Denmark Travel Insurance Market Size and Statistics

Denmark Travel Insurance Market by Age (Millennials, Generation X, and Baby Boomers), by Income Level (Low-income travelers, Middle-income travelers and High-Income Travelers), by Coverage (Medical Coverage, Trip Cancellation Coverage, Baggage and Personal Belongings Coverage, Accidental Death and Dismemberment (AD&D) Coverage) and Others– Opportunity Analysis and Industry Forecast, 2024–2030

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Market Overview

The Denmark Travel Insurance Market size was valued at USD 119.8 million in 2023 and is predicted to reach USD 323.1 million by 2030, with a CAGR of 14.1 % from 2024 to 2030. Travel insurance is a specialized form of insurance designed to provide protection and coverage to travelers against a wide range of potential risks and unforeseen circumstances that may arise before or during their journeys. It plays a crucial role in mitigating the financial impact of various travel-related emergencies, disruptions, and inconveniences, thereby offering travelers a sense of security and peace of mind throughout their trips. One of its primary benefits is its ability to provide financial reimbursement and assistance in the event of trip cancellations or interruptions. This coverage includes unforeseen situations such as illness, injury, or emergencies, enabling travelers to recover non-refundable expenses associated with flights, accommodations, and other pre-paid arrangements.

The Growing Number of Online Platforms for Travel Insurance Fuels Market Growth in Denmark

The expansion of online platforms dedicated to travel insurance is reshaping the industry landscape in Denmark by enhancing accessibility and convenience for consumers. These digital platforms provide Danish travelers with a wide range of policy options, allowing easy comparison based on coverage, cost, and specific travel needs. The digitization of the purchase process reduces the need for physical documentation or in-person visits, making it quicker and more user-friendly. As online availability increases, competition among insurers intensifies, prompting them to offer more competitive rates, better coverage, and user-centric digital experiences to attract and retain customers in an increasingly tech-savvy market.

Increased Marketing and Consumer Awareness Drive Demand in Denmark

Strengthened marketing strategies and greater awareness about the importance of travel insurance are playing a crucial role in driving growth in Denmark’s travel insurance market. Through targeted campaigns and educational initiatives, insurers can effectively communicate the benefits of travel insurance in managing risks such as medical emergencies, trip cancellations, or lost belongings. By utilizing digital media, social platforms, and strategic collaborations with airlines and travel agencies, insurers are reaching a broader audience and enhancing brand visibility. In addition, regulatory requirements in certain travel destinations and the bundling of insurance with travel bookings are further increasing the uptake of insurance products. As awareness grows, more Danish travelers are recognizing the importance of coverage, leading to increased adoption and overall market expansion.

Perceived High Costs of Travel Insurance Limit Market Expansion in Denmark

In Denmark, the perception that travel insurance is expensive remains a key challenge for market growth. Many travelers view insurance as an optional extra, particularly for short or low-cost trips, and may underestimate the value it offers in mitigating significant financial risks. This perception, combined with often complex pricing structures and unclear policy terms, can deter potential customers. To overcome this barrier, insurers operating in Denmark need to improve transparency, simplify policy offerings, and clearly communicate the cost-benefit of travel insurance. Offering flexible pricing models and plans tailored to diverse travel needs can also help shift perceptions and boost market adoption.

Blockchain Technology Offers Strong Growth Potential for Denmark’s Travel Insurance Sector

The integration of blockchain technology presents a substantial opportunity for innovation and expansion in Denmark’s travel insurance market. Blockchain enhances security, transparency, and efficiency in managing data and transactions, significantly reducing the risk of fraud and strengthening trust between insurers and policyholders. Smart contracts allow for the automation of key processes such as policy issuance and claims settlement, leading to faster service and reduced administrative overhead. Moreover, blockchain facilitates better collaboration among insurers, travel service providers, and healthcare networks through real-time data sharing. This technological advancement opens the door to new, innovative products such as parametric insurance customized for specific travel scenarios, supporting Denmark’s transition to a more efficient, customer-centric insurance ecosystem.

Competitive Landscape

Several market players operating in the Denmark travel insurance market include Gouda (Gjensidige Forsikring ASA), If Skadeforsakring AB, Europæiske ERV, Alm. Brand, Codan Forsikring, Alka Insurance (Tryg Forsikring A/S), GF Insurance, Tryg Forsikring A/S, Topdanmark Insurance A/S, Bauta Insurance (LB Forsikring A/S) and Others.

