Single Trip Travel Insurance Market Size and Competitive Analysis till 2031
Historic Data: 2021-2023 | Base Year: 2024 | Forecast Period: 2025-2031Coverage: Single Trip Travel Insurance Market covers analysis Coverage Type (Medical Contingencies, Personal Accident Liability, Loss of Personal Belongings, Loss of Passport, Trip Interruptions, Cancellations, and Others), Distribution Channel (Direct Sales and Distribution Through Agents or Brokers); and Geography
- Report Date : Oct 2025
- Report Code : TIPRE00039224
- Category : Banking, Financial Services, and Insurance
- Status : Upcoming
- Available Report Formats :
- No. of Pages : 150
AI overview of Single Trip Travel Insurance Market
The Single Trip Travel Insurance Market is poised for significant growth, with a projected market size reaching US$ XX million by 2031, reflecting a robust CAGR of 9.6% from 2025 to 2031. This market, which encompasses various coverage types such as medical contingencies and trip cancellations, is driven by increasing regulatory requirements and a rise in travel frequency. Historical data from 2021 to 2023 indicates a strong foundation for this growth. Additionally, emerging trends like the adoption of digital platforms and personalized insurance plans are shaping the future landscape of the Single Trip Travel Insurance Market. As travelers seek more tailored solutions, the market share for innovative insurance products is expected to expand, making this an exciting area for investment and development.
The Single Trip Travel Insurance Market is expected to register a CAGR of 9.6% during 2023–2031. Digital platforms and short-term insurance solutions are likely to remain key trends in the market.
Single Trip Travel Insurance Market Analysis
Overseas journeys are typically prone to bank-breaking occurrences such as aircraft cancellation, missed or misplaced baggage, emergency hospitalizations, etc.; thus, insuring the trip with a single trip travel insurance is most vital even in a once-in-a-lifetime visit to a distant nation. Single trip travel insurance has a lower rate as compared to multi-trip coverage. These can also be customized based on destination-specific needs.
Single Trip Travel Insurance Market Overview
As the name suggests, a single-trip insurance plan is a form of travel insurance policy that only covers one trip. The plan's coverage begins and concludes with the trip itself. Once the user arrives at their return destination, the plan's coverage ends.
Customize This Report To Suit Your Requirement
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Single Trip Travel Insurance Market: Strategic Insights
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Single Trip Travel Insurance Market: Strategic Insights
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Single Trip Travel Insurance Market Drivers and Opportunities
Rising Frequency of Travellers to Favor Market
Tourism has expanded dramatically in recent decades. Aviation has expanded domestic and international travel opportunities. Prior to the COVID-19 pandemic, the number of overseas visits has more than doubled since 2000. Tourism may benefit both tourists and the inhabitants of the nations they visit. International tourism is expected to regain about 90% of pre-pandemic levels by the end of the year. According to the most recent data from the World Tourism Organization (UNWTO), an expected 975 million tourists travelled abroad between January and September 2023, a 38% increase over the same months in 2022. This rise in tourism and the number of travellers is driving the demand for single trip travel insurance in the market globally.
Personalized Insurance Plans
The travel insurance industry is about to undergo a shift as a result of advances in artificial intelligence. Personalized insurance coverage is becoming increasingly important as travel becomes more diverse and frequent. Artificial intelligence is optimizing processes and improving customer experience in areas such as insurance claim processing and underwriting. Personalization benefits with exceptional elegance in travel insurance. The generic approach is diminishing as travellers seek coverage that is tailored to their unique risks and interests. AI's data analysis and prediction capabilities enable insurers to offer highly tailored plans.
Single Trip Travel Insurance Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Single Trip Travel Insurance Market analysis are coverage type and distribution channel.
- Based on coverage type, the single-trip travel insurance market is divided into medical contingencies, personal accident liability, loss of personal belongings, loss of passport, trip interruptions, cancellations, and others. The personal accident liability segment held a larger market share in 2023.
- By distribution channel, the market is segmented into direct sales and distribution through agents or brokers.
Single Trip Travel Insurance Market Share Analysis by Geography
The geographic scope of the single trip travel insurance market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America held a significant share of the market. The region has a well-developed insurance market and better insurance literacy. The region has a large share of the urban population with high income and financial soundness to invest in insuring travel.
