The global travel insurance market peaked at $27.05 billion in 2024, and is now expected to grow at a compound annual growth rate of 15.4% from 2025 to 2030, according to a report by Grand View Research.

The data showed growing popularity of travel and tourism, dedicated insurance coverage for unforeseen events like flight delays, loss of luggage and cancellation of trips helped boost the sector.

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Joe Toppe

Joe Toppe serves as managing editor of PropertyCasualty360.com. Joe is also a father of three, an author, and longtime lover of baseball.

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