Global Group Business Travel Insurance Industry

Global Group Business Travel Insurance Industry Research & Trends Analysis Report

Global Group Business Travel Insurance Industry

Global Group Business Travel Insurance Industry Research & Trends Analysis Report


The Group Business Travel Insurance Market report highlights technological advancements, investment opportunities, and regulatory frameworks shaping the industry landscape through 2030.

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According to Latest Study, the global market for Group Business Travel Insurance should grow from US$ million in 2023 to US$ million by 2030, with a CAGR of % for the period of 2024-2030.

China Group Business Travel Insurance market should grow from US$ million in 2023 to US$ million by 2030, with a CAGR of % for the period of 2024-2030.

The United States Group Business Travel Insurance market should grow from US$ million in 2023 to US$ million by 2030, with a CAGR of % for the period of 2024-2030.

In terms of type, Travel Assistance Insurance segment holds a share about % in 2024 and will reach % in 2030; while in terms of application, Company has a share approximately % in 2023 and will grow at a CAGR % during 2024 and 2030.

The global key manufacturers of Group Business Travel Insurance include Allianz, Munich Re Group, AIG, Assicurazioni Generali, Prudential, ACE&Chubb, Manulife, UnitedHealthcare Global and Mapfre, etc. In 2022, the global top five players hold a share approximately % in terms of revenue.

This report aims to provide a comprehensive study of the global market for Group Business Travel Insurance. Report Highlights:

(1) Global Group Business Travel Insurance market size (value), history data from 2019-2023 and forecast data from 2024 to 2030.

(2) Global Group Business Travel Insurance market competitive situation, revenue and market share, from 2019 to 2023.

(3) China Group Business Travel Insurance market competitive situation, revenue and market share, from 2019 to 2023.

(4) Global Group Business Travel Insurance segment by region (or country), key regions cover the United States, Europe, Japan, South Korea, Southeast Asia and India, etc.

(5) Global Group Business Travel Insurance segment by type and by application and regional segment by type and by application.

(6) Group Business Travel Insurance industry supply chain, upstream, midstream and downstream analysis.

Market segment by regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East & Africa

Market segment by type, covers

Travel Assistance Insurance

Passenger Accident Insurance

Travel Personal Accident Insurance

Personal Insurance for Lodging Visitors

Market segment by application, can be divided into

Company

School

Family

Others

Market segment by players, this report covers

Allianz

Munich Re Group

AIG

Assicurazioni Generali

Prudential

ACE&Chubb

Manulife

UnitedHealthcare Global

Mapfre

AXA

Tokio Marine Holdings

China Pacific insurance

Hanse Merkur

Ping An Insurance (Group) Company of China

People's insurance company of China

China Life

Sompo Japan Nipponkoa

1 Market Overview

1.1 Product Overview and Scope of Group Business Travel Insurance

1.2 Global Group Business Travel Insurance Market Size and Forecast

1.3 China Group Business Travel Insurance Market Size and Forecast

1.4 China Market Percentage in Global

1.4.1 By Revenue, China Group Business Travel Insurance Share in Global Market, 2019-2030

1.4.2 Group Business Travel Insurance Market Size: China VS Global, 2019-2030

1.5 Group Business Travel Insurance Market Dynamics

1.5.1 Group Business Travel Insurance Market Drivers

1.5.2 Group Business Travel Insurance Market Restraints

1.5.3 Group Business Travel Insurance Industry Trends

1.5.4 Group Business Travel Insurance Industry Policy

2 Global Competitive Situation by Company

2.1 Global Group Business Travel Insurance Revenue by Company (2019-2024)

2.2 Global Group Business Travel Insurance Participants, Market Position (Tier 1, Tier 2 and Tier 3)

2.3 Global Group Business Travel Insurance Concentration Ratio

2.4 Global Group Business Travel Insurance Mergers & Acquisitions, Expansion Plans

2.5 Global Group Business Travel Insurance Manufacturers Product Type

3 China Competitive Situation by Company

3.1 China Group Business Travel Insurance Revenue by Company (2019-2024)

3.2 China Group Business Travel Insurance Group Business Travel Insurance Participants, Market Position (Tier 1, Tier 2 and Tier 3)