Denmark Travel Insurance Market Key Segments

By Age

Millennials
Generation X
Baby Boomers

By Income Level

Low-income Travelers
Middle-income Travelers
High-income Travelers

By Coverage

Medical Coverage
Trip Cancellation Coverage
Baggage and Personal Belongings Coverage
Accidental Death and Dismemberment (AD&D) Coverage

By Days of Coverage

Short-Trip Insurance
Standard Trip Insurance
Extended Trip Insurance
Multi-Trip Insurance

By End User

Pilgrim Travelers
Education Travelers
Business Travelers
Family Travelers

By Distributional Channel

Insurance Companies
Banks
Airlines
Online Platforms
Insurance Aggregators and Comparison Websites
Travel Agents and Tour Operators

Key Players

Gouda (Gjensidige Forsikring ASA)
If Skadeforsakring AB
Europæiske ERV
Alm. Brand
Codan Forsikring
Alka Insurance (Tryg Forsikring A/S)
GF Insurance
Tryg Forsikring A/S
Topdanmark Insurance A/S
Bauta Insurance (LB Forsikring A/S)

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2023	USD 119.8 Million
Revenue Forecast in 2030	USD 323.1 Million
Growth Rate	CAGR of 14.1 % from 2024 to 2030
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Million (USD)
Growth Factors	The growing number of online platforms for travel insurance. Increasing marketing and awareness of travel insurance drives the industry.
Companies Profiled	10
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.

