Thomas Cook – The pioneer of travel insurance

    While Virgin Galactic and Blue Origin may romantically inspire space travel, modern travel is more concerned with on how to find cheap airplane tickets, clean hotel rooms and cheap travel insurance, thanks to Thomas Cook – the world’s first travel agent and travel insurance provider. This Englishman, in 1841 organised a train excursion taking 500 guests from Leicester to Loughborough in England for a meeting. He charged each of the passengers one shilling for the 24-mile round trip journey, giving birth to the travel agency.

    Travel insurance is thought of as a modern form of insurance, as it has become especially popular over the last 50 years. However, travel insurance has always existed in some capacity for nearly 150 years – since Thomas Cook days, and It has changed significantly with new types of coverage that protects travellers from expenses related to illnesses, trip cancellation, kidnapping, terrorism and other potential dangers of travel.

    After Cook’s initial success, he opened an office in London in 1865. His company lives on today as the Thomas Cook group, employing thousands of travel & insurance professionals around the world.


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