市場調査レポート

南北アメリカの旅行保険および支援サービス市場

Travel Insurance and Assistance in North and Latin America

発行 Finaccord Ltd. 商品コード 300648
出版日 ページ情報 英文 197 Pages
納期: 即日から翌営業日
価格
本日の銀行送金レート: 1USD=106.71円で換算しております。
Back to Top
南北アメリカの旅行保険および支援サービス市場 Travel Insurance and Assistance in North and Latin America
出版日: 2014年02月01日 ページ情報: 英文 197 Pages
概要

南北アメリカ旅行保険・支援サービス市場の規模は2013年総計上収入保険料で46億7000万ドルと試算され、これは2009年以降およそ14億ドルの幅で成長したことを示すもの。また、市場は新たな販路の台頭や有力提携企業の開拓を通じて、さらに競合・流通の動きを増しています。

当レポートでは、そうした北・中南米の旅行保険および支援サービス市場に注目し、同地域6カ国(アルゼンチン、ブラジル、カナダ、チリ、メキシコ、米国)810社の旅行業者、運輸・金融機関の流通連携を探るとともに、各国の自動車クラブ、直販業者、WEBサイトおよびオンライン仲介業者ほか、業界外の重要販路による旅行保険への関与についての分析情報など最新の市場情報を集めて、概略以下の構成でお届けします。

エグゼクティブサマリー

  • 地域外への旅行は近年総体的に安定成長
    • 2桁の年間成長率を見せるアルゼンチンとチリ
  • 地域中、国際旅行客がもっとも多く訪れる国はカナダ
  • 国外への旅行客は大半が南北アメリカ地域外に出かけない
  • 地域全体として、総計上収入保険料は実質6%を超える年間成長率を維持
  • 北米が南米に著しく勝る旅行保険加入率
    • ただし、平均保険料は米国に比べてアルゼンチンやブラジルのほうがかなり高額
  • 支援サービスカードは中南米の全旅行代理店で取り扱われている模様
  • スタンドアロン旅行保険スキームの大多数は独立保険会社が関与
  • 上記セクターの代表的事業者はACE、AIG、Grupo IMAS、STARRなど
  • 地域レベルでは2017年まで見込まれる堅実成長
    • ただし、国によっては通貨切り下げが業績に影響することも

第1章 イントロダクション

  • レポートの主題
  • 論点
    • 当レポートはFinaccord社の画期的前回レポートを更新・拡大するもの
  • 調査方法
    • 一次調査(直接取材)
      • 800社超の旅行業者、運輸・金融機関に対するアンケート調査など
    • 市場データ
    • 外部情報源
  • 旅行保険と支援サービス:統合的に扱う理由
  • 定義
  • 用語・略語
  • 旅行保険・支援サービスパッケージの種類
  • 運用モデル
  • 通貨、為替レート、インフレーション
  • PartnerBASEと付属市場データ
  • Finaccord

第2章 地域概要

  • イントロダクション
    • 基礎となる外国旅行市場
      • 旅行回数
        • 比較的低調な米国成熟市場の現況
        • 1人当たりの旅行回数ではカナダ国民が最大
        • 国民の富裕度と外国旅行頻度に相関性はほどんど無し
      • 渡航目的
        • アルゼンチンとチリでは商用渡航の割合が最大
        • 中南米全般で観光旅行が商用渡航を上回る幅で急増中
      • 目的地
        • メキシコおよびカナダ発旅行市場の主流は米国行き
  • 旅行保険・支援サービス市場
    • 契約件数と保険料価額
    • 市場統計
    • 旅行業者、運輸・金融機関を通じての販売
    • 保険料
    • 運用モデル
    • 競合環境
    • ペイメントカードや銀行口座に連動した販売
  • 予測
    • 基礎となる外国旅行市場
    • 旅行保険・支援サービス市場

第3章 アルゼンチン

  • イントロダクション
    • 基礎となる外国旅行市場
  • 旅行保険・支援サービス市場
    • 旅行業者、運輸・金融機関を通じての販売
      • 調査対象とした組織のサマリー
      • 保険料
      • 運用モデル
      • 企業別提携件数シェア
    • ペイメントカードや銀行口座に連動した販売
    • その他の販売チャネル
      • 自動車クラブ
      • 保険会社による直販
      • WEBサイトおよびオンライン仲介業者
      • その他のオンラインブランド
      • 小売店
      • 他種の販売業者
  • 予測
    • 基礎となる外国旅行市場
    • 旅行保険・支援サービス市場