1. INTRODUCTION

1.1. REPORT DESCRIPTION

1.2. WHO SHOULD READ THIS REPORT

1.3. KEY MARKET SEGMENTS

1.4. RESEARCH METHODOLOGY

1.4.1 MARKET SIZE ESTIMATION METHODOLOGY

1.4.1.1. TOP-DOWN AND BOTTOM-UP APPROACH

1.4.1.2. DEMAND AND SUPPLY SIDE ANALYSIS

1.4.1.3. MACRO-INDICATOR APPROACH

1.4.2 DATA COLLECTION APPROACH

1.4.2.1. PRIMARY DATA COLLECTION

1.4.2.2. SECONDARY DATA COLLECTION

1.4.2.2.1. SECONDARY DATA SOURCES

1.4.3 FORECASTING

2. MARKET DEFINITION

2.1. DEFINITION

3. DENMARK TRAVEL INSURANCE MARKET – EXECUTIVE SUMMARY

3.1. MARKET SNAPSHOT, 2024 - 2030, MILLION USD

4. MARKET OVERVIEW

4.1. MARKET DYNAMICS

4.1.1 DRIVERS

4.1.1.1. THE GROWING NUMBER OF ONLINE PLATFORMS FOR TRAVEL INSURANCE FUELS MARKET GROWTH IN DENMARK

4.1.1.2. INCREASED MARKETING AND CONSUMER AWARENESS DRIVE DEMAND IN DENMARK

4.1.2 RESTRAINTS

4.1.2.1. PERCEIVED HIGH COSTS OF TRAVEL INSURANCE LIMIT MARKET EXPANSION IN DENMARK

4.1.3 OPPORTUNITY

4.1.3.1. BLOCKCHAIN TECHNOLOGY OFFERS STRONG GROWTH POTENTIAL FOR DENMARK’S TRAVEL INSURANCE SECTOR

5. MARKET SHARE ANALYSIS

5.1. MARKET SHARE ANALYSIS OF TOP 10 DENMARK TRAVEL INSURANCE PROVIDERS, 2024

6. DENMARK TRAVEL INSURANCE MARKET BY AGE

6.1 OVERVIEW

6.2 MILLENNIALS MARKET

6.3 GENERATION X MARKET

6.4 BABY BOOMERS MARKET

7. DENMARK TRAVEL INSURANCE MARKET BY INCOME LEVEL

7.1 OVERVIEW

7.2 LOW-INCOME TRAVELERS MARKET

7.3 MIDDLE-INCOME TRAVELERS MARKET

7.4 HIGH-INCOME TRAVELERS MARKET

8. DENMARK TRAVEL INSURANCE MARKET BY COVERAGE

8.1 OVERVIEW

8.2 MEDICAL COVERAGE MARKET

8.3 TRIP CANCELLATION COVERAGE MARKET

8.4 BAGGAGE AND PERSONAL BELONGINGS COVERAGE MARKET

8.5 ACCIDENTAL DEATH AND DISMEMBERMENT (AD&D) COVERAGE MARKET

9. DENMARK TRAVEL INSURANCE MARKET BY DAYS OF COVERAGE

9.1 OVERVIEW

9.2 SHORT-TRIP INSURANCE MARKET

9.3 STANDARD TRIP INSURANCE MARKET

9.4 EXTENDED TRIP INSURANCE MARKET

9.5 MULTI-TRIP INSURANCE MARKET

10. DENMARK TRAVEL INSURANCE MARKET BY END USER

10.1 OVERVIEW

10.2 PILGRIM TRAVELERS MARKET

10.3 EDUCATION TRAVELERS MARKET

10.4 BUSINESS TRAVELERS MARKET

10.5 FAMILY TRAVELERS MARKET

11. DENMARK TRAVEL INSURANCE MARKET BY DISTRIBUTIONAL CHANNEL

11.1 OVERVIEW

11.2 INSURANCE COMPANIES MARKET

11.3 BANKS MARKET

11.4 AIRLINES MARKET

11.5 ONLINE PLATFORMS MARKET

11.6 TRAVEL AGENTS AND TOUR OPERATORS MARKET

12. COMPANY PROFILES

12.1 GOUDA (GJENSIDIGE FORSIKRING ASA)

12.1.1 COMPANY OVERVIEW

12.1.2 COMPANY SNAPSHOT

12.1.3 OPERATING BUSINESS SEGMENTS

12.1.4 PRODUCT PORTFOLIO

12.1.5 BUSINESS PERFORMANCE

12.1.6 BUSINESS SEGMENTS

12.1.7 GEOGRAPHIC SEGMENTS

12.1.8 KEY STRATEGIC MOVES AND DEVELOPMENT

12.1.9 PRIMARY MARKET COMPETITORS

12.2 IF SKADEFORSAKRING AB

12.2.1 COMPANY OVERVIEW

12.2.2 COMPANY SNAPSHOT

12.2.3 OPERATING BUSINESS SEGMENTS

12.2.4 PRODUCT PORTFOLIO

12.2.5 BUSINESS PERFORMANCE

12.2.6 BUSINESS SEGMENTS

12.2.7 GEOGRAPHIC SEGMENTS

12.2.8 KEY STRATEGIC MOVES AND DEVELOPMENT

12.2.9 PRIMARY MARKET COMPETITORS

12.3 EUROPÆISKE ERV

12.3.1 COMPANY OVERVIEW

12.3.2 COMPANY SNAPSHOT

12.3.3 OPERATING BUSINESS SEGMENTS

12.3.4 PRODUCT PORTFOLIO

12.3.5 BUSINESS PERFORMANCE

12.3.6 BUSINESS SEGMENTS

12.3.7 GEOGRAPHIC SEGMENTS

12.3.8 KEY STRATEGIC MOVES AND DEVELOPMENT

12.3.9 PRIMARY MARKET COMPETITORS

12.4 ALM. BRAND

12.4.1 COMPANY OVERVIEW

12.4.2 COMPANY SNAPSHOT

12.4.3 OPERATING BUSINESS SEGMENTS

