The rising incidence of travel-related risks, such as accidents, medical emergencies, and trip cancellations are propelling the demand for comprehensive personal travel accident insurance coverage. As international travel becomes more accessible, individuals are recognizing the importance of safeguarding themselves against unforeseen accidents and emergencies during their journeys. Additionally, the growing middle-class population in emerging economies, coupled with an expanding base of frequent travelers are contributing to the market's expansion. Insurers are responding by offering customizable coverage options that cater to the specific needs and preferences of individual travelers. Insurtech solutions, such as mobile apps and online platforms are providing a seamless experience for consumers, allowing them to buy policies, submit claims, and access assistance services with ease.
Digital transformation is ushering in a new era of convenience for consumers, allowing for seamless policy management through user-friendly online platforms and mobile apps.
Insurtech solutions are playing a pivotal role in automating traditionally manual tasks, including policy underwriting and claims processing, leading to operational efficiencies and cost savings.
Additionally, Insurers in this market are increasingly recognizing the imperative of adopting advanced technologies to streamline processes and elevate customer experiences.
As global connectivity grows and individuals embark on diverse travel experiences, there is a heightened recognition of the potential uncertainties and hazards associated with journeys.
High-profile incidents, natural disasters, and the lasting impact of global events, such as the COVID-19 pandemic are underscoring the importance of being prepared for unexpected disruptions.
This heightened awareness is extending to concerns about accidents, medical emergencies, trip cancellations, and other unforeseen events that could impact travel plans.
Insurers are increasingly focusing on introducing unique and tailored products that go beyond traditional coverage, catering to the evolving preferences and diverse needs of modern travelers.
The infusion of technology, including artificial intelligence and data analytics, aids in designing products that align more closely with the specific risk profiles and preferences of individual customers.
Further, Insurers are differentiating themselves by developing innovative policies, such as coverage for adventure sports, digital nomads, or even pandemic-related disruptions.
The Personal Travel Accident Insurance Market is analyzed across General personal travel accident insurance and Premium personal travel accident insurance. Premium personal travel accident insurance is poised to register the fastest growth. This type of insurance typically goes beyond standard coverage, offering enhanced protection against a wider range of risks associated with travel. Premium plans often include features such as higher coverage limits, extended trip durations, and additional services like concierge assistance, emergency medical evacuation, and coverage for high-value personal belongings. The premium tier is designed to appeal to travelers with specific needs, such as business executives, frequent travelers, or those embarking on luxury vacations. These policies aim to provide a higher level of comfort and peace of mind, addressing not only common travel risks but also offering a suite of services that contribute to a more seamless and enjoyable travel experience. While premium personal travel accident insurance may come with a higher cost, the comprehensive nature of the coverage and the added conveniences make it an attractive option for individuals who prioritize a more elevated and tailored level of protection during their journeys.
The Personal Travel Accident Insurance Market is analyzed across various Age Groups Adults, Senior citizens and Children. Of these, Adults held a significant market share in 2024. Adults, constituting a substantial portion of the market's consumer base, are increasingly recognizing the importance of safeguarding their well-being during travel. Travel insurance tailored for adults typically addresses a range of concerns, including coverage for medical emergencies, trip cancellations, and personal accidents. These policies are designed to cater to the varied travel preferences of adults, whether they are undertaking leisure vacations, business trips, or adventure travel. Adults often seek insurance options that provide flexibility, allowing them to customize coverage based on the specifics of their trips. This may include considerations for trip duration, destinations, and activities planned during travel. Additionally, the awareness of potential travel risks, such as unforeseen medical issues or travel disruptions, has contributed to a greater demand for comprehensive insurance coverage among adults. Insurers targeting the adult demographic are responding by offering innovative and personalized solutions, leveraging digital platforms for easy access to information and policy management.
On 10th November 2023, OneBefore Launches as a Dynamic Accident, Health, and Travel MGA, Bringing Innovative Solutions to the Market.
On Jan 26, 2022, AgroStar Breaks New Ground: Launches Personal Accident Insurance Cover Tailored for Farmers.
