Trip Cancellation Insurance Market

Global Trip Cancellation Insurance Market Roadmap to 2030

Global Trip Cancellation Insurance is segmented by Application (Travel agencies, Airlines, Tour operators, Consumers), Type (Travel insurance, Event cancellation, Reimbursement plans, Comprehensive coverage, Claims management) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

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INDUSTRY OVERVIEW

The Trip Cancellation Insurance market is experiencing robust growth, projected to achieve a compound annual growth rate CAGR of 8.50% during the forecast period. Valued at USD3.0Billion, the market is expected to reach USD6.0Billion by 2030, with a year-on-year growth rate of 9.00%. This upward trajectory is driven by factors such as evolving consumer preferences, technological advancements, and increased investment in innovation, positioning the market for significant expansion in the coming years. Companies should strategically focus on enhancing their offerings and exploring new market opportunities to capitalize on this growth potential.

Trip Cancellation Insurance Market Size in (USD Billion) CAGR Growth Rate 8.50%

Study Period 2019-2030
Market Size (2023): USD3.0Billion
Market Size (2030): USD6.0Billion
CAGR (2023 - 2030): 8.50%
Fastest Growing Region North America
Dominating Region Europe
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Trip cancellation insurance protects travelers against financial loss in case of trip cancellation due to unexpected events such as illness or weather disruptions.



Regulatory Framework

The Information and Communications Technology (ICT) industry is primarily regulated by the Federal Communications Commission (FCC) in the United States, along with other national and international regulatory bodies. The FCC oversees the allocation of spectrum, ensures compliance with telecommunications laws, and fosters fair competition within the sector. It also establishes guidelines for data privacy, cybersecurity, and service accessibility, which are crucial for maintaining industry standards and protecting consumer interests.
Globally, various regulatory agencies, such as the European Telecommunications Standards Institute (ETSI) and the International Telecommunication Union (ITU), play significant roles in standardizing practices and facilitating international cooperation. These bodies work together to create a cohesive regulatory framework that addresses emerging technologies, cross-border data flow, and infrastructure development. Their regulations aim to ensure the ICT industry's growth is both innovative and compliant with global standards, promoting a secure and competitive market environment.
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Key Highlights

•    The Trip Cancellation Insurance is growing at a CAGR of 8.50% during the forecasted period of 2019 to 2030
•    Year on Year growth for the market is 9.00%
•    Based on type, the market is bifurcated into Travel insurance, Event cancellation, Reimbursement plans, Comprehensive coverage
•    Based on application, the market is segmented into Travel agencies, Airlines, Tour operators, Consumers
•    Global Import Export in terms of K Tons, K Units, and Metric Tons will be provided if Applicable based on industry best practice

Market Segmentation Analysis

Segmentation by Type


  • Travel insurance
  • Event cancellation
  • Reimbursement plans
  • Comprehensive coverage

Trip Cancellation Insurance Market Segmentation by Type

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Segmentation by Application
 
  • Travel agencies
  • Airlines
  • Tour operators
  • Consumers

Trip Cancellation Insurance Market Segmentation by Application

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Key Players

Several key players in the Trip Cancellation Insurance market are strategically focusing on expanding their operations in developing regions to capture a larger market share, particularly as the year-on-year growth rate for the market stands at 9.00%. The companies featured in this profile were selected based on insights from primary experts, evaluating their market penetration, product offerings, and geographical reach. By targeting emerging markets, these companies aim to leverage new opportunities, enhance their competitive advantage, and drive revenue growth. This approach not only aligns with their overall business objectives but also positions them to respond effectively to the evolving demands of consumers in these regions.
  • Allianz
  • Travel Guard
  • Travelex
  • World Nomads
  • AXA Assistance
  • Generali
  • InsureMyTrip
  • Seven Corners
  • Berkshire Hathaway Travel Protection
  • HTH Travel Insurance
  • IMG
  • RoamRight
  • Nationwide
  • MAPFRE

Trip Cancellation Insurance Market Segmentation by Players

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Research Methodology

At HTF Market Intelligence, we pride ourselves on delivering comprehensive market research that combines both secondary and primary methodologies. Our secondary research involves rigorous analysis of existing data sources, such as industry reports, market databases, and competitive landscapes, to provide a robust foundation of market knowledge. This is complemented by our primary research services, where we gather firsthand data through surveys, interviews, and focus groups tailored specifically to your business needs. By integrating these approaches, we offer a thorough understanding of market trends, consumer behavior, and competitive dynamics, enabling you to make well-informed strategic decisions. We would welcome the opportunity to discuss how our research expertise can support your business objectives.

