Global Travel Insurance Market Size & Outlook, 2024-2030
Global travel insurance market, 2018-2030 (US$M)
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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 |
|---|
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)
- Single-trip Travel Insurance
- Annual Multi-trip Travel Insurance
- Long-stay Travel Insurance
- Global Travel Insurance Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Insurance Intermediaries
- Insurance Companies
- Banks
- Insurance Brokers
- Insurance Aggregators
- Global Travel Insurance End-Users Outlook (Revenue, USD Million, 2018-2030)
- Education Travelers
- Business Travelers
- Senior Citizens
- Family Travelers
- Others
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Target buyers of Global travel insurance market databook
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Our clientele includes a mix of travel insurance market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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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Global travel insurance market report size, by regions, 2018-2030 (US$M)
Top 10 countries: Travel insurance market report size, 2024 (US$M)
Global travel insurance market report share, by insurance coverage, 2024 & 2030 (%, US$M)
Travel insurance market: Opportunity assessment by country
Global travel insurance market, by region, 2024 (US$M)
| Insurance Coverage | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 3,366.6 | 3,661.6 | 3,343.1 | 3,534.9 | 4,030.0 | 4,627.2 | 5,353.3 | 6,178.2 | 7,120.0 | 8,200.9 | 9,446.8 | 10,889.3 | 12,565.9 | 15.3% |
| Europe | 6,279.5 | 6,774.9 | 6,135.3 | 6,434.0 | 7,274.0 | 8,281.4 | 9,499.3 | 10,868.1 | 12,415.3 | 14,173.1 | 16,179.9 | 18,480.8 | 21,129.8 | 14.3% |
| Asia Pacific | 4,673.3 | 5,153.7 | 4,770.3 | 5,112.7 | 5,907.2 | 6,872.6 | 8,055.6 | 9,417.2 | 10,991.9 | 12,820.7 | 14,953.4 | 17,449.7 | 20,382.5 | 16.7% |
| Latin America | 854.7 | 931.1 | 851.4 | 901.6 | 1,029.3 | 1,183.4 | 1,370.8 | 1,583.9 | 1,827.4 | 2,106.9 | 2,429.3 | 2,802.7 | 3,236.8 | 15.4% |
| MEA | 1,724.6 | 1,878.8 | 1,718.2 | 1,819.7 | 2,078.0 | 2,389.7 | 2,769.1 | 3,200.8 | 3,694.5 | 4,261.9 | 4,916.9 | 5,676.2 | 6,560.0 | 15.5% |
| Overall | 16,898.6 | 18,400.0 | 16,818.2 | 17,802.9 | 20,318.6 | 23,354.3 | 27,048.2 | 31,248.1 | 36,049.0 | 41,563.5 | 47,926.2 | 55,298.7 | 63,874.8 | 15.4% |
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