By Type
By Age Group
By Region
*List not exhaustive
Personal Travel Accident Insurance Market Outlook 2024
1 Market Overview
1.1 Introduction to the Personal Travel Accident Insurance Market
1.2 Scope of the Study
1.3 Research Objective
1.3.1 Key Market Scope and Segments
1.3.2 Players Covered
1.3.3 Years Considered
2 Executive Summary
2.1 2024 Personal Travel Accident Insurance Industry- Market Statistics
3 Market Dynamics
3.1 Market Drivers
3.2 Market Challenges
3.3 Market Opportunities
3.4 Market Trends
4 Market Factor Analysis
4.1 Porter’s Five Forces
4.2 Market Entropy
4.2.1 Global Personal Travel Accident Insurance Market Companies with Area Served
4.2.2 Products Offerings Global Personal Travel Accident Insurance Market
5 COVID-19 Impact Analysis and Outlook Scenarios
5.1.1 Covid-19 Impact Analysis
5.1.2 post-COVID-19 Scenario- Low Growth Case
5.1.3 Post-COVID-19 Scenario- Reference Growth Case
5.1.4 Post-COVID-19 Scenario- Low Growth Case
6 Global Personal Travel Accident Insurance Market Trends
6.1 Global Personal Travel Accident Insurance Revenue (USD Million) and CAGR (%) by Type (2018-2030)
6.2 Global Personal Travel Accident Insurance Revenue (USD Million) and CAGR (%) by Applications (2018-2030)
6.3 Global Personal Travel Accident Insurance Revenue (USD Million) and CAGR (%) by Regions (2018-2030)
7 Global Personal Travel Accident Insurance Market Revenue (USD Million) by Type, and Applications (2018-2022)
7.1 Global Personal Travel Accident Insurance Revenue (USD Million) by Type (2018-2022)
7.1.1 Global Personal Travel Accident Insurance Revenue (USD Million), Market Share (%) by Type (2018-2022)
7.2 Global Personal Travel Accident Insurance Revenue (USD Million) by Applications (2018-2022)
7.2.1 Global Personal Travel Accident Insurance Revenue (USD Million), Market Share (%) by Applications (2018-2022)
8 Global Personal Travel Accident Insurance Development Regional Status and Outlook
8.1 Global Personal Travel Accident Insurance Revenue (USD Million) By Regions (2018-2022)
8.2 North America Personal Travel Accident Insurance Revenue (USD Million) by Type, and Application (2018-2022)
8.2.1 North America Personal Travel Accident Insurance Revenue (USD Million) by Country (2018-2022)
8.2.2 North America Personal Travel Accident Insurance Revenue (USD Million) by Type (2018-2022)
8.2.3 North America Personal Travel Accident Insurance Revenue (USD Million) by Applications (2018-2022)
8.3 Europe Personal Travel Accident Insurance Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)
8.3.1 Europe Personal Travel Accident Insurance Revenue (USD Million), by Country (2018-2022)
8.3.2 Europe Personal Travel Accident Insurance Revenue (USD Million) by Type (2018-2022)
8.3.3 Europe Personal Travel Accident Insurance Revenue (USD Million) by Applications (2018-2022)
8.4 Asia Pacific Personal Travel Accident Insurance Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)
8.4.1 Asia Pacific Personal Travel Accident Insurance Revenue (USD Million) by Country (2018-2022)
8.4.2 Asia Pacific Personal Travel Accident Insurance Revenue (USD Million) by Type (2018-2022)
8.4.3 Asia Pacific Personal Travel Accident Insurance Revenue (USD Million) by Applications (2018-2022)
8.5 South America Personal Travel Accident Insurance Revenue (USD Million), by Type, and Applications (2018-2022)
8.5.1 South America Personal Travel Accident Insurance Revenue (USD Million), by Country (2018-2022)
8.5.2 South America Personal Travel Accident Insurance Revenue (USD Million) by Type (2018-2022)
8.5.3 South America Personal Travel Accident Insurance Revenue (USD Million) by Applications (2018-2022)
8.6 Middle East and Africa Personal Travel Accident Insurance Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)
8.6.1 Middle East and Africa Personal Travel Accident Insurance Revenue (USD Million) by Country (2018-2022)
8.6.2 Middle East and Africa Personal Travel Accident Insurance Revenue (USD Million) by Type (2018-2022)
8.6.3 Middle East and Africa Personal Travel Accident Insurance Revenue (USD Million) by Applications (2018-2022)
9 Company Profiles
10 Global Personal Travel Accident Insurance Market Revenue (USD Million), by Type, and Applications (2024-2030)
