Family Travel Insurance Market was valued at USD 20 Billion in 2022 and is projected to reach USD 35 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The global family travel insurance market was valued at approximately USD 5.2 billion in 2022. The market is anticipated to witness significant growth, with a compound annual growth rate (CAGR) of around 8.4% from 2023 to 2030. This growth is driven by increasing awareness of travel risks, rising disposable incomes, and a growing preference for family travel. The market’s expansion is further supported by the growing trend of multi-generational vacations and the subsequent need for comprehensive coverage that protects families against trip cancellations, medical emergencies, and other unforeseen events.
Emerging markets, particularly in Asia-Pacific and Latin America, present substantial opportunities for growth. These regions are experiencing rapid economic development, leading to an increase in family travel and a corresponding demand for travel insurance products. As middle-class populations expand and international travel becomes more accessible, the need for family travel insurance is expected to rise. Additionally, technological advancements and the digitization of insurance services are likely to enhance market reach and customer engagement, further bolstering the market’s growth prospects in these emerging regions.
Get an In-Depth Research Analysis of the Global Family Travel Insurance Market Size And Forecast [2025-2032]
Allianz
AIG
Munich RE
Generali
Tokio Marine
Sompo Japan
CSA Travel Protection
AXA
Pingan Baoxian
Mapfre Asistencia
USI Affinity
Seven Corners
Hanse Merkur
MH Ross
STARR
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Family Travel Insurance Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Family Travel Insurance Market
Insurance Intermediaries
Insurance Company
Bank
Insurance Broker
Others
Based on Types the Market is categorized into Below types that held the largest Family Travel Insurance market share In 2023.
Single Trip Coverage
Annual Multi Trip Coverage
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Family Travel Insurance Market Research Analysis
1. Introduction of the Global Family Travel Insurance Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Family Travel Insurance Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Family Travel Insurance Market, By Type
6. Global Family Travel Insurance Market, By Application
7. Global Family Travel Insurance Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Family Travel Insurance Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/