美国商务旅行意外保险市场 – 行业趋势及 2030 年预测

美国商务旅行意外保险市场分析及规模

商务旅行保险对于将员工派往不同地方进行商务活动的组织非常有用。为了员工的安全，不同的组织，无论是小型企业还是大型企业，都会从保险公司购买不同的保险，例如健康保险、旅行保险等。此外，许多人每年都会去度假或休假一次，与家人和朋友一起享受，这增加了市场对旅行保险的需求。

Data Bridge Market Research分析，美国商务旅行意外保险市场预计到2030年将达到84.8786亿美元的价值，预测期内的复合年增长率为17.0%。

市场定义

Every business trip is an investment for any company to grow and expand its business. The company must have employees at the client’s place to understand their processes, operation, and implementation. The perils of this investment can be lost baggage and passports, personal accidents, and even a hospital stay in a strange land. The protection is designed to minimize the risk and potential loss of an employee and compensate their families for their loss of income due to the accidental death or permanent disability of an employee.

U.S. Business Travel Accident Insurance Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:

Drivers

• Increase in Demand for Travel Insurance with COVID-19 Coverage

The pandemic has restricted people from traveling from one place to another due to the lockdown. As the lockdown restriction is lifted, people are ready to travel for their business purpose or enjoy vacations. But people are concerned about their health safety, which has raised the demand for COVID-19 coverage in their travel insurance. The companies offer insurance plans with COVID-19 coverage, including a quarantine stipend, travel cancellation if they test positive, medical care, and others to cater to the customers' demands.

For instance,

• In June, PwC’s COVID-19 Consumer Insurance and Retirement Pulse Survey uncovered that people are moving to have a long-term benefit policy. It was also found that 15% of survey takers say they want to purchase life insurance due to COVID-19, and 37% fear that the pandemic may impact their retirement plan financially.

Increase in Demand for Online Platforms to Purchase Insurance

Last year, staying-at-home customers' preference for online purchases of travel increased tremendously, which has led to the rise in demand for an online platform to buy insurance. Also, the online platform helps them compare different plans while purchasing, and it needs less time without moving physically, so consumer preference has changed to the online channel. To cater to this rising demand for online platforms, companies are either coming up with their website or partnering with different companies to provide their customer with online services.

• Rise in International Trade and Business Expansion Globally

Globalization has increased the integration of the world economy through the rise of international trade. Thus, both consumers and companies can now choose from a broader range of products and services. Also, many companies are expanding their geographical reach by investing in foreign companies and setting up their branches in other countries. They have to travel from one place to another numerous times to expand their business and look into the flow of operations. Many insurance companies are coming up with different plans such as multi-trip travel protection plans to help their clients for necessary coverage. Also, the companies are coming up with a plan which can provide them with complete travel safety.

RESTRAINTS

• Low Consumer Experiences in Terms of Coverages

As most consumers have less experience regarding coverage and benefit they may get, they do not buy travel insurance. Also, due to the high premiums of the insurance, customers mostly do not buy this policy. The lack of awareness about the insurance cost and its coverage benefit has hindered the market growth.

For instance,

• A study done by Wonderflow shows that the insurance industry struggles with a reputation issue. Customers feel distant from the insurance company as they are often believed to be self-interested and opportunistic. Because of the customer's opinion, nearly 44% of customers have had no interactions with their insurers in the last 18 months. Also, about 40% of the insurance customer are dissatisfied with the company’s services

Lack of Guidance Towards Business Travel Accident Insurance

Most of the people who travel abroad lack guidance about the benefits and coverage provided by the travel insurance company. They often do not even know that travel benefits such as trip cancellation coverage, emergency medical coverage, and many more. People mostly do not purchase insurance policies as they are not aware of the company's benefits, which is expected to restrain market growth.

For instance,

• Research conducted by BioMed Central Ltd shows that approximately 20–30% of travelers lack awareness about Emergency Medical Assistance Services (EMAS), and the percentage of travelers who have previously received medical assistance through these services is extremely low. Also, it was found that less than 5% of respondents had a previous experience with EMAS

Thus, the lack of guidance and awareness about the benefits of travel insurance plans is expected to restrain market growth

CHALLENGE

• Rise in Concern Regarding Data

Big Data has become an inherent part of the sector across the globe to provide personalized experiences to the customer. More and more data about every person is being generated faster and faster from different devices. However, the increased data sharing and usage have given rise to cyber-risks about consumers' data privacy. To achieve greater customer loyalty, companies should protect the customers' data and have transparent communication with the customers. But due to the rising demand of consumers to have custom insurance policies, data sharing has increased. While having custom-made police for themselves, customers have to provide their data such as their medical records, personal details, and many more. This information is stored in cloud-based storage, which a hacker can hack, which became a major challenge to market growth.