3.3 China Group Business Travel Insurance, Revenue Percentage of Local Players VS Foreign Manufacturers (2019-2024)

4 Industry Chain Analysis

4.1 Group Business Travel Insurance Industry Chain

4.2 Group Business Travel Insurance Upstream Analysis

4.3 Group Business Travel Insurance Midstream Analysis

4.4 Group Business Travel Insurance Downstream Analysis

5 Sights by Type

5.1 Group Business Travel Insurance Classification

5.1.1 Travel Assistance Insurance

5.1.2 Passenger Accident Insurance

5.1.3 Travel Personal Accident Insurance

5.1.4 Personal Insurance for Lodging Visitors

5.2 By Type, Global Group Business Travel Insurance Market Size & CAGR, 2019 VS 2024 VS 2030

5.3 By Type, Global Group Business Travel Insurance Revenue, 2019-2030

6 Sights by Application

6.1 Group Business Travel Insurance Segment by Application

6.1.1 Company

6.1.2 School

6.1.3 Family

6.1.4 Others

6.2 By Application, Global Group Business Travel Insurance Market Size & CAGR, 2019 VS 2024 VS 2030

6.3 By Application, Global Group Business Travel Insurance Revenue, 2019-2030

7 Sales Sights by Region

7.1 By Region, Global Group Business Travel Insurance Market Size, 2019 VS 2024 VS 2030

7.2 By Region, Global Group Business Travel Insurance Market Size, 2019-2030

7.3 North America

7.3.1 North America Group Business Travel Insurance Market Size & Forecasts, 2019-2030

7.3.2 By Country, North America Group Business Travel Insurance Market Size Market Share

7.4 Europe

7.4.1 Europe Group Business Travel Insurance Market Size & Forecasts, 2019-2030

7.4.2 By Country, Europe Group Business Travel Insurance Market Size Market Share

7.5 Asia Pacific

7.5.1 Asia Pacific Group Business Travel Insurance Market Size & Forecasts, 2019-2030

7.5.2 By Country/Region, Asia Pacific Group Business Travel Insurance Market Size Market Share

7.6 South America

7.6.1 South America Group Business Travel Insurance Market Size & Forecasts, 2019-2030

7.6.2 By Country, South America Group Business Travel Insurance Market Size Market Share

7.7 Middle East & Africa

8 Sights by Country Level

8.1 By Country, Global Group Business Travel Insurance Market Size & CAGR，2019 VS 2024 VS 2030

8.2 By Country, Global Group Business Travel Insurance Market Size, 2019-2030

8.3 U.S.

8.3.1 U.S. Group Business Travel Insurance Market Size, 2019-2030

8.3.2 By Company, U.S. Group Business Travel Insurance Revenue Market Share, 2019-2024

8.3.3 By Type, U.S. Group Business Travel Insurance Revenue Market Share, 2022 VS 2029

8.3.4 By Application, U.S. Group Business Travel Insurance Revenue Market Share, 2022 VS 2029

8.4 Europe

8.4.1 Europe Group Business Travel Insurance Market Size, 2019-2030

8.4.2 By Company, Europe Group Business Travel Insurance Revenue Market Share, 2019-2024

8.4.3 By Type, Europe Group Business Travel Insurance Revenue Market Share, 2022 VS 2029

8.4.4 By Application, Europe Group Business Travel Insurance Revenue Market Share, 2022 VS 2029

8.5 China

8.5.1 China Group Business Travel Insurance Market Size, 2019-2030

8.5.2 By Company, China Group Business Travel Insurance Revenue Market Share, 2019-2024

8.5.3 By Type, China Group Business Travel Insurance Revenue Market Share, 2022 VS 2029

8.5.4 By Application, China Group Business Travel Insurance Revenue Market Share, 2022 VS 2029

8.6 Japan

8.6.1 Japan Group Business Travel Insurance Market Size, 2019-2030

8.6.2 By Company, Japan Group Business Travel Insurance Revenue Market Share, 2019-2024

8.6.3 By Type, Japan Group Business Travel Insurance Revenue Market Share, 2022 VS 2029

8.6.4 By Application, Japan Group Business Travel Insurance Revenue Market Share, 2022 VS 2029