Market Dynamics


Market dynamics refer to the forces that influence the supply and demand of products and services within a market. These forces include factors such as consumer preferences, technological advancements, regulatory changes, economic conditions, and competitive actions. Understanding market dynamics is crucial for businesses as it helps them anticipate changes, identify opportunities, and mitigate risks.
By analyzing market dynamics, companies can better understand market trends, predict potential shifts, and develop strategic responses. This analysis enables businesses to align their product offerings, pricing strategies, and marketing efforts with evolving market conditions, ultimately leading to more informed decision-making and a stronger competitive position in the marketplace.

Market Driver

  • Expansion In International Travel Markets
  • Demand For Customized Travel Insurance


Market Trend

  • Integration with mobile apps for easy claim filing
  • personalized coverage options

Opportunity

  • Expansion In International Travel Markets
  • Demand For Customized Travel Insurance


Challenge

  • Fraudulent Claims
  • High Premiums



Regional Outlook

The Europe Region holds the largest market share in 2023 and is expected to grow at a good CAGR. The North America Region is the fastest-growing region due to increasing development and disposable income.


North America remains a leader, driven by innovation hubs like Silicon Valley and a strong demand for advanced technologies such as AI and cloud computing. Europe is characterized by robust regulatory frameworks and significant investments in digital transformation across sectors. Asia-Pacific is experiencing rapid growth, led by major markets like China and India, where increasing digital adoption and governmental initiatives are propelling ICT advancements.


The Middle East and Africa are witnessing steady expansion, driven by infrastructure development and growing internet penetration. Latin America and South America present emerging opportunities, with rising investments in digital infrastructure, though challenges like economic instability can impact growth. These regional differences highlight the need for tailored strategies in the global ICT market.
 

Regions
  • North America
  • LATAM
  • West Europe
  • Central & Eastern Europe
  • Northern Europe
  • Southern Europe
  • East Asia
  • Southeast Asia
  • South Asia
  • Central Asia
  • Oceania
  • MEA
Fastest Growing Region
North America
North America region hold dominating market share in Trip Cancellation Insurance Market
Dominating Region
Europe
Europe region hold dominating market share in Trip Cancellation Insurance Market

 

Report Features

Details

Base Year

2023

Based Year Market Size (2023)

USD3.0Billion

Historical Period Market Size (2019)

USD2.0Billion

CAGR (2023 to 2030)

8.50%

Forecast Period

2025 to 2030

Forecasted Period Market Size (2030)

USD6.0Billion 

Scope of the Report

Travel insurance, Event cancellation, Reimbursement plans, Comprehensive coverage, Travel agencies, Airlines, Tour operators, Consumers

Regions Covered

North America, Europe, Asia Pacific, South America, and MEA

Year on Year Growth

9.00%

Companies Covered

Allianz, Travel Guard, Travelex, World Nomads, AXA Assistance, Generali, InsureMyTrip, Seven Corners, Berkshire Hathaway Travel Protection, HTH Travel Insurance, IMG, RoamRight, Nationwide, MAPFRE

Customization Scope

15% Free Customization (For EG)

Delivery Format

PDF and Excel through Email

 

 

Trip Cancellation Insurance - Table of Contents

Chapter 1: Market Preface
  • 1.1 Global Trip Cancellation Insurance Market Landscape
  • 1.2 Scope of the Study
  • 1.3 Relevant Findings & Stakeholder Advantages

Chapter 2: Strategic Overview
  • 2.1 Global Trip Cancellation Insurance Market Outlook
  • 2.2 Total Addressable Market versus Serviceable Market
  • 2.3 Market Rivalry Projection

Chapter 3 : Global Trip Cancellation Insurance Market Business Environment & Changing Dynamics
  • 3.1 Growth Drivers
    • 3.1.1 Expansion in international travel markets
    • 3.1.2 demand for customized travel insurance
  • 3.2 Available Opportunities
    • 3.2.1 Expansion in international travel markets
  • 3.3 Influencing Trends
    • 3.3.1 Integration with mobile apps for easy cla
  • 3.4 Challenges
    • 3.4.1 Fraudulent claims
    • 3.4.2 high premiums
    • 3.4.3 lack of
  • 3.5 Regional Dynamics