OPPORTUNITIES

• Rise in Attractive Features to the Insurance Plan by Companies

Many companies have different ideas to attract more customers and boost the industry after the lockdown. They are adding different features to their existing plan or coming up with new policy plans to attract customers. The companies give the customer access to different benefits such as providing premium amenities while traveling or adding a custom option to the policies.

For instance,

• In July 2021, American Express announced that their U.S. Platinum and Business Platinum Card Members would have access to even more airport lounges and premium amenities when they travel. This member will be provided with world-class travel and lifestyle services and access to exclusive travel programs, benefits, and offerings. With this, the company is baking their card member to start their return to travel

Rise in Safety Concerns Among the People

The spread of coronavirus has made travelers very concerned about their health, leading to a rise in demand for travel insurance containing medical benefits. To cater to this demand, many companies are coming up with different benefits in their policies that can provide medical protection when in an emergency.

For instance,

• In July 2021, Generali Global Assistance announced that they have partnered with FootprintID to enhance its Trip Mate Travel Protection Plans. The partnership will allow travelers with Trip Mate protection plans to have access to FootprintID’s Portable Personal Health Records, which allow them to take their medical information with them anywhere. With this, the company will be able to elevate its level of care for its clients

U.S. Business Travel Accident Insurance Market Scope

美国商务旅行意外保险市场根据类型、用户类型、分销渠道、覆盖范围、保单类型、业务规模和最终用户分为七个值得注意的细分市场。这些细分市场之间的增长将帮助您分析行业中的主要增长细分市场，并为用户提供有价值的市场概览和市场洞察，帮助他们做出战略决策，以确定核心市场应用。

类型

• 单次旅行保障
• 年度多次旅行保障
• 其他的

根据类型，市场分为单次旅行保险、年度多次旅行保险和其他保险。

用户类型

• B2B
• B2C
• B2B2C

根据用户类型，市场分为 B2B、B2C 和 B2B2C。

分销渠道

• 保险公司
• 银行
• 保险经纪人
• 保险聚合商
• 其他的

根据分销渠道，市场细分为保险公司、银行、保险经纪人、保险聚合商和其他。

覆盖范围

• 意外死亡
• 意外肢解
• 意外医疗
• 境外医疗
• 安全疏散
• 紧急医疗运送
• 其他的

根据承保范围，市场分为意外医疗、意外死亡、意外肢解、出国医疗、紧急医疗后送、安全后送等。

政策类型

• 当地政策
• 全球政策
• 受控硕士课程

根据政策类型，市场分为地方政策、全球政策和受控总体计划。

企业规模

• 大型企业（员工人数超过 500 人）
• 中型企业（10 - 500 名员工）
• 小型企业（2 - 10 名员工）。

根据企业规模，市场分为大型企业（员工人数超过 500 人）、中型企业（员工人数 10 - 500 人）和小型企业（员工人数 2 - 10 人）。

终端用户

• 公司的
• 政府
• 国际旅客和雇员 (EXPATS)

根据最终用户，市场分为企业、政府、国际旅行者和雇员（EXPATS）。

竞争格局和美国商务旅行意外保险市场份额分析

美国商务旅行意外保险市场竞争格局提供了竞争对手的详细信息。详细信息包括公司概况、公司财务状况、产生的收入、市场潜力、研发投资、新市场计划、亚太地区业务、生产基地和设施、生产能力、公司优势和劣势、产品发布、产品宽度和广度以及应用主导地位。以上提供的数据点仅与公司对市场的关注有关。

美国商务旅行意外保险市场的一些主要参与者包括 AXA Partners USA SA、Travel Insured International、Arch Capital Group Ltd.、GENERALI GLOBAL ASSISTANCE、Travelex Insurance Services Inc.、VisitorsCoverage Inc、Berkshire Hathaway Specialty Insurance、AGA Service Company、MetLife Services and Solutions, LLC、Chubb、American Express、Tokio Marine HCC、The Hartford、American International Group, Inc.、Insubuy, LLC 和 International Medical Group, Inc (SiriusPoint Ltd. 的子公司) 等。

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