Saudi Arabia’s travel insurance market is set for rapid growth, rising from $1 billion in 2024 to $2.49 billion by 2030. Driven by Vision 2030, tourism expansion, and events like Hajj and Umrah, demand for policies covering health, baggage, and cancellations is soaring. Digital platforms and AI are reshaping customer access, while government reforms strengthen the sector. With rising domestic and international tourism, Saudi Arabia is becoming a key travel insurance hub.
Saudi Travel Insurance Market to Hit $2.49B by 2030

Anamika Chauhan is a Senior Content Writer at TBO Academy. Specializing in B2B content, she works closely with the marketing team to bring out the outlook about the industry in her write-ups. Connect with her on LinkedIn or write to her at anamika.chauhan@tbo.com