Allied Market Research
Loading...
0
New
New
2022
Single Trip Travel Insurance Market

Single Trip Travel Insurance Market by Distribution Channel (Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, and Insurance Aggregators), and End User (Senior Citizens, Education Travelers, Business Travelers, Family Travelers, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

A15614
Pages: 222
Jan 2022 | 1277 Views
   
Author(s) : Pramod Borasi, Monica Chhabra , Vineet Kumar
Tables: 83
Charts: 53
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Single Trip Travel Insurance Market

Request Now !

Single Trip Travel Insurance Market Outlook – 2030

The global single trip travel insurance market size was valued at $8.85 billion in 2020, and is projected to reach $45.89 billion by 2030, growing at a CAGR of 19.1% from 2021 to 2030. A single trip insurance policy essentially covers a single overseas trip. An international single trip insurance policy will last until the insured returns home from the trip. All insurers have a limit on the number of days that count as a single trip. Single trip insurance policies are apt if the insured is making not more than one trip a year. 

The COVID-19 outbreak had a negative impact on the growth of single trip travel insurance market owing to, sudden implementation of lockdown by majority of the countries to prevent the spread of COVID-19 and increase in self isolation behavior to protect themselves has majorly impacted the market.

Rapid growth in tourism and increase in use of digital distribution channel among insurance providers boost the growth of the global single trip travel insurance market. In addition, favorable government regulations regarding travel insurance positively impacts the growth of the single trip travel insurance market size. However, lack of awareness regarding single trip travel insurance policy hampers the market growth. On the contrary, introduction of new products and services and new technological developments in the travel insurance industry are expected to offer remunerative opportunities for expansion of the single trip travel insurance market during the forecast period.

Single-Trip-Travel-Insurance-Market

Get more information on this report : Request Sample Pages

In terms of end user, the family travelers segment holds the largest share of the single trip travel insurance market owing to rise in multigenerational travel trend among the families. However, the business travelers’ segment is expected to grow at the highest rate during the forecast period, owing to rise in demand for corporate travel experience, including booking, expenses, customized travel insurance policies, trip management, and others. 

Region wise, the single trip travel insurance market was dominated by Asia-Pacific in 2020 and is expected to witness significant growth during the forecast period, as many single trip travelers purchase the policy that is available while booking a ticket and is available while using online travel guide to download a plan for purchasing a policy.

The report focuses on growth prospects, restraints, and analysis of the global single trip travel insurance market trends. The study provides Porter’s five forces analysis to understand the impact of various factors, such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers, on the global single trip travel insurance market share.

Segment Overview

The single trip travel insurance market is segmented into distribution channel, end user, and region. Depending on distribution channel, the market is bifurcated into insurance intermediaries, insurance companies, banks, insurance brokers, and insurance aggregators. In terms of end user, it is differentiated into senior citizens, education travelers, business travelers, family travelers, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Single Trip Travel Insurance Market
By Distribution Channel

Your browser does not support the canvas element.

Insurance Intermediaries segment is projected as one of the most lucrative segments.

Get more information on this report : Request Sample Pages

Competitive Analysis

Competitive analysis and profiles of the major single trip travel insurance market players such as AGA Service Company, Bajaj Allianz General Insurance Company, Care Health Insurance, GeoBlue, HDFC ERGO General Insurance Company Limited, ICICI Lombard General Insurance Company Ltd., IFFCO-Tokio General Insurance Company Limited, Nationwide, Reliance General Insurance, and World Nomads Travel Insurance. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaboration, to enhance their market penetration.

COVID-19 Impact Analysis

The travel & tourism industry has recorded continuous investments for its developments and has become a massive contributor to the economic growth. However, this industry has been largely affected due to the outbreak of the COVID-19 pandemic, leading to economic instability. Almost 90–92% of tourism destinations are following complete ban on international tourists. Furthermore, a study conducted by the World Travel and Tourism Council (WTTC) has warned that COVID-19 can lead to around 50 million job losses worldwide in the travel & tourism industry, and will take nearly 10 months or a year for the industry to start recovering. Thus, to overcome this, the government of each country is focusing on simplifying the visas and deduct the travel taxes to boost the tourism industry post the COVID-19 pandemic.

