Middle East & Africa Travel Insurance Market Size & Outlook
Middle East & Africa travel insurance market, 2017-2030 (US$M)
Related Markets
MEA travel insurance market highlights
- The MEA travel insurance market generated a revenue of USD 2,078.0 million in 2022.
- The market is expected to grow at a CAGR of 15.5% from 2023 to 2030.
- In terms of segment, single-trip travel insurance was the largest revenue generating insurance coverage in 2022.
- Single-trip Travel Insurance is the most lucrative insurance coverage segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2022 | USD 2,078.0 million |
| Market revenue in 2030 | USD 6,560.0 million |
| Growth rate | 15.5% (CAGR from 2022 to 2030) |
| Largest segment | Single-trip travel insurance |
| Fastest growing segment | Single-trip Travel Insurance |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single-trip Travel Insurance, Annual Multi-trip Travel Insurance, Long-stay Travel Insurance |
| Key market players worldwide | Allianz SE, American International Group Inc, AXA SA, Assicurazioni Generali, USI Insurance Services, battleface, Seven Corners, Travel Insured International, Zurich Insurance Group AG, Ping An Insurance (Group) Co. of China Ltd ADR, InsureandGo, EbixCash World Money |
Other key industry trends
- In terms of revenue, MEA region accounted for 10.2% of the global travel insurance market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 20,382.5 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Travel Insurance Market Scope
Travel Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa travel insurance market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to travel insurance market will help companies and investors design strategic landscapes.
Single-trip travel insurance was the largest segment with a revenue share of 60.96% in 2022. Horizon Databook has segmented the Middle East & Africa travel insurance market based on single-trip travel insurance, annual multi-trip travel insurance, long-stay travel insurance covering the revenue growth of each sub-segment from 2017 to 2030.
Reasons to subscribe to Middle East & Africa travel insurance market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Middle East & Africa travel insurance market databook
-
Our clientele includes a mix of travel insurance market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa travel insurance market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa travel insurance market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Middle East & Africa travel insurance market
Middle East & Africa Travel Insurance Market Share, 2022 & 2030 (US$M)
Middle East & Africa travel insurance market
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