8.7 South Korea

8.7.1 South Korea Group Business Travel Insurance Market Size, 2019-2030

8.7.2 By Company, South Korea Group Business Travel Insurance Revenue Market Share, 2019-2024

8.7.3 By Type, South Korea Group Business Travel Insurance Revenue Market Share, 2022 VS 2029

8.7.4 By Application, South Korea Group Business Travel Insurance Revenue Market Share, 2022 VS 2029

8.8 Southeast Asia

8.8.1 Southeast Asia Group Business Travel Insurance Market Size, 2019-2030

8.8.2 By Company, Southeast Asia Group Business Travel Insurance Revenue Market Share, 2019-2024

8.8.3 By Type, Southeast Asia Group Business Travel Insurance Revenue Market Share, 2022 VS 2029

8.8.4 By Application, Southeast Asia Group Business Travel Insurance Revenue Market Share, 2022 VS 2029

8.9 India

8.9.1 India Group Business Travel Insurance Market Size, 2019-2030

8.9.2 By Company, India Group Business Travel Insurance Revenue Market Share, 2019-2024

8.9.3 By Type, India Group Business Travel Insurance Revenue Market Share, 2022 VS 2029

8.9.4 By Application, India Group Business Travel Insurance Revenue Market Share, 2022 VS 2029

8.10 Middle East & Asia

8.10.1 Middle East & Asia Group Business Travel Insurance Market Size, 2019-2030

8.10.2 By Company, Middle East & Asia Group Business Travel Insurance Revenue Market Share, 2019-2024

8.10.3 By Type, Middle East & Asia Group Business Travel Insurance Revenue Market Share, 2022 VS 2029

8.10.4 By Application, Middle East & Asia Group Business Travel Insurance Revenue Market Share, 2022 VS 2029

9 Global Manufacturers Profile

9.1 Allianz

9.1.1 Allianz Company Information, Head Office, Market Area and Industry Position

9.1.2 Allianz Company Profile and Main Business

9.1.3 Allianz Group Business Travel Insurance Models, Specifications and Application

9.1.4 Allianz Group Business Travel Insurance Revenue and Gross Margin, 2019-2024

9.1.5 Allianz Recent Developments

9.2 Munich Re Group

9.2.1 Munich Re Group Company Information, Head Office, Market Area and Industry Position

9.2.2 Munich Re Group Company Profile and Main Business

9.2.3 Munich Re Group Group Business Travel Insurance Models, Specifications and Application

9.2.4 Munich Re Group Group Business Travel Insurance Revenue and Gross Margin, 2019-2024

9.2.5 Munich Re Group Recent Developments

9.3 AIG

9.3.1 AIG Company Information, Head Office, Market Area and Industry Position

9.3.2 AIG Company Profile and Main Business

9.3.3 AIG Group Business Travel Insurance Models, Specifications and Application

9.3.4 AIG Group Business Travel Insurance Revenue and Gross Margin, 2019-2024

9.3.5 AIG Recent Developments

9.4 Assicurazioni Generali

9.4.1 Assicurazioni Generali Company Information, Head Office, Market Area and Industry Position

9.4.2 Assicurazioni Generali Company Profile and Main Business

9.4.3 Assicurazioni Generali Group Business Travel Insurance Models, Specifications and Application

9.4.4 Assicurazioni Generali Group Business Travel Insurance Revenue and Gross Margin, 2019-2024

9.4.5 Assicurazioni Generali Recent Developments

9.5 Prudential

9.5.1 Prudential Company Information, Head Office, Market Area and Industry Position

9.5.2 Prudential Company Profile and Main Business

9.5.3 Prudential Group Business Travel Insurance Models, Specifications and Application

9.5.4 Prudential Group Business Travel Insurance Revenue and Gross Margin, 2019-2024

9.5.5 Prudential Recent Developments

9.6 ACE&Chubb

9.6.1 ACE&Chubb Company Information, Head Office, Market Area and Industry Position

9.6.2 ACE&Chubb Company Profile and Main Business