Single Trip Travel Insurance Market
By End User

Your browser does not support the canvas element.

Family travelers segment is projected as one of the most lucrative segments.

Get more information on this report : Request Sample Pages

Top Impacting Factors

Rapid Growth in Tourism

Rise in tourist population owing to increase in disposable income, extensive coverage for holidays, easy online travel booking options, and others attribute toward the growth of the tourism industry in the country. With an increase in tourism, several incidences such as cancelled flights, accidents, health issues, theft or loss of baggage, natural calamities, and other such occurrences of uncertainties during travel, drive the demand for single trip travel insurance. Consumers are opting for travel insurance to mitigate the risks associated with such incidences. Therefore, the growth of tourism industry acts as a prime driver for the single trip travel insurance market. 

Increase in Use of Digital Distribution Channel Among Insurance Providers

With increase in penetration of internet, end users across the globe have shifted toward the use of digital channels for purchasing insurance policies such as travel insurance, single trip compensation insurance, and passenger health insurance, which promotes the growth of the market. Increase in use of several online portals such as direct airline sites and online travel agencies (OTAs) websites & applications further foster the growth of the online insurance market. In addition, digital insurance distribution channels have been providing several benefits to single trip travelers, such as passengers can immediate receive of health treatment and comparison of travel insurance coverage from top-rated providers. For instance, according to a survey conducted by the TravelInsurance.com in 2019, digital channel offers several ways to compare from multiple travel insurance companies to purchase affordable insurance policy, which fuels the growth of the single trip travel insurance industry.

Single Trip Travel Insurance Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific would exhibit the highest CAGR of 22.2% during 2021-2030.

Get more information on this report : Request Sample Pages

Key Benefits for Stakeholders     

  • The study provides an in-depth analysis of the global single trip travel insurance market forecast along with current & future trends to explain the imminent investment pockets.
  • Information about key drivers, restraints, & opportunities and their impact analysis on global single trip travel insurance market growth is provided in the report.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
  • The quantitative analysis of the single trip travel insurance market opportunities from 2021 to 2030 is provided to determine the market potential.

Key Market Segments

  • BY DISTRIBUTION CHANNEL
    • Insurance Intermediaries
    • Insurance Companies
    • Banks
    • Insurance brokers
    • Insurance Aggregators
  • BY END USER
    • Senior Citizens
    • Education Travelers
    • Business Travelers
    • Family Travelers
    • Others
  • BY REGION
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Netherlands
      • Rest of Europe
    • Asia-pacific
      • China
      • Japan
      • India
      • Australia
      • Rest of Asia-Pacific
    • LAMEA
      • Latin America
      • Middle East
      • Africa


Key Market Players

  • AGA Service Company
  • Bajaj Allianz General Insurance Company
  • Care Health Insurance
  • GeoBlue
  • HDFC ERGO General Insurance Company Limited
  • ICICI Lombard General Insurance Company Ltd
  • IFFCO-Tokio General Insurance Company Limited
  • Nationwide Mutual Insurance Company
  • Reliance General Insurance Company Limited
  • World Nomads
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Key Market Players
1.5.Research methodology

1.5.1.Primary research
1.5.2.Secondary research
1.5.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings

2.1.1.Top impacting factors
2.1.2.Top investment pockets

2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Porter’s five forces analysis
3.1.Market dynamics

3.1.1.Drivers

3.1.1.1.Rapid growth in tourism
3.1.1.2.Increase in use of digital distribution channel among insurance providers
3.1.1.3.Favorable government regulations regarding travel insurance

3.1.2.Restraint

3.1.2.1.Lack of awareness regarding single trip travel insurance policy

3.1.3.Opportunities

3.1.3.1.Introduction of new products and services
3.1.3.2.New technological developments in travel insurance industry

