Global Travel Insurance Market Size & Outlook, 2024-2030
Global travel insurance market, 2018-2030 (US$M)
Related Markets
Global travel insurance market highlights
- The global travel insurance market generated a revenue of USD 27,048.2 million in 2024 and is expected to reach USD 63,874.8 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 15.4% by 2030.
- In terms of segment, single-trip travel insurance accounted for a revenue of USD 16,521.6 million in 2024.
- Single-trip Travel Insurance is the most lucrative insurance coverage segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 27,048.2 million |
| Market revenue in 2030 | USD 63,874.8 million |
| Growth rate | 15.4% (CAGR from 2025 to 2030) |
| Largest segment | Single-trip travel insurance |
| Fastest growing segment | Single-trip Travel Insurance |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single-trip Travel Insurance, Annual Multi-trip Travel Insurance, Long-stay Travel Insurance |
Other key industry trends
- In terms of revenue, the North America accounted for 19.8% of the global travel insurance market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 3,764.6 million by 2030.
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Travel Insurance Market Scope
Travel Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| EbixCash World Money | View profile | 101-250 | Mumbai, Maharashtra, India, Asia | https://www.buyforex.com |
| InsureandGo | View profile | 101-250 | Southend-on-sea, Southend-on-Sea, United Kingdom, Europe | https://www.insureandgo.com |
| Ping An Insurance (Group) Co. of China Ltd ADR | View profile | 288751 | No. 5033 Yitian Road, Ping An Finance Center, 47th, 48th, 109th, 110th, 111th and 112th Floors, Futian District, Guangdong Province, Shenzhen, China, People's Republic of, 518033 | https://www.pingan.cn |
| Travel Insured International | View profile | 101-250 | Glastonbury, Connecticut, United States, North America | http://travelinsured.com |
| Seven Corners | View profile | 101-250 | Carmel, Indiana, United States, North America | https://www.sevencorners.com |
| battleface | View profile | 51-100 | Columbus, Ohio, United States, North America | https://www.battleface.com |
| USI Insurance Services | View profile | 10001+ | Valhalla, New York, United States, North America | https://www.usi.com/ |
| American International Group Inc | View profile | 25200 | 1271 Avenue of the Americas, New York, NY, United States, 10020 | https://www.aig.com |
| AXA SA | View profile | 110302 | 25, Avenue Matignon, Paris, France, 75008 | https://www.axa.com |
| Allianz SE | View profile | 154862 | Koniginstrasse 28, Munich, BY, Germany, 80802 | https://www.allianz.com |
| Assicurazioni Generali | View profile | 82000 | Piazza Duca degli Abruzzi, 2, Trieste, Italy, 34132 | https://www.generali.com |
| Zurich Insurance Group AG | View profile | 59593 | Mythenquai 2, Corporate Center, Zurich, Switzerland, 8002 | https://www.zurich.com |
Global travel insurance market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to travel insurance market will help companies and investors design strategic landscapes.
Single-trip travel insurance was the largest segment with a revenue share of 61.08% in 2024. Horizon Databook has segmented the Global travel insurance market based on single-trip travel insurance, annual multi-trip travel insurance, long-stay travel insurance covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Travel Insurance Insurance Coverage Outlook (Revenue, USD Million, 2018-2030)
- Long-stay Travel Insurance
- Single-trip Travel Insurance
- Annual Multi-trip Travel Insurance
- Global Travel Insurance Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Insurance Intermediaries
- Insurance Aggregators
- Insurance Companies
- Banks
- Insurance Brokers
- Global Travel Insurance End-Users Outlook (Revenue, USD Million, 2018-2030)
- Education Travelers
- Family Travelers
- Others
- Business Travelers
- Senior Citizens
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Horizon Databook provides a detailed overview of global-level data and insights on the Global travel insurance market, including forecasts for subscribers. This global databook contains high-level insights into Global travel insurance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Travel insurance market: Opportunity assessment by country
Global travel insurance market, by region, 2024 (US$M)
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