第4章 ブラジル

  • イントロダクション
  • 旅行保険・支援サービス市場
  • 予測

第5章 カナダ

  • イントロダクション
  • 旅行保険・支援サービス市場
  • 予測

第6章 チリ

  • イントロダクション
  • 旅行保険・支援サービス市場
  • 予測

第7章 メキシコ

  • イントロダクション
  • 旅行保険・支援サービス市場
  • 予測

第8章 米国

  • イントロダクション
  • 旅行保険・支援サービス市場
  • 予測
目次
Product Code: report_tia_nla

‘Travel Insurance and Assistance in North and Latin America’ investigates the market for stand-alone travel insurance and assistance in six countries, namely, Argentina, Brazil, Canada, Chile, Mexico and the US.

This market is estimated by Finaccord to have been worth USD 4.67 billion in gross written premiums in 2013 having increased by almost USD 1.40 billion since 2009. Moreover, the competitive and distribution dynamics of the market continue to evolve with new channels emerging and partnerships with major distributors subject to regular change.

For the research, Finaccord investigated the distribution partnerships of 810 travel trade, transportation and financial organisations across the region; it also analysed systematically the involvement in travel insurance in each country of other key distributor categories, namely automotive clubs, direct sales, online aggregators and brokers, other online brands, and retailers.

The report is accompanied by an Excel PartnerBASE™ dataset that details the travel insurance partnerships of each of the travel trade, transportation and financial organisations covered, plus a convenient market data annexe, also in Excel format.

Key findings from the executive summary include:

  • the number of foreign trips (lasting one night or more) across the six countries in North and Latin America increased from 121 million in 2009 to 139 million in 2013, which equates to a compound annual growth rate of 3.6% during this period;
  • on average, annual policies accounted for 10.6% of all stand-alone travel cover sold during 2013, and annual policies are perceived to be most significant in Canada and least widespread in Mexico;
  • across its various subsidiaries, ACE is the leading provider of travel insurance and assistance in North and Latin America, as measured by the number of partnerships held with travel trade, transportation and financial organisations, and it is active in all ten of the countries investigated;
  • gross written premiums from stand-alone travel insurance and assistance in the ten countries are forecast to increase to USD 6.53 billion in 2016 which, after taking inflation into account, would represent an increase of 5.2% per year between 2012 and 2016.

Table of Contents

0.0 EXECUTIVE SUMMARY

  • Outbound travel from this region as a whole has registered steady growth in recent years...
  • ...and Argentina and Chile are both experiencing double-digit annual growth
  • Residents of Canada are the most frequent international travellers in the region
  • Most outbound travellers from these countries do not venture beyond the Americas
  • Regionally, gross written premiums have been rising at more than 6% per annum in real terms
  • Uptake of travel insurance is noticeably higher in North America than in Latin America...
  • ...whereas average policy prices are very high in Argentina and Brazil compared to the US
  • Assistance cards are available from seemingly all travel agents in Latin America
  • The majority of stand-alone travel schemes involve a single external underwriter
  • Leading providers in this sector include ACE, AIG, Grupo IMAS and STARR
  • At a regional level, further strong growth is predicted up to 2017...
  • ... although currency depreciation may affect the outcome in certain countries

1.0 INTRODUCTION

  • What is this report about?
  • Rationale
  • This report updates and expands upon Finaccord's previous ground-breaking research
  • Methodology
  • Primary research
  • The survey includes more than 800 travel trade, transportation and financial organisations...
  • ...and draws on a separate analysis of travel benefits linked to more than 1,600 banking products
  • Market data
  • External sources
  • Travel insurance and assistance: how it all fits together
  • The term 'travel insurance' can refer to protection from a heterogeneous range of risks...
  • ...and assistance companies play a fundamental role in the global travel insurance industry
  • Definitions
  • Terms and abbreviations
  • Types of packaged travel insurance and assistance
  • Operating models
  • Currencies, exchange rates and inflation
  • PartnerBASE and market data annexe
  • Finaccord