10.1 Global Personal Travel Accident Insurance Revenue (USD Million) and Market Share (%) by Type (2024-2030)
10.1.1 Global Personal Travel Accident Insurance Revenue (USD Million), and Market Share (%) by Type (2024-2030)
10.2 Global Personal Travel Accident Insurance Revenue (USD Million) and Market Share (%) by Applications (2024-2030)
10.2.1 Global Personal Travel Accident Insurance Revenue (USD Million), and Market Share (%) by Applications (2024-2030)
11 Global Personal Travel Accident Insurance Development Regional Status and Outlook Forecast
11.1 Global Personal Travel Accident Insurance Revenue (USD Million) By Regions (2024-2030)
11.2 North America Personal Travel Accident Insurance Revenue (USD Million) by Type, and Applications (2024-2030)
11.2.1 North America Personal Travel Accident Insurance Revenue (USD) Million by Country (2024-2030)
11.2.2 North America Personal Travel Accident Insurance Revenue (USD Million), by Type (2024-2030)
11.2.3 North America Personal Travel Accident Insurance Revenue (USD Million), Market Share (%) by Applications (2024-2030)
11.3 Europe Personal Travel Accident Insurance Revenue (USD Million), by Type, and Applications (2024-2030)
11.3.1 Europe Personal Travel Accident Insurance Revenue (USD Million), by Country (2024-2030)
11.3.2 Europe Personal Travel Accident Insurance Revenue (USD Million), by Type (2024-2030)
11.3.3 Europe Personal Travel Accident Insurance Revenue (USD Million), by Applications (2024-2030)
11.4 Asia Pacific Personal Travel Accident Insurance Revenue (USD Million) by Type, and Applications (2024-2030)
11.4.1 Asia Pacific Personal Travel Accident Insurance Revenue (USD Million), by Country (2024-2030)
11.4.2 Asia Pacific Personal Travel Accident Insurance Revenue (USD Million), by Type (2024-2030)
11.4.3 Asia Pacific Personal Travel Accident Insurance Revenue (USD Million), by Applications (2024-2030)
11.5 South America Personal Travel Accident Insurance Revenue (USD Million), by Type, and Applications (2024-2030)
11.5.1 South America Personal Travel Accident Insurance Revenue (USD Million), by Country (2024-2030)
11.5.2 South America Personal Travel Accident Insurance Revenue (USD Million), by Type (2024-2030)
11.5.3 South America Personal Travel Accident Insurance Revenue (USD Million), by Applications (2024-2030)
11.6 Middle East and Africa Personal Travel Accident Insurance Revenue (USD Million), by Type, and Applications (2024-2030)
11.6.1 Middle East and Africa Personal Travel Accident Insurance Revenue (USD Million), by Region (2024-2030)
11.6.2 Middle East and Africa Personal Travel Accident Insurance Revenue (USD Million), by Type (2024-2030)
11.6.3 Middle East and Africa Personal Travel Accident Insurance Revenue (USD Million), by Applications (2024-2030)
12 Methodology and Data Sources
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Sources
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Disclaimer
List of Tables
Table 1 Market Segmentation Analysis
Table 2 Global Personal Travel Accident Insurance Market Companies with Areas Served
Table 3 Products Offerings Global Personal Travel Accident Insurance Market
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Personal Travel Accident Insurance Revenue (USD Million) And CAGR (%) By Type (2018-2030)
Table 8 Global Personal Travel Accident Insurance Revenue (USD Million) And CAGR (%) By Applications (2018-2030)
Table 9 Global Personal Travel Accident Insurance Revenue (USD Million) And CAGR (%) By Regions (2018-2030)
Table 10 Global Personal Travel Accident Insurance Revenue (USD Million) By Type (2018-2022)
Table 11 Global Personal Travel Accident Insurance Revenue Market Share (%) By Type (2018-2022)
Table 12 Global Personal Travel Accident Insurance Revenue (USD Million) By Applications (2018-2022)
Table 13 Global Personal Travel Accident Insurance Revenue Market Share (%) By Applications (2018-2022)
Table 14 Global Personal Travel Accident Insurance Market Revenue (USD Million) By Regions (2018-2022)
Table 15 Global Personal Travel Accident Insurance Market Share (%) By Regions (2018-2022)
Table 16 North America Personal Travel Accident Insurance Revenue (USD Million) By Country (2018-2022)
