The global travel insurance market is on track for major growth over the next decade, according to a new report from IMARC Group, a leading market research firm.
In its latest study, titled “Travel Insurance Market Report 2025–2033,” IMARC analyzes key trends, market share, and growth drivers in the travel insurance industry. The report breaks down the market by insurance type, coverage, distribution channel, end user, and region.
The report reveals that the market reached a value of USD 20.0 billion in 2024. Looking ahead, it is expected to grow to USD 50.4 billion by 2033, with a compound annual growth rate (CAGR) of 10.77% between 2025 and 2033.
IMARC’s analysis includes a deep dive into various types of travel insurance products, such as:
- Single trip insurance
- Annual multi-trip insurance
- Long-stay travel insurance
It also covers different types of coverage, including medical expenses, trip cancellations and delays, property damage, and more.
The report further examines the market by distribution channels like:
- Insurance intermediaries
- Banks
- Insurance companies
- Insurance aggregators
- Brokers
End users are categorized as senior citizens, students, business travelers, families, and others.
The study also highlights regional trends and the latest innovations shaping the travel insurance landscape. With increasing global travel and greater awareness of travel-related risks, demand for comprehensive insurance policies is expected to keep rising.
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