Rising Demand and Trends in Travel Insurance for Diverse Travelers
InsureMyTrip finds rise in travel for retirees as they book expensive trips
30 Sep 2025
InsureMyTrip reports a surge in “retirement travel,” as newly retired couples increasingly book luxury, multi-country trips and adventure experiences like safaris and expedition cruises. This trend has driven up demand for high-value travel insurance, with premiums for trips over $25,000 rising 30% year-over-year, especially for travelers aged 60 and older. Retirees are seeking comprehensive coverage, including medical, evacuation, and Cancel-For-Any-Reason (CFAR) options, tailored to longer and more complex itineraries. InsureMyTrip has launched specialized plans, such as Elite Trip and Intrip Reserve, to meet these needs, ensuring robust protection and peace of mind. As retirement travel grows, both retirees and insurers are embracing premium, flexible insurance solutions to safeguard high-value journeys.
Pearson Ham reports falling annual multi-trip travel insurance costs
29 Sep 2025
Pearson Ham Group reports that UK travel insurance premiums are shifting, with single-trip cover largely stable—around £16 for under-40s and £36 for over-60s—while annual multi-trip (AMT) policies have become cheaper, dropping up to 12% for some groups. Winter travel may drive greater fluctuations in specialist and single-trip cover due to higher risks like ski accidents and trip cancellations. Experts urge travellers to review policy limits and exclusions carefully, as lower prices may not guarantee the same coverage. The UK travel insurance market is worth £1.62bn and could surpass £3bn by 2030, with insurers paying out £472m across 500,000 claims in 2024. Despite the payouts, customer satisfaction remains high at 85%.
TATA AIG highlights rising travel insurance needs
29 Sep 2025
On World Tourism Day, TATA AIG highlighted the growing role of travel insurance in protecting travellers from medical emergencies, flight delays, and baggage issues, which together account for the majority of claims. Analysis from April 2024 to August 2025 shows 99% of policies are for international travel, with the USA, UK, UAE, Thailand, Singapore, and Germany as top destinations, mostly purchased by travellers aged 26–45. Leisure travel dominates, followed by business and student travel, while domestic coverage remains minimal. TATA AIG urges travellers to include insurance in every trip to ensure protection against disruptions and emergencies. The company continues to expand its services across India and globally, offering comprehensive claims support and innovative products.
