Travel Insurance Is Hugely Popular This Year. So Are Claims.

SYDNEY—Travel insurance is becoming more popular than ever as people get moving again. That isn’t necessarily a good thing for the companies providing coverage.

Global insurers say they are selling more policies and at higher prices as travel rebounds from the pandemic, with take-up among young people particularly strong. Some insurers have expanded coverage to include epidemics and pandemics that were previously excluded, offering protection against flight cancellations, lost baggage and medical assistance overseas.