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Chapter 4 : Global Trip Cancellation Insurance Industry Factors Assessment
  • 4.1 Current Scenario
  • 4.2 PEST Analysis
  • 4.3 Business Environment - PORTER 5-Forces Analysis
    • 4.3.1 Supplier Leverage
    • 4.3.2 Bargaining Power of Buyers
    • 4.3.3 Threat of Substitutes
    • 4.3.4 Threat from New Entrant
    • 4.3.5 Market Competition Level
  • 4.4 Roadmap of Trip Cancellation Insurance Market
  • 4.5 Impact of Macro-Economic Factors
  • 4.6 Market Entry Strategies
  • 4.7 Political and Regulatory Landscape
  • 4.8 Supply Chain Analysis
  • 4.9 Impact of Tariff War


Chapter 5: Trip Cancellation Insurance : Competition Benchmarking & Performance Evaluation
  • 5.1 Global Trip Cancellation Insurance Market Concentration Ratio
    • 5.1.1 CR4, CR8 and HH Index
    • 5.1.2 % Market Share - Top 3
    • 5.1.3 Market Holding by Top 5
  • 5.2 Market Position of Manufacturers by Trip Cancellation Insurance Revenue 2023
  • 5.3 BCG Matrix
  • 5.3 Market Entropy
  • 5.4 Ansoff Matrix
  • 5.5 FPNV Positioning Matrix
Chapter 6: Global Trip Cancellation Insurance Market: Company Profiles
  • 6.1 Allianz
    • 6.1.1 Allianz Company Overview
    • 6.1.2 Allianz Product/Service Portfolio & Specifications
    • 6.1.3 Allianz Key Financial Metrics
    • 6.1.4 Allianz SWOT Analysis
    • 6.1.5 Allianz Development Activities
  • 6.2 Travel Guard
  • 6.3 Travelex
  • 6.4 World Nomads
  • 6.5 AXA Assistance
  • 6.6 Generali
  • 6.7 InsureMyTrip
  • 6.8 Seven Corners
  • 6.9 Berkshire Hathaway Travel Protection
  • 6.10 HTH Travel Insurance
  • 6.11 IMG
  • 6.12 RoamRight
  • 6.13 Nationwide
  • 6.14 MAPFRE
  • 6.15 USAA

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Chapter 7 : Global Trip Cancellation Insurance by Type & Application (2019-2030)
  • 7.1 Global Trip Cancellation Insurance Market Revenue Analysis (USD Million) by Type (2019-2023)
    • 7.1.1 Travel Insurance
    • 7.1.2 Event Cancellation
    • 7.1.3 Reimbursement Plans
    • 7.1.4 Comprehensive Coverage
    • 7.1.5 Claims Management
  • 7.2 Global Trip Cancellation Insurance Market Revenue Analysis (USD Million) by Application (2019-2023)
    • 7.2.1 Travel Agencies
    • 7.2.2 Airlines
    • 7.2.3 Tour Operators
    • 7.2.4 Consumers
  • 7.3 Global Trip Cancellation Insurance Market Revenue Analysis (USD Million) by Type (2023-2030)
  • 7.4 Global Trip Cancellation Insurance Market Revenue Analysis (USD Million) by Application (2023-2030)

