Asia-Pacific Travel Insurance Market by Distribution Channel (Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, Insurance Aggregators, and Others), Insurance Cover (Single Trip, Annual Multi-trip, and Long Stay) and End User (Senior Citizens, Educational Travelers, Backpackers, Business Travelers, Family Travelers, and Fully Independent Travelers): Opportunity Analysis and Industry Forecast, 2016-2022
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Asia-pacific Travel Insurance Market is estimated to reach $9,875 million by 2022, growing at a CAGR of 10.1% from 2016 to 2022. Travel insurance provides security and protection to travelers while traveling domestically or internationally, whether on a business trip or holiday. It is considered as an essential to undertake a carefree trip. This type of insurance not only provides basic coverage such as health insurance and transportation in the event of repatriation, but also a protective cover against missing checked-in luggage, trip cancellation, and other probable casualties.
The Asia-Pacific travel insurance market is segmented based on distribution channel, insurance cover, end user, and geography.
The distribution channel is categorized into insurance intermediaries, insurance companies, banks, insurance brokers, insurance aggregators, and others.
For insurance cover, the market is divided into single trip, annual multi-trip, and long stay.
Based on end user, it is classified into senior citizens, educational travelers, backpackers, business travelers, family travelers, and fully independent travelers.
Geographically, it is analyzed across China, Japan, India, Australia, New Zealand, Thailand, and rest of Asia-Pacific.
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Key Market Players :
American International Group Inc, Allianz Group, Ace Insurance Company Limited, Munich Reinsurance Company, Tokio Marine Holdings, Inc, China Pacific Insurance Co., Ltd, Bajaj Finserv Ltd, Ping An Insurance Company of China, Ltd, Dongbu Group, MS&AD Insurance Group Holdings, Inc
Key Benefits
- A comprehensive analysis of the current trends and future estimations in the Asia-Pacific travel insurance market is provided.
- The report elucidates on key drivers, restraints, and opportunities and a detailed impact analysis.
- Quantitative analysis is provided from 2014 to 2022, with 2015 as the base year and forecast from 2016 to 2022.
- Porters Five Forces model of the industry illustrates the potency of the buyers and suppliers in the market.
- A quantitative analysis of the current scenario and the forecast period highlights the financial competency of the market.
- The report provides a detailed analysis of the market with respect to distribution channel, insurance cover, end user, and country.
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