12.4.4 PRODUCT PORTFOLIO

12.4.5 BUSINESS PERFORMANCE

12.4.6 BUSINESS SEGMENTS

12.4.7 GEOGRAPHIC SEGMENTS

12.4.8 KEY STRATEGIC MOVES AND DEVELOPMENT

12.4.9 PRIMARY MARKET COMPETITORS

12.5 CODAN FORSIKRING

12.5.1 COMPANY OVERVIEW

12.5.2 COMPANY SNAPSHOT

12.5.3 OPERATING BUSINESS SEGMENTS

12.5.4 PRODUCT PORTFOLIO

12.5.5 BUSINESS PERFORMANCE

12.5.6 BUSINESS SEGMENTS

12.5.7 GEOGRAPHIC SEGMENTS

12.5.8 KEY STRATEGIC MOVES AND DEVELOPMENT

12.5.9 PRIMARY MARKET COMPETITORS

12.6 ALKA INSURANCE (TRYG FORSIKRING A/S)

12.6.1 COMPANY OVERVIEW

12.6.2 COMPANY SNAPSHOT

12.6.3 OPERATING BUSINESS SEGMENTS

12.6.4 PRODUCT PORTFOLIO

12.6.5 BUSINESS PERFORMANCE

12.6.6 BUSINESS SEGMENTS

12.6.7 GEOGRAPHIC SEGMENTS

12.6.8 KEY STRATEGIC MOVES AND DEVELOPMENT

12.6.9 PRIMARY MARKET COMPETITORS

12.7 GF INSURANCE

12.7.1 COMPANY OVERVIEW

12.7.2 COMPANY SNAPSHOT

12.7.3 OPERATING BUSINESS SEGMENTS

12.7.4 PRODUCT PORTFOLIO

12.7.5 BUSINESS PERFORMANCE

12.7.6 BUSINESS SEGMENTS

12.7.7 GEOGRAPHIC SEGMENTS

12.7.8 KEY STRATEGIC MOVES AND DEVELOPMENT

12.7.9 PRIMARY MARKET COMPETITORS

12.8 TRYG FORSIKRING A/S

12.8.1 COMPANY OVERVIEW

12.8.2 COMPANY SNAPSHOT

12.8.3 OPERATING BUSINESS SEGMENTS

12.8.4 PRODUCT PORTFOLIO

12.8.5 BUSINESS PERFORMANCE

12.8.6 BUSINESS SEGMENTS

12.8.7 GEOGRAPHIC SEGMENTS

12.8.8 KEY STRATEGIC MOVES AND DEVELOPMENT

12.8.9 PRIMARY MARKET COMPETITORS

12.9 TOPDANMARK INSURANCE A/S

12.9.1 COMPANY OVERVIEW

12.9.2 COMPANY SNAPSHOT

12.9.3 OPERATING BUSINESS SEGMENTS

12.9.4 PRODUCT PORTFOLIO

12.9.5 BUSINESS PERFORMANCE

12.9.6 BUSINESS SEGMENTS

12.9.7 GEOGRAPHIC SEGMENTS

12.9.8 KEY STRATEGIC MOVES AND DEVELOPMENT

12.9.9 PRIMARY MARKET COMPETITORS

12.10 BAUTA INSURANCE (LB FORSIKRING A/S)

12.10.1 COMPANY OVERVIEW

12.10.2 COMPANY SNAPSHOT

12.10.3 OPERATING BUSINESS SEGMENTS

12.10.4 PRODUCT PORTFOLIO

12.10.5 BUSINESS PERFORMANCE

12.10.6 BUSINESS SEGMENTS

12.10.7 GEOGRAPHIC SEGMENTS

12.10.8 KEY STRATEGIC MOVES AND DEVELOPMENT

12.10.9 PRIMARY MARKET COMPETITORS

LIST OF TABLES

TABLE 1. DENMARK TRAVEL INSURANCE MARKET VALUE, BY AGE, 2024-2030, (MILLION USD)

TABLE 2. MILLENNIALS, MARKET VALUE, 2024-2030, (MILLION USD)

TABLE 3. GENERATION X, MARKET VALUE, 2024-2030, (MILLION USD)

TABLE 4. BABY BOOMERS, MARKET VALUE, 2024-2030, (MILLION USD)

TABLE 5. DENMARK TRAVEL INSURANCE MARKET VALUE, BY INCOME LEVEL, 2024-2030, (MILLION USD)

TABLE 6. LOW-INCOME TRAVELERS, MARKET VALUE, 2024-2030, (MILLION USD)

TABLE 7. MIDDLE-INCOME TRAVELERS, MARKET VALUE, 2024-2030, (MILLION USD)

TABLE 8. HIGH-INCOME TRAVELERS, MARKET VALUE, 2024-2030, (MILLION USD)

TABLE 9. DENMARK TRAVEL INSURANCE MARKET VALUE, BY COVERAGE, 2024-2030, (MILLION USD)

TABLE 10. MEDICAL COVERAGE, MARKET VALUE, 2024-2030, (MILLION USD)

TABLE 11. TRIP CANCELLATION COVERAGE, MARKET VALUE, 2024-2030, (MILLION USD)

TABLE 12. BAGGAGE AND PERSONAL BELONGINGS COVERAGE, MARKET VALUE, 2024-2030, (MILLION USD)

TABLE 13. ACCIDENTAL DEATH AND DISMEMBERMENT (AD&D) COVERAGE, MARKET VALUE, 2024-2030, (MILLION USD)

TABLE 14. DENMARK TRAVEL INSURANCE MARKET VALUE, BY DAYS OF COVERAGE, 2024-2030, (MILLION USD)

TABLE 15. SHORT-TRIP INSURANCE, MARKET VALUE, 2024-2030, (MILLION USD)

TABLE 16. STANDARD TRIP INSURANCE, MARKET VALUE, 2024-2030, (MILLION USD)

TABLE 17. EXTENDED TRIP INSURANCE, MARKET VALUE, 2024-2030, (MILLION USD)

