Soaring demand for travel insurance in the United Arab Emirates

Data from travel insurance aggregator “Policybazaar.ae” reveals a significant 182% increase in travel insurance applications in 2024.

This strong growth is driven by travelers aged between 25 and 40, who account for 85% of travel insurance policy applicants. The development of telecommuting, particularly widespread among people under 40, is thought to be one of the reasons for this growth in demand.

It is worth noting, however, that in terms of premiums, family travel remains the primary source of revenue (60%) in the travel insurance segment.