Inquire Before Buying
Speak to an Analyst 
Request Brochure 
Request CustomizationIMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
Read More
Australia Travel Insurance Market Report by Insurance Type (Single-Trip Travel Insurance, Annual Multi-Trip Insurance, Long-Stay Travel Insurance), Coverage (Medical Expenses, Trip Cancellation, Trip Delay, Property Damage, and Others), Distribution Channel (Insurance Intermediaries, Banks, Insurance Companies, Insurance Aggregators, Insurance Brokers, and Others), End User (Senior Citizens, Education Travelers, Business Travelers, Family Travelers, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A21979
Buy Now
Market Overview:
Australia travel insurance market size is projected to exhibit a growth rate (CAGR) of 2.80% during 2024-2032. The increasing technological innovations, such as travel apps and real-time communication, which can contribute to the efficiency of handling claims and providing assistance to policyholders, are primarily driving the regional market.
|
Report Attribute
|
Key Statistics
|
|---|---|
|
Base Year
|
2023 |
|
Forecast Years
|
2024-2032
|
|
Historical Years
|
2018-2023
|
| Market Growth Rate (2024-2032) | 2.80% |
Travel insurance is a financial protection plan designed to mitigate risks and provide coverage for unexpected events that may occur during a trip. It typically includes benefits such as medical expenses, trip cancellations, lost or delayed baggage, and emergency evacuation. Travel insurance offers peace of mind to travelers, ensuring they are financially safeguarded against unforeseen circumstances such as illness, accidents, or natural disasters while away from home. Policies vary, offering different levels of coverage and may also include features like travel assistance services. It is advisable for travelers to carefully review and select a plan that suits their needs and the nature of their trip to ensure a worry-free and secure travel experience.
Australia Travel Insurance Market Trends:
The travel insurance market in Australia is experiencing substantial growth, driven by several key factors. Firstly, the increasing regional awareness of the unpredictable nature of travel-related risks has led to a surge in demand for comprehensive coverage. Consequently, as individuals become more conscious of the potential financial setbacks associated with unforeseen events during their travels, the need for robust insurance solutions becomes paramount. Additionally, the growing trend of travel, facilitated by improved transportation infrastructure and increased disposable incomes, further propels the expansion of the travel insurance market. Furthermore, advancements in technology have played a pivotal role in shaping the landscape of travel insurance. The ease of accessing information and purchasing policies online has significantly contributed to the market's growth. Mobile applications and digital platforms have streamlined the process, making it more convenient for consumers to secure insurance coverage seamlessly. Moreover, the ongoing regional health concerns have heightened the awareness of the importance of travel insurance, particularly for medical emergencies and trip cancellations. In light of these interconnected drivers, the travel insurance market in Australia is poised for sustained growth, reflecting the evolving needs and priorities of the modern traveler.
Australia Travel Insurance Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on insurance type, coverage, distribution channel, and end user.
Insurance Type Insights:
- Single-Trip Travel Insurance
- Annual Multi-Trip Insurance
- Long-Stay Travel Insurance
The report has provided a detailed breakup and analysis of the market based on the insurance type. This includes single-trip travel insurance, annual multi-trip insurance, and long-stay travel insurance.
Coverage Insights:
- Medical Expenses
- Trip Cancellation
- Trip Delay
- Property Damage
- Others
A detailed breakup and analysis of the market based on the coverage have also been provided in the report. This includes medical expenses, trip cancellation, trip delay, property damage, and others.
Distribution Channel Insights:
- Insurance Intermediaries
- Banks
- Insurance Companies
- Insurance Aggregators
- Insurance Brokers
- Others
The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes insurance intermediaries, banks, insurance companies, insurance aggregators, insurance brokers, and others.
End User Insights:
- Senior Citizens
- Education Travelers
- Business Travelers
- Family Travelers
- Others
A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes senior citizens, education travelers, business travelers, family travelers, and others.
Regional Insights:
- Australia Capital Territory & New South Wales
- Victoria & Tasmania
- Queensland
- Northern Territory & Southern Australia
- Western Australia
The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Australia Travel Insurance Market Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Million |
| Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
| Insurance Types Covered | Single-Trip Travel Insurance, Annual Multi-Trip Insurance, Long-Stay Travel Insurance |
| Coverages Covered | Medical Expenses, Trip Cancellation, Trip Delay, Property Damage, Others |
| Distribution Channels Covered | Insurance Intermediaries, Banks, Insurance Companies, Insurance Aggregators, Insurance Brokers, Others |
| End Users Covered | Senior Citizens, Education Travelers, Business Travelers, Family Travelers, Others |
| Regions Covered | Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, Western Australia |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate User License: US$ 5699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the Australia travel insurance market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Australia travel insurance market?
- What is the breakup of the Australia travel insurance market on the basis of insurance type?
- What is the breakup of the Australia travel insurance market on the basis of coverage?
- What is the breakup of the Australia travel insurance market on the basis of distribution channel?
- What is the breakup of the Australia travel insurance market on the basis of end user?
- What are the various stages in the value chain of the Australia travel insurance market?
- What are the key driving factors and challenges in the Australia travel insurance?
- What is the structure of the Australia travel insurance market and who are the key players?
- What is the degree of competition in the Australia travel insurance market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia travel insurance market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia travel insurance market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia travel insurance industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
Purchase options
Benefits of Customization
Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
INDIA
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-714-6104
Email: sales@imarcgroup.com
Client Testimonials
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
Read More
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
Read More
Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.
Read More.webp)
We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.
Read More
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
Read More
The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.
Read More
My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.
Read More
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
Read More.webp){kind=logo}
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.
Read More
IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.
Read More