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Travel Insurance in the UK Industry Data and Analysis
Over the five years through 2025-26, travel insurance revenue is expected to surge at a compound annual rate of 21.4% to £601.3 million. This is largely due to a significantly low base year; the COVID-19 outbreak clobbered international travel in 2020-21, bringing demand for travel insurance down with it. Although insurers were quick to adapt, providing COVID-specific coverage for cancellations and unexpected medical expenses, this wasn’t enough to offset the drastic drop-off in demand. This resulted in many travel insurers suspending services during the pandemic, contributing to a significant decline in revenue over the two years through 2021-22.
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What's included in this industry analysis
IBISWorld's research coverage on the Travel Insurance industry in the United Kingdom includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released March 2026.
About this industry
What's this industry report about?
The Travel Insurance industry in the United Kingdom operates under the SIC industry code SP0.159. The travel insurance industry provides coverage for people travelling domestically or internationally, protecting against risks like medical emergencies, trip cancellations and lost luggage. Insurers offer various policies tailored to different needs, including single trips, annual multi-trips and specialised coverage for activities or regions. Related terms covered in the Travel Insurance industry in the United Kingdom include premium, coupon and underwriter.
What's included in this industry?
Products and services covered in Travel Insurance industry in the United Kingdom include Travel medical insurance, Personal belongings insurance and Travel delay and cancellation insurance.
What companies are included in this industry?
Companies covered in the Travel Insurance industry in the United Kingdom include Zurich Insurance Group Ltd, Aviva plc and Admiral Group plc.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Travel Insurance industry in the United Kingdom.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Travel Insurance industry in the United Kingdom.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Travel Insurance industry in the United Kingdom.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Travel Insurance industry in the United Kingdom. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Travel Insurance industry in the United Kingdom. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Travel Insurance industry in the United Kingdom. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Travel Insurance industry in the United Kingdom. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Travel Insurance industry in the United Kingdom.
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Frequently Asked Questions
What is the market size of the Travel Insurance industry in the United Kingdom in 2026?
The market size of the Travel Insurance industry in the United Kingdom is £601.3m in 2026.
How many businesses are there in the Travel Insurance industry in the United Kingdom in 2026?
There are 95 businesses in the Travel Insurance industry in the United Kingdom, which has grown at a CAGR of 2.7 % between 2021 and 2026.
How may import tariffs affect the Travel Insurance industry in the United Kingdom?
The Travel Insurance industry in the United Kingdom is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Travel Insurance industry in the United Kingdom?
The Travel Insurance industry in the United Kingdom is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Travel Insurance industry in the United Kingdom grown or declined over the past 5 years?
The market size of the Travel Insurance industry in the United Kingdom has been growing at a CAGR of 21.4 % between 2021 and 2026.
What is the forecast growth of the Travel Insurance industry in the United Kingdom over the next 5 years?
Over the next five years, the Travel Insurance industry in the United Kingdom is expected to grow.
What are the biggest companies in the Travel Insurance industry in the United Kingdom?
The biggest companies operating in the Travel Insurance industry in the United Kingdom are Zurich Insurance Group Ltd, Aviva plc and Admiral Group plc
What does the Travel Insurance industry in the United Kingdom include?
Personal belongings insurance and Travel delay and cancellation insurance are part of the Travel Insurance industry in the United Kingdom.
Which companies have the highest market share in the Travel Insurance industry in the United Kingdom?
The company holding the most market share in the Travel Insurance industry in the United Kingdom is Zurich Insurance Group Ltd.
How competitive is the Travel Insurance industry in the United Kingdom?
The level of competition is moderate and steady in the Travel Insurance industry in the United Kingdom.
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