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Travel Insurance and Assistance in Southern and Western Europe
Finaccord, July 2009, Pages: 185
Travel Insurance and Assistance in Southern and Western Europe investigates the market for stand-alone travel insurance and assistance in eight countries in this region and is one of two studies published in July 2009 on the subject of travel insurance and assistance in Europe. This market is estimated by Finaccord to have been worth €1.69 billion in gross written premiums in 2008, and has been growing in most of the countries in the region. The market is also evolving rapidly in product design and distribution, with new channels emerging and partnerships with travel agents changing every year. Finaccord researched nearly 900 travel trade firms and over 400 banks across Southern and Western Europe, in addition to interviewing travel insurers and analysing company and market data to produce the most comprehensive and detailed report yet published on this topic, including several countries which have never been covered before in a published format.
The report looks at eight countries in Southern and Western Europe (Belgium, France, Ireland, Italy, the Netherlands, Portugal, Spain and the UK), and is accompanied by a PartnerBASE™ database that details the arrangements of more than 1,300 travel trade companies and banks for the distribution of travel insurance and assistance.
Key features of this report include:
- quantification of the market size and segmentation for travel insurance and assistance in eight countries: how much is the market worth and where is it growing fastest?
- segmentation of travel insurance policies between single trip and annual policies: are annual policies on the rise in every country and what are the obstacles to their growth?
- provider market shares by number of relationships: which providers of travel insurance and assistance policies have the most relationships with travel trade entities, which have been most successful with banks and how does this vary by country?
- commentary on distribution channels for each country: are banks active in selling stand-alone travel policies, or do they prefer to package travel cover with payment cards or bank accounts, and do direct distributors, brokers or affinity partners play a role in each country?
- availability of an accompanying PartnerBASE database that includes every travel insurance partnership traced by Finaccord for more than 1,300 travel trade entities and banks.
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