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“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) ` “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.

Travel insurance sales grew 20% following news of the delta variant, Squaremouth offers for comparison.

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