TABLE 18. MULTI-TRIP INSURANCE, MARKET VALUE, 2024-2030, (MILLION USD)

TABLE 19. DENMARK TRAVEL INSURANCE MARKET VALUE, BY END USER, 2024-2030, (MILLION USD)

TABLE 20. PILGRIM TRAVELERS, MARKET VALUE, 2024-2030, (MILLION USD)

TABLE 21. EDUCATION TRAVELERS, MARKET VALUE, 2024-2030, (MILLION USD)

TABLE 22. BUSINESS TRAVELERS, MARKET VALUE, 2024-2030, (MILLION USD)

TABLE 23. FAMILY TRAVELERS, MARKET VALUE, 2024-2030, (MILLION USD)

TABLE 24. DENMARK TRAVEL INSURANCE MARKET VALUE, BY DISTRIBUTIONAL CHANNEL, 2024-2030, (MILLION USD)

TABLE 25. INSURANCE COMPANIES, MARKET VALUE, 2024-2030, (MILLION USD)

TABLE 26. BANKS, MARKET VALUE, 2024-2030, (MILLION USD)

TABLE 27. AIRLINES, MARKET VALUE, 2024-2030, (MILLION USD)

TABLE 28. ONLINE PLATFORMS, MARKET VALUE, 2024-2030, (MILLION USD)

TABLE 29. TRAVEL AGENTS AND TOUR OPERATORS, MARKET VALUE, 2024-2030, (MILLION USD)

TABLE 30. GOUDA (GJENSIDIGE FORSIKRING ASA): COMPANY SNAPSHOT

TABLE 31. GOUDA (GJENSIDIGE FORSIKRING ASA): OPERATING BUSINESS SEGMENTS

TABLE 32. GOUDA (GJENSIDIGE FORSIKRING ASA): PRODUCT PORTFOLIO

TABLE 33. GOUDA (GJENSIDIGE FORSIKRING ASA): SALES BY BUSINESS SEGMENTS (2022-2024)

TABLE 34. GOUDA (GJENSIDIGE FORSIKRING ASA): SALES BY GEOGRAPHIC SEGMENTS (2022-2024)

TABLE 35. GOUDA (GJENSIDIGE FORSIKRING ASA): KEY STRATERGY

TABLE 36. IF SKADEFORSAKRING AB: COMPANY SNAPSHOT

TABLE 37. IF SKADEFORSAKRING AB: OPERATING BUSINESS SEGMENTS

TABLE 38. IF SKADEFORSAKRING AB: PRODUCT PORTFOLIO

TABLE 39. IF SKADEFORSAKRING AB: SALES BY BUSINESS SEGMENTS (2022-2024)

TABLE 40. IF SKADEFORSAKRING AB: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)

TABLE 41. IF SKADEFORSAKRING AB: KEY STRATERGY

TABLE 42. EUROPæISKE ERV: COMPANY SNAPSHOT

TABLE 43. EUROPæISKE ERV: OPERATING BUSINESS SEGMENTS

TABLE 44. EUROPæISKE ERV: PRODUCT PORTFOLIO

TABLE 45. EUROPæISKE ERV: SALES BY BUSINESS SEGMENTS (2022-2024)

TABLE 46. EUROPæISKE ERV: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)

TABLE 47. EUROPæISKE ERV: KEY STRATERGY

TABLE 48. ALM. BRAND: COMPANY SNAPSHOT

TABLE 49. ALM. BRAND: OPERATING BUSINESS SEGMENTS

TABLE 50. ALM. BRAND: PRODUCT PORTFOLIO

TABLE 51. ALM. BRAND: SALES BY BUSINESS SEGMENTS (2022-2024)

TABLE 52. ALM. BRAND: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)

TABLE 53. ALM. BRAND: KEY STRATERGY

TABLE 54. CODAN FORSIKRING: COMPANY SNAPSHOT

TABLE 55. CODAN FORSIKRING: OPERATING BUSINESS SEGMENTS

TABLE 56. CODAN FORSIKRING: PRODUCT PORTFOLIO

TABLE 57. CODAN FORSIKRING: SALES BY BUSINESS SEGMENTS (2022-2024)

TABLE 58. CODAN FORSIKRING: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)

