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The global travel insurance market is expected to experience significant growth, with projections indicating an increase from $49.65 billion in 2025 to $86.39 billion by 2030. This represents a compound annual growth rate (CAGR) of 15.35%, according to a report by Knowledge Sourcing Intelligence LLP.
The surge in market demand is largely driven by an increasing number of international travelers seeking coverage for a variety of trips, including business and leisure. Additionally, the rising popularity of adventure and sports tourism, which often requires specialized insurance, is further fueling this growth.
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