9.6.3 ACE&Chubb Group Business Travel Insurance Models, Specifications and Application

9.6.4 ACE&Chubb Group Business Travel Insurance Revenue and Gross Margin, 2019-2024

9.6.5 ACE&Chubb Recent Developments

9.7 Manulife

9.7.1 Manulife Company Information, Head Office, Market Area and Industry Position

9.7.2 Manulife Company Profile and Main Business

9.7.3 Manulife Group Business Travel Insurance Models, Specifications and Application

9.7.4 Manulife Group Business Travel Insurance Revenue and Gross Margin, 2019-2024

9.7.5 Manulife Recent Developments

9.8 UnitedHealthcare Global

9.8.1 UnitedHealthcare Global Company Information, Head Office, Market Area and Industry Position

9.8.2 UnitedHealthcare Global Company Profile and Main Business

9.8.3 UnitedHealthcare Global Group Business Travel Insurance Models, Specifications and Application

9.8.4 UnitedHealthcare Global Group Business Travel Insurance Revenue and Gross Margin, 2019-2024

9.8.5 UnitedHealthcare Global Recent Developments

9.9 Mapfre

9.9.1 Mapfre Company Information, Head Office, Market Area and Industry Position

9.9.2 Mapfre Company Profile and Main Business

9.9.3 Mapfre Group Business Travel Insurance Models, Specifications and Application

9.9.4 Mapfre Group Business Travel Insurance Revenue and Gross Margin, 2019-2024

9.9.5 Mapfre Recent Developments

9.10 AXA

9.10.1 AXA Company Information, Head Office, Market Area and Industry Position

9.10.2 AXA Company Profile and Main Business

9.10.3 AXA Group Business Travel Insurance Models, Specifications and Application

9.10.4 AXA Group Business Travel Insurance Revenue and Gross Margin, 2019-2024

9.10.5 AXA Recent Developments

9.11 Tokio Marine Holdings

9.11.1 Tokio Marine Holdings Company Information, Head Office, Market Area and Industry Position

9.11.2 Tokio Marine Holdings Company Profile and Main Business

9.11.3 Tokio Marine Holdings Group Business Travel Insurance Models, Specifications and Application

9.11.4 Tokio Marine Holdings Group Business Travel Insurance Revenue and Gross Margin, 2019-2024

9.11.5 Tokio Marine Holdings Recent Developments

9.12 China Pacific insurance

9.12.1 China Pacific insurance Company Information, Head Office, Market Area and Industry Position

9.12.2 China Pacific insurance Company Profile and Main Business

9.12.3 China Pacific insurance Group Business Travel Insurance Models, Specifications and Application

9.12.4 China Pacific insurance Group Business Travel Insurance Revenue and Gross Margin, 2019-2024

9.12.5 China Pacific insurance Recent Developments

9.13 Hanse Merkur

9.13.1 Hanse Merkur Company Information, Head Office, Market Area and Industry Position

9.13.2 Hanse Merkur Company Profile and Main Business

9.13.3 Hanse Merkur Group Business Travel Insurance Models, Specifications and Application

9.13.4 Hanse Merkur Group Business Travel Insurance Revenue and Gross Margin, 2019-2024

9.13.5 Hanse Merkur Recent Developments

9.14 Ping An Insurance (Group) Company of China

9.14.1 Ping An Insurance (Group) Company of China Company Information, Head Office, Market Area and Industry Position

9.14.2 Ping An Insurance (Group) Company of China Company Profile and Main Business

9.14.3 Ping An Insurance (Group) Company of China Group Business Travel Insurance Models, Specifications and Application

9.14.4 Ping An Insurance (Group) Company of China Group Business Travel Insurance Revenue and Gross Margin, 2019-2024

9.14.5 Ping An Insurance (Group) Company of China Recent Developments

9.15 People's insurance company of China

9.15.1 People's insurance company of China Company Information, Head Office, Market Area and Industry Position

