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CEO NA Magazine > CEO Life > Travel > Extreme travel inspiring new types of insurance

Extreme travel inspiring new types of insurance

in Travel
Extreme travel inspiring new types of insurance
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Last month’s tragic deaths of five people on a tour to see the Titanic shipwreck have put the risks of extreme travel into focus. But despite the dangers, travel to extreme locations like the South Pole, remote mountaintops, shark-infested waters and space is becoming more popular.

Adventure tourism is expected to bring in more than $1 trillion of revenue globally by 2030, up from an expected $316.6 billion in 2022.

Sadly, the number of search and rescue missions will no doubt also increase.

Some insurance companies are now developing new types of insurance policies for pursuits like space travel.

Tags: Extreme travelInsuranceTravel

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