TABLE 59. CODAN FORSIKRING: KEY STRATERGY

TABLE 60. ALKA INSURANCE (TRYG FORSIKRING A/S): COMPANY SNAPSHOT

TABLE 61. ALKA INSURANCE (TRYG FORSIKRING A/S): OPERATING BUSINESS SEGMENTS

TABLE 62. ALKA INSURANCE (TRYG FORSIKRING A/S): PRODUCT PORTFOLIO

TABLE 63. ALKA INSURANCE (TRYG FORSIKRING A/S): SALES BY BUSINESS SEGMENTS (2022-2024)

TABLE 64. ALKA INSURANCE (TRYG FORSIKRING A/S): SALES BY GEOGRAPHIC SEGMENTS (2022-2024)

TABLE 65. ALKA INSURANCE (TRYG FORSIKRING A/S): KEY STRATERGY

TABLE 66. GF INSURANCE: COMPANY SNAPSHOT

TABLE 67. GF INSURANCE: OPERATING BUSINESS SEGMENTS

TABLE 68. GF INSURANCE: PRODUCT PORTFOLIO

TABLE 69. GF INSURANCE: SALES BY BUSINESS SEGMENTS (2022-2024)

TABLE 70. GF INSURANCE: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)

TABLE 71. GF INSURANCE: KEY STRATERGY

TABLE 72. TRYG FORSIKRING A/S: COMPANY SNAPSHOT

TABLE 73. TRYG FORSIKRING A/S: OPERATING BUSINESS SEGMENTS

TABLE 74. TRYG FORSIKRING A/S: PRODUCT PORTFOLIO

TABLE 75. TRYG FORSIKRING A/S: SALES BY BUSINESS SEGMENTS (2022-2024)

TABLE 76. TRYG FORSIKRING A/S: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)

TABLE 77. TRYG FORSIKRING A/S: KEY STRATERGY

TABLE 78. TOPDANMARK INSURANCE A/S: COMPANY SNAPSHOT

TABLE 79. TOPDANMARK INSURANCE A/S: OPERATING BUSINESS SEGMENTS

TABLE 80. TOPDANMARK INSURANCE A/S: PRODUCT PORTFOLIO

TABLE 81. TOPDANMARK INSURANCE A/S: SALES BY BUSINESS SEGMENTS (2022-2024)

TABLE 82. TOPDANMARK INSURANCE A/S: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)

TABLE 83. TOPDANMARK INSURANCE A/S: KEY STRATERGY

TABLE 84. BAUTA INSURANCE (LB FORSIKRING A/S): COMPANY SNAPSHOT

TABLE 85. BAUTA INSURANCE (LB FORSIKRING A/S): OPERATING BUSINESS SEGMENTS

TABLE 86. BAUTA INSURANCE (LB FORSIKRING A/S): PRODUCT PORTFOLIO

TABLE 87. BAUTA INSURANCE (LB FORSIKRING A/S): SALES BY BUSINESS SEGMENTS (2022-2024)

TABLE 88. BAUTA INSURANCE (LB FORSIKRING A/S): SALES BY GEOGRAPHIC SEGMENTS (2022-2024)

TABLE 89. BAUTA INSURANCE (LB FORSIKRING A/S): KEY STRATERGY

LIST OF FIGURES

FIGURE 1. BARGAINING POWER OF SUPPLIERS

FIGURE 2. BARGAINING POWER OF BUYERS

FIGURE 3. DEGREE OF COMPETITION

FIGURE 4. THREAT OF SUBSTITUTE

FIGURE 5. THREAT OF NEW ENTRANTS

FIGURE 6. DENMARK TRAVEL INSURANCE MARKET VALUE, BY AGE, 2024-2030, (MILLION USD)

FIGURE 7. MILLENNIALS, MARKET VALUE, 2024-2030, (MILLION USD)

FIGURE 8. GENERATION X, MARKET VALUE, 2024-2030, (MILLION USD)

FIGURE 9. BABY BOOMERS, MARKET VALUE, 2024-2030, (MILLION USD)

FIGURE 10. DENMARK TRAVEL INSURANCE MARKET VALUE, BY INCOME LEVEL, 2024-2030, (MILLION USD)

FIGURE 11. LOW-INCOME TRAVELERS, MARKET VALUE, 2024-2030, (MILLION USD)

FIGURE 12. MIDDLE-INCOME TRAVELERS, MARKET VALUE, 2024-2030, (MILLION USD)

FIGURE 13. HIGH-INCOME TRAVELERS, MARKET VALUE, 2024-2030, (MILLION USD)

FIGURE 14. DENMARK TRAVEL INSURANCE MARKET VALUE, BY COVERAGE, 2024-2030, (MILLION USD)

