Abstract
Finaccord' s report titled 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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