Travel Insurance Industry

Table of Contents

1. Basics of Travel Insurance

• The Concept
• The Need
• The Scope
• Current Scenario
• Free Services
• Exclusions
• The Shortcomings

2. Travel Insurance Terms and Definitions

3. Types of Travel Risks

• Cancellation...
• Curtailment...
• Medical Expenses...
• Baggage Loss...

4. Types of Travel Insurance

5. Customer Considerations

• Choosing a Product...
• Affordable Alternatives...
• Customer Checklist...

6. International Medical Insurance

7. Air Travel Insurance Gets Costlier Post 9/11

8. Growth Prospects

9. Regional Perspective

9a. United States

• Travel Insurance Catches the Fancy of Americans
• The Market Tightens Up
• Travel Insurance in the US - A Special Case
• International Health Insurance
• Individual Health Insurance Plans Based in the US...
• Trip Insurance/Short-term Travel Insurance...
• Long-Term International Health Insurance (Only Overseas Coverage)...
• Long-Term International Health Insurance (Includes Home Country Coverage)...
• Winter Sports Coverage Plummets

9b. Europe

• Travel Insurance Sector Fueled by Britain' s Growing Emigrant Community...
• Growing Popularity of Annual Insurance Policies to Drive Travel Insurance Sector...
• Travel Insurance Markets Register Higher Value Growth...
• Increasing Foreign Trips Fuel Travel Insurance Penetration Levels...
• Ageing Passengers to Fuel Insurance Sales...
• Internet Aids Growth of Travel Insurance Market...
• Table 1: UK Recent Past, Current & Future Analysis for Travel Insurance Market in GBP Million for the Years 2006 through 2010 (includes corresponding Graph/Chart) ...
• In Sync with Health Insurance...
• Multi-Trip Policies Gaining Attention
• Travel Agents' Share Declines for Travel Insurance Distribution Channel
• Internet Aids Growth of Travel Insurance Market in the UK
• ATII Raises Concern on Travel Insurance Sales
• Travel Insurance Intermediaries Express Disapproval over Sales
• Table 2: UK Travel Insurance: Gross Written Premium in Pound Million for Years 2001 through 2005 (includes corresponding Graph/Chart)
• Market Leader

9c. Chile

• Picking up Steam

9d. Nigeria

• Dominance of The US Insurers in Oil & Gas and Travel Insurance Segments

9e. China

• Travel Insurance Experiences Rapid Growth in Shanghai

10. Recent Industry Activity

• AIG Takes Over Direct Travel Insurance
• Generali Receives Approval to Acquire PPF' s Insurance Business
• UnitedHealth Acquires Sierra
• AIG Takes over Travel Guard Companies
• USI Holdings Acquires Bertholon-Rowland
• IMG Travel Acquires Assets of GMC
• IBM Plans to Acquire Liberty Insurance Services
• Promina' s Vero Forms Joint Venture with CTIL
• Union Biztosito Proposes to Step into Travel Insurance Market

11. Strategic Developments in the Past

• RBC Commences Travel Insurance Business in US Market
• India Alive Tours Appointed Agent for Tata-AIG
• Primary Insurance Acquires UK Insurance' s Third Party Business
• Travelers P/C Spins Off from Citigroup

12. Product Launch

• Emirates Bank Launches meTRAVEL Insurance
• Squaremouth Launches Fully Customizable Travel Insurance System

13. Product Launch in the Past

• Insuremytrip.com' s Medical Evacuation Coverage

14. Focus on Select Players Worldwide

• Bulstrad DSK Life, Bulgaria
• Ceska Pojistovna AS, Czech Republic - Leading Insurer in the Czech Republic
• Equity Insurance Group Ltd, UK
• Direct Line, UK
• Generali -Providencia, Hungary
• Hiscox Ltd, UK
• NatWest Life, UK
• Sompo Japan Insurance Inc., Japan