Table 17 North America Personal Travel Accident Insurance Revenue (USD Million) By Type (2018-2022)
Table 18 North America Personal Travel Accident Insurance Revenue (USD Million) By Applications (2018-2022)
Table 19 Europe Personal Travel Accident Insurance Revenue (USD Million) By Country (2018-2022)
Table 20 Europe Personal Travel Accident Insurance Revenue (USD Million) By Type (2018-2022)
Table 21 Europe Personal Travel Accident Insurance Revenue (USD Million) By Applications (2018-2022)
Table 22 Asia Pacific Personal Travel Accident Insurance Revenue (USD Million) By Country (2018-2022)
Table 23 Asia Pacific Personal Travel Accident Insurance Revenue (USD Million) By Type (2018-2022)
Table 24 Asia Pacific Personal Travel Accident Insurance Revenue (USD Million) By Applications (2018-2022)
Table 25 South America Personal Travel Accident Insurance Revenue (USD Million) By Country (2018-2022)
Table 26 South America Personal Travel Accident Insurance Revenue (USD Million) By Type (2018-2022)
Table 27 South America Personal Travel Accident Insurance Revenue (USD Million) By Applications (2018-2022)
Table 28 Middle East and Africa Personal Travel Accident Insurance Revenue (USD Million) By Region (2018-2022)
Table 29 Middle East and Africa Personal Travel Accident Insurance Revenue (USD Million) By Type (2018-2022)
Table 30 Middle East and Africa Personal Travel Accident Insurance Revenue (USD Million) By Applications (2018-2022)
Table 31 Financial Analysis
Table 32 Global Personal Travel Accident Insurance Revenue (USD Million) By Type (2024-2030)
Table 33 Global Personal Travel Accident Insurance Revenue Market Share (%) By Type (2024-2030)
Table 34 Global Personal Travel Accident Insurance Revenue (USD Million) By Applications (2024-2030)
Table 35 Global Personal Travel Accident Insurance Revenue Market Share (%) By Applications (2024-2030)
Table 36 Global Personal Travel Accident Insurance Market Revenue (USD Million), And Revenue (USD Million) By Regions (2024-2030)
Table 37 North America Personal Travel Accident Insurance Revenue (USD)By Country (2024-2030)
Table 38 North America Personal Travel Accident Insurance Revenue (USD Million) By Type (2024-2030)
Table 39 North America Personal Travel Accident Insurance Revenue (USD Million) By Applications (2024-2030)
Table 40 Europe Personal Travel Accident Insurance Revenue (USD Million) By Country (2024-2030)
Table 41 Europe Personal Travel Accident Insurance Revenue (USD Million) By Type (2024-2030)
Table 42 Europe Personal Travel Accident Insurance Revenue (USD Million) By Applications (2024-2030)
Table 43 Asia Pacific Personal Travel Accident Insurance Revenue (USD Million) By Country (2024-2030)
Table 44 Asia Pacific Personal Travel Accident Insurance Revenue (USD Million) By Type (2024-2030)
Table 45 Asia Pacific Personal Travel Accident Insurance Revenue (USD Million) By Applications (2024-2030)
Table 46 South America Personal Travel Accident Insurance Revenue (USD Million) By Country (2024-2030)
Table 47 South America Personal Travel Accident Insurance Revenue (USD Million) By Type (2024-2030)
Table 48 South America Personal Travel Accident Insurance Revenue (USD Million) By Applications (2024-2030)
Table 49 Middle East and Africa Personal Travel Accident Insurance Revenue (USD Million) By Region (2024-2030)
Table 50 Middle East and Africa Personal Travel Accident Insurance Revenue (USD Million) By Region (2024-2030)
Table 51 Middle East and Africa Personal Travel Accident Insurance Revenue (USD Million) By Type (2024-2030)
Table 52 Middle East and Africa Personal Travel Accident Insurance Revenue (USD Million) By Applications (2024-2030)
Table 53 Research Programs/Design for This Report
Table 54 Key Data Information from Secondary Sources
Table 55 Key Data Information from Primary Sources
List of Figures
Figure 1 Market Scope
Figure 2 Porter’s Five Forces
Figure 3 Global Personal Travel Accident Insurance Revenue (USD Million) By Type (2018-2022)
Figure 4 Global Personal Travel Accident Insurance Revenue Market Share (%) By Type (2022)
Figure 5 Global Personal Travel Accident Insurance Revenue (USD Million) By Applications (2018-2022)
