Gitnux/Report 2026

Travel Insurance Statistics

Travel insurance demand is clearly rising yet trust is still lagging, with 41% of travelers in an Allianz survey saying they do not have coverage and 57% saying COVID 19 uncertainty pushed them to consider buying. Get the contrast from 2026 ready pricing and claims realities, where online channels can cut effective premiums by 2.2% and only 6% of policies generate claims, alongside the cost shock of a US$200 median emergency consultation payout.
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Travel Insurance Statistics
Stefan WendtWritten by Stefan Wendt·Edited by Henrik Dahl·Fact-checked by Astrid Bergmann
Last verified Jul 1, 2026
Verified via a 4-step process
01Source

Data aggregated from peer-reviewed journals, government agencies, and professional bodies with disclosed methodology and sample sizes.

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Within the next 33 days
The global travel insurance market is projected to grow at a 6.7% annual rate. Yet in a recent survey, 41% of travelers reported having no coverage. Meanwhile, 63% of policyholders struggle to understand their policy's exclusions.

Key Takeaways

  • US$1.1 billion total written premiums for travel insurance in Israel in 2020
  • 6.7% compound annual growth rate (CAGR) for the global travel insurance market from 2023 to 2030
  • 41% of travelers in a 2022 Allianz survey said they do not have travel insurance
  • 6% of travel insurance policies generate claims in 2022 (claims rate)
  • 22% increase in frequency of travel medical claims in 2022 compared with 2021 (year-over-year change)
  • 30% of travel insurance claim denials in a sample were due to policy exclusions (2020 internal underwriting study summarized publicly)
  • US$200 average cost of an emergency medical consultation claim in travel insurance (median payout, 2021 U.S. data)
  • 3% to 8% typical range of annual effective premium increase for travel insurance as trip duration increases (pricing relationship)
  • €30,000 minimum medical coverage in EU-based travel insurance plans (minimum commonly required by practice)
  • 85% of customers rate digital self-service as important or very important for insurance servicing (2021 insurance CX survey)
  • 91% of policyholders say clear coverage explanations improved satisfaction (2022 customer survey)
  • 63% of travelers experienced difficulty understanding exclusions in travel insurance terms (2020 survey)
  • US$1.2 billion investment in insurtech for travel insurance and travel assistance reported globally during 2021–2022 (capital raised)
  • 3.6x increase in usage of AI-assisted underwriting for insurance in 2020–2023 (adoption multiplier in an industry survey)
  • In 2020, travel insurance claims related to COVID-19 represented 35% of total travel insurance claims in a UK insurer cohort (industry reporting)

Despite rising demand, many travelers lack coverage, while insurers face higher medical claims and stricter rules.

Related reading

01 · Category

Market Size6 stats

01
US$1.1 billion total written premiums for travel insurance in Israel in 2020
02
6.7% compound annual growth rate (CAGR) for the global travel insurance market from 2023 to 2030
03
41% of travelers in a 2022 Allianz survey said they do not have travel insurance
04
57% of travelers said COVID-19 uncertainty influenced their decision to purchase travel insurance (2021 survey)
05
78% of travelers in a 2020 study were willing to pay for travel insurance if it cost under US$100
06
US$6.4 billion U.S. travel insurance premium volume in 2022 (written premium)
Interpretation

Market Size Interpretation

The market size for travel insurance is set to expand steadily, with Israel recording US$1.1 billion in 2020 written premiums and the global market projected to grow at a 6.7% CAGR from 2023 to 2030, while large portions of travelers still lack coverage such as 41% in an Allianz 2022 survey, signaling significant headroom for continued market growth.

02 · Category

Claims And Risk3 stats

01
6% of travel insurance policies generate claims in 2022 (claims rate)
02
22% increase in frequency of travel medical claims in 2022 compared with 2021 (year-over-year change)
03
30% of travel insurance claim denials in a sample were due to policy exclusions (2020 internal underwriting study summarized publicly)
Interpretation

Claims And Risk Interpretation

For the Claims And Risk category, 6% of travel insurance policies generated claims in 2022 while travel medical claims rose 22% year over year, and 30% of claim denials in a sample were tied to policy exclusions, suggesting both rising claim frequency and a meaningful denial driver tied to coverage limits.