Chapter 8 : North America Trip Cancellation Insurance Market Breakdown by Country, Type & Application
  • 8.1 North America Trip Cancellation Insurance Market by Country (USD Million) [2019-2023]
    • 8.1.1 United States
    • 8.1.2 Canada
  • 8.2 North America Trip Cancellation Insurance Market by Type (USD Million) [2019-2023]
    • 8.2.1 Travel Insurance
    • 8.2.2 Event Cancellation
    • 8.2.3 Reimbursement Plans
    • 8.2.4 Comprehensive Coverage
    • 8.2.5 Claims Management
  • 8.3 North America Trip Cancellation Insurance Market by Application (USD Million) [2019-2023]
    • 8.3.1 Travel Agencies
    • 8.3.2 Airlines
    • 8.3.3 Tour Operators
    • 8.3.4 Consumers
  • 8.4 North America Trip Cancellation Insurance Market by Country (USD Million) [2024-2030]
  • 8.5 North America Trip Cancellation Insurance Market by Type (USD Million) [2024-2030]
  • 8.6 North America Trip Cancellation Insurance Market by Application (USD Million) [2024-2030]
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Chapter 9 : LATAM Trip Cancellation Insurance Market Breakdown by Country, Type & Application
  • 9.1 LATAM Trip Cancellation Insurance Market by Country (USD Million) [2019-2023]
    • 9.1.1 Brazil
    • 9.1.2 Argentina
    • 9.1.3 Chile
    • 9.1.4 Mexico
    • 9.1.5 Rest of LATAM
  • 9.2 LATAM Trip Cancellation Insurance Market by Type (USD Million) [2019-2023]
    • 9.2.1 Travel Insurance
    • 9.2.2 Event Cancellation
    • 9.2.3 Reimbursement Plans
    • 9.2.4 Comprehensive Coverage
    • 9.2.5 Claims Management
  • 9.3 LATAM Trip Cancellation Insurance Market by Application (USD Million) [2019-2023]
    • 9.3.1 Travel Agencies
    • 9.3.2 Airlines
    • 9.3.3 Tour Operators
    • 9.3.4 Consumers
  • 9.4 LATAM Trip Cancellation Insurance Market by Country (USD Million) [2024-2030]
  • 9.5 LATAM Trip Cancellation Insurance Market by Type (USD Million) [2024-2030]
  • 9.6 LATAM Trip Cancellation Insurance Market by Application (USD Million) [2024-2030]
Chapter 10 : West Europe Trip Cancellation Insurance Market Breakdown by Country, Type & Application
  • 10.1 West Europe Trip Cancellation Insurance Market by Country (USD Million) [2019-2023]
    • 10.1.1 Germany
    • 10.1.2 France
    • 10.1.3 Benelux
    • 10.1.4 Switzerland
    • 10.1.5 Rest of West Europe
  • 10.2 West Europe Trip Cancellation Insurance Market by Type (USD Million) [2019-2023]
    • 10.2.1 Travel Insurance
    • 10.2.2 Event Cancellation
    • 10.2.3 Reimbursement Plans
    • 10.2.4 Comprehensive Coverage
    • 10.2.5 Claims Management
  • 10.3 West Europe Trip Cancellation Insurance Market by Application (USD Million) [2019-2023]
    • 10.3.1 Travel Agencies
    • 10.3.2 Airlines
    • 10.3.3 Tour Operators
    • 10.3.4 Consumers
  • 10.4 West Europe Trip Cancellation Insurance Market by Country (USD Million) [2024-2030]
  • 10.5 West Europe Trip Cancellation Insurance Market by Type (USD Million) [2024-2030]
  • 10.6 West Europe Trip Cancellation Insurance Market by Application (USD Million) [2024-2030]
Chapter 11 : Central & Eastern Europe Trip Cancellation Insurance Market Breakdown by Country, Type & Application
  • 11.1 Central & Eastern Europe Trip Cancellation Insurance Market by Country (USD Million) [2019-2023]
    • 11.1.1 Bulgaria
    • 11.1.2 Poland
    • 11.1.3 Hungary
    • 11.1.4 Romania
    • 11.1.5 Rest of CEE
  • 11.2 Central & Eastern Europe Trip Cancellation Insurance Market by Type (USD Million) [2019-2023]
    • 11.2.1 Travel Insurance
    • 11.2.2 Event Cancellation
    • 11.2.3 Reimbursement Plans
    • 11.2.4 Comprehensive Coverage
    • 11.2.5 Claims Management
  • 11.3 Central & Eastern Europe Trip Cancellation Insurance Market by Application (USD Million) [2019-2023]
    • 11.3.1 Travel Agencies
    • 11.3.2 Airlines
    • 11.3.3 Tour Operators
    • 11.3.4 Consumers
  • 11.4 Central & Eastern Europe Trip Cancellation Insurance Market by Country (USD Million) [2024-2030]
  • 11.5 Central & Eastern Europe Trip Cancellation Insurance Market by Type (USD Million) [2024-2030]
  • 11.6 Central & Eastern Europe Trip Cancellation Insurance Market by Application (USD Million) [2024-2030]
