Travel Insurance Market Expert Analysis by Size and Share 2031

Historic Data: 2021-2023 | Base Year: 2024 | Forecast Period: 2025-2031

Travel Insurance Market Size and Forecast (2021-2031), Global and Regional Share, Trends, and Growth Opportunity Analysis: by Insurance Coverage (Single-trip Travel Insurance, Annual Multi-trip Travel Insurance); End-user (Family Travelers, Education Travelers, Business Travelers, Senior Citizens, and Others); and Geography

Report Date : Dec 2025
Report Code : TIPRE00006771

Category : Banking, Financial Services, and Insurance
Status : Upcoming

Available Report Formats :
No. of Pages : 150

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Page Updated: Aug 2025

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The Travel Insurance Market is expected to register a CAGR of 20.0 % from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Billion by 2031.

The report is categorized by Insurance Coverage (Single-trip Travel Insurance, Annual Multi-trip Travel Insurance) and further analyzes the market based on End-user (Family Travelers, Education Travelers, Business Travelers, Senior Citizens). A comprehensive breakdown is provided at global, regional, and country levels for each of these key segments.

The report includes market size and forecasts across all segments, presenting values in USD. It also delivers key statistics on the current market status of leading players, along with insights into prevailing market trends and emerging opportunities.

Purpose of the Report

The report Travel Insurance Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Travel Insurance Market Segmentation

Insurance Coverage

Single-trip Travel Insurance
Annual Multi-trip Travel Insurance

End-user

Family Travelers
Education Travelers
Business Travelers
Senior Citizens

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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.

Travel Insurance Market Growth Drivers

Travel Insurance: Your Safety Net for Worry-Free Adventures
Protect Your Journey: Why Travel Insurance is Essential
Travel Smart: How Insurance Enhances Your Travel Experience

Travel Insurance Market Future Trends

Travel Insurance Demand Soars Post-Pandemic
Navigating New Horizons: Emerging Trends in Travel Insurance
Protecting Adventures: The Rise of Personalized Travel Insurance Plans

Travel Insurance Market Opportunities

Travel Insurance Market: Embracing Personalization for Peace of Mind
Tech Innovations Transforming Travel Insurance for a Safer Journey
Sustainable Travel Insurance: Protecting Adventures While Caring for the Planet

Travel Insurance Market Regional Insights

The regional trends and factors influencing the Travel Insurance Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Travel Insurance Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Travel Insurance Market Report Scope

Report Attribute	Details
Market size in 2024	US$ XX million
Market Size by 2031	US$ XX Billion
Global CAGR (2025 - 2031)	20.0 %
Historical Data	2021-2023
Forecast period	2025-2031
Segments Covered	By Insurance Coverage Single-trip Travel Insurance Annual Multi-trip Travel Insurance By End-user Family Travelers Education Travelers Business Travelers Senior Citizens
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Allianz Global Assistance(AGA Service Company) AXA SA American International Group, Inc. CSA Travel Protection DBA Generali Global Assistance and Insurance Services Insure and Go Insurance Services Limited Seven Corners Inc. Travelex Insurance Services Inc. TravelSafe Insurance Trip Mate, Inc. USI Affinity Travel Insurance Services

Travel Insurance Market Players Density: Understanding Its Impact on Business Dynamics

The 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 Travel Insurance Market top key players overview

Key Selling Points

Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Travel Insurance Market, providing a holistic landscape.
Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Travel Insurance Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

Frequently Asked Questions

What are the driving factors impacting the global travel insurance market?

The increasing demand for tourism and technological development are the major factors that propel the global travel insurance market.

What are the future trends of the global travel insurance market?

The growing adoption of multigenerational travel is anticipated to play a significant role in the global travel insurance market in the coming years.

Which are the key players holding the major market share of the travel insurance market?

The key players holding majority shares in the global travel insurance market are Travelex Insurance Services Inc.; Bajaj Allianz; IMT SERVICES, LLC; Aviva; AXA Assistance.

What is the estimated market CAGR for the global travel insurance market in 2023?

The global alternative data market is expected to grow at a CAGR of 20% during the forecast period 2024 - 2031.

Research Manager

Ankita Mittal

Manager,
Market Research & Consulting

Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

What are the Travel Insurance Market report deliverables?

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

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