2.0 REGIONAL OVERVIEW

  • Introduction
  • Underlying foreign travel markets
  • Number of trips
  • Outbound travel from this region as a whole continues to develop at a steady rate
  • The mature US market is now relatively stagnant...
  • ...whereas a number of Latin American countries are experiencing double-digit annual growth
  • In terms of the number of trips per capita, Canadians are the most frequent foreign travellers...
  • ...but Argentina displays the strongest growth according to this measure
  • There is little correlation between citizens' wealth and their outbound travel habits...
  • ...which can be partly explained by the prevailing modes of transport and choice of destination
  • Purpose of trips
  • Business trips account for the highest proportion of total trips in Argentina and Chile
  • Across much of Latin America, leisure travel is growing more quickly than business travel
  • Destination of trips
  • The Mexican and Canadian outbound markets are dominated by travel to the US...
  • ...and the significance of intra-regional travel (as opposed to long-haul trips) is plainly apparent
  • Markets for travel insurance and assistance
  • Policy numbers and value of premiums
  • In real terms, gross written premiums in this region are increasing at more than 6% per annum
  • In absolute terms, the four Latin American markets are dwarfed by their two Northern counterparts
  • In two countries, estimated policy volumes are experiencing double-digit annual growth...
  • ...and insurance uptake continues to rise even in the already-mature US market
  • Of the six countries, Argentina's market is seeing the fastest real-terms growth in premiums
  • Consumers' awareness and use of annual policies is rising throughout the Americas...
  • ...although annual cover can be very expensive in Latin American countries
  • Market metrics
  • On a per capita basis, Brazil generates the lowest premium values from stand-alone travel cover
  • Canada and the US register the highest number of policies per trip
  • Average policy prices are particularly high in Argentina and Brazil
  • Distribution through travel trade, transportation and financial organisations
  • Provision rates
  • Travel agents / tour operators: travel cover is available from almost all organisations researched
  • Online travel specialists: this distribution channel appears less developed in the US than in Canada
  • Airlines: provision is strongest in Canada (where 83% of airlines offer cover) and weakest in Argentina
  • Ferry operators: the majority of these entities do not actively distribute travel policies
  • Railway operators: Amtrak offers cover on bookings made in both the US and Canada
  • Banking organisations: distribution of stand-alone cover is strongest in Canada, followed by Chile
  • Specialised card providers: several Brazilian card issuers offer stand-alone travel policies
  • Operating models
  • The vast majority of stand-alone travel schemes involve a single external underwriter...
  • ...although specialist intermediaries play a fairly significant role in the US market
  • Competitive landscape
  • Canada has the most concentrated stand-alone market in the region, followed by Argentina
  • At group level, ACE is the most common underwriting partner for stand-alone schemes...
  • ...and other leading providers include AIG, Grupo IMAS and STARR
  • Distribution linked to payment cards and bank accounts
  • In most countries, individual elements of cover are far more common than comprehensive policies
  • Forecasts
  • Underlying foreign travel markets
  • A number of outbound travel sectors will exhibit strong growth between 2013 and 2017...
  • ...although the number of travellers originating from the US will make little progress
  • Markets for travel insurance and assistance
  • At a regional level, policy volumes are forecast to rise at almost 5% per annum...
  • ...and similar, real-terms increases in gross written premiums are expected up to 2017
  • Before possible future currency depreciation, the strongest growth is expected to occur in Argentina

3.0 ARGENTINA

  • Introduction
  • Underlying foreign travel market
  • Argentina's outbound travel market has continued to experience double-digit growth in recent years...
  • ...thanks largely to the strength of its holiday and VFR segments...
  • ...although many of these trips are undertaken by road rather than by air (or sea)
  • Around three quarters of outbound travellers head to other countries in Latin America
  • Market for travel insurance and assistance
  • Insurance uptake is still relatively low amongst intra-regional travellers...
  • ...although gross written premiums are growing quickly, in both nominal and real terms...
  • ...notwithstanding Argentina's very high levels of consumer price inflation
  • Annual policies remain largely the preserve of frequent business travellers
  • Distribution through travel trade, transportation and financial organisations
  • Summary of organisations researched
  • Provision rates
  • Insurance availability is seemingly ubiquitous among travel agents, but fairly weak among airlines...
  • ...and relatively few banks or similar organisations sell travel policies on a stand-alone basis
  • Operating models
  • The majority of distributors in Argentina choose to partner with a single, external provider
  • Competitor share of partnerships
  • Assist-Card and two brands belonging to Grupo IMAS have a very large number of travel trade distributors...
  • ...and many providers benefit from national agreements with large travel agency networks
  • Other highly visible competitors in this area include APRIL and Assist-Med
  • Allianz Global Assistance distributes travel policies through a number of airlines
  • Only four providers sell stand-alone cover through banks or credit card companies
  • Travel insurance and assistance linked to payment cards and bank accounts
  • More than three quarters of credit card products feature one or more types of travel cover...
  • ...but provision of the different types of policy varies between standard and premium products
  • Other distribution channels
  • Automotive clubs
  • Direct distribution by insurance underwriters
  • Many providers sell cover directly to consumers, although some notable underwriters do not
  • Online aggregators and brokers
  • There are a number of generic and travel-specific insurance aggregators in this market
  • Other online brands
  • AXA and Grupo IMAS each distribute travel cover through various online agents
  • Retailers
  • Several major retail brands are active indirectly via travel agency or financial subsidiaries
  • Other types of distributor
  • Forecasts
  • Underlying foreign travel market
  • The number of foreign holiday trips is expected to grow at more than 10% per annum up to 2017
  • Market for travel insurance and assistance
  • In real terms, premiums are likely to exhibit annual growth of around 12% in the coming years...
  • ... although the projected US dollar market value is vulnerable to further local currency devaluation

