Corporate Travel Insurance Market Share

Europe Market Forecast

The Europe corporate travel insurance market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2036, backed by the increasing number of business travelers with high travel spending, increasing trend of travel and tourism, and significant economic growth of the region. For instance, in 2022, the approximate business visits to Europe touched around 455,000 in the month of May.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of corporate travel insurance is evaluated at USD 5.64 Billion.

The corporate travel insurance market size was valued at USD 4.79 Billion in 2023 and is projected to exceed USD 49.59 Billion by the end of 2036, registering over 19.7% CAGR during the forecast period i.e., between 2024-2036. Growing trend of government-mandate travel policies, rising number of external meetings and events, growing trend of online travel bookings, and escalating trend of bleisure into business trips are some major factors driving the growth of the market.

Europe is anticipated to dominate majority industry share by 2036, driven by increasing number of business travelers with high travel spending, increasing trend of travel and tourism, and significant economic growth of the region.

Seven Corners Inc., Berkshire Hathaway Specialty Insurance, TravelSafe Insurance, Assicurazioni Generali S.p.A., Trip Mate, Inc., AXA, Chubb Group Holdings Inc., Insure & Go Insurance Services Limited, Zurich Insurance Group Ltd, American International Group, Inc.

Corporate Travel Insurance Market Share