Saudi Arabia Travel Insurance Market, 2025-2030
The travel insurance market in Saudi Arabia is expected to reach a projected revenue of US$ 1,840.7 million by 2030. A compound annual growth rate of 15.3% is expected of Saudi Arabia travel insurance market from 2025 to 2030.
Revenue, 2024 (US$M)
$783.9
Forecast, 2030 (US$M)
$1,840.7
CAGR, 2025 - 2030
15.3%
Report Coverage
Saudi Arabia
Global Market
Related Markets
Saudi Arabia travel insurance market highlights
- The Saudi Arabia travel insurance market generated a revenue of USD 783.9 million in 2024 and is expected to reach USD 1,840.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 15.3% from 2025 to 2030.
- In terms of segment, single-trip travel insurance was the largest revenue generating insurance coverage in 2024.
- Single-trip Travel Insurance is the most lucrative insurance coverage segment registering the fastest growth during the forecast period.
Travel insurance market data book summary
| Market revenue in 2024 | USD 783.9 million |
| Market revenue in 2030 | USD 1,840.7 million |
| Growth rate | 15.3% (CAGR from 2025 to 2030) |
| Largest segment | Single-trip travel insurance |
| Fastest growing segment | Single-trip Travel Insurance |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single-trip Travel Insurance, Annual Multi-trip Travel Insurance, Long-stay Travel Insurance |
| Key market players worldwide | Allianz SE, American International Group Inc, AXA SA, Assicurazioni Generali, USI Insurance Services, battleface, Seven Corners, Travel Insured International, Zurich Insurance Group AG, Ping An Insurance (Group) Co. of China Ltd ADR, InsureandGo, EbixCash World Money |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 2.9% of the global travel insurance market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia travel insurance market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,022.7 million by 2030.
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Publish Date: Dec 10, 2024
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Travel Insurance Market Report
Travel insurance market report segmentation & scope
Travel Insurance Market Report Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Zurich Insurance Group AG | View profile | 59,593 | Mythenquai 2, Corporate Center, Zurich, Switzerland, 8002 | www.zurich.com |
| Assicurazioni Generali | View profile | 82,000 | Piazza Duca degli Abruzzi, 2, Trieste, Italy, 34132 | www.generali.com |
| Allianz SE | View profile | 154,862 | Koniginstrasse 28, Munich, BY, Germany, 80802 | www.allianz.com |
| AXA SA | View profile | 110,302 | 25, Avenue Matignon, Paris, France, 75008 | www.axa.com |
| American International Group Inc | View profile | 25,200 | 1271 Avenue of the Americas, New York, NY, United States, 10020 | www.aig.com |
| USI Insurance Services | View profile | 10001+ | Valhalla, New York, United States, North America | www.usi.com/ |
| battleface | View profile | 51-100 | Columbus, Ohio, United States, North America | www.battleface.com |
| Seven Corners | View profile | 101-250 | Carmel, Indiana, United States, North America | www.sevencorners.com |
| Travel Insured International | View profile | 101-250 | Glastonbury, Connecticut, United States, North America | travelinsured.com |
| Ping An Insurance (Group) Co. of China Ltd ADR | View profile | 288,751 | 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 | www.pingan.cn |
Saudi Arabia travel insurance market report
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 61.69% in 2024.
Horizon Databook has segmented the Saudi Arabia 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.
- Saudi Arabia Travel Insurance Market Insurance Coverage Outlook (Revenue, USD Million , 2018-2030)
- Single-trip Travel Insurance
- Annual Multi-trip Travel Insurance
- Long-stay Travel Insurance
- Saudi Arabia Travel Insurance Market Distribution Channel Outlook (Revenue, USD Million , 2018-2030)
- Insurance Intermediaries
- Insurance Companies
- Banks
- Insurance Brokers
- Insurance Aggregators
- Saudi Arabia Travel Insurance Market End-Users Outlook (Revenue, USD Million , 2018-2030)
- Education Travelers
- Business Travelers
- Senior Citizens
- Family Travelers
- Others
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Saudi Arabia Travel Insurance Market, 2018-2030 (US$M)
Saudi Arabia travel insurance market report statistics, by insurance coverage, 2018-2030 (US$M)
