South Africa Travel Insurance Market Size & Outlook

The travel insurance market in South Africa is expected to reach a projected revenue of US$ 1,022.7 million by 2030. A compound annual growth rate of 16.3% is expected of South Africa travel insurance market from 2025 to 2030.
Revenue, 2024 (US$M)
$412.9
Forecast, 2030 (US$M)
$1,022.7
CAGR, 2025 - 2030
16.3%
Report Coverage
South Africa

South Africa travel insurance market highlights

  • The South Africa travel insurance market generated a revenue of USD 412.9 million in 2024 and is expected to reach USD 1,022.7 million by 2030.
  • The South Africa market is expected to grow at a CAGR of 16.3% 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 2024USD 412.9 million
Market revenue in 2030USD 1,022.7 million
Growth rate16.3% (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, South Africa accounted for 1.5% 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.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

Travel Insurance Market Companies

Name Profile # Employees HQ Website

South Africa 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 61.69% in 2024. Horizon Databook has segmented the South Africa 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.


Reasons to subscribe to South Africa travel insurance market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of South Africa travel insurance market databook

  • Our clientele includes a mix of travel insurance market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the South Africa travel insurance market, including forecasts for subscribers. This country databook contains high-level insights into South Africa travel insurance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

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

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

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

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more