The Australia Travel Insurance Market was valued at AUD 11.03 Billion in 2025, and is projected to reach AUD 16.48 Billion by 2034, rising at a CAGR of 4.10%.
Single-trip travel insurance is driving the Australia travel insurance market growth as these are chosen by individuals or travellers due to their cost-effectiveness and customization.
These are more affordable than the other types of insurance coverage as these are taken generally for short-term vacations, specific travel events and frequent trips within a year. Its benefits and coverage can be modified to match the specific needs of travellers.
Increasing product innovations and customisation in travel insurance products due to evolving customer needs and preferences have expanded the Australia travel insurance market size. Insurance companies provide customizable add-on benefits in insurance products such as coverage of medical conditions, rental car insurance and pet care insurance.
Southern Cross Travel Insurance has revamped its travel care insurance policy to meet the specific needs of travel insurance customers who are pet owners and have introduced cover for additional pet care.
Single-trip travel insurance is driving the Australia travel insurance market growth as these are chosen by individuals or travellers due to their cost-effectiveness and customization.
These are more affordable than the other types of insurance coverage as these are taken generally for short-term vacations, specific travel events and frequent trips within a year. Its benefits and coverage can be modified to match the specific needs of travellers.
Increasing product innovations and customisation in travel insurance products due to evolving customer needs and preferences have expanded the Australia travel insurance market size. Insurance companies provide customizable add-on benefits in insurance products such as coverage of medical conditions, rental car insurance and pet care insurance.
Southern Cross Travel Insurance has revamped its travel care insurance policy to meet the specific needs of travel insurance customers who are pet owners and have introduced cover for additional pet care.
This report offers a detailed analysis of the market based on the following segments:
Market Breakup by Insurance Coverage
- Single-trip Travel Insurance
- Annual Multi-trip Travel Insurance
Market Breakup by End Use
- Business Travelers
- Family and individual Travelers
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
Australia Travel Insurance Market Share
Business travellers often require specific coverage for trip cancellations, interruptions, and medical emergencies related to work-related travel. They also seek policies that include coverage for business equipment and liabilities. Family and Individual Travelers typically look for comprehensive travel insurance plans that cover a wide range of risks such as trip cancellations, medical emergencies, baggage loss, and personal liabilities during leisure travel.Leading Companies in the Australia Travel Insurance Market
The growth of the travel insurance market is fueled by increasing international and domestic travel creating the need for travel insurance products, companies provide customised solutions to individuals.- Allianz Australia Limited
- Zurich Financial Services Australia Ltd.
- nib Travel Services (Australia) Pty Ltd.
- Fast Cover Pty Ltd
- AIG Australia Limited
- 1Cover Pty Ltd.
- Australia Post Group
- American Express Company
- AWP Australia Pty Ltd
- Others
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions6 Market Snapshot7 Opportunities and Challenges in the Market14 Key Trends and Developments in the Market
3 Report Description
5 Executive Summary
8 Australia Travel Insurance Market Overview
9 Australia Travel Insurance Market by Insurance Coverage
10 Australia Travel Insurance Market by End Use
11 Australia Travel Insurance Market by Region
12 Market Dynamics
13 Competitive Landscape
Companies Mentioned
- Allianz Australia Limited
- Zurich Financial Services Australia Ltd.
- nib Travel Services (Australia) Pty Ltd.
- Fast Cover Pty Ltd.
- AIG Australia Limited
- 1Cover Pty Ltd.
- Australia Post Group
- American Express Company
- AWP Australia Pty Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 108 |
| Published | October 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( AUD | $ 11.03 Billion |
| Forecasted Market Value ( AUD | $ 16.48 Billion |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Australia |
| No. of Companies Mentioned | 9 |
