Coronavirus Travel Insurance Market Report 2026

The coronavirus travel insurance market size has grown rapidly in recent years. It will grow from $4.53 billion in 2025 to $5.08 billion in 2026 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to surge in global travel disruptions, widespread COVID-19 related trip cancellations, increased awareness of medical travel risks, expansion of emergency evacuation needs, rapid adoption of digital insurance platforms.

The coronavirus travel insurance market size is expected to see rapid growth in the next few years. It will grow to $8.01 billion in 2030 at a compound annual growth rate (CAGR) of 12.1%. The growth in the forecast period can be attributed to increasing recovery of international travel, rising demand for comprehensive travel protection, expansion of hybrid work and travel lifestyles, growing focus on health-related travel coverage, continued evolution of travel risk management products. Major trends in the forecast period include increasing demand for pandemic-specific coverage, rising adoption of flexible policy structures, growing preference for online policy purchase, expansion of medical and quarantine coverage options, enhanced focus on travel risk transparency.

The growing trend of international and leisure travel is expected to drive the growth of the coronavirus travel insurance market in the coming years. International and leisure travel involves crossing country borders primarily for relaxation, vacation, or personal enjoyment rather than for business purposes. The increase in such travel is being fueled by the easing of COVID-19 restrictions, as many countries have relaxed travel rules, making it easier and more attractive for people to travel abroad for leisure. Coronavirus travel insurance facilitates international and leisure travel by offering financial protection and medical coverage in the event of COVID-19-related disruptions. For example, in August 2025, the UK Parliament, a UK-based government organization, reported that UK residents took 94.6 million trips overseas in 2024, up from 86.2 million in 2023. As a result, the rise in international and leisure travel is contributing to the expansion of the coronavirus travel insurance market.

The growing influence of social media is expected to drive the expansion of the coronavirus travel insurance market in the coming years. Social media comprises online platforms and applications that allow users to create, share, and engage with content while connecting with others. This influence is largely fueled by increasing internet penetration, enabling more people to access platforms, interact, and share information online. Social media has significantly impacted consumer awareness and decision-making, boosting interest and adoption of coronavirus travel insurance by disseminating timely information, reviews, and updates on travel risks. For example, in January 2024, We Are Social Ltd, a UK-based socially-led creative agency, reported that over the previous year, social media users increased by 5.6%, with 266 million people joining platforms for the first time in 2023. Consequently, the rising influence of social media is contributing to the growth of the coronavirus travel insurance market.

In January 2023, Igloo Software, a Canada-based software firm, partnered with GCash and Malayan Insurance to introduce a new COVID-19 travel insurance product for Filipinos. This collaboration aims to provide Filipinos with easily accessible, comprehensive travel insurance via the GCash app that covers COVID-19 and other risks, includes additional benefits such as personal accident and travel inconvenience coverage, and supports safe, worry-free travel as tourism rebounds post-pandemic. GCash is a Philippines-based mobile payments company, while Malayan Insurance is a Philippines-based insurer offering travel protection against COVID-19.

Major companies operating in the coronavirus travel insurance market are Allianz SE, Ping An Insurance Company Ltd., China Life Insurance Company Limited, AXA Assistance SA, Assicurazioni Generali, American International Group Inc., AIG Travel Guard Group Inc., Tokio Marine HCC, Chubb Limited, TUI AG, Medibank Private Limited, Starr Indemnity & Liability Company, Berkshire Hathaway Specialty Insurance Company, Seven Corners Inc., International Medical Group Inc., Travelex Insurance Services Ltd., World Nomads Insurance Services Pty Ltd., InsureMyTrip Inc., Trawick International LLC, Zurich Insurance Group Ltd., USI Affinity Inc.

North America was the largest region in the coronavirus travel insurance market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the coronavirus travel insurance market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the coronavirus travel insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The coronavirus travel insurance market includes revenues earned by entities by providing services such as quarantine accommodation coverage, travel delay compensation, coverage for travel companions, and repatriation of remains. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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