Travel insurance market to reach $86.39b globally by 2030

Demand is also driven do to rising popularity of adventure and sports tourism.

The global travel insurance market is projected to grow at a compound annual growth rate (CAGR) of 15.35%, increasing from $49.65b in 2025 to $86.39b by 2030, according to Knowledge Sourcing Intelligence LLP.

The market's expansion is driven by the rising number of international travellers seeking coverage for business, leisure, and other trips.

The growing popularity of adventure and sports tourism, which often requires specialised insurance, is also contributing to increased demand.

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