"In recent months, border openings seemed to increase traveler confidence, leading to more trip bookings. We believe the significant spike in travel insurance sales following the omicron variant is directly related to the increase in trips that were booked in the preceding months," says Megan Moncrief, Squaremouth CMO. (Credit: Shutterstock.com)

Since news of the omicron variant of COVID-19, travel insurance sales have grown 53%, according to policy comparison site Squaremouth, which reports sales continue to reach new highs.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]