3.1.COVID-19 impact analysis on single trip travel insurance market

3.1.1.Impact on travel & tourism industry
3.1.2.Impact on single trip travel insurance market size
3.1.3.Change in travelers trends, preferences, and budget impact due to COVID-19
3.1.4.Framework for solving market challenges faced by travel insurance providers and policy adopters
3.1.5.Economic impact on travel insurers
3.1.6.Key player strategies to tackle negative impact in the industry

CHAPTER 4:GLOBAL SINGLE-TRIP TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL

4.1.Overview
4.2.Insurance Intermediaries

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Insurance Companies

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

4.4.Banks

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country

4.5.Insurance brokers

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market analysis, by country

4.6.Insurance Aggregators

4.6.1.Key market trends, growth factors, and opportunities
4.6.2.Market size and forecast, by region
4.6.3.Market analysis, by country

CHAPTER 5:GLOBAL SINGLE-TRIP TRAVEL INSURANCE MARKET, BY END USER

5.1.Overview
5.2.Senior Citizens

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Education Travelers

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

5.4.Business Travelers

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country

5.5.Family Travelers

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market analysis, by country

5.6.Others

5.6.1.Key market trends, growth factors, and opportunities
5.6.2.Market size and forecast, by region
5.6.3.Market analysis, by country

CHAPTER 6:SINGLE-TRIP TRAVEL INSURANCE MARKET, BY REGION

6.1.Overview
6.2.North America

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by Distribution Channel
6.2.3.Market size and forecast, by End User model
6.2.4.Market analysis by country

6.2.4.1.U.S.

6.2.4.1.1.Market size and forecast, by Distribution Channel
6.2.4.1.2.Market size and forecast, by End User

6.2.4.2.Canada

6.2.4.2.1.Market size and forecast, by Distribution Channel
6.2.4.2.2.Market size and forecast, by end user

6.2.4.3.Mexico

6.2.4.3.1.Market size and forecast, by Distribution Channel
6.2.4.3.2.Market size and forecast, by end user

6.3.Europe

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by Distribution Channel
6.3.3.Market size and forecast, by End User model
6.3.4.Market analysis by country

6.3.4.1.UK

6.3.4.1.1.Market size and forecast, by Distribution Channel
6.3.4.1.2.Market size and forecast, by end user

6.3.4.2.Germany

6.3.4.2.1.Market size and forecast, by Distribution Channel
6.3.4.2.2.Market size and forecast, by end user

6.3.4.3.France

6.3.4.3.1.Market size and forecast, by Distribution Channel
6.3.4.3.2.Market size and forecast, by end user

6.3.4.4.Italy

6.3.4.4.1.Market size and forecast, by Distribution Channel
6.3.4.4.2.Market size and forecast, by end user

6.3.4.5.Spain

6.3.4.5.1.Market size and forecast, by Distribution Channel
6.3.4.5.2.Market size and forecast, by end user

6.3.4.6.Netherlands

6.3.4.6.1.Market size and forecast, by Distribution Channel
6.3.4.6.2.Market size and forecast, by end user

6.3.4.7.Rest of Europe

6.3.4.7.1.Market size and forecast, by Distribution Channel
6.3.4.7.2.Market size and forecast, by end user

6.4.Asia-pacific

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by Distribution Channel
6.4.3.Market size and forecast, by End User model
6.4.4.Market analysis by country

6.4.4.1.China

6.4.4.1.1.Market size and forecast, by Distribution Channel
6.4.4.1.2.Market size and forecast, by end user

6.4.4.2.Japan

6.4.4.2.1.Market size and forecast, by Distribution Channel
6.4.4.2.2.Market size and forecast, by end user

6.4.4.3.India

6.4.4.3.1.Market size and forecast, by Distribution Channel
6.4.4.3.2.Market size and forecast, by end user

