UK Travel Insurance Market Size & Outlook, 2022-2030

The travel insurance market in UK is expected to reach a projected revenue of US$ 4,507.0 million by 2030. A compound annual growth rate of 13.7% is expected of UK travel insurance market from 2023 to 2030.
Revenue, 2022 (US$M)
$1,612.0
Forecast, 2030 (US$M)
$4,507.0
CAGR, 2023 - 2030
13.7%
Report Coverage
UK

UK travel insurance market highlights

  • The UK travel insurance market generated a revenue of USD 1,612.0 million in 2022 and is expected to reach USD 4,507.0 million by 2030.
  • The UK market is expected to grow at a CAGR of 13.7% from 2023 to 2030.
  • In terms of segment, single-trip travel insurance was the largest revenue generating insurance coverage in 2022.
  • 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 2022USD 1,612.0 million
Market revenue in 2030USD 4,507.0 million
Growth rate13.7% (CAGR from 2022 to 2030)
Largest segmentSingle-trip travel insurance
Fastest growing segmentSingle-trip Travel Insurance
Historical data2017 - 2021
Base year2022
Forecast period2023 - 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, UK accounted for 7.9% of the global travel insurance market in 2022.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Europe, UK travel insurance market is projected to lead the regional market in terms of revenue in 2030.
  • France is the fastest growing regional market in Europe and is projected to reach USD 4,177.4 million by 2030.

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Travel Insurance Market Companies

Name Profile # Employees HQ Website

UK 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 59.89% in 2022. Horizon Databook has segmented the UK 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 2017 to 2030.


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Target buyers of UK 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.).
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Horizon Databook provides a detailed overview of country-level data and insights on the UK travel insurance market, including forecasts for subscribers. This country databook contains high-level insights into UK travel insurance market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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UK travel insurance market report size, by insurance coverage, 2017-2030 (US$M)

UK Travel Insurance Market Share, 2022 & 2030 (US$M)

UK travel insurance market report size, by insurance coverage, 2017-2030 (US$M)

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