4.0 BRAZIL

  • Introduction
  • Underlying foreign travel market
  • Brazil's outbound travel sector grew at around 7% per year between 2009 and 2013
  • Two destination countries jointly account for almost 40% of foreign trips undertaken by Brazilians
  • Market for travel insurance and assistance
  • Most travel insurance comes in the form of 'assistance cards'
  • In real terms, Brazil's travel insurance market is outpacing growth in the number of overseas trips...
  • ...and an increasing proportion of travel policies take the form of annual or multi-trip cover
  • Distribution through travel trade, transportation and financial organisations
  • Summary of organisations researched
  • Provision rates
  • Seemingly all traditional and online travel agents can offer insurance to their customers...
  • ...whereas availability of stand-alone cover from banks is still relatively low
  • Operating models
  • A significant proportion of travel agents offer cover on behalf of two or more providers...
  • ...whereas Banco do Brasil makes use of its joint venture underwriter in this context
  • Competitor share of partnerships
  • Leading assistance card providers include Assist-Card, GTA and MIC Coris International...
  • ...and Travel Ace Assistance benefits from a number of group-level travel trade partnerships
  • There are a large number of providers and underwriters working with Brazil's travel trade
  • Allianz Global Assistance claims the most partnerships with major airlines serving Brazil
  • More than half of banking organisations underwrite travel cover on a captive or joint venture basis...
  • ...although there are also several external partners working with financial organisations
  • Travel insurance and assistance linked to payment cards and bank accounts
  • More than half of credit cards feature one or more elements of travel insurance cover...
  • ...but provision of the individual types of policy varies greatly between standard and premium cards
  • Other distribution channels
  • Automotive clubs
  • Direct distribution by insurance underwriters
  • Numerous providers sell travel cover directly to consumers, whereas some large underwriters do not
  • Online aggregators and brokers
  • Both generic and travel-specific aggregators play an active role in Brazil
  • Other online brands
  • Among others, AXA and SulAmérica distribute travel cover through separate online brands
  • Retailers
  • A number of retailers incorporate travel agencies, and therefore sell travel insurance
  • Other types of distributor
  • Forecasts
  • Underlying foreign travel market
  • Robust growth in the number of foreign holiday trips is expected to persist
  • Market for travel insurance and assistance
  • In nominal terms, premiums are likely to exhibit annual growth of more than 15%