6.4.4.4.Australia

6.4.4.4.1.Market size and forecast, by Distribution Channel
6.4.4.4.2.Market size and forecast, by end user

6.4.4.5.Rest of Asia-Pacific

6.4.4.5.1.Market size and forecast, by Distribution Channel
6.4.4.5.2.Market size and forecast, by end user

6.5.LAMEA

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by Distribution Channel
6.5.3.Market size and forecast, by End User model
6.5.4.Market analysis by country

6.5.4.1.Latin America

6.5.4.1.1.Market size and forecast, by Distribution Channel
6.5.4.1.2.Market size and forecast, by end user

6.5.4.2.Middle East

6.5.4.2.1.Market size and forecast, by Distribution Channel
6.5.4.2.2.Market size and forecast, by end user

6.5.4.3.Africa

6.5.4.3.1.Market size and forecast, by Distribution Channel
6.5.4.3.2.Market size and forecast, by end user

CHAPTER 7:COMPETITIVE LANDSCAPE

7.1.Introduction

7.1.1.Market player positioning, 2020

7.2.Competitive dashboard

7.2.1.Top winning strategies

CHAPTER 8:COMPANY PROFILES

8.1.AGA Service Company

8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Operating business segments
8.1.4.Product portfolio
8.1.5.Business performance
8.1.6.Key strategic moves and developments

8.2.Bajaj Allianz General Insurance Company

8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Product portfolio
8.2.4.Key strategic moves and developments

8.3.Care Health Insurance

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Product portfolio

8.4.GeoBlue

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Product portfolio

8.5.HDFC ERGO General Insurance Company Limited

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Product portfolio
8.5.5.Business performance

8.6.ICICI Lombard General Insurance Company Ltd.

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Product portfolio

8.7.IFFCO-Tokio General Insurance Company Limited

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Product portfolio
8.7.4.Business performance