FIGURE 15. MEDICAL COVERAGE, MARKET VALUE, 2024-2030, (MILLION USD)

FIGURE 16. TRIP CANCELLATION COVERAGE, MARKET VALUE, 2024-2030, (MILLION USD)

FIGURE 17. BAGGAGE AND PERSONAL BELONGINGS COVERAGE, MARKET VALUE, 2024-2030, (MILLION USD)

FIGURE 18. ACCIDENTAL DEATH AND DISMEMBERMENT (AD&D) COVERAGE, MARKET VALUE, 2024-2030, (MILLION USD)

FIGURE 19. DENMARK TRAVEL INSURANCE MARKET VALUE, BY DAYS OF COVERAGE, 2024-2030, (MILLION USD)

FIGURE 20. SHORT-TRIP INSURANCE, MARKET VALUE, 2024-2030, (MILLION USD)

FIGURE 21. STANDARD TRIP INSURANCE, MARKET VALUE, 2024-2030, (MILLION USD)

FIGURE 22. EXTENDED TRIP INSURANCE, MARKET VALUE, 2024-2030, (MILLION USD)

FIGURE 23. MULTI-TRIP INSURANCE, MARKET VALUE, 2024-2030, (MILLION USD)

FIGURE 24. DENMARK TRAVEL INSURANCE MARKET VALUE, BY END USER, 2024-2030, (MILLION USD)

FIGURE 25. PILGRIM TRAVELERS, MARKET VALUE, 2024-2030, (MILLION USD)

FIGURE 26. EDUCATION TRAVELERS, MARKET VALUE, 2024-2030, (MILLION USD)

FIGURE 27. BUSINESS TRAVELERS, MARKET VALUE, 2024-2030, (MILLION USD)

FIGURE 28. FAMILY TRAVELERS, MARKET VALUE, 2024-2030, (MILLION USD)

FIGURE 29. DENMARK TRAVEL INSURANCE MARKET VALUE, BY DISTRIBUTIONAL CHANNEL, 2024-2030, (MILLION USD)

FIGURE 30. INSURANCE COMPANIES, MARKET VALUE, 2024-2030, (MILLION USD)

FIGURE 31. BANKS, MARKET VALUE, 2024-2030, (MILLION USD)

FIGURE 32. AIRLINES, MARKET VALUE, 2024-2030, (MILLION USD)

FIGURE 33. ONLINE PLATFORMS, MARKET VALUE, 2024-2030, (MILLION USD)

FIGURE 34. TRAVEL AGENTS AND TOUR OPERATORS, MARKET VALUE, 2024-2030, (MILLION USD)

FIGURE 35. GOUDA (GJENSIDIGE FORSIKRING ASA): NET SALES, (2022-2024)

FIGURE 36. GOUDA (GJENSIDIGE FORSIKRING ASA): PRIMARY MARKET COMPETITORS

FIGURE 37. IF SKADEFORSAKRING AB: NET SALES, (2022-2024)

FIGURE 38. IF SKADEFORSAKRING AB: PRIMARY MARKET COMPETITORS

FIGURE 39. EUROPæISKE ERV: NET SALES, (2022-2024)

FIGURE 40. EUROPæISKE ERV: PRIMARY MARKET COMPETITORS

FIGURE 41. ALM. BRAND: NET SALES, (2022-2024)

FIGURE 42. ALM. BRAND: PRIMARY MARKET COMPETITORS

FIGURE 43. CODAN FORSIKRING: NET SALES, (2022-2024)

FIGURE 44. CODAN FORSIKRING: PRIMARY MARKET COMPETITORS

FIGURE 45. ALKA INSURANCE (TRYG FORSIKRING A/S): NET SALES, (2022-2024)

FIGURE 46. ALKA INSURANCE (TRYG FORSIKRING A/S): PRIMARY MARKET COMPETITORS

FIGURE 47. GF INSURANCE: NET SALES, (2022-2024)

FIGURE 48. GF INSURANCE: PRIMARY MARKET COMPETITORS

FIGURE 49. TRYG FORSIKRING A/S: NET SALES, (2022-2024)

FIGURE 50. TRYG FORSIKRING A/S: PRIMARY MARKET COMPETITORS

FIGURE 51. TOPDANMARK INSURANCE A/S: NET SALES, (2022-2024)

FIGURE 52. TOPDANMARK INSURANCE A/S: PRIMARY MARKET COMPETITORS

FIGURE 53. BAUTA INSURANCE (LB FORSIKRING A/S): NET SALES, (2022-2024)

FIGURE 54. BAUTA INSURANCE (LB FORSIKRING A/S): PRIMARY MARKET COMPETITOR

At Next Move Strategy Consulting, we understand that insightful market research is the cornerstone of successful business decisions. That's why we employ a robust and multifaceted approach, combining various methodologies to deliver the most accurate and actionable data for our clients.

