Abstract
Finaccord' s report titled Travel Insurance and Assistance in Northern and
Central Europe investigates the market for stand-alone travel insurance and
assistance in ten 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 € 1.21 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 trade
entities changing on a regular basis. For this study, Finaccord has researched
nearly 700 travel trade firms and over 400 banks across Northern and Central
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. Thereport looks at ten countries in
total (Austria, the Czech Republic, Denmark, Germany, Hungary, Norway, Poland,
Slovakia, Sweden and Switzerland), and is accompanied by a PartnerBASE"!
database that details the arrangements of more than 1,100 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 ten 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 1,100 travel
trade entities and banks.
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