5.0 CANADA

  • Introduction
  • Underlying foreign travel market
  • Canada's outbound travel sector has continued to grow quite rapidly in recent years
  • The US is by far the most common destination, accounting for around 70% of foreign trips
  • Market for travel insurance and assistance
  • In real terms, Canada's travel insurance market is growing at more than 8% per annum...
  • ...and annual or multi-trip policies represent a fairly significant segment of this market
  • Distribution through travel trade, transportation and financial organisations
  • Summary of organisations researched
  • Provision rates
  • Policies are available from the vast majority of travel agents, and from a number of leading airlines
  • Around half of Canada's banks - including each of the Big Five - offer stand-alone travel cover
  • Operating models
  • The vast majority of distributors in Canada choose to partner with a single, external underwriter...
  • ...although some banks make use of captive insurance companies, and one works with a broker
  • Competitor share of partnerships
  • Three Canadian insurers account for more than 80% of schemes operated by the travel trade
  • Manulife benefits from a group-level partnership with the Globus family of brands...
  • ... and stands to benefit hugely from a deal struck with RBC Insurance during 2013
  • Allianz Global Assistance appears to focus on partnering with online travel specialists
  • Allianz Global Assistance, RBC Insurance and Manulife each partner with a number of airlines...
  • ...and the policies available through British Airways have a more complicated supply structure
  • Manulife and TIC are the most common partners for financial organisations selling stand-alone cover...
  • ...although the research identified a large number of captive and external providers in this area
  • Travel insurance and assistance linked to payment cards and bank accounts
  • More than 35% of credit card products feature comprehensive travel cover...
  • ...but provision of the different types of travel cover varies between standard and premium cards
  • Other distribution channels
  • Automotive clubs
  • Two automotive clubs have formed a new insurance company specialising in travel cover
  • Direct distribution by insurance underwriters
  • The majority of leading providers are equipped to sell travel policies directly to the consumer...
  • ...although several prominent property and casualty insurers do not offer travel insurance
  • Online aggregators and brokers
  • Many of Canada's leading insurance aggregators compare travel insurance
  • Other online brands
  • Retailers
  • Travel policies are available from two of Canada's largest retail groups
  • Other types of distributor
  • The Canadian Snowbird Association is a very relevant affinity partner for travel insurance
  • Forecasts
  • Underlying foreign travel market
  • The number of foreign business trips is expected to grow at around 7% per annum
  • Market for travel insurance and assistance
  • In nominal terms, premiums are likely to exhibit annual growth of more than 9% in the coming years

6.0 CHILE

  • Introduction
  • Underlying foreign travel market
  • Chileans make around 3.5 million overnight trips each year, and that number is growing steadily...
  • ...although road travel to immediately neighbouring countries remains significant
  • Argentina and Peru jointly account for more than two thirds of all foreign trips
  • Market for travel insurance and assistance
  • Travel insurance generally takes the form of 'assistance card' products
  • In real terms, Chile's travel insurance market is growing at more than 12% per year...
  • ...and annual policies remain an expensive option largely reserved for business travellers
  • Distribution through travel trade, transportation and financial organisations
  • Summary of organisations researched
  • Provision rates
  • Virtually all travel trade entities offer insurance, whereas only a quarter of airlines do so...
  • ...and the availability of stand-alone cover from banks is also relatively weak
  • Operating models
  • Almost 30% of distributors offer their customers a choice of two or more insurance providers...
  • Competitor share of partnerships
  • Travel Ace Assistance and Assist-Card are the two providers most used by the travel trade...
  • ...although exclusive distribution agreements are fairly rare in this market
  • Other fairly visible providers in this area include APRIL, MOK Travel Assist and Universal Assistance
  • In the field of distribution via airlines, Travel Assist benefits from its relationship with the LATAM group
  • MAPFRE SegurViaje's stand-alone policies are available from three retail banks ...
  • ...and Banco Santander underwrites its travel policies via a joint venture with Zurich
  • Travel insurance and assistance linked to payment cards and bank accounts
  • More than 60% of credit card products feature one or more types of travel cover...
  • ...and around a fifth of premium products feature comprehensive travel policies
  • Other distribution channels
  • Automotive clubs
  • Direct distribution by insurance underwriters
  • Most of Chile's best-known travel assistance brands also sell direct to the consumer...
  • ... as do most major non-life insurance underwriters
  • Online aggregators and brokers
  • Both home-grown and multinational aggregators are present in this market
  • Other online brands
  • Go! Travel Assistance and Pervolare operate a number of websites in Chile
  • Retailers
  • Several major retail brands are active indirectly via travel agency or financial subsidiaries
  • Other types of distributor
  • Forecasts
  • Underlying foreign travel market
  • Up to 2017, the number of foreign holiday trips is expected to grow at around 6.5% per annum
  • Market for travel insurance and assistance
  • In real terms, gross written premiums are expected to increase by more than 8% annually