Figure 6 Global Personal Travel Accident Insurance Revenue Market Share (%) By Applications (2022)
Figure 7 Global Personal Travel Accident Insurance Market Revenue (USD Million) By Regions (2018-2022)
Figure 8 Global Personal Travel Accident Insurance Market Share (%) By Regions (2022)
Figure 9 North America Personal Travel Accident Insurance Revenue (USD Million) By Country (2018-2022)
Figure 10 North America Personal Travel Accident Insurance Revenue (USD Million) By Type (2018-2022)
Figure 11 North America Personal Travel Accident Insurance Revenue (USD Million) By Applications (2018-2022)
Figure 12 Europe Personal Travel Accident Insurance Revenue (USD Million) By Country (2018-2022)
Figure 13 Europe Personal Travel Accident Insurance Revenue (USD Million) By Type (2018-2022)
Figure 14 Europe Personal Travel Accident Insurance Revenue (USD Million) By Applications (2018-2022)
Figure 15 Asia Pacific Personal Travel Accident Insurance Revenue (USD Million) By Country (2018-2022)
Figure 16 Asia Pacific Personal Travel Accident Insurance Revenue (USD Million) By Type (2018-2022)
Figure 17 Asia Pacific Personal Travel Accident Insurance Revenue (USD Million) By Applications (2018-2022)
Figure 18 South America Personal Travel Accident Insurance Revenue (USD Million) By Country (2018-2022)
Figure 19 South America Personal Travel Accident Insurance Revenue (USD Million) By Type (2018-2022)
Figure 20 South America Personal Travel Accident Insurance Revenue (USD Million) By Applications (2018-2022)
Figure 21 Middle East and Africa Personal Travel Accident Insurance Revenue (USD Million) By Region (2018-2022)
Figure 22 Middle East and Africa Personal Travel Accident Insurance Revenue (USD Million) By Type (2018-2022)
Figure 23 Middle East and Africa Personal Travel Accident Insurance Revenue (USD Million) By Applications (2018-2022)
Figure 24 Global Personal Travel Accident Insurance Revenue (USD Million) By Type (2024-2030)
Figure 25 Global Personal Travel Accident Insurance Revenue Market Share (%) By Type (2030)
Figure 26 Global Personal Travel Accident Insurance Revenue (USD Million) By Applications (2024-2030)
Figure 27 Global Personal Travel Accident Insurance Revenue Market Share (%) By Applications (2030)
Figure 28 Global Personal Travel Accident Insurance Market Revenue (USD Million) By Regions (2024-2030)
Figure 29 North America Personal Travel Accident Insurance Revenue (USD Million) By Country (2024-2030)
Figure 30 North America Personal Travel Accident Insurance Revenue (USD Million) By Type (2024-2030)
Figure 31 North America Personal Travel Accident Insurance Revenue (USD Million) By Applications (2024-2030)
Figure 32 Europe Personal Travel Accident Insurance Revenue (USD Million) By Country (2024-2030)
Figure 33 Europe Personal Travel Accident Insurance Revenue (USD Million) By Type (2024-2030)
Figure 34 Europe Personal Travel Accident Insurance Revenue (USD Million) By Applications (2024-2030)
Figure 35 Asia Pacific Personal Travel Accident Insurance Revenue (USD Million) By Country (2024-2030)
Figure 36 Asia Pacific Personal Travel Accident Insurance Revenue (USD Million) By Type (2024-2030)
Figure 37 Asia Pacific Personal Travel Accident Insurance Revenue (USD Million) By Applications (2024-2030)
Figure 38 South America Personal Travel Accident Insurance Revenue (USD Million) By Country (2024-2030)
Figure 39 South America Personal Travel Accident Insurance Revenue (USD Million) By Type (2024-2030)
Figure 40 South America Personal Travel Accident Insurance Revenue (USD Million) By Applications (2024-2030)
Figure 41 Middle East and Africa Personal Travel Accident Insurance Revenue (USD Million) By Region (2024-2030)
Figure 42 Middle East and Africa Personal Travel Accident Insurance Revenue (USD Million) By Region (2024-2030)
Figure 43 Middle East and Africa Personal Travel Accident Insurance Revenue (USD Million) By Type (2024-2030)
Figure 44 Middle East and Africa Personal Travel Accident Insurance Revenue (USD Million) By Applications (2024-2030)
Figure 45 Bottom-Up and Top-Down Approaches For This Report
Figure 46 Data Triangulation
By Type
By Age Group
By Region