Saudi Arabia Travel Insurance Market Size & Outlook, 2025-2033
Saudi Arabia Travel Insurance Market Insights
- As highlighted in Deep Market Insights analysis, the Saudi Arabia Travel Insurance Market, worth USD 595.56 Million in 2024, is forecasted to achieve USD 1086.09 Million by 2033.
- The Saudi Arabia market is anticipated to grow at a CAGR of 6.87% during the period 2025–2033.
- By 2024, Single-trip represented the largest share of the Type market size.
- Single-trip is expected to remain the key growth driver within Type, registering the fastest CAGR during the forecast period.
Source: DMI Analysis Company Publications, Primary Interviews.
Other Key Findings
- In 2024, Saudi Arabia accounted for 1.57% of the global Travel Insurance Market size.
- By 2033, United States is expected to lead the global Travel Insurance Market in terms of market size.
- Within Middle East and Africa, United Arab Emirates is projected to dominate the regional Travel Insurance Market size by 2033.
- Saudi Arabia is identified as the fastest-growing market in Middle East and Africa, anticipated to reach USD 1083 Million by 2033.
Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2021-2033 |
| Historical Period | 2021-2023 |
| Forecast Period | 2025-2033 |
| Market Size In 2024 | USD 595.56 Million |
| Market Size In 2033 | USD 1086.09 Million |
| Largest segment | Single-trip |
| Units | Revenue in USD Million |
| CAGR | 6.87% (2025-2033) |
| Segmnetation Covered | |
| Type |
|
| Distribution |
|
| Traveler type |
|
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Saudi Arabia Travel Insurance Market Type 2025-2033 (USD Million)
| Type | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Single-trip | XX.x | XX.x | XX.x | 273.18 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Annual multi-trip | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Medical | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Cancellation | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: DMI Analysis Company Publications, Primary Interviews.
Saudi Arabia Travel Insurance Market Distribution 2025-2033 (USD Million)
| Distribution | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Online | XX.x | XX.x | XX.x | 302.78 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Travel agents | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Insurers | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: DMI Analysis Company Publications, Primary Interviews.
Saudi Arabia Travel Insurance Market Traveler type 2025-2033 (USD Million)
| Traveler type | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Leisure | XX.x | XX.x | XX.x | 380.38 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Business | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: DMI Analysis Company Publications, Primary Interviews.