market Size by Country (2021-2026)
- 9.4 Asia-Pacific Travel Insurance Market Size by Country (2027-2032)
- 9.5 China
- 9.6 Japan
- 9.7 South Korea
- 9.8 India
- 9.9 Australia
- 9.10 China Taiwan
- 9.11 Southeast Asia
10 South America
- 10.1 South America Travel Insurance Market Size (2021-2032)
- 10.2 South America Travel Insurance Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 10.3 South America Travel Insurance Market Size by Country (2021-2026)
- 10.4 South America Travel Insurance Market Size by Country (2027-2032)
- 10.5 Brazil
- 10.6 Argentina
- 10.7 Chile
- 10.8 Colombia
- 10.9 Peru
11 Middle East & Africa
- 11.1 Middle East & Africa Travel Insurance Market Size (2021-2032)
- 11.2 Middle East & Africa Travel Insurance Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 11.3 Middle East & Africa Travel Insurance Market Size by Country (2021-2026)
- 11.4 Middle East & Africa Travel Insurance Market Size by Country (2027-2032)
- 11.5 Saudi Arabia
- 11.6 Israel
- 11.7 United Arab Emirates
- 11.8 Turkey
- 11.9 Iran
- 11.10 Egypt
12 Players Profiled
- 12.1 Allianz
- 12.1.1 Allianz Company Information
- 12.1.2 Allianz Business Overview
- 12.1.3 Allianz Revenue in Travel Insurance Business (2021-2026)
- 12.1.4 Allianz Travel Insurance Product Portfolio
- 12.1.5 Allianz Recent Developments
- 12.2 Munich Re Group
- 12.2.1 Munich Re Group Company Information
- 12.2.2 Munich Re Group Business Overview
- 12.2.3 Munich Re Group Revenue in Travel Insurance Business (2021-2026)
- 12.2.4 Munich Re Group Travel Insurance Product Portfolio
- 12.2.5 Munich Re Group Recent Developments
- 12.3 AIG
- 12.3.1 AIG Company Information
- 12.3.2 AIG Business Overview
- 12.3.3 AIG Revenue in Travel Insurance Business (2021-2026)
- 12.3.4 AIG Travel Insurance Product Portfolio
- 12.3.5 AIG Recent Developments
- 12.4 Assicurazioni Generali
- 12.4.1 Assicurazioni Generali Company Information
- 12.4.2 Assicurazioni Generali Business Overview
- 12.4.3 Assicurazioni Generali Revenue in Travel Insurance Business (2021-2026)
- 12.4.4 Assicurazioni Generali Travel Insurance Product Portfolio
- 12.4.5 Assicurazioni Generali Recent Developments
- 12.5 Prudential
- 12.5.1 Prudential Company Information
- 12.5.2 Prudential Business Overview
- 12.5.3 Prudential Revenue in Travel Insurance Business (2021-2026)
- 12.5.4 Prudential Travel Insurance Product Portfolio
- 12.5.5 Prudential Recent Developments
- 12.6 ACE&Chubb
- 12.6.1 ACE&Chubb Company Information
- 12.6.2 ACE&Chubb Business Overview
- 12.6.3 ACE&Chubb Revenue in Travel Insurance Business (2021-2026)
- 12.6.4 ACE&Chubb Travel Insurance Product Portfolio
- 12.6.5 ACE&Chubb Recent Developments
- 12.7 Manulife
- 12.7.1 Manulife Company Information
- 12.7.2 Manulife Business Overview
- 12.7.3 Manulife Revenue in Travel Insurance Business (2021-2026)
- 12.7.4 Manulife Travel Insurance Product Portfolio
- 12.7.5 Manulife Recent Developments
- 12.8 UnitedHealthcare Global
- 12.8.1 UnitedHealthcare Global Company Information
- 12.8.2 UnitedHealthcare Global Business Overview
- 12.8.3 UnitedHealthcare Global Revenue in Travel Insurance Business (2021-2026)
- 12.8.4 UnitedHealthcare Global Travel Insurance Product Portfolio
- 12.8.5 UnitedHealthcare Global Recent Developments
- 12.9 Mapfre
- 12.9.1 Mapfre Company Information
- 12.9.2 Mapfre Business Overview
- 12.9.3 Mapfre Revenue in Travel Insurance Business (2021-2026)
- 12.9.4 Mapfre Travel Insurance Product Portfolio
- 12.9.5 Mapfre Recent Developments
- 12.10 AXA
- 12.10.1 AXA Company Information
- 12.10.2 AXA Business Overview
- 12.10.3 AXA Revenue in Travel Insurance Business (2021-2026)
- 12.10.4 AXA Travel Insurance Product Portfolio
- 12.10.5 AXA Recent Developments
- 12.11 Tokio Marine Holdings
- 12.11.1 Tokio Marine Holdings Company Information
- 12.11.2 Tokio Marine Holdings Business Overview
- 12.11.3 Tokio Marine Holdings Revenue in Travel Insurance Business (2021-2026)
- 12.11.4 Tokio Marine Holdings Travel Insurance Product Portfolio
- 12.11.5 Tokio Marine Holdings Recent Developments
- 12.12 China Pacific insurance
- 12.12.1 China Pacific insurance Company Information
- 12.12.2 China Pacific insurance Business Overview
- 12.12.3 China Pacific insurance Revenue in Travel Insurance Business (2021-2026)
- 12.12.4 China Pacific insurance Travel Insurance Product Portfolio
- 12.12.5 China Pacific insurance Recent Developments
- 12.13 Hanse Merkur
- 12.13.1 Hanse Merkur Company Information
- 12.13.2 Hanse Merkur Business Overview
- 12.13.3 Hanse Merkur Revenue in Travel Insurance Business (2021-2026)
- 12.13.4 Hanse Merkur Travel Insurance Product Portfolio
- 12.13.5 Hanse Merkur Recent Developments
- 12.14 Ping An Insurance (Group) Company of China
- 12.14.1 Ping An Insurance (Group) Company of China Company Information
- 12.14.2 Ping An Insurance (Group) Company of China Business Overview
- 12.14.3 Ping An Insurance (Group) Company of China Revenue in Travel Insurance Business (2021-2026)
- 12.14.4 Ping An Insurance (Group) Company of China Travel Insurance Product Portfolio
- 12.14.5 Ping An Insurance (Group) Company of China Recent Developments
- 12.15 People's insurance company of China
- 12.15.1 People's insurance company of China Company Information
- 12.15.2 People's insurance company of China Business Overview
- 12.15.3 People's insurance company of China Revenue in Travel Insurance Business (2021-2026)
- 12.15.4 People's insurance company of China Travel Insurance Product Portfolio
- 12.15.5 People's insurance company of China Recent Developments
- 12.16 China Life
- 12.16.1 China Life Company Information
- 12.16.2 China Life Business Overview
- 12.16.3 China Life Revenue in Travel Insurance Business (2021-2026)
- 12.16.4 China Life Travel Insurance Product Portfolio
- 12.16.5 China Life Recent Developments
- 12.17 Sompo Japan Nipponkoa
- 12.17.1 Sompo Japan Nipponkoa Company Information
- 12.17.2 Sompo Japan Nipponkoa Business Overview
- 12.17.3 Sompo Japan Nipponkoa Revenue in Travel Insurance Business (2021-2026)
- 12.17.4 Sompo Japan Nipponkoa Travel Insurance Product Portfolio
- 12.17.5 Sompo Japan Nipponkoa Recent Developments
13 Report Conclusion
14 Disclaimer
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