What is the global market size of Travel Insurance Market?

Travel Insurance Market size was valued at USD 17.8 billion in 2021 and is poised to grow from USD 20.32 billion in 2022 to USD 63.9 billion by 2030, growing at a CAGR of 15.4% in the forecast period (2023-2030).

Travel Insurance Companies

Travel Insurance Market Competitive Landscape

Travel Insurance Market Top Player’s Company Profiles

Allianz SE
American International Group, Inc.
Munich Reinsurance America, Inc.
AXA
Aviva PLC
Zurich Insurance Group
Generali Group
Travelex Insurance Services
Atlas Travel Insurance Services Ltd.
Saga Plc
Bajaj Finserv Limited
China Pacific Life Insurance Co., Ltd.
Prudential Financial, Inc.
USI Insurance Services, LLC
Seven Corners Inc.
Travel Safe Insurance
PassportCard
Trailfinders Ltd.
Staysure
Insurefor.com

Travel Insurance Market

FAQs

Travel Insurance Market size was valued at USD 20.32 Billion in 2023 and is poised to grow from USD 23.45 Billion in 2024 to USD 73.74 Billion by 2032, growing at a CAGR of 15.4% during the forecast period (2025-2032).

The Travel Insurance market is relatively fragmented, with a high level of competition. Few large players, like American International Group Inc., Berkshire Hathaway Specialty Insurance, and HanseMerkur Insurance Group, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Allianz SE ', 'American International Group, Inc. ', 'Munich Reinsurance America, Inc. ', 'AXA ', 'Aviva PLC ', 'Zurich Insurance Group ', 'Generali Group ', 'Travelex Insurance Services ', 'Atlas Travel Insurance Services Ltd. ', 'Saga Plc ', 'Bajaj Finserv Limited ', 'China Pacific Life Insurance Co., Ltd. ', 'Prudential Financial, Inc. ', 'USI Insurance Services, LLC ', 'Seven Corners Inc. ', 'Travel Safe Insurance ', 'PassportCard ', 'Trailfinders Ltd. ', 'Staysure ', 'Insurefor.com'

The levitation of global tourism is one of the major reasons for the growth of the travel insurance market. Growing tourism due to increasing not reusable income, and holiday trip promotion by tour & traveling companies are some of the explanations. With increasing accidents due to natural calamities, the risk of losing luggage and medical emergencies are factors that will propel the need for the travel insurance market during the analysis period.

The travel insurance market tends to grow due to various government strategies to boost the demand for the leisure industry and corporates increasing to provide travel assurance to their employees on business tours, to ensure their safety will push the growth of the travel insurance market during the analysis period.

In the year 2021, Europe held a major share in the travel insurance market and is anticipated to grow at the same rate. The increasing tourism and roving activity in the region due to administration schemes to improve tourism had a major impact on the growth of the travel insurance market. The Asia Pacific is anticipated to record exceptional progress during the analysis period. Growing income, vacation planning, and improving economic conditions ask for tourism throughout the region and will have a positive impact on the travel insurance market growth during the prediction period.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Travel Insurance Market Size, Share, Growth Analysis, By Coverage Type, By Product Type, By Distribution Channel, By End User, By Region - Industry Forecast 2025-2032

Travel Insurance Market Competitive Landscape

Travel Insurance Market Report Snapshots

Want to customize this report?

FAQs

Request Free Customization

Feedback From Our Clients

$5,300

Travel Insurance Market Size, Share, Growth Analysis, By Coverage Type, By Product Type, By Distribution Channel, By End User, By Region - Industry Forecast 2025-2032

Travel Insurance Market Competitive Landscape

Travel Insurance Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Travel Insurance Market?

Who are the key vendors in the Travel Insurance Market?

What is the key driver of Travel Insurance Market?

What is the key market trend for Travel Insurance Market?

Which region accounted for the largest share in Travel Insurance Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300