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2023

U.S. Travel Insurance Market

U.S. Travel Insurance Market Size, Share, Competitive Landscape and Trend Analysis Report, by Insurance Cover, by Distribution Channel, by End User, by Age Group : Opportunity Analysis and Industry Forecast, 2021-2031

BI : Banking

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Author's: Kanhaiya Kathoke| Sourabh Ekre | Onkar Sumant
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This report is a comprehensive study of current trends in the market, industry growth drivers, and restraints.

This report entails a detailed quantitative analysis of the current trends to identify the prevailing opportunities along with strategic assessment of the U.S. travel insurance market. Moreover, the report provides information on key players operating in the market. The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.

Research methodology

Both, top-down and bottom-up approaches are used to estimate and validate the size of the U.S. travel insurance market and various other dependent submarkets.

Bottom-up Approach: The bottom-up approach is used to arrive at the overall market size of the U.S. travel insurance market by estimating the market size in terms of value, through secondary and primary research.

Top-down Approach: The market size derived from the bottom-up approach is further used in the top-down approach to estimate the size of other segments of the market mentioned in the table of content via percentage splits from secondary and primary research.

Data Triangulation: To triangulate the data derived from market size estimation process explained above, the total market is split into several segments.

With this methodology, AMR triangulates the market size estimation and ensures that our analysis is aligned with industry situation.

U.S. Travel Insurance Market
By Insurance Cover
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Long-Stay Travel Insurance segment dominates the U.S. Travel Insurance Market and is expected to retain its dominance throughout the forecast period.

KEY MARKET BENEFITS

  • This report defines, describes, segments, and forecasts the U.S. travel insurance market along with the current trends and future estimations influencing the market growth from 2021-2031.

  • The report provides detailed market information considering historic year 2020, base year 2022, and estimate and forecast years from 2022-2031.

  • The market size and estimations are based on a comprehensive analysis of key developments in the U.S. travel insurance market industry.

  • This report provides comprehensive analysis of top market players.

  • The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.

COVID-19 impact analysis

The COVID-19 pandemic outburst has led to a notable impact on the economy, globally. The report provides an analysis on micro and macro economic impact due to the COVID-19. Moreover, it highlights the direct impact of COVID-19 on the U.S. travel insurance market in form of a qualitative analysis. Furthermore, it summarizes the details about the market size and share due to the impact of COVID-19. Additionally, the study provides an analysis on the key strategies adopted by key players during the global health crisis. The report will further focus on the impact of COVID-19 on the supply chain of U.S. travel insurance market. In addition, it portrays a post COVID-19 scenario, due to decline in the risk of infection and introduction of vaccines such as Covaxin, Sputnik, and Covishield.

U.S. Travel Insurance Market Report Highlights

Aspects Details
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By Insurance Cover
  • Single-Trip Travel Insurance
  • Annual Multi-Trip Travel Insurance
  • Long-Stay Travel Insurance
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By Age Group
  • 1-17 Years Old
  • 18-30 Years Old
  • 31-49 Years Old
  • Above 50
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By Distribution Channel
  • Insurance Intermediaries
  • Insurance Companies
  • Banks
  • Insurance Brokers
  • Insurance Aggregators
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By End User
  • Senior Citizens
  • Education Travelers
  • Business Travelers
  • Family Travelers
  • Others
Author Name(s) : Kanhaiya Kathoke| Sourabh Ekre | Onkar Sumant

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U.S. Travel Insurance Market

Opportunity Analysis and Industry Forecast, 2021-2031