9.15.2 People's insurance company of China Company Profile and Main Business

9.15.3 People's insurance company of China Group Business Travel Insurance Models, Specifications and Application

9.15.4 People's insurance company of China Group Business Travel Insurance Revenue and Gross Margin, 2019-2024

9.15.5 People's insurance company of China Recent Developments

9.16 China Life

9.16.1 China Life Company Information, Head Office, Market Area and Industry Position

9.16.2 China Life Company Profile and Main Business

9.16.3 China Life Group Business Travel Insurance Models, Specifications and Application

9.16.4 China Life Group Business Travel Insurance Revenue and Gross Margin, 2019-2024

9.16.5 China Life Recent Developments

9.17 Sompo Japan Nipponkoa

9.17.1 Sompo Japan Nipponkoa Company Information, Head Office, Market Area and Industry Position

9.17.2 Sompo Japan Nipponkoa Company Profile and Main Business

9.17.3 Sompo Japan Nipponkoa Group Business Travel Insurance Models, Specifications and Application

9.17.4 Sompo Japan Nipponkoa Group Business Travel Insurance Revenue and Gross Margin, 2019-2024

9.17.5 Sompo Japan Nipponkoa Recent Developments

10 Conclusion

11 Appendix

11.1 Research Methodology

11.2 Data Source

11.2.1 Secondary Sources

11.2.2 Primary Sources

11.3 Market Estimation Model

11.4 Disclaimer

Tables & Figures:
Show more
Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Group Business Travel Insurance Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Why is the Group Business Travel Insurance Market trending toward high growth trajectories?
A dynamic process in the Group Business Travel Insurance Market is initiated by new entrants, including competitors from unrelated industries, in addition to the established players like Allianz, AXA, AIG, Zurich, Chubb, Generali, Tokio Marine, Berkshire Hathaway, Aviva, Manulife, Prudential, Sompo Holdings, Ping An Insurance, MetLife, American Express Travel Insurance, InsureMyTrip, Seven Corners, Travel Insured International, IMG Global, Cover-More.
How are players chosen for the research coverage of the Group Business Travel Insurance Market study?
MI used a variety of industry standards such as NAICS, ICB, TRIC, and others to identify functional players in the industry, which they then shortlist and validate in an iterative process to finalize the most relevant players.
What important business segments are segregated by application types in the latest edition of the Group Business Travel Insurance Market?
The key business segments in the Group Business Travel Insurance Market are segregated by applications [Corporate Travel, MICE (Meetings, Incentives, Conferences, Exhibitions), International Business, Government Travel] and types [Single Trip Coverage, Annual Multi-trip Coverage, Emergency Assistance Plans, Medical Travel Insurance].
How big is the Group Business Travel Insurance Market by 2030?
It is expected that the Group Business Travel Insurance Market will reach USD XX million by 2030.
What does the future hold for the Group Business Travel Insurance Market?
As the shift to value addition continues, companies in the Group Business Travel Insurance Market face the dual challenge of improving interoperability to optimize performance and experience.
How is the competitive landscape for the Group Business Travel Insurance Market defined?
Companies in the Group Business Travel Insurance Industry are thoroughly researched and profiled in order to determine why certain trends will have a significant impact and how they will be factored into the Group Business Travel Insurance Market's trajectory and future outlook.