7.0 MEXICO

  • Introduction
  • Underlying foreign travel market
  • Mexicans undertake around 16 million overnight trips each year, and that number is growing consistently...
  • ...albeit road transport remains the primary means of travelling to the US
  • Trips to the US dominate Mexico's outbound sector, leaving little room for long-haul travel
  • Market for travel insurance and assistance
  • Uptake of travel insurance is relatively low amongst Mexicans heading to the US
  • In real terms, Mexico's stand-alone market is growing at around 6% per year...
  • ...and the vast majority of these policies take the form of single-trip cover
  • Distribution through travel trade, transportation and financial organisations
  • Summary of organisations researched
  • Provision rates
  • Cover is seemingly available from all travel agents, plus a number of significant airlines...
  • ...although very few banks or credit card companies promote stand-alone travel policies
  • Operating models
  • The vast majority of distributors in Mexico choose to partner with a single, external provider
  • Competitor share of partnerships
  • Four competitors account for more than three quarters of the schemes operated by the travel trade
  • Assist-Card and MAPFRE each have a number of significant group-level distribution contracts
  • AIG and Allianz Global Assistance each claim partnerships with online travel specialists...
  • ... with the latter company also strong as a provider of travel insurance to airlines
  • Two banking networks controlled by Banorte make use of the group's joint venture with Generali
  • Travel insurance and assistance linked to payment cards and bank accounts
  • Around three quarters of credit card products feature one or more forms of travel cover...
  • ...and the provision of each type of travel benefit is higher among premium cards
  • Other distribution channels
  • Automotive clubs
  • Direct distribution by insurance underwriters
  • All of Mexico's leading travel assistance brands can sell directly to consumers...
  • ...as do a handful of other underwriters
  • Online aggregators and brokers
  • Mexico hosts numerous aggregators dedicated to comparing travel insurance quotes...
  • Other online brands
  • ...and other notable websites are operated by Go! Travel Assistance, Pervolare and Proventum
  • Retailers
  • Several major retail brands are active indirectly via travel agency or financial subsidiaries
  • Other types of distributor
  • Several mobile operators act as intermediaries of travel insurance or assistance policies
  • Forecasts
  • Underlying foreign travel market
  • The relatively strong growth in Mexico's business travel sector is expected to continue
  • Market for travel insurance and assistance
  • In nominal terms, premiums are expected to exhibit nominal annual growth of more than 9%

8.0 USA

  • Introduction
  • Underlying foreign travel market
  • The US outbound travel sector has recovered from its pre-2012 troubles...
  • ...and VFR trips represent an important part of the leisure travel segment
  • Land-based travel to Canada and Mexico is highly significant in this market...
  • ...and the UK remains the most popular European destination
  • Market for travel insurance and assistance
  • In real terms, the US international travel insurance market is growing at around 3.3% per year...
  • ...with cover for trip cancellation and interruption remaining the top priority for most consumers
  • Distribution through travel trade, transportation and financial organisations
  • Summary of organisations researched
  • Provision rates
  • Whilst more than 90% of mainstream travel agents and tour operators sell policies...
  • ...the availability of stand-alone cover from US banks is extremely low
  • Operating models
  • The majority of distributors choose to partner with a single, external underwriter...
  • ...although the use of brokers is also relatively common in this market
  • Competitor share of partnerships
  • Three providers, including Travel Guard, account for 70% of schemes operated by the travel trade
  • The policies of Allianz Global Assistance can be underwritten by two different insurers
  • Specialist brokers such as BerkelyCare and Travelex hold a number of key travel trade contracts
  • The majority of Trip Mate's programs are underwritten by the US Fire Insurance Company
  • Allianz Global Assistance and Travel Guard are the most common partners for airlines...
  • ...although three other providers are also active in this sector
  • Very few underwriters distribute stand-alone travel cover via consumer-facing banks
  • Travel insurance and assistance linked to payment cards and bank accounts
  • Around two thirds of credit card products feature one or more types of travel cover...
  • ...but provision of travel benefits is much higher in relation to premium payment card products
  • Other distribution channels
  • Sales via non-traditional distribution channels have increased rapidly in recent years
  • Automotive clubs
  • Travel cover is available from a significant number of the country's major automotive clubs
  • Direct distribution by insurance underwriters
  • Underwriters specialising in travel insurance often sell directly to customers...
  • ... but the appetite among major multi-line insurers appears to be more muted
  • Online aggregators and brokers
  • There are a number of dedicated travel insurance comparison sites in the US
  • Other online brands
  • Policies promoted by TruTravel Insurance are underwritten by Nationwide
  • Retailers
  • Other types of distributor
  • One major US insurer's entire business is focused on a very large affinity group
  • Forecasts
  • Underlying foreign travel market
  • In the short-term, growth in outbound trips will relate largely to the recovering business travel sector
  • Market for travel insurance and assistance
  • In nominal terms, premiums are likely to exhibit annual growth of around 4% between 2013 and 2017