8.8.Nationwide Mutual Insurance Company

8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Product portfolio

8.9.Reliance General Insurance Company Limited

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Product portfolio

8.10.World Nomads

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Product portfolio

LIST OF TABLES

TABLE 01.GLOBAL SINGLE-TRIP TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020-2030 ($MILLION)
TABLE 02.SINGLE-TRIP TRAVEL INSURANCE MARKET FOR INSURANCE INTERMEDIARIES, BY REGION, 2020-2030 ($MILLION)
TABLE 03.SINGLE-TRIP TRAVEL INSURANCE MARKET FOR INSURANCE COMPANIES, BY REGION, 2020-2030 ($MILLION)
TABLE 04.SINGLE-TRIP TRAVEL INSURANCE MARKET FOR BANKS, BY REGION, 2020-2030 ($MILLION)
TABLE 05.SINGLE-TRIP TRAVEL INSURANCE MARKET FOR INSURANCE BROKERS, BY REGION, 2020-2030 ($MILLION)
TABLE 06.SINGLE-TRIP TRAVEL INSURANCE MARKET FOR INSURANCE AGGREGATORS, BY REGION, 2020-2030 ($MILLION)
TABLE 07.GLOBAL SINGLE-TRIP TRAVEL INSURANCE MARKET, BY END USER, 2020-2030 ($MILLION)
TABLE 08.SINGLE-TRIP TRAVEL INSURANCE MARKET FOR SENIOR CITIZENS, BY REGION, 2020-2030 ($MILLION)
TABLE 09.SINGLE-TRIP TRAVEL INSURANCE MARKET FOR EDUCATION TRAVELERS, BY REGION, 2020-2030 ($MILLION)
TABLE 10.SINGLE-TRIP TRAVEL INSURANCE MARKET FOR BUSINESS TRAVELERS, BY REGION, 2020-2030 ($MILLION)
TABLE 11.SINGLE-TRIP TRAVEL INSURANCE MARKET FOR FAMILY TRAVELERS, BY REGION, 2020-2030 ($MILLION)
TABLE 12.SINGLE-TRIP TRAVEL INSURANCE MARKET FOR OTHERS, BY REGION, 2020-2030 ($MILLION)
TABLE 13.SINGLE-TRIP TRAVEL INSURANCE MARKET REVENUE, BY REGION, 2020–2030 ($MILLION)
TABLE 14.NORTH AMERICA SINGLE-TRIP TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 15.NORTH AMERICA SINGLE-TRIP TRAVEL INSURANCE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 16.NORTH AMERICA SINGLE-TRIP TRAVEL INSURANCE MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 17.U.S. SINGLE-TRIP TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 18.U.S. SINGLE-TRIP TRAVEL INSURANCE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 19.CANADA SINGLE-TRIP TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 20.CANADA SINGLE-TRIP TRAVEL INSURANCE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 21.MEXICO SINGLE-TRIP TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 22.MEXICO SINGLE-TRIP TRAVEL INSURANCE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 23.EUROPE SINGLE-TRIP TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 24.EUROPE SINGLE-TRIP TRAVEL INSURANCE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 25.EUROPE SINGLE-TRIP TRAVEL INSURANCE MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 26.UK SINGLE-TRIP TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 27.UK SINGLE-TRIP TRAVEL INSURANCE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 28.GERMANY SINGLE-TRIP TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 29.GERMANY SINGLE-TRIP TRAVEL INSURANCE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 30.FRANCE SINGLE-TRIP TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 31.FRANCE SINGLE-TRIP TRAVEL INSURANCE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 32.ITALY SINGLE-TRIP TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 33.ITALY SINGLE-TRIP TRAVEL INSURANCE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 34.SPAIN SINGLE-TRIP TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 35.SPAIN SINGLE-TRIP TRAVEL INSURANCE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 36.NETHERLANDS SINGLE-TRIP TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 37.NETHERLANDS SINGLE-TRIP TRAVEL INSURANCE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 38.REST OF EUROPE SINGLE-TRIP TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 