DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/9f4bg4/travel_insurance) has announced the addition of the "Travel Insurance Market Report 2014" report to their offering.
This Market Report provides an overview of the market for travel insurance in the UK. Travel insurance is a voluntary type of general insurance sold to individuals or groups of individuals to insure against unexpected events which can occur while they are overseas. Generally, this involves claims for medical expenses, delayed departures and lost or stolen property. However, different travel insurers and different policies vary on the type of cover they provide. Profiles of a selection of some of the UK's largest insurers active in the provision of travel insurance are provided in this report.
This report examines the market for travel insurance by analysing the travel trends of the UK's population, considering the number of overseas visits that take place each year and analysing the destinations of outbound UK travellers. The report also takes into account the demographics of the UK's population over the past 40 years and the way this has shifted, specifically relating to the age of the population and what this means for the travel insurance market.
The market for travel insurance has seen considerable fluctuations over the past 5 years in terms of gross written premiums, with sharp declines noted in 2011 and 2012 alongside lower demand for travel during the economic downturn. Between 2009 and 2013, gross written premiums for travel insurance declined by 7.3% due to lower demand; however, growth of 7.7% was noted in 2013 on the back of improving outbound travel. In volume terms, the number of travel insurance policies written fell by 19.8% between 2009 and 2012, although an increase of 2.3% was noted in 2013.
For the future, this publication forecasts that the value of the travel insurance market in the UK will increase by 11.6% between 2014 and 2018, as a resurgence in outbound travel occurs owing to the UK's improving economic fortunes. Much of this growth will be in the area of annual multi-trip policies, which will provide the engine for growth for the industry going forward.
Key Topics Covered:
- Executive Summary
- Market Definition
- Market Size
- Industry Background
- Competitor Analysis
- Strengths, Weaknesses, Opportunities and Threats
- Buying Behaviour
- Current Issues
- The Global Market
- AIG Europe Ltd
- AXA Insurance UK PLC
- Ageas Insurance Ltd
- Aviva PLC
- Cigna Insurance Services (Europe) Ltd
- Direct Line Insurance Group PLC
- GoCompare.com Ltd
- Liverpool Victoria Insurance Company Ltd
- Mondial Assistance (UK) Ltd
- MoneySupermarket.com Group PLC
- RSA Insurance Group PLC
- Saga Services Ltd
- The British United Provident Association Ltd
- The National Farmers Union Mut
For more information visit http://www.researchandmarkets.com/research/9f4bg4/travel_insurance