UK Travel Insurance Market Research

1
UK Travel Insurance Market Growth
2

• The UK travel insurance market is very
  competitive unlike other lines where a select few
  providers have a wider customer base than others.
  This has resulted in a finely priced market in
  which rates are set to cover claims inflation.
  However, the extent of hardening will be limited
  by competition and the amount of choice available
  to consumers.
• Synopsis
• Gain an insight into the factors driving the
  travel insurance market and its dependence on the
  prosperity of the economy.
• A comparative study of single-trip and annual
  policies, and the channels affecting the
  distribution of these products.
• Discover how the socio-political situations in
  certain destinations are a cause for concern for
  insurers as well as holidaymakers.
• An analysis of the profit/loss ratios in the
  market and what this means for insurers and
  consumers alike.

3
Reasons to Buy Is the travel insurance market
profitable for insurers? Why are banks and
building societies popular for distributing
annual policies? How is the British pound faring
against the currencies of some of the world's top
travel destinations? Why are older travelers now
considered to be a target demographic, despite
being a greater risk to insurers?
4
Key Highlights Insurers are making small sums of
money from the market and it has remained this
way for several years after its peak in 2010. The
market is interlinked with the economy and the
levels of disposable income consumers have to
spend on travel. Travel insurance is often bought
for a specific trip or to cover several planned
trips. Consumers risk wasting an annual policy or
letting it lapse if they do not have sufficient
travel planned for the remainder of the policy
term.
5
For more information on the research report,
refer to below link https//www.kenresearch.com/
banking-financial-services-and-insurance/insurance
/uk-travel-insurance-market-dynamics-opportunities
/2233-93.html Contact UsKen ResearchAnkur
Gupta, Head Marketing CommunicationsAnkur_at_kenre
search.com91-9015378249
6
(No Transcript)