LIST OF GRAPHICS / TABLES

0.0 EXECUTIVE SUMMARY

  • Key market data for travel insurance and assistance in North and Latin America, 2009 to 2013

1.0 INTRODUCTION

  • Number of travel trade, transportation and financial organisations covered by the research, segmented by country and by type of organisation, 2013
  • Travel insurance and assistance: how it all fits together

2.0 REGIONAL OVERVIEW

  • Number of foreign trips undertaken by residents of North and Latin America, segmented by country, 2009 to 2013
  • Number of foreign trips undertaken by residents of North and Latin America segmented by country, 2009 to 2013 (table)
  • Number of foreign trips per capita in North and Latin America, segmented by country, 2009 to 2013
  • Number of foreign trips per capita in North and Latin America , segmented by country, 2009 to 2013 (table)
  • GDP per capita versus number of foreign trips per capita in North and Latin America, segmented by country, 2013
  • GDP per capita versus number of foreign trips per capita in North and Latin America, segmented by country, 2013 (table)
  • Purpose of foreign trips undertaken by residents of North and Latin America, segmented by country, 2013
  • Purpose of foreign trips undertaken by residents of North and Latin America, segmented by country, 2013 (table)
  • Compound annual growth in foreign trips undertaken by residents of North and Latin America, segmented by country and by purpose of trip, 2009 to 2013
  • Concentration of leading destinations for outbound travellers from North and Latin America, segmented by country, 2011 and 2012
  • Concentration of leading destinations for outbound travellers from North and Latin America, segmented by country, 2011 and 2012 (table)
  • Estimated single-trip and annual policy numbers and gross written premiums for stand-alone travel insurance and assistance in North and Latin America, 2009 to 2013
  • Relative size of estimated gross written premiums for stand-alone travel insurance and assistance in North and Latin America, segmented by country, 2013
  • Compound annual growth in the estimated number of stand-alone travel insurance and assistance policies in North and Latin America, segmented by country, 2009 to 2013
  • Compound annual growth in estimated gross written premiums for stand-alone travel insurance and assistance in North and Latin America, segmented by country, 2009 to 2013
  • Estimated policy numbers and gross written premiums for stand-alone travel insurance and assistance in North and Latin America, segmented by country, 2009 to 2013
  • Proportion of stand-alone travel insurance and assistance policies in North and Latin America that are annual policies, segmented by country, 2009 and 2013
  • Proportion of stand-alone travel insurance and assistance policies in North and Latin America that are annual policies, segmented by country, 2009 to 2013 (table)
  • Estimated gross written premiums per capita for stand-alone travel insurance and assistance in North and Latin America, segmented by country, 2009 and 2013
  • Estimated policy numbers and gross written premiums per capita for stand-alone travel insurance and assistance in North and Latin America, segmented by country, 2009 to 2013
  • GDP per capita versus gross written premiums per capita for stand-alone travel insurance and assistance in North and Latin America, segmented by country, 2013
  • GDP per capita versus gross written premiums per capita for stand-alone travel insurance and assistance in North and Latin America, segmented by country, 2013 (table)
  • Estimated average value of policies for stand-alone travel insurance and assistance in North and Latin America, segmented by country, 2009 and 2013
  • Estimated policy numbers per trip and average value of policies for stand-alone travel insurance and assistance in North and Latin America, segmented by country, 2009 to 2013
  • Provision rates for stand-alone travel insurance and assistance, segmented by country, 2013: travel agents and tour operators
  • Provision rates for stand-alone travel insurance and assistance, segmented by country, 2013: online travel specialists
  • Provision rates for stand-alone travel insurance and assistance, segmented by country, 2013: airlines
  • Provision rates for stand-alone travel insurance and assistance, segmented by country, 2013: ferry operators
  • Provision rates for stand-alone travel insurance and assistance, segmented by country, 2013: railway operators
  • Provision rates for stand-alone travel insurance and assistance, segmented by country, 2013: banking organisations
  • Provision rates for stand-alone travel insurance and assistance, segmented by country, 2013: specialised card providers
  • Operating models used by travel trade, transportation and financial organisations for stand-alone travel insurance and assistance, segmented by country, 2013
  • Operating models used by travel trade, transportation and financial organisations for stand-alone travel insurance and assistance, segmented by country, 2013 (table)
  • Market concentration of partners used by travel trade, transportation and financial organisations for stand-alone travel insurance and assistance, segmented by country, 2013
  • Market concentration of partners used by travel trade, transportation and financial organisations for stand-alone travel insurance and assistance, segmented by country, 2013 (table)
  • Leading providers used by travel trade, transportation and financial organisations in North and Latin America for stand-alone travel insurance and assistance, 2013
  • Provision rates for travel insurance and assistance linked to credit cards in North and Latin America, segmented by country and by type of cover, 2013
  • Provision rates for travel insurance and assistance linked to credit cards and packaged accounts in North and Latin America, segmented by country and by type of cover, 2013 (table)
  • Forecast growth in the number of foreign trips undertaken by residents of North and Latin America, segmented by country, 2017
  • Forecast compound annual growth in foreign trips undertaken by residents of North and Latin America, segmented by country, 2013 to 2017
  • Forecast growth in policy numbers and gross written premiums for stand-alone travel insurance and assistance in North and Latin America, segmented by country, 2017
  • Forecast compound annual growth in the number of stand-alone travel insurance and assistance policies in North and Latin America, segmented by country, 2013 to 2017
  • Forecast compound annual growth in gross written premiums for stand-alone travel insurance and assistance in North and Latin America, segmented by country, 2013 to 2017

