"In recent months, border openings seemed to increase traveler confidence, leading to more trip bookings. We believe the significant spike in travel insurance sales following the omicron variant is directly related to the increase in trips that were booked in the preceding months," says Megan Moncrief, Squaremouth CMO. (Credit: Shutterstock.com)

Since news of the omicron variant of COVID-19, travel insurance sales have grown 53%, according to policy comparison site Squaremouth, which reports sales continue to reach new highs.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]