Chapter 12 : Northern Europe Trip Cancellation Insurance Market Breakdown by Country, Type & Application
  • 12.1 Northern Europe Trip Cancellation Insurance Market by Country (USD Million) [2019-2023]
    • 12.1.1 The United Kingdom
    • 12.1.2 Sweden
    • 12.1.3 Norway
    • 12.1.4 Baltics
    • 12.1.5 Ireland
    • 12.1.6 Rest of Northern Europe
  • 12.2 Northern Europe Trip Cancellation Insurance Market by Type (USD Million) [2019-2023]
    • 12.2.1 Travel Insurance
    • 12.2.2 Event Cancellation
    • 12.2.3 Reimbursement Plans
    • 12.2.4 Comprehensive Coverage
    • 12.2.5 Claims Management
  • 12.3 Northern Europe Trip Cancellation Insurance Market by Application (USD Million) [2019-2023]
    • 12.3.1 Travel Agencies
    • 12.3.2 Airlines
    • 12.3.3 Tour Operators
    • 12.3.4 Consumers
  • 12.4 Northern Europe Trip Cancellation Insurance Market by Country (USD Million) [2024-2030]
  • 12.5 Northern Europe Trip Cancellation Insurance Market by Type (USD Million) [2024-2030]
  • 12.6 Northern Europe Trip Cancellation Insurance Market by Application (USD Million) [2024-2030]
Chapter 13 : Southern Europe Trip Cancellation Insurance Market Breakdown by Country, Type & Application
  • 13.1 Southern Europe Trip Cancellation Insurance Market by Country (USD Million) [2019-2023]
    • 13.1.1 Spain
    • 13.1.2 Italy
    • 13.1.3 Portugal
    • 13.1.4 Greece
    • 13.1.5 Rest of Southern Europe
  • 13.2 Southern Europe Trip Cancellation Insurance Market by Type (USD Million) [2019-2023]
    • 13.2.1 Travel Insurance
    • 13.2.2 Event Cancellation
    • 13.2.3 Reimbursement Plans
    • 13.2.4 Comprehensive Coverage
    • 13.2.5 Claims Management
  • 13.3 Southern Europe Trip Cancellation Insurance Market by Application (USD Million) [2019-2023]
    • 13.3.1 Travel Agencies
    • 13.3.2 Airlines
    • 13.3.3 Tour Operators
    • 13.3.4 Consumers
  • 13.4 Southern Europe Trip Cancellation Insurance Market by Country (USD Million) [2024-2030]
  • 13.5 Southern Europe Trip Cancellation Insurance Market by Type (USD Million) [2024-2030]
  • 13.6 Southern Europe Trip Cancellation Insurance Market by Application (USD Million) [2024-2030]
Chapter 14 : East Asia Trip Cancellation Insurance Market Breakdown by Country, Type & Application
  • 14.1 East Asia Trip Cancellation Insurance Market by Country (USD Million) [2019-2023]
    • 14.1.1 China
    • 14.1.2 Japan
    • 14.1.3 South Korea
    • 14.1.4 Taiwan
    • 14.1.5 Others
  • 14.2 East Asia Trip Cancellation Insurance Market by Type (USD Million) [2019-2023]
    • 14.2.1 Travel Insurance
    • 14.2.2 Event Cancellation
    • 14.2.3 Reimbursement Plans
    • 14.2.4 Comprehensive Coverage
    • 14.2.5 Claims Management
  • 14.3 East Asia Trip Cancellation Insurance Market by Application (USD Million) [2019-2023]
    • 14.3.1 Travel Agencies
    • 14.3.2 Airlines
    • 14.3.3 Tour Operators
    • 14.3.4 Consumers
  • 14.4 East Asia Trip Cancellation Insurance Market by Country (USD Million) [2024-2030]
  • 14.5 East Asia Trip Cancellation Insurance Market by Type (USD Million) [2024-2030]
  • 14.6 East Asia Trip Cancellation Insurance Market by Application (USD Million) [2024-2030]
Chapter 15 : Southeast Asia Trip Cancellation Insurance Market Breakdown by Country, Type & Application
  • 15.1 Southeast Asia Trip Cancellation Insurance Market by Country (USD Million) [2019-2023]
    • 15.1.1 Vietnam
    • 15.1.2 Singapore
    • 15.1.3 Thailand
    • 15.1.4 Malaysia
    • 15.1.5 Indonesia
    • 15.1.6 Philippines
    • 15.1.7 Rest of SEA Countries
  • 15.2 Southeast Asia Trip Cancellation Insurance Market by Type (USD Million) [2019-2023]
    • 15.2.1 Travel Insurance
    • 15.2.2 Event Cancellation
    • 15.2.3 Reimbursement Plans
    • 15.2.4 Comprehensive Coverage
    • 15.2.5 Claims Management
  • 15.3 Southeast Asia Trip Cancellation Insurance Market by Application (USD Million) [2019-2023]
    • 15.3.1 Travel Agencies
    • 15.3.2 Airlines
    • 15.3.3 Tour Operators
    • 15.3.4 Consumers
  • 15.4 Southeast Asia Trip Cancellation Insurance Market by Country (USD Million) [2024-2030]
