United States business travel
insurance market is expected to grow at a formidable rate during the forecast years.
The United States business travel insurance market is driven by the growing international
trade and expansion of businesses overseas. Additionally, rising number of
international travels in order to maintain worldwide client relations is
expected to spur the market during the next five years. Furthermore, United
States has a travel insurance mandate to obtain VISA thereby driving the market
in the country.
States business travel insurance market is segmented based on type of user, insurance cover,
distribution channel, company and region. Based on distribution channel, the
market can be fragmented into bank, insurance company, insurance
intermediaries, insurance broker, insurance trade, insurance aggregator and
others. The insurance company segment is expected to register the highest
growth during forecast years. This can be accredited to the growing number of
collaborations with enterprises and online travel agents (OTA). Additionally, the
development of advanced technology solutions for the corporates has led the
insurance companies to be the fastest growing segment among other distribution
Major players operating in the United
States business travel insurance market include Seven Corners Inc., Travel
Safe Insurance, USI Insurance Services LLC, MH Ross Travel Insurance Services Inc., American
International Group, Inc., Chubb Ltd., Search Results, CSA
Travel Protection, MetLife, Inc, Allianz and others. The companies are developing
advanced technologies and launching new services in order to stay competitive
in the market.
for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the Study:
- To analyze and forecast the market size of United States
business travel insurance market.
- To classify and forecast United States business travel
insurance market based on type of user, insurance cover, distribution
channel, company and regional distribution.
- To identify drivers and challenges for United States business
travel insurance market.
- To examine competitive developments such as expansions,
new product launches, mergers & acquisitions, etc., in United States business
travel insurance market.
- To identify and analyze the profile of leading players
operating in United States business travel insurance market.
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TechSci Research performed both
primary as well as exhaustive secondary research for this study. Initially,
TechSci Research sourced a list of service providers across the region.
Subsequently, TechSci Research conducted primary research surveys with the identified
companies. While interviewing, the respondents were also enquired about their
competitors. Through this technique, TechSci Research could include the service
providers which could not be identified due to the limitations of secondary
research. TechSci Research analyzed the service providers, distribution
channels and presence of all major players across the region.
TechSci Research calculated the market
size of United States business travel insurance market using a bottom-up
approach, wherein data for various end-user segments was recorded and forecast
for the future years. TechSci Research sourced these values from the industry
experts and company representatives and externally validated through analyzing
historical data of these product types and applications for getting an
appropriate, overall market size. Various secondary sources such as company
websites, news articles, press releases, company annual reports, investor
presentations and financial reports were also studied by TechSci Research.
- Business travel insurance service provider companies,
vendors and other stakeholders
- Government bodies such as regulating authorities and
- Organizations, forums and alliances related to business
- Market research and consulting firms
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as service provider companies and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
In this report, United States business
travel insurance market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- United States Business Travel Insurance Market, By Type of User:
- United States Business Travel Insurance Market, By Insurance
o Single trip travel insurance
o Annual multi-trip travel insurance
o Long-stay travel insurance
- United States Business Travel Insurance Market, By Distribution
o Insurance company
o Insurance intermediaries
o Insurance broker
o Insurance Trade
o Insurance Aggregator
- United States Business Travel Insurance Market, By Region:
analysis of the major companies present in United States business travel
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
It is an upcoming
report to be released soon. If you wish an early delivery of this report or
want to confirm the date of release, please contact us at [email protected]
- Detailed analysis and profiling of
additional market players (up to five).