3.0 ARGENTINA

  • Number of foreign trips undertaken by residents of Argentina, segmented by purpose of trip, 2009 to 2013
  • Number of foreign trips undertaken by residents of Argentina, segmented by purpose of trip, 2009 to 2013 (table)
  • Destinations of foreign trips undertaken by residents of Argentina, 2012
  • Estimated gross written premiums and policy numbers for travel insurance and assistance in Argentina, 2009 to 2013
  • Estimated gross written premiums and policy numbers for travel insurance and assistance in Argentina, 2009 to 2013 (table)
  • Summary of travel trade, transportation and financial organisations researched in Argentina, segmented by type, 2013
  • Provision rates for stand-alone travel insurance and assistance in Argentina, segmented by type of travel trade, transportation and financial organisation, 2013
  • Operating models used for stand-alone travel insurance and assistance in Argentina, segmented by type of travel trade, transportation and financial organisation, 2013
  • Operating models used for stand-alone travel insurance and assistance in Argentina, segmented by type of travel trade, transportation and financial organisation, 2013 (table)
  • Competitor share of partnerships for stand-alone travel insurance and assistance in Argentina, 2013: travel trade organisations
  • Competitor share of partnerships for stand-alone travel insurance and assistance in Argentina, 2013: transportation organisations
  • Competitor share of partnerships for stand-alone travel insurance and assistance in Argentina, 2013: financial organisations
  • Provision rates for travel insurance and assistance linked to payment cards and bank accounts in Argentina, segmented by product function and level, and by type of cover, 2013
  • Forecast number of foreign trips undertaken by residents of Argentina, segmented by purpose of trip, 2017
  • Forecast number of foreign trips undertaken by residents of Argentina, segmented by purpose of trip, 2017 (table)
  • Forecast gross written premiums and policy numbers for travel insurance and assistance in Argentina, 2017
  • Forecast gross written premiums and policy numbers for travel insurance and assistance in Argentina, 2017 (table)

4.0 BRAZIL

  • Number of foreign trips undertaken by residents of Brazil, segmented by purpose of trip, 2009 to 2013
  • Number of foreign trips undertaken by residents of Brazil, segmented by purpose of trip, 2009 to 2013 (table)
  • Destinations of foreign trips undertaken by residents of Brazil, 2012
  • Estimated gross written premiums and policy numbers for travel insurance and assistance in Brazil, 2009 to 2013
  • Estimated gross written premiums and policy numbers for travel insurance and assistance in Brazil, 2009 to 2013 (table)
  • Summary of travel trade, transportation and financial organisations researched in Brazil, segmented by type, 2013
  • Provision rates for stand-alone travel insurance and assistance in Brazil, segmented by type of travel trade, transportation and financial organisation, 2013
  • Operating models used for stand-alone travel insurance and assistance in Brazil, segmented by type of travel trade, transportation and financial organisation, 2013
  • Operating models used for stand-alone travel insurance and assistance in Brazil, segmented by type of travel trade, transportation and financial organisation, 2013 (table)
  • Competitor share of partnerships for stand-alone travel insurance and assistance in Brazil, 2013: travel trade organisations
  • Competitor share