Single Trip Travel Insurance Market Regional Insights
The regional trends and factors influencing the Single Trip Travel Insurance Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Single Trip Travel Insurance Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
Single Trip Travel Insurance Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ XX million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2025 - 2031) | 9.6% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Coverage Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Single Trip Travel Insurance Market Players Density: Understanding Its Impact on Business Dynamics
The Single Trip Travel Insurance Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
- Get the Single Trip Travel Insurance Market top key players overview
Single Trip Travel Insurance Market News and Recent Developments
The single trip travel insurance market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the single trip travel insurance market are listed below:
- Travelex Insurance Services announced the addition of Cancel for Any Reason coverage as an upgrade to the Travel Select plan, giving travellers the assurance to book travel as they return to vacationing in 2021. (Source: Travelex, Press Release, 2021)
Single Trip Travel Insurance Market Report Coverage and Deliverables
The “Single Trip Travel Insurance Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Single trip travel insurance market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Single trip travel insurance market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Single trip travel insurance market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the single trip travel insurance market
- Detailed company profiles
Frequently Asked Questions
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Recent Reports
Related Reports
Testimonials
I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.
DR CHIJIOKE ONYIA MANAGING DIRECTOR, PineCrest Healthcare Ltd.
The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services
YUKIHIKO ADACHI CEO, Deep Blue, LLC.
We worked with The Insight Partners for an important market study and forecast. They gave us clear insights into opportunities and risks, which helped shape our plans. Their research was easy to use and based on solid data. It helped us make smart, confident decisions. We highly recommend them.
PIYUSH NAGPAL Sr. Vice President, High Beam Global
I requested a report on a very specific software market and the team produced the report in a few days. The information was very relevant and well presented. I then requested some changes and additions to the report. The team was again very responsive and I got the final report in less than a week.
Jean-Herve Jenn Chairman, Future Analytica
This is the first time I have purchased a market report from The Insight Partners.While I was unsure at first, I visited their web site and felt more comfortable to take the risk and purchase a market report.I am completely satisfied with the quality of the report and customer service. I had several questions and comments with the initial report, but after a couple of dialogs over email with their analyst I believe I have a report that I can use as input to our strategic planning process.Thank you so much for taking the extra time and making this a positive experience.I will definitely recommend your service to others and you will be my first call when we need further market data.
John Suzuki President and Chief Executive Officer, Board Director, BK TechnologiesReason to Buy
- Informed Decision-Making
- Understanding Market Dynamics
- Competitive Analysis
- Identifying Emerging Markets
- Customer Insights
- Market Forecasts
- Risk Mitigation
- Boosting Operational Efficiency
- Strategic Planning
- Investment Justification
- Tracking Industry Innovations
- Aligning with Regulatory Trends
Yes! We provide a free sample of the report, which includes Report Scope (Table of Contents), report structure, and selected insights to help you assess the value of the full report. Please click on the "Download Sample" button or contact us to receive your copy.
Absolutely — analyst assistance is part of the package. You can connect with our analyst post-purchase to clarify report insights, methodology or discuss how the findings apply to your business needs.
Once your order is successfully placed, you will receive a confirmation email along with your invoice.
• For published reports: You’ll receive access to the report within 4–6 working hours via a secured email sent to your email.
• For upcoming reports: Your order will be recorded as a pre-booking. Our team will share the estimated release date and keep you informed of any updates. As soon as the report is published, it will be delivered to your registered email.
We offer customization options to align the report with your specific objectives. Whether you need deeper insights into a particular region, industry segment, competitor analysis, or data cut, our research team can tailor the report accordingly. Please share your requirements with us, and we’ll be happy to provide a customized proposal or scope.
The report is available in either PDF format or as an Excel dataset, depending on the license you choose.
The PDF version provides the full analysis and visuals in a ready-to-read format. The Excel dataset includes all underlying data tables for easy manipulation and further analysis.
Please review the license options at checkout or contact us to confirm which formats are included with your purchase.
Our payment process is fully secure and PCI-DSS compliant.
We use trusted and encrypted payment gateways to ensure that all transactions are protected with industry-standard SSL encryption. Your payment details are never stored on our servers and are handled securely by certified third-party processors.
You can make your purchase with confidence, knowing your personal and financial information is safe with us.
Yes, we do offer special pricing for bulk purchases.
If you're interested in purchasing multiple reports, we’re happy to provide a customized bundle offer or volume-based discount tailored to your needs. Please contact our sales team with the list of reports you’re considering, and we’ll share a personalized quote.
Yes, absolutely.
Our team is available to help you make an informed decision. Whether you have questions about the report’s scope, methodology, customization options, or which license suits you best, we’re here to assist. Please reach out to us at sales@theinsightpartners.com, and one of our representatives will get in touch promptly.
Yes, a billing invoice will be automatically generated and sent to your registered email upon successful completion of your purchase.
If you need the invoice in a specific format or require additional details (such as company name, GST, or VAT information), feel free to contact us, and we’ll be happy to assist.
Yes, certainly.
If you encounter any difficulties accessing or receiving your report, our support team is ready to assist you. Simply reach out to us via email or live chat with your order information, and we’ll ensure the issue is resolved quickly so you can access your report without interruption.
Get Free Sample For