HelloSafe Enters the Travel Insurance Market
New York, Thursday, 17 April 2025 - HelloSafe, an insurance comparison platform, today announces the launch of its travel insurance offering worldwide, featuring several tools designed to simplify and optimize consumer choices.
The global travel insurance market is booming
The global travel insurance market has experienced strong growth since the pandemic. In 2023, it was estimated at $19.1 billion and is projected to reach $40.6 billion by 2030, with a compound annual growth rate (CAGR) of 11.2% between 2024 and 2030.
Each year, millions of travelers purchase travel insurance policies to cover unforeseen events such as medical care, flight cancellations, or lost luggage. In 2022, nearly 60% of international travelers had purchased travel insurance, compared to just 35% before the pandemic.
Although the sector was heavily impacted by the health crisis, with a 55% drop in the volume of contracts in 2020, it is now showing a dynamic recovery. This growth is driven by increased awareness of travel-related risks, an increase in departures abroad (+22% in 2023 compared to 2022), and evolving regulations, with some countries making travel insurance mandatory to enter their territory (for example, Thailand, the United Arab Emirates).
B2C digital platforms drive travel insurance growth
El mercado de las plataformas digitales B2C dedicadas a los seguros de viaje está experimentando una rápida expansión, impulsada por el crecimiento del comercio en línea y la digitalización de los servicios financieros. En 2025, más del 70% de las pólizas de seguro de viaje se compraron a través de plataformas en línea, en comparación con el 45% en 2019. Se espera que esta tendencia continúe con una tasa de crecimiento anual compuesta (CAGR) del 12,8% para 2030.
El auge de los sitios web de comparación y las compañías de seguros en línea está impulsado por una creciente demanda de soluciones rápidas y personalizadas. El volumen de suscripciones digitales aumentó un 38% entre 2021 y 2025, mientras que las plataformas móviles ahora representan más del 50% de las ventas.
Expansion stimulated by several key factors
The travel insurance market is experiencing sustained growth, driven by several factors. Firstly, the increase in international travel, which jumped by 22% in 2025 compared to 2025-1, is driving demand for adequate protection. In addition, travelers are now more aware of the risks associated with travel, particularly in terms of health, flight cancellations or loss of luggage, which encourages them to take out specific cover.
From a regulatory standpoint, an increasing number of countries now require travel insurance as a condition of entry into their territory. This is notably the case for Thailand, the United Arab Emirates, and Cuba, which require proof of insurance covering medical expenses in case of an emergency.
Variable Trends by Region
The growth of the travel insurance market isn't uniform worldwide. In Europe and North America, subscriptions are already well-established, particularly for high-end insurance offering extensive coverage and advanced assistance services. These more mature markets are evolving towards increasingly flexible and customizable solutions.
Conversely, the Asia-Pacific region is experiencing more rapid expansion, driven by increased intra-regional tourism and the emergence of a middle class eager to travel more. Digitalization of the sector is particularly pronounced there, with growing adoption of online comparison tools and mobile insurance solutions.
The markets of Latin America and Africa, although less developed, offer strong growth potential. Increased accessibility to digital services, coupled with a growing demand for affordable protection, should accelerate the penetration of travel insurance in these regions.
HelloSafe: A global leader in insurance comparison
Already established in Montreal and in more than 15 countries around the world, HelloSafe distinguishes itself by its advanced comparison technology, which helps users find the insurance that meets their needs in a completely anonymous manner. Building on its international success, the platform continues its commitment by going further and offering a range of tools and new services for travelers.
HelloSafe's New Travel Insurance Tools
As part of this launch, HelloSafe now offers a range of three innovative services designed to simplify travel insurance processes:
A Unique Travel Insurance Comparison Tool
This travel insurance comparison tool allows users to select insurance tailored to their destination in just a few clicks by analyzing dozens of partners. They have also developed a tool to compare the best cancellation insurance policies. Customers can purchase the contract directly on the platform and are supported by a team of professionals. HelloSafe's travel insurance comparison tools are already deployed in 12 countries and will soon be available in over 30 countries.
An insurance verification app for bank cards
HelloSafe also offers a tool to check the insurance included with bank cards, allowing cardholders to quickly find out if they are covered in the event of a claim. Whether it's hospitalization abroad, flight cancellation, or loss of luggage, this tool guides users in understanding and using the insurance offered by their bank card. It is already deployed in France, the United States, Canada, and Belgium, and is expected to be deployed in around twenty new countries by the end of 2026.
| Country | Launch Date | Comparison Tool |
|---|---|---|
| 🇫🇷 France | March 2024 | https://hellosafe.fr/assurance-voyage/assurance-carte |
| 🇨🇦 Canada | June 2024 | https://hellosafe.ca/assurance-voyage/assurance-carte |
| 🇺🇸 United States | June 2024 | https://hellosafe.com/travel-insurance/credit-card-insurance |
| 🇧🇪 Belgium | October 2024 | https://hellosafe.be/assurance-voyage/assurance-carte |
A Visa Assistance Tool
For international travelers, HelloSafe has developed a visa assistance tool to provide them with the most up-to-date information on the formalities required in all countries worldwide and to assist them with the administrative processes for obtaining a visa.
| Country | Date | Comparator |
|---|---|---|
| 🇨🇦 Canada | March 2024 | https://hellosafe.ca/insurance-travel/visa |
| 🇧🇪 Belgium | May 2024 | https://hellosafe.be/insurance-travel/visa |
AI-Powered Optimization
With increasingly demanding and connected consumers, digitization is redefining the travel insurance market worldwide. HelloSafe allows you to compare and purchase insurance in just a few clicks, transforming what was once a complex process into a seamless and intuitive experience. The integration of technologies such as interactive chatbots, capable of instantly answering user questions, or needs analysis algorithms, which recommend personalized offers, are revolutionizing the sector. HelloSafe stands out in particular thanks to its artificial intelligence-based comparison technology, which guarantees total transparency and optimized search, even for the most demanding travelers.
HelloSafe is a leading platform for comparing financial products (insurance, loans, investments) in over 10 countries worldwide. With proprietary, unique, and powerful technology, HelloSafe provides users around the world with hundreds of free, anonymous, and instant comparison tools and calculators, as well as expert and updated content. Our platform enables everyone to make the best decisions for their money and find the right offer at the right price.
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