Latest Market Research Reports

  Travel Insurance Industry The global  travel insurance market  size was estimated at USD 27.05 billion in 2024 and is projected to grow at a CAGR of 15.4% from 2025 to 2030. The growth of the market can be attributed to the growing popularity of travel and tourism and the subsequent awareness about buying dedicated insurance coverage covering various unforeseen events, such as flight delays, loss of luggage and other personal effects, and cancellation of trips, occurring while traveling. Furthermore, the adoption of travel insurance is gaining traction as advances in technology are allowing to bundle travel insurance purchases with online ticket booking, thereby contributing to the growth of the market. Several insurance companies across the globe are striking partnerships with other insurance companies to launch travel insurance policies and provide comprehensive coverage at competitive rates. For instance, in October 2023, Trawick International, an insurance company, ...

  Travel Insurance Industry The global  travel insurance market  size is estimated to reach USD 63.87 billion by 2030, expanding at a CAGR of 15.4% from 2025 to 2030, according to a new report by Grand View Research, Inc. The demand for travel insurance is poised to skyrocket on the account of growth in the tourism industry due to the factors such as easy internet travel bookings, extensive media coverage of various holiday types, an increase in disposable income, and enhanced package holidays. The increasing adoption of various technological advancements, such as AI-based applications, the usage of Big Data, and Blockchain, is expected to create growth opportunities for travel providers in the global market. Moreover, the travel insurance market is witnessing a rise in popularity owing to benefits such as COVID-19 medical coverage, and 24/7 emergency services. Many industries across the world were severely impacted due to the COVID-19 pandemic. However, the travel i...

  Travel Insurance Industry Overview The global travel insurance market size was valued at USD 17.8 billion in 2021 and is expected to grow at a CAGR of 15.4% from 2022 to 2030. Factors such as the rising demand for tourism and technological development are driving the demand for the travel insurance market. Additionally, the increasing travel laws and regulations by the government for travelers and travel insurance providers are fueling the demand for travel insurance worldwide. Gather more insights about the market drivers, restrains and growth of the   Travel Insurance Market The outbreak of coronavirus had an adverse impact on the travel insurance market. In 2020, the pandemic had a significant impact on the worldwide travel and transportation sector, resulting in a travel disruption. On the other hand, the travel insurance market experienced growth due to the increased demand for travel protection and medical insurance while traveling during the post-pandemic. In May 2020...