Long stay travel insurance market to bag $4b in 2025

By 2029, the market is expected to reach $5.04b, expanding at a CAGR of 7.1%.

The long stay travel insurance market is forecast to grow from $3.57b in 2024 to $3.83b in 2025, at a compound annual growth rate (CAGR) of 7.5%, according to The Business Research Company.

By 2029, the market is expected to reach $5.04b, expanding at a CAGR of 7.1%.

Growth has been driven by rising international student enrolments, overseas work opportunities, outbound tourism, and retirement relocations. 

Future demand is expected to benefit from wider use of digital insurance platforms, stricter visa requirements, flexible plans, and the rise of remote working abroad. International student mobility remains a key factor.