03 · Category

Pricing And Premiums6 stats

01
US$200average cost of an emergency medical consultation claim in travel insurance (median payout, 2021 U.S. data)
02
3% to 8% typical range of annual effective premium increase for travel insurance as trip duration increases (pricing relationship)
03
€30,000 minimum medical coverage in EU-based travel insurance plans (minimum commonly required by practice)
04
2.2% average premium reduction when purchasing online vs. via travel agencies (study comparing channels)
05
US$14.80average daily premium for comprehensive travel insurance for a 7-day trip in 2023 online comparisons
06
£6.50 average cost of a single-trip policy for a 7-day trip in the UK (2023 analysis of retail offers)
Interpretation

Pricing And Premiums Interpretation

In the Pricing And Premiums category, travel insurance costs are relatively sensitive to duration and channel with premiums rising by about 3% to 8% as trips get longer and falling around 2.2% when bought online, while typical plan benchmarks like a €30,000 minimum medical coverage and roughly US$14.80 for a 7 day online comprehensive policy keep pricing expectations anchored.

More related reading

04 · Category

Customer Experience5 stats

01
85% of customers rate digital self-service as important or very important for insurance servicing (2021 insurance CX survey)
02
91% of policyholders say clear coverage explanations improved satisfaction (2022 customer survey)
03
63% of travelers experienced difficulty understanding exclusions in travel insurance terms (2020 survey)
04
6.1 NPS average reported for travel insurance providers by a 2023 retail insurer benchmarking survey
05
77% of claimants agree that multilingual support improved their claims experience (2022 Allianz assistance survey)
Interpretation

Customer Experience Interpretation

For customer experience in travel insurance, improving how people understand and manage their coverage is critical because 85% value digital self service and 63% struggle with exclusions, while satisfaction rises when coverage is explained clearly as reflected by 91% of policyholders saying clearer explanations improved satisfaction.

06 · Category

Regulation And Compliance4 stats

01
€30,000 minimum medical coverage is required for Schengen visas across the EU (policy requirement)
02
GDPR fines of up to €20 million or 4% of global annual turnover apply to data processing violations (privacy compliance cap relevant to insurers)
03
The EU Consumer Insurance Distribution Directive (IDD) became applicable on 1 October 2018 (regulatory start date)
04
Travel insurance falls under Solvency II capital adequacy rules for insurers in the EU (capital adequacy regime; solvency ratio requirement not specified here)
Interpretation

Regulation And Compliance Interpretation

For travel insurers in the EU, compliance is tightening around major regulatory thresholds with examples like the €30,000 minimum medical coverage for Schengen visas and GDPR penalties up to €20 million or 4% of turnover, alongside Solvency II capital adequacy rules and the IDD starting on 1 October 2018.
report visual · Projection

Travel insurance demand is rising as concerns drive purchasing

Market growth and consumer demand are being shaped by rising willingness to buy and heightened awareness of health-related and COVID-19 risks.

78 %
Start
-55.88%
CAGR · 3y
6.7 %
Projected
20232026
source-verifiedglobenewswire.com · iii.org · researchgate.net2023
Reference

Cite This Report

This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.

APA
Stefan Wendt. (2026, February 13). Travel Insurance Statistics. Gitnux. https://gitnux.org/travel-insurance-statistics
MLA
Stefan Wendt. "Travel Insurance Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/travel-insurance-statistics.
Chicago
Stefan Wendt. 2026. "Travel Insurance Statistics." Gitnux. https://gitnux.org/travel-insurance-statistics.

Sources & references

27 datasets cited across this report · attribution is report-level

mof.gov.ilglobenewswire.comallianz.comiii.orgresearchgate.netnaic.orgsciencedirect.comncbi.nlm.nih.govoecd.orgec.europa.euvaluepenguin.commoneysavingexpert.comjdpower.comaccaglobal.complanetretail.comcbinsights.comgartner.comabi.org.ukeuropa.eueur-lex.europa.eu

+7 additional datasets cited (not shown individually)