Travel Insurance Market 2030: Japan's Focus on Secure Travel Experiences
The global travel insurance market was valued at approximately USD 27.05 billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 15.4% from 2025 to 2030. This growth can be primarily attributed to the increasing popularity of travel and tourism worldwide, as well as a rising awareness among travelers about the importance of purchasing dedicated insurance to protect against various unexpected events that can occur during their trips. These events may include flight delays, lost luggage and personal belongings, or trip cancellations. As more travelers recognize the need for such coverage, the market for travel insurance continues to expand. In addition, technological advancements are playing a significant role in driving market growth. Travel insurance is becoming more accessible as it is increasingly bundled with online ticket bookings, making it easier for consumers to purchase coverage when they book their travel arrangements. This convenience, coupled w