Canada Travel Insurance Market Size & Outlook, 2024-2030

The travel insurance market in Canada is expected to reach a projected revenue of US$ 2,166.4 million by 2030. A compound annual growth rate of 18.5% is expected of Canada travel insurance market from 2025 to 2030.
Revenue, 2024 (US$M)
$784.3
Forecast, 2030 (US$M)
$2,166.4
CAGR, 2025 - 2030
18.5%
Report Coverage
Canada

Canada travel insurance market highlights

  • The Canada travel insurance market generated a revenue of USD 784.3 million in 2024 and is expected to reach USD 2,166.4 million by 2030.
  • The Canada market is expected to grow at a CAGR of 18.5% 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 2024USD 784.3 million
Market revenue in 2030USD 2,166.4 million
Growth rate18.5% (CAGR from 2025 to 2030)
Largest segmentSingle-trip travel insurance
Fastest growing segmentSingle-trip Travel Insurance
Historical data2018 - 2023
Base year2024
Forecast period2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSingle-trip Travel Insurance, Annual Multi-trip Travel Insurance, Long-stay Travel Insurance
Key market players worldwideAllianz 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, Canada 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 North America, U.S. travel insurance market is projected to lead the regional market in terms of revenue in 2030.
  • Canada is the fastest growing regional market in North America and is projected to reach USD 2,166.4 million by 2030.

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Travel Insurance Market Companies

Name Profile # Employees HQ Website

Canada 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 60.51% in 2024. Horizon Databook has segmented the Canada 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.


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Target buyers of Canada travel insurance market databook

  • Our clientele includes a mix of travel insurance market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada travel insurance market, including forecasts for subscribers. This country databook contains high-level insights into Canada travel insurance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Canada travel insurance market report size, by insurance coverage, 2018-2030 (US$M)

Canada Travel Insurance Market Share, 2024 & 2030 (US$M)

Canada travel insurance market report size, by insurance coverage, 2018-2030 (US$M)

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