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Corporate Travel Insurance Market Size

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Report ID: 326
Published Date: Dec 20, 2024
Report Format: PDF, PPT

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Corporate Travel Insurance Market Size

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

The growth of the market is primarily attributed to the notable increase in expenditure on travel as well as the rising adoption of travel insurance across the globe. For instance, in 2021, the worldwide business travel expenditure reached more than USD 741 billion.

The increasing tendency of corporate employees to travel for official meetings, and short trip traveling by small business entrepreneurs have been increasing, which is leading the trend of corporate travel insurance in the forecast period.

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Corporate Travel Insurance Market Size & Share, Growth Analysis 2037

Author Credits: Parul Atri

Report ID: 326
Published Date: Dec 20, 2024
Report Format: PDF, PPT

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.

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