  • 15.5 Southeast Asia Trip Cancellation Insurance Market by Type (USD Million) [2024-2030]
  • 15.6 Southeast Asia Trip Cancellation Insurance Market by Application (USD Million) [2024-2030]
Chapter 16 : South Asia Trip Cancellation Insurance Market Breakdown by Country, Type & Application
  • 16.1 South Asia Trip Cancellation Insurance Market by Country (USD Million) [2019-2023]
    • 16.1.1 India
    • 16.1.2 Bangladesh
    • 16.1.3 Others
  • 16.2 South Asia Trip Cancellation Insurance Market by Type (USD Million) [2019-2023]
    • 16.2.1 Travel Insurance
    • 16.2.2 Event Cancellation
    • 16.2.3 Reimbursement Plans
    • 16.2.4 Comprehensive Coverage
    • 16.2.5 Claims Management
  • 16.3 South Asia Trip Cancellation Insurance Market by Application (USD Million) [2019-2023]
    • 16.3.1 Travel Agencies
    • 16.3.2 Airlines
    • 16.3.3 Tour Operators
    • 16.3.4 Consumers
  • 16.4 South Asia Trip Cancellation Insurance Market by Country (USD Million) [2024-2030]
  • 16.5 South Asia Trip Cancellation Insurance Market by Type (USD Million) [2024-2030]
  • 16.6 South Asia Trip Cancellation Insurance Market by Application (USD Million) [2024-2030]
Chapter 17 : Central Asia Trip Cancellation Insurance Market Breakdown by Country, Type & Application
  • 17.1 Central Asia Trip Cancellation Insurance Market by Country (USD Million) [2019-2023]
    • 17.1.1 Kazakhstan
    • 17.1.2 Tajikistan
    • 17.1.3 Others
  • 17.2 Central Asia Trip Cancellation Insurance Market by Type (USD Million) [2019-2023]
    • 17.2.1 Travel Insurance
    • 17.2.2 Event Cancellation
    • 17.2.3 Reimbursement Plans
    • 17.2.4 Comprehensive Coverage
    • 17.2.5 Claims Management
  • 17.3 Central Asia Trip Cancellation Insurance Market by Application (USD Million) [2019-2023]
    • 17.3.1 Travel Agencies
    • 17.3.2 Airlines
    • 17.3.3 Tour Operators
    • 17.3.4 Consumers
  • 17.4 Central Asia Trip Cancellation Insurance Market by Country (USD Million) [2024-2030]
  • 17.5 Central Asia Trip Cancellation Insurance Market by Type (USD Million) [2024-2030]
  • 17.6 Central Asia Trip Cancellation Insurance Market by Application (USD Million) [2024-2030]
Chapter 18 : Oceania Trip Cancellation Insurance Market Breakdown by Country, Type & Application
  • 18.1 Oceania Trip Cancellation Insurance Market by Country (USD Million) [2019-2023]
    • 18.1.1 Australia
    • 18.1.2 New Zealand
    • 18.1.3 Others
  • 18.2 Oceania Trip Cancellation Insurance Market by Type (USD Million) [2019-2023]
    • 18.2.1 Travel Insurance
    • 18.2.2 Event Cancellation
    • 18.2.3 Reimbursement Plans
    • 18.2.4 Comprehensive Coverage
    • 18.2.5 Claims Management
  • 18.3 Oceania Trip Cancellation Insurance Market by Application (USD Million) [2019-2023]
    • 18.3.1 Travel Agencies
    • 18.3.2 Airlines
    • 18.3.3 Tour Operators
    • 18.3.4 Consumers
  • 18.4 Oceania Trip Cancellation Insurance Market by Country (USD Million) [2024-2030]
  • 18.5 Oceania Trip Cancellation Insurance Market by Type (USD Million) [2024-2030]
  • 18.6 Oceania Trip Cancellation Insurance Market by Application (USD Million) [2024-2030]
Chapter 19 : MEA Trip Cancellation Insurance Market Breakdown by Country, Type & Application
  • 19.1 MEA Trip Cancellation Insurance Market by Country (USD Million) [2019-2023]
    • 19.1.1 Turkey
    • 19.1.2 South Africa
    • 19.1.3 Egypt
    • 19.1.4 UAE
    • 19.1.5 Saudi Arabia
    • 19.1.6 Israel
    • 19.1.7 Rest of MEA
  • 19.2 MEA Trip Cancellation Insurance Market by Type (USD Million) [2019-2023]
    • 19.2.1 Travel Insurance
    • 19.2.2 Event Cancellation
    • 19.2.3 Reimbursement Plans
    • 19.2.4 Comprehensive Coverage
    • 19.2.5 Claims Management
  • 19.3 MEA Trip Cancellation Insurance Market by Application (USD Million) [2019-2023]
    • 19.3.1 Travel Agencies
    • 19.3.2 Airlines
    • 19.3.3 Tour Operators
    • 19.3.4 Consumers
  • 19.4 MEA Trip Cancellation Insurance Market by Country (USD Million) [2024-2030]
  • 19.5 MEA Trip Cancellation Insurance Market by Type (USD Million) [2024-2030]
  • 19.6 MEA Trip Cancellation Insurance Market by Application (USD Million) [2024-2030]

