Corporate Travel Insurance Market Share

Europe Market Forecast

Europe industry is expected to dominate majority revenue share by 2037, backed by the increasing number of business travelers with high travel spending, increasing trend of travel and tourism, and significant economic growth of the region. For instance, in 2022, the approximate business visits to Europe touched around 455,000 in the month of May.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of corporate travel insurance is assessed at USD 7.67 billion.

The corporate travel insurance market size was over USD 5.73 billion in 2024 and is anticipated to cross USD 58.7 billion by 2037, growing at more than 19.6% CAGR during the forecast period i.e., between 2025-2037. Growing trend of government-mandate travel policies, rising number of external meetings and events, growing trend of online travel bookings, and escalating trend of bleisure into business trips will drive the market growth.

Europe industry is expected to dominate majority revenue share by 2037, driven by increasing number of business travelers with high travel spending, increasing trend of travel and tourism, and significant economic growth of the region.

The major players in the market are Seven Corners Inc., Berkshire Hathaway Specialty Insurance, TravelSafe Insurance, Assicurazioni Generali S.p.A., Trip Mate, Inc., AXA, Chubb Group Holdings Inc., Insure & Go Insurance Services Limited, Zurich Insurance Group Ltd, American International Group, Inc.

Corporate Travel Insurance Market Share