Finance & Professional Services

Group Travel Insurance: Market Size, Growth & Forecast to 2030

The Group Travel Insurance market is valued at about $5.4 billion (2026) and is projected to grow at a 5.6% CAGR through 2030. The largest cost driver is Upstream reinsurance and underwriting capacity costs (45% of spend). North America leads demand at 40%.

Market size
$5.40 bn (2026)
CAGR to 2030
+5.6%
Buyer power
Favours buyers
Tracked suppliers
45
Projected market growth (index, 2026 = 100)
Base year 2026
Official data · Claight projectionForecast
Market size index, 2026 = 100, at the 5.6% CAGR.
Forecast
2026
2027
2028
2029
2030
2031
2026 base: 1002031 est: 131

Cost structure

Upstream reinsurance and underwriting capacity costs
45%
Claims payouts and emergency medical assistance services
30%
Sales distribution, broker commissions, and marketing
12%
InsurTech platforms and SaaS software infrastructure
8%
Actuarial data feeds, compliance, and risk analytics
5%

Regional demand split

North America demand
40%
Europe demand
35%
Asia Pacific demand
15%
Latin America demand
6%
Rest of world demand
4%

Key suppliers

Allianz Global AssistanceAXAAIG Travel GuardZurich Insurance GroupBerkshire Hathaway Specialty Insurance
Read the full Group Travel Insurance report →

Claight market analysis of proprietary and public data. Full report: /category-intelligence/group-travel-insurance