39.REST OF EUROPE SINGLE-TRIP TRAVEL INSURANCE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 40.ASIA-PACIFIC SINGLE-TRIP TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 41.ASIA-PACIFIC SINGLE-TRIP TRAVEL INSURANCE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 42.ASIA-PACIFIC SINGLE-TRIP TRAVEL INSURANCE MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 43.CHINA SINGLE-TRIP TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 44.CHINA SINGLE-TRIP TRAVEL INSURANCE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 45.JAPAN SINGLE-TRIP TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 46.JAPAN SINGLE-TRIP TRAVEL INSURANCE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 47.INDIA SINGLE-TRIP TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 48.INDIA SINGLE-TRIP TRAVEL INSURANCE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 49.AUSTRALIA SINGLE-TRIP TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 50.AUSTRALIA SINGLE-TRIP TRAVEL INSURANCE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 51.REST OF ASIA-PACIFIC SINGLE-TRIP TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 52.REST OF ASIA-PACIFIC SINGLE-TRIP TRAVEL INSURANCE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 53.LAMEA SINGLE-TRIP TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 54.LAMEA SINGLE-TRIP TRAVEL INSURANCE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 55.LAMEA SINGLE-TRIP TRAVEL INSURANCE MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 56.LATIN AMERICA SINGLE-TRIP TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 57.LATIN AMERICA SINGLE-TRIP TRAVEL INSURANCE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 58.MIDDLE EAST SINGLE-TRIP TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 59.MIDDLE EAST SINGLE-TRIP TRAVEL INSURANCE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 60.AFRICA SINGLE-TRIP TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 61.AFRICA SINGLE-TRIP TRAVEL INSURANCE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 62.AGA SERVICE COMPANY: COMPANY SNAPSHOT
TABLE 63.AGA SERVICE COMPANY: OPERATING SEGMENTS
TABLE 64.AGA SERVICE COMPANY: PRODUCT PORTFOLIO
TABLE 65.BAJAJ ALLIANZ GENERAL INSURANCE COMPANY: COMPANY SNAPSHOT
TABLE 66.BAJAJ ALLIANZ GENERAL INSURANCE COMPANY: PRODUCT PORTFOLIO
TABLE 67.CARE HEALTH INSURANCE: COMPANY SNAPSHOT
TABLE 68.CARE HEALTH INSURANCE: PRODUCT PORTFOLIO
TABLE 69.GEOBLUE: COMPANY SNAPSHOT
TABLE 70.GEOBLUE: PRODUCT PORTFOLIO
TABLE 71.HDFC ERGO GENERAL INSURANCE COMPANY LIMITED: COMPANY SNAPSHOT
TABLE 72.HDFC ERGO GENERAL INSURANCE COMPANY LIMITED: OPERATING SEGMENTS
TABLE 73.HDFC ERGO GENERAL INSURANCE COMPANY LIMITED: PRODUCT PORTFOLIO
TABLE 74.ICICI LOMBARD GENERAL INSURANCE COMPANY LTD.: COMPANY SNAPSHOT
TABLE 75.ICICI LOMBARD GENERAL INSURANCE COMPANY LTD.: PRODUCT PORTFOLIO
TABLE 76.IFFCO-TOKIO GENERAL INSURANCE: COMPANY SNAPSHOT
TABLE 77.IFFCO-TOKIO GENERAL INSURANCE: PRODUCT PORTFOLIO
TABLE 78.JULIUS BAER GROUP: COMPANY SNAPSHOT
TABLE 79.JULIUS BAER GROUP: PRODUCT PORTFOLIO
TABLE 80.RELIANCE GENERAL INSURANCE COMPANY LIMITED: COMPANY SNAPSHOT
TABLE 81.RELIANCE GENERAL INSURANCE COMPANY LIMITED: PRODUCT PORTFOLIO
TABLE 82.WORLD NOMADS: COMPANY SNAPSHOT
TABLE 83.WORLD NOMADS: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.SINGLE-TRIP TRAVEL INSURANCE MARKET SNAPSHOT, BY SEGMENTATION
FIGURE 03.SINGLE-TRIP TRAVEL INSURANCE MARKET SNAPSHOT, BY REGION
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.MODERATRE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 07.LOW-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 08.MODERATE-TO-HIGH THREAT OF SUBSTITUTES
FIGURE 09.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 10.MODERATE-TO-HIGH INTENSITY OF RIVALRY
FIGURE 11.GLOBAL SINGLE-TRIP TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL, 2020-2030
FIGURE 12.COMPARATIVE SHARE ANALYSIS OF SINGLE-TRIP TRAVEL INSURANCE MARKET FOR INSURANCE INTERMEDIARIES, BY COUNTRY, 2020 & 2030(%)
FIGURE 13.COMPARATIVE SHARE ANALYSIS OF SINGLE-TRIP TRAVEL INSURANCE MARKET FOR INSURANCE COMPANIES, BY COUNTRY, 2020 & 2030(%)
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF SINGLE-TRIP TRAVEL INSURANCE MARKET FOR BANKS, BY COUNTRY, 2020 & 2030(%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF SINGLE-TRIP TRAVEL INSURANCE MARKET FOR INSURANCE BROKERS, BY COUNTRY, 2020 & 2030(%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF SINGLE-TRIP TRAVEL INSURANCE MARKET FOR INSURANCE AGGREGATORS, BY COUNTRY, 2020 & 2030(%)
FIGURE 17.GLOBAL SINGLE-TRIP TRAVEL INSURANCE MARKET, BY END USER, 2020-2030
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF SINGLE-TRIP TRAVEL INSURANCE MARKET FOR SENIOR CITIZENS, BY COUNTRY, 2020 & 2030(%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF SINGLE-TRIP TRAVEL INSURANCE MARKET FOR EDUCATION TRAVELERS, BY COUNTRY, 2020 & 2030(%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF SINGLE-TRIP TRAVEL INSURANCE MARKET FOR BUSINESS TRAVELERS, BY COUNTRY, 2020 & 2030(%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF SINGLE-TRIP TRAVEL INSURANCE MARKET FOR FAMILY TRAVELERS, BY COUNTRY, 2020 & 2030(%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF SINGLE-TRIP TRAVEL INSURANCE MARKET FOR OTHERS, BY COUNTRY, 2020 & 2030(%)
FIGURE 23.U.S. SINGLE-TRIP TRAVEL INSURANCE MARKET, 2020–2030 ($MILLION)
FIGURE 24.CANADA SINGLE-TRIP TRAVEL INSURANCE MARKET, 2020–2030 ($MILLION)
FIGURE 25.MEXICO SINGLE-TRIP TRAVEL INSURANCE MARKET, 2020–2030 ($MILLION)
FIGURE 26.UK SINGLE-TRIP TRAVEL INSURANCE MARKET, 2020–2030 ($MILLION)
FIGURE 27.GERMANY SINGLE-TRIP TRAVEL INSURANCE MARKET, 2020–2030 ($MILLION)
FIGURE 28.FRANCE SINGLE-TRIP TRAVEL INSURANCE MARKET, 2020–2030 ($MILLION)
FIGURE 29.ITALY SINGLE-TRIP TRAVEL INSURANCE MARKET, 2020–2030 ($MILLION)
FIGURE 30.SPAIN SINGLE-TRIP TRAVEL INSURANCE MARKET, 2020–2030 ($MILLION)
FIGURE 31.NETHERLANDS SINGLE-TRIP TRAVEL INSURANCE MARKET, 2020–2030 ($MILLION)
FIGURE 32.REST OF EUROPE SINGLE-TRIP TRAVEL INSURANCE MARKET, 2020–2030 ($MILLION)
FIGURE 33.CHINA SINGLE-TRIP TRAVEL INSURANCE MARKET, 2020–2030 ($MILLION)
FIGURE 34.JAPAN SINGLE-TRIP TRAVEL INSURANCE MARKET, 2020–2030 ($MILLION)
FIGURE 35.INDIA SINGLE-TRIP TRAVEL INSURANCE MARKET, 2020–2030 ($MILLION)
FIGURE 36.AUSTRALIA SINGLE-TRIP TRAVEL INSURANCE MARKET, 2020–2030 ($MILLION)
FIGURE 37.REST OF ASIA-PACIFIC SINGLE-TRIP TRAVEL INSURANCE MARKET, 2020–2030 ($MILLION)
FIGURE 38.LATIN AMERICA SINGLE-TRIP TRAVEL INSURANCE MARKET, 2020–2030 ($MILLION)
FIGURE 39.MIDDLE EAST SINGLE-TRIP TRAVEL INSURANCE MARKET, 2020–2030 ($MILLION)
FIGURE 40.AFRICA SINGLE-TRIP TRAVEL INSURANCE MARKET, 2020–2030 ($MILLION)
FIGURE 41.MARKET PLAYER POSITIONING, 2020
FIGURE 42.COMPETITIVE DASHBOARD
FIGURE 43.COMPETITIVE DASHBOARD
FIGURE 44.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 45.TOP WINNING STRATEGIES, BY YEAR, 2019–2021
FIGURE 46.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2019–2021
FIGURE 47.TOP WINNING STRATEGIES, BY COMPANY, 2019–2021
FIGURE 48.AGA SERVICE COMPANY: REVENUE, 2018–2020 ($MILLION)
FIGURE 49.AGA SERVICE COMPANY: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 50.HDFC ERGO GENERAL INSURANCE COMPANY LIMITED: REVENUE, 2018–2020 ($MILLION)
FIGURE 51.HDFC ERGO GENERAL INSURANCE COMPANY LIMITED: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 52.IFFCO-TOKIO GENERAL INSURANCE: NET REVENUE, 2018–2020 ($MILLION)
FIGURE 53.IFFCO-TOKIO GENERAL INSURANCE: REVENUE SHARE, BY SEGMENT (2020)


 
 

According to the insights of the CXOs of leading companies, the travel industry is the major consumer of single trip travel insurance solutions. Moreover, the key factors driving the growth of the global single trip travel insurance market trends include increase in use of digital distribution channel among insurance providers to boost the single trip sales and strengthened government regulations toward cross-border travelling. In addition, single trip travel insurance providers are looking forward to expand their insurance policies to provide modified coverages for their consumers, which accelerates the growth of the market during the upcoming years

Key providers of single trip travel insurance market such as AGA Service Company, Bajaj Allianz General Insurance Company, and HDFC ERGO General Insurance Company Limited account for a significant share in the market. With the larger requirement from the single trip travel insurance, various companies are partnering to increase the single trip travel insurance capabilities. For instance, January 2021, Allianz Partners has established a partnership with SmartNomad, a digital travel concierge that leverages artificial intelligence (AI) and human expertise to plan and book fantastic trips. Moreover, Allianz's 24/7 customer support and travel assistance for domestic and international flights, accommodation, and vehicle rentals will be available to SmartNomad clients.

In addition, with the increase in demand for single trip travel insurance services various companies are expanding their current services to continue with the rise in demand. For instance, in July 2021, Bajaj Allianz General Insurance Company and Bank of India, one of the country's largest public sector banks, signed a corporate agency agreement to distribute Bajaj Allianz General Insurance's products through the bank's extensive network of 5084 branches, 80 Retail Business Centers, and 60 SME City Centers.

Moreover, market players are expanding their single trip operations and customers by increasing their partnership. For instance, in June 2019, Bajaj Allianz General Insurance Company and Citibank have agreed to distribute Bajaj Allianz General Insurance's products through a corporate agency arrangement. In addition, Bajaj Allianz General Insurance will provide personal lines of insurance such as health, personal accident, vehicle, home, and travel to the bank's clients, as well as business lines of insurance such as property, marine, and engineering. Moreover, the goal of this collaboration between the two companies was to give world-class services to the bank's clients and improve their overall experience. 

PURCHASE OPTIONS

Start reading instantly ,This Report and over 13000+ thousand more Reports, Available with Avenue Library, T&C*

Call or Email us

U.S.-Canada
Toll-free :
+1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
FREQUENTLY ASKED QUESTIONS?
Our Report Looks Like This
 

A. The single trip travel insurance market is estimated to grow at a CAGR of 19.1% from 2021 to 2030.

A. The single trip travel insurance market is projected to reach $45.89 billion by 2030.

A. To get the latest version of sample report

A. Increase in use of digital distribution channel among insurance providers boost and favorable government regulations regarding travel insurance.

A. The key players profiled in the report include AGA Service Company, Bajaj Allianz General Insurance Company, Care Health Insurance, GeoBlue, and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The single trip travel insurance market is segmented on the basis of distribution channel, end user and region.

A. The key growth strategies of single trip travel insurance market players include product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaboration.

A. Insurance Aggregators segment would exhibit the highest CAGR of 23.2% during 2021-2030.

A. Asia-Pacific region will dominate the market by the end of 2030.

Allied Market Research Allied Market Research Allied Market Research
RELATED TAGS
 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

Download Sample

OR

Purchase Full Report of
Single Trip Travel Insurance Market

Start reading instantly.
This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,713
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $4,126
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $6,169
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,930
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $10,665
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Erythropoietin Drugs Market

Global Opportunity Analysis and Industry Forecast, 2021–2028

Published in May 2021

Download Sample

Protein Therapeutics Market

Global Opportunity Analysis and Industry Forecast, 2021–2030

Published in Feb 2022

Download Sample

Surgical Equipment Market

Global Opportunity Analysis and Industry Forecast, 2020-2027

Published in Jan 2021

Download Sample

Medical Implant Market

Global Opportunity Analysis and Industry Forecast, 2020–2027

Published in Nov 2020

Download Sample

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers