The Europe Travel Insurance Market Report 2023, provided by Astute Analytica, offers an extensive analysis of the market’s technical and financial data for both the present and foreseeable future. This report serves as a valuable addition to the market research archive, providing a thorough investigation and analysis of crucial aspects of the Europe Travel Insurance Market.
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Europe travel insurance market was valued at US$ 2,156.3 million in 2022 and is projected to attain a valuation of US$ 13,006.1 million by 2031 at a CAGR of 22.1% during the forecast period 2023–2031.
It analyses the market’s regional trends, size, expansion prospects, and important factors in each region. Additionally, it acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. Both the direct and indirect effects of the pandemic on related industries are taken into account and discussed in the report.
The report gives a thorough analysis of the Europe Travel Insurance Market, covering regional trends, market size, prospects for expansion, and important market factors in each region. In 2021, the United States Gross Domestic Product (GDP) value was US$ 23,315.08 billion, according to verified data from the World Bank. In terms of GDP, the United States accounts for 10.41% of the global economy. The mixed economy of the United States is very advanced. By nominal GDP, it has the largest economy in the world, and by purchasing power parity (PPP), it is second only to China in size.
The leading companies mentioned are
- Allianz Travel
- AXA SA
- Tata AIG
- SocGen
- American Express Company
- American International Group
- Atlas International
- Berkshire Hathway Travel
- CSA Travel Protection (Generali Global Assistance)
- FWD Group Limited
- Generali
- Hanse Merkur
- Other Prominent Players
The report also acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. It considers both the direct impact of the pandemic and the indirect influence on related industries. The observations on the pandemic’s impact are included in the report.
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Furthermore, the report divides geographical regions into several major categories for production, consumption, revenue (in US dollars), and market share analysis. It discusses the predicted growth of the market in these regions between 2021 and 2031.
The segmentation overview of the Europe Travel Insurance Market includes
By Medical Cover
- Emergency Accidental Treatment & Evacuation
- Emergency Medical Treatment & Evacuation
- Personal Accident
- Daily Cash Allowance
- Accidental Death & Disability
- Emergency Dental Treatment
By Risk Coverage
- Smooth Transit Covers
- Trip Cancellations
- Common Carrier Delay
- Delay of Checked-In Baggage
- Flexible Trip
- Loss of Passport
- Emergency Cash
- Emergency Trip Extension
- Trip Abandonment
- Personal Liability & Bail Bond
- Others
By Trip Type
- Comprehensive Travel
- Student Travel
- Leisure Travel
By Type
- Individual Insurance
- Group Insurance
- Single Trip Insurance
- Multi Trip Insurance
By Destination
- International
- Domestic
By Distribution Channel
- Insurance Intermediaries
- Insurance Companies
- Banks
- Insurance Brokers
- Insurance Aggregators
By End User
- Students
- Travelers
- Travel Bloggers
- Tourist Guides
- Family Travelers
- Business Travelers
- Group Travelers
- Senior Citizens
- Others
By Country
- Germany
- UK
- France
- Italy
- Spain
- Netherlands
- Hungary
- Switzerland
- Russia
- Poland
- Austria
- Slovakia
- Czech Republic
- Croatia
- Slovenia
- Romania
- Bulgaria
- Rest of Europe
Overall, Astute Analytica’s report on the Europe Travel Insurance Market appears to be a comprehensive resource for businesses seeking to understand the current state of the market and its future growth prospects.
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