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Europe Travel Insurance Market 2020-2030 by Travel Type, Application, Coverage, End User, Distribution Channel, and Country: Trend Forecast and Growth Opportunity

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Aug 2021 - 104 Pages - From $2,580
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Europe travel insurance market accounted for $5,394.5 million in 2020 and will grow by 6.6% annually over 2020-2030 driven by the rising disposable income, increasing business travels and availability of online travel booking platforms and mobile devices, as well as the rising property loss and flight cancelations amid COVID-19 pandemic.
Highlighted with 32 tables and 52 figures, this 104-page report “Europe Travel Insurance Market 2020-2030 by Travel Type, Application, Coverage, End User, Distribution Channel, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Europe travel insurance market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate and forecast from 2020 till 2030 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify Europe travel insurance market in every aspect of the classification from perspectives of Travel Type, Application, Coverage, End User, Distribution Channel, and Country.

Based on Travel Type, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Single-trip Travel Insurance
• Annual Multi-trip Travel Insurance
• Long-stay Travel Insurance

Based on Application, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Domestic Travel
• International Travel

Based on Coverage, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Medical Insurance
• Trip Cancellation & Delay Insurance
• Property Loss & Damage Insurance
• Other Coverages

Based on End User, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Family Travelers
• Senior Citizens
• Business Travelers
• Education Travelers
• Backpackers
• Other End Users

Based on Distribution Channel, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Insurance Intermediaries
• Insurance Companies
• Banks
• Insurance Brokers
• Insurance Aggregators
• Other Distribution Channels

Geographically, the following national/local markets are fully investigated:
• Germany
• UK
• France
• Spain
• Italy
• Russia
• Rest of Europe (further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of key national markets by Travel Type, Coverage, and End User over the forecast years is also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Players (this may not be a complete list and extra companies can be added upon request):
Allianz Group
American Express Company
American International Group Inc.
Assicurazioni Generali S.P.A.
AXA SA
Berkshire Hathaway Specialty Insurance Company
Insure & Go Insurance Services Limited
Seven Corners Inc.
Travel Insured International
TravelSafe Insurance
USI Insurance Services
Zurich Insurance Co. Limited
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 20
2.1.2 Impact of COVID-19 on the Market 22
2.2 Major Growth Drivers 24
2.3 Market Restraints and Challenges 28
2.4 Emerging Opportunities and Market Trends 31
2.5 Porter’s Fiver Forces Analysis 35
3 Segmentation of Europe Market by Travel Type 39
3.1 Market Overview by Travel Type 39
3.2 Single-trip Travel Insurance 41
3.3 Annual Multi-trip Travel Insurance 42
3.4 Long-stay Travel Insurance 43
4 Segmentation of Europe Market by Application 44
4.1 Market Overview by Application 44
4.2 Domestic Travel 46
4.3 International Travel 47
5 Segmentation of Europe Market by Coverage 48
5.1 Market Overview by Coverage 48
5.2 Medical Insurance 50
5.3 Trip Cancellation & Delay Insurance 51
5.4 Property Loss & Damage Insurance 52
5.5 Other Coverages 53
6 Segmentation of Europe Market by End User 54
6.1 Market Overview by End User 54
6.2 Family Travelers 56
6.3 Senior Citizens 57
6.4 Business Travelers 58
6.5 Education Travelers 59
6.6 Backpackers 60
6.7 Other End Users 61
7 Segmentation of Europe Market by Distribution Channel 62
7.1 Market Overview by Distribution Channel 62
7.2 Insurance Intermediaries 64
7.3 Insurance Companies 65
7.4 Banks 66
7.5 Insurance Brokers 67
7.6 Insurance Aggregators 68
7.7 Other Distribution Channels 69
8 European Market 2019-2030 by Country 70
8.1 Overview of European Market 70
8.2 Germany 73
8.3 U.K. 75
8.4 France 77
8.5 Spain 79
8.6 Italy 81
8.7 Russia 83
8.8 Rest of European Market 85
9 Competitive Landscape 87
9.1 Overview of Key Vendors 87
9.2 New Product Launch, Partnership, Investment, and M&A 90
9.3 Company Profiles 91
Allianz Group 91
American Express Company 93
American International Group Inc. 94
Assicurazioni Generali S.P.A. 95
AXA SA 96
Berkshire Hathaway Specialty Insurance Company 97
Insure & Go Insurance Services Limited 98
Seven Corners Inc. 99
Travel Insured International 100
TravelSafe Insurance 101
USI Insurance Services 102
Zurich Insurance Co. Limited 103
RELATED REPORTS 104

