Global Travel Insurance Industry (2020 to 2027) - Market Trajectory & Analytics

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Feb 19, 2021, 11:30 ET

DUBLIN, Feb. 19, 2021 /PRNewswire/ -- The "Travel Insurance - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 8th edition of this report. The 184-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Travel Insurance Market to Reach $33.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Travel Insurance estimated at US$21.5 Billion in the year 2020, is projected to reach a revised size of US$33.7 Billion by 2027, growing at a CAGR of 6.7% over the period 2020-2027.

Domestic Travel, one of the segments analyzed in the report, is projected to record 6.2% CAGR and reach US$14.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the International Travel segment is readjusted to a revised 7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $5.8 Billion, While China is Forecast to Grow at 10% CAGR

The Travel Insurance market in the U.S. is estimated at US$5.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.3 Billion by the year 2027 trailing a CAGR of 10% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 5.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Competitors identified in this market include, among others:

Allianz Global Assistance India
CSA Travel Protection
Seven Corners Inc.
TravelSafe Insurance
USI Affinity

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Competitor Market Shares
Travel Insurance Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 46

For more information about this report visit https://www.researchandmarkets.com/r/8ut9wl?

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SOURCE Research and Markets