Finance & Professional Services · Indirect
Monitoring · monthlyProcurement Category Intelligence
Group Travel Insurance
Overview
Market size
$5.2B
global, USD
CAGR
7.2%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
5
tracked players
Signals
12
3 high severity
Market outlook
2031$7.4B
What changed
Demand by region
North America demand40%
Europe demand35%
Asia Pacific demand15%
Latin America demand6%
Rest of world demand4%
share of global demandtotal 100%
Cost drivers
Upstream reinsurance and underwriting capacity costs45%
Claims payouts and emergency medical assistance services30%
Sales distribution, broker commissions, and marketing12%
InsurTech platforms and SaaS software infrastructure8%
Actuarial data feeds, compliance, and risk analytics5%
share of delivered cost (analyst estimate)