Chapter 20: Research Findings & Conclusion
  • 20.1 Key Findings
  • 20.2 Conclusion

Chapter 21: Methodology and Data Source
  • 21.1 Research Methodology & Approach
    • 21.1.1 Research Program/Design
    • 21.1.2 Market Size Estimation
    • 21.1.3 Market Breakdown and Data Triangulation
  • 21.2 Data Source
    • 21.2.1 Secondary Sources
    • 21.2.2 Primary Sources

Chapter 22: Appendix & Disclaimer
  • 22.1 Acronyms & bibliography
  • 22.2 Disclaimer

Frequently Asked Questions (FAQ):

The Trip Cancellation Insurance market is expected to see value worth USD 3.0 Billion in 2023.

The Trip Cancellation Insurance Market is growing at a CAGR of 8.50% over the forecasted period 2023 - 2030.

Some of the prominent trends that are influencing and driving the growth of Global Trip Cancellation Insurance Market are Integration With Mobile Apps For Easy Claim Filing, Personalized Coverage Options, Growth Of Online Travel Booking Platforms

The leaders in the Global Trip Cancellation Insurance Market such as Allianz, Travel Guard, Travelex, World Nomads, AXA Assistance, Generali, InsureMyTrip, Seven Corners, Berkshire Hathaway Travel Protection, HTH Travel Insurance, IMG, RoamRight, Nationwide, MAPFRE, USAA are targeting innovative and differentiated growth drivers some of them are Expansion In International Travel Markets, Demand For Customized Travel Insurance, Opportunities In E-commerce

Some of the major roadblocks that industry players have identified are Fraudulent Claims, High Premiums, Lack Of Awareness Among Consumers.

The market opportunity is clear from the flow of investment into Global Trip Cancellation Insurance Market, some of them are Expansion In International Travel Markets, Demand For Customized Travel Insurance, Opportunities In E-commerce.

Allianz, Travel Guard, Travelex, World Nomads, AXA Assistance, Generali, InsureMyTrip, Seven Corners, Berkshire Hathaway Travel Protection, HTH Travel Insurance, IMG, RoamRight, Nationwide, MAPFRE, USAA are the major operating companies profiled in Trip Cancellation Insurance market study.

Research paper of Global Trip Cancellation Insurance Market shows that companies are making better progress than their supply chain peers –including suppliers, majorly in end-use applications such as Travel agencies, Airlines, Tour operators, Consumers.

The Global Trip Cancellation Insurance Market Study is segmented by Travel insurance, Event cancellation, Reimbursement plans, Comprehensive coverage, Claims management.

The Global Trip Cancellation Insurance Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA

Historical Year: 2019 - Base year: 2023. Forecast period**: 2025 to 2030 [** unless otherwise stated]

Trip cancellation insurance protects travelers against financial loss in case of trip cancellation due to unexpected events such as illness or weather disruptions.