The Ireland Travel Insurance Market is Expected to Reach USD 383.6 million by 2030

The rise in number of outbound travellers across the country influence the Ireland travel insurance market growth.

According to the Next Move Strategy Consulting, the Ireland Travel Insurance Market size was valued at USD 166.3 million in 2024 and is predicted to reach USD 383.6 million by 2030, registering a CAGR of 14.2% from 2025 to 2030.

The rise in number of outbound travellers propels the travel insurance market growth in Ireland as increasing proportion of individuals boards on domestic or international travel due to leisure, business and education purposes seek protection against unforeseen events. The Visit Britain states that, travellers from Irish Republic made 10.2 million outbound visits in 2023 generating an international tourism expenditure of USD 10.3 billion. 

With a surge in Irish people travelling, they encounter heightened risks of unpredicted events such as medical emergencies and flight cancellations that leads them to look for complete trip cancellation insurance plans leading to a boost in the Ireland travel insurance market growth.

Also, the digital innovation by the regional players propel the market growth by enhancing user experience and simplifying the process. Companies are integrating advanced technology to manage policies that makes the entire process seamless for both agents and the consumers. 

For example, in February 2025, Blue Insurance introduced its latest innovation 24/7 Travel GP Service in complimentary with its travel insurance plan. The offering provides the travellers access to medical assistance by phone or online 24/7 free of charge. Such innovative digital initiatives by the regional players builds consumer trust and makes the travel insurance coverage more accessible leading to a surge in the Ireland travel insurance market expansion. 

Moreover, government mandate drives the Ireland travel insurance market demand by initiating robust consumer protection measures that intensify lucidity and trust in insurance products. 

In 2023, the Central Bank of Ireland signed the Individual Accountability Framework Act that led to stricter guidelines under the Insurance Act, mandating insurers to clearly disclose policy details, coverage limits, and exclusions, effectively authorizing consumers to make informed choices. The regulations prompted insurers to ensure transparency and maintain financial conduct and this built trust among consumers due to heightened consumer protection rights leading to boost in the market growth.

However, regulatory requirements hinder the growth of the Ireland travel insurance market trends in the country by imposing strict compliance requirements that deter potential insurers from entering the market and inhibit the ability of existing providers to innovate. 
According to the Organisation for Economic Co-operation and Development, Central Bank of Ireland regulates the financials related to travel insurance and mandates complex legal documentation and financial conduct leading to delayed market response in relation to evolving consumer demands. Such intricate regulation deters potential insurers to innovate and restrain the growth of existing travel insurance companies in Ireland.

Conversely, integration of AI-powered chatbots in lost baggage insurance platform is anticipated to create significant number of future opportunities by providing customer assistance and support 24/7. 

For instance, AXA implemented virtual assistance chatbot in its insurance platform aimed at providing general information, answering queries, checking package coverage and claims eligibility. The development streamlined the process and increased the conversion rates.

Additionally, Allianz Partners SAS implemented AI-powered chatbots in their client interaction platform to answer customer queries, simplify and speed up back-office operations and claims management. Through streamlining the claims process, the integration of chatbots in travel insurance platforms enhance customer service availability and drives operational improvements, further contributing to the market expansion in coming years.

Curious about the Ireland Travel Insurance Market? Download FREE Sample Now!

According to the report published by Next Move Strategy Consulting, the leading players operating in the Ireland travel insurance industry include Chubb limited, Mapfre SA, AIG Inc., Blue Insurance, FBD Holdings plc, Allianz SE, RSA Insurance Group, Aviva Plc, AXA SA, Chill Insurance, InsureandGo Ireland, An Post Insurance, Vhi Group, Allied Irish Banks, p.l.c., Switcher Limited., among others.

These companies are engaged in various product launches and partnerships to maintain their dominance in the Ireland travel insurance market. For example, in February 2025, Cover-More Insurance Services Limited launched 24/7 Travel GP Service in complimentary with its travel insurance product to provide customers access to medical professional via phone or online. The development shows the company’s commitment to support Irish travel trade with innovative products.

Also, in November 2024, Blue Insurance launched new online portal, designed to revolutionize the way to manage travel insurance bookings. The portal features effortless policy management and time saving efficiency.

In addition, in January 2024, travel insurance provider InsureandGo Ireland, a MAWDY brand partnered with Blink Parametric to offer real-time flight disruption offering. The parametric solution will automatically offer real-time access to an executive airport lounge or a real-time cash payout alternative to eligible insureds when a flight is disrupted by more than three hours.

Key Insights from the Ireland Travel Insurance Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the Ireland travel insurance market is provided in the report.

• The value chain analysis in the market study provides a clear picture of the role of each stakeholder.

• The report analyzes the Ireland travel insurance market share, highlighting key players and their competitive landscape.