Research Landscape

We navigate the world of research with two primary approaches:

Qualitative Approach

Our qualitative research methodologies involve immersive techniques such as in-depth interviews, focus groups, and observational studies. By engaging directly with individuals and stakeholders, we uncover valuable insights that quantitative data alone may overlook.

Quantitative Research

In tandem with qualitative methodologies, NMSC leverages the power of Quantitative Research to provide a robust foundation of numerical insights. Through systematic data collection and analysis, we quantify patterns, preferences, and market trends, offering a comprehensive view of the business landscape.

Our quantitative research approach employs diverse tools, including surveys, experiments, and statistical modelling. These methodologies enable us to gather data from a large and representative sample, ensuring the statistical significance of our findings. By employing structured questionnaires and standardized data collection methods, we guarantee the reliability and validity of the information we present to our clients.

Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.

Our Specialized Toolbox for Industry-Specific Market Research

We deploy a specialized arsenal of techniques tailored to meet your unique requirements. Here's a glimpse into our comprehensive toolbox:

Information Procurement

The stage entails acquiring market data or relevant information through various sources and methodologies.

Market Research Approach

We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.

Porters Five Forces Analysis

We conduct Porter's Five Forces analysis to evaluate the competitive landscape of an industry, providing us with insights into factors that affect profitability and strategic positioning.

SWOT Analysis

We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.

Forecasting

We utilize a forecasting model to predict future consumption by considering parameters like population, economics, regulations, market competition, drivers, constraints, technology, and pricing. We also employ statistical techniques such as multilinear regression, exponential smoothing, moving average, ARIMA, and Monte Carlo simulations for accurate predictions. In econometric forecasting, we analyzed short-term and long-term event impacts, attributing values based on regulatory frameworks, economic factors, and market events.

Frequently Asked Questions

Travel insurance policies vary, but common coverage includes trip cancellation or interruption, medical expenses, emergency medical evacuation, lost or delayed luggage, travel delays, and assistance services such as 24/7 emergency assistance hotlines.

Regulatory challenges such as diverse and complex regulations imposed by governmental authorities across county restrain the growth of the market.

According to Next Move Strategy Consulting, North America is the dominant region in the travel insurance market.

By age group, millennials are the dominant segment in the Denmark travel insurance market.

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Trending Report

Denmark Travel Insurance Market

Market Overview

The Growing Number of Online Platforms for Travel Insurance Fuels Market Growth in Denmark

Increased Marketing and Consumer Awareness Drive Demand in Denmark

Perceived High Costs of Travel Insurance Limit Market Expansion in Denmark

Blockchain Technology Offers Strong Growth Potential for Denmark’s Travel Insurance Sector

Competitive Landscape

Denmark Travel Insurance Market Key Segments

By Age

By Income Level

By Coverage

By Days of Coverage

By End User

By Distributional Channel

Qualitative Approach

Our Specialized Toolbox for Industry-Specific Market Research

Information Procurement

Market Research Approach

Porters Five Forces Analysis

SWOT Analysis

Forecasting

Frequently Asked Questions

Download Free Sample

Our Clients

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Trending Report

Denmark Travel Insurance Market

Market Overview

The Growing Number of Online Platforms for Travel Insurance Fuels Market Growth in Denmark

Increased Marketing and Consumer Awareness Drive Demand in Denmark

Perceived High Costs of Travel Insurance Limit Market Expansion in Denmark

Blockchain Technology Offers Strong Growth Potential for Denmark’s Travel Insurance Sector

Competitive Landscape

Denmark Travel Insurance Market Key Segments

By Age

By Income Level

By Coverage

By Days of Coverage

By End User

By Distributional Channel

Qualitative Approach

Our Specialized Toolbox for Industry-Specific Market Research

Information Procurement

Market Research Approach

Porters Five Forces Analysis

SWOT Analysis

Forecasting

Frequently Asked Questions

What does travel insurance typically cover?

What are the key challenges faced by the Denmark travel insurance market?

Which is the dominating region in the Denmark travel insurance market?

What are the key players operating in the Denmark travel insurance market?

What age group tends to have the largest presence in the Denmark travel insurance market?

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Our Clients

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