U.S. Travel Insurance Market Size & Outlook, 2022-2030
U.S. travel insurance market, 2017-2030 (US$M)
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U.S. travel insurance market highlights
- The U.S. travel insurance market generated a revenue of USD 2,258.4 million in 2022 and is expected to reach USD 6,990.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 15.2% 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.
Travel insurance market data book summary
| Market revenue in 2022 | USD 2,258.4 million |
| Market revenue in 2030 | USD 6,990.4 million |
| Growth rate | 15.2% (CAGR from 2022 to 2030) |
| Largest segment | Single-trip travel insurance |
| Fastest growing segment | Single-trip Travel Insurance |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 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, U.S. accounted for 11.1% of the global travel insurance market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. travel insurance market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 6,990.4 million by 2030.
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Travel Insurance Market Scope
Travel Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 60.28% in 2022. Horizon Databook has segmented the U.S. 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.
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Our clientele includes a mix of travel insurance market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. travel insurance market, including forecasts for subscribers. This country databook contains high-level insights into U.S. travel insurance market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. travel insurance market report size, by insurance coverage, 2017-2030 (US$M)
U.S. Travel Insurance Market Share, 2022 & 2030 (US$M)
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