UAE – August 7, 2024: The demand for travel insurance has witnessed a significant increase, driven by a surge in customer inquiries and a growing trend among travellers to secure their journeys. According to Policybazaar.ae, a leading insurance marketplace in the Middle East  – the number of customer inquiries for travel insurance has skyrocketed by 182% compared to last year. This surge is primarily fuelled by travellers aged between 25 and 40 years, who constitute 85% of the inquiries.

Policybazaar.ae has disclosed the top four travel destinations (either inquired or travelled by UAE residents) for 2024: Azerbaijan, Georgia, USA, and Armenia. The average travel duration for some of these trips is a minimum of nine days, reflecting a preference for shorter, more frequent vacations. This trend can be attributed to the extreme summer temperatures and the onset of summer holidays, prompting millions of families and individuals to seek cooler destinations for their summer breaks. Additionally, the shift towards online channels for purchasing travel insurance has encouraged insurers to reevaluate and innovate their long-term strategies.