List of Tables:

Table 1. Snapshot of Europe Travel Insurance Market in Balanced Perspective, 2019-2030 17
Table 2. Growth Rate of World GDP, 2020-2022 21
Table 3. Main Product Trends and Market Opportunities in Europe Travel Insurance Market 31
Table 4. Europe Travel Insurance Market by Travel Type, 2019-2030, $ mn 39
Table 5. Europe Travel Insurance Market by Application, 2019-2030, $ mn 44
Table 6. Europe Travel Insurance Market by Coverage, 2019-2030, $ mn 48
Table 7. Europe Travel Insurance Market by End User, 2019-2030, $ mn 54
Table 8. Europe Travel Insurance Market by Distribution Channel, 2019-2030, $ mn 62
Table 9. Europe Travel Insurance Market by Country, 2019-2030, $ mn 72
Table 10. Germany Travel Insurance Market by Travel Type, 2019-2030, $ mn 74
Table 11. Germany Travel Insurance Market by Coverage, 2019-2030, $ mn 74
Table 12. Germany Travel Insurance Market by End User, 2019-2030, $ mn 74
Table 13. U.K. Travel Insurance Market by Travel Type, 2019-2030, $ mn 76
Table 14. U.K. Travel Insurance Market by Coverage, 2019-2030, $ mn 76
Table 15. U.K. Travel Insurance Market by End User, 2019-2030, $ mn 76
Table 16. France Travel Insurance Market by Travel Type, 2019-2030, $ mn 78
Table 17. France Travel Insurance Market by Coverage, 2019-2030, $ mn 78
Table 18. France Travel Insurance Market by End User, 2019-2030, $ mn 78
Table 19. Spain Travel Insurance Market by Travel Type, 2019-2030, $ mn 80
Table 20. Spain Travel Insurance Market by Coverage, 2019-2030, $ mn 80
Table 21. Spain Travel Insurance Market by End User, 2019-2030, $ mn 80
Table 22. Italy Travel Insurance Market by Travel Type, 2019-2030, $ mn 82
Table 23. Italy Travel Insurance Market by Coverage, 2019-2030, $ mn 82
Table 24. Italy Travel Insurance Market by End User, 2019-2030, $ mn 82
Table 25. Russia Travel Insurance Market by Travel Type, 2019-2030, $ mn 84
Table 26. Russia Travel Insurance Market by Coverage, 2019-2030, $ mn 84
Table 27. Russia Travel Insurance Market by End User, 2019-2030, $ mn 84
Table 28. Travel Insurance Market in Rest of Europe by Country, 2019-2030, $ mn 86
Table 29. Allianz Group: Company Snapshot 91
Table 30. Allianz Group: Business Segmentation 91
Table 31. Allianz Group: Product Portfolio 92
Table 32. Allianz Group: Revenue, 2018-2020, $ mn 92

 

 

List of Figures:

Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030 16
Figure 4. Europe Travel Insurance Market, 2019-2030, $ mn 19
Figure 5. Impact of COVID-19 on Business 22
Figure 6. Primary Drivers and Impact Factors of Europe Travel Insurance Market 24
Figure 7. GDP per capita in the World, 1960-2018, $ thousand 27
Figure 8. Forecast of World Middle-class Population by Region, 2015-2030, million 27
Figure 9. Primary Restraints and Impact Factors of Europe Travel Insurance Market 28
Figure 10. Investment Opportunity Analysis 32
Figure 11. Porter’s Fiver Forces Analysis of Europe Travel Insurance Market 35
Figure 12. Breakdown of Europe Travel Insurance Market by Travel Type, 2019-2030, % of Revenue 40
Figure 13. Europe Addressable Market Cap in 2021-2030 by Travel Type, Value ($ mn) and Share (%) 40
Figure 14. Europe Travel Insurance Market: Single-trip Travel Insurance, 2019-2030, $ mn 41
Figure 15. Europe Travel Insurance Market: Annual Multi-trip Travel Insurance, 2019-2030, $ mn 42
Figure 16. Europe Travel Insurance Market: Long-stay Travel Insurance, 2019-2030, $ mn 43
Figure 17. Breakdown of Europe Travel Insurance Market by Application, 2019-2030, % of Sales Revenue 45
Figure 18. Europe Addressable Market Cap in 2021-2030 by Application, Value ($ mn) and Share (%) 45
Figure 19. Europe Travel Insurance Market: Domestic Travel, 2019-2030, $ mn 46
Figure 20. Europe Travel Insurance Market: International Travel, 2019-2030, $ mn 47
Figure 21. Breakdown of Europe Travel Insurance Market by Coverage, 2019-2030, % of Sales Revenue 49
Figure 22. Europe Addressable Market Cap in 2021-2030 by Coverage, Value ($ mn) and Share (%) 49
Figure 23. Europe Travel Insurance Market: Medical Insurance, 2019-2030, $ mn 50
Figure 24. Europe Travel Insurance Market: Trip Cancellation & Delay Insurance, 2019-2030, $ mn 51
Figure 25. Europe Travel Insurance Market: Property Loss & Damage Insurance, 2019-2030, $ mn 52
Figure 26. Europe Travel Insurance Market: Other Coverages, 2019-2030, $ mn 53
Figure 27. Breakdown of Europe Travel Insurance Market by End User, 2019-2030, % of Revenue 55
Figure 28. Europe Addressable Market Cap in 2021-2030 by End User, Value ($ mn) and Share (%) 55
Figure 29. Europe Travel Insurance Market: Family Travelers, 2019-2030, $ mn 56
Figure 30. Europe Travel Insurance Market: Senior Citizens, 2019-2030, $ mn 57
Figure 31. Europe Travel Insurance Market: Business Travelers, 2019-2030, $ mn 58
Figure 32. Europe Travel Insurance Market: Education Travelers, 2019-2030, $ mn 59
Figure 33. Europe Travel Insurance Market: Backpackers, 2019-2030, $ mn 60
Figure 34. Europe Travel Insurance Market: Other End Users, 2019-2030, $ mn 61
Figure 35. Breakdown of Europe Travel Insurance Market by Distribution Channel, 2019-2030, % of Revenue 63
Figure 36. Europe Addressable Market Cap in 2021-2030 by Distribution Channel, Value ($ mn) and Share (%) 63
Figure 37. Europe Travel Insurance Market: Insurance Intermediaries, 2019-2030, $ mn 64
Figure 38. Europe Travel Insurance Market: Insurance Companies, 2019-2030, $ mn 65
Figure 39. Europe Travel Insurance Market: Banks, 2019-2030, $ mn 66
Figure 40. Europe Travel Insurance Market: Insurance Brokers, 2019-2030, $ mn 67
Figure 41. Europe Travel Insurance Market: Insurance Aggregators, 2019-2030, $ mn 68
Figure 42. Europe Travel Insurance Market: Other Distribution Channels, 2019-2030, $ mn 69
Figure 43. Breakdown of European Travel Insurance Market by Country, 2019 and 2030, % of Revenue 71
Figure 44. Contribution to Europe 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 72
Figure 45. Travel Insurance Market in Germany, 2019-2030, $ mn 73
Figure 46. Travel Insurance Market in U.K., 2019-2030, $ mn 75
Figure 47. Travel Insurance Market in France, 2019-2030, $ mn 77
Figure 48. Travel Insurance Market in Spain, 2019-2030, $ mn 79
Figure 49. Travel Insurance Market in Italy, 2019-2030, $ mn 81
Figure 50. Travel Insurance Market in Russia, 2019-2030, $ mn 83
Figure 51. Travel Insurance Market in Rest of Europe, 2019-2030, $ mn 85
Figure 52. Growth Stage of Europe Travel Insurance Industry over the Forecast Period 87

 

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