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Australia Travel Insurance Market Size and Share Outlook: Forecast Trends and Growth Analysis Report (2025-2034)

Publisher Expert Market Research
Published Oct 26, 2025
Length 108 Pages
SKU # EMAR20560105

Description

Single-trip travel insurance is driving the Australia travel insurance market growth as these are chosen by individuals or travellers due to their cost-effectiveness and customization.

These are more affordable than the other types of insurance coverage as these are taken generally for short-term vacations, specific travel events and frequent trips within a year. Its benefits and coverage can be modified to match the specific needs of travellers.

Increasing product innovations and customisation in travel insurance products due to evolving customer needs and preferences have expanded the Australia travel insurance market size. Insurance companies provide customizable add-on benefits in insurance products such as coverage of medical conditions, rental car insurance and pet care insurance.

Southern Cross Travel Insurance has revamped its travel care insurance policy to meet the specific needs of travel insurance customers who are pet owners and have introduced cover for additional pet care.
"Australia Travel Insurance Market Report and Forecast 2025-2034" offers a detailed analysis of the market based on the following segments:

Market Breakup by Insurance Coverage
  • Single-trip Travel Insurance
  • Annual Multi-trip Travel Insurance
Market Breakup by End Use
  • Business Travelers
  • Family and individual Travelers
Market Breakup by Region
  • New South Wales
  • Victoria
  • Queensland
  • Australian Capital Territory
  • Western Australia
  • Others
Australia Travel Insurance Market Share

Business travellers often require specific coverage for trip cancellations, interruptions, and medical emergencies related to work-related travel. They also seek policies that include coverage for business equipment and liabilities. Family and Individual Travelers typically look for comprehensive travel insurance plans that cover a wide range of risks such as trip cancellations, medical emergencies, baggage loss, and personal liabilities during leisure travel.

Leading Companies in the Australia Travel Insurance Market

The growth of the travel insurance market is fueled by increasing international and domestic travel creating the need for travel insurance products, companies provide customised solutions to individuals.
  • Allianz Australia Limited
  • Zurich Financial Services Australia Ltd.
  • nib Travel Services (Australia) Pty Ltd.
  • Fast Cover Pty Ltd
  • AIG Australia Limited
  • 1Cover Pty Ltd.
  • Australia Post Group
  • American Express Company
  • AWP Australia Pty Ltd
  • Others

Table of Contents

108 Pages
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Travel Insurance Market Overview
8.1 Key Industry Highlights
8.2 Australia Travel Insurance Historical Market (2018-2024)
8.3 Australia Travel Insurance Market Forecast (2025-2034)
9 Australia Travel Insurance Market by Insurance Coverage
9.1 Single-trip Travel Insurance
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Annual Multi-trip Travel Insurance
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
10 Australia Travel Insurance Market by End Use
10.1 Business Travellers
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 Family and Individual Travellers
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
11 Australia Travel Insurance Market by Region
11.1 New South Wales
11.1.1 Historical Trend (2018-2024)
11.1.2 Forecast Trend (2025-2034)
11.2 Victoria
11.2.1 Historical Trend (2018-2024)
11.2.2 Forecast Trend (2025-2034)
11.3 Queensland
11.3.1 Historical Trend (2018-2024)
11.3.2 Forecast Trend (2025-2034)
11.4 Australian Capital Territory
11.4.1 Historical Trend (2018-2024)
11.4.2 Forecast Trend (2025-2034)
11.5 Western Australia
11.5.1 Historical Trend (2018-2024)
11.5.2 Forecast Trend (2025-2034)
11.6 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Allianz Australia Limited
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Zurich Financial Services Australia Ltd.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 nib Travel Services (Australia) Pty Ltd.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Fast Cover Pty Ltd.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 AIG Australia Limited
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 1Cover Pty Ltd.
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Australia Post Group
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 American Express Company
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 AWP Australia Pty Ltd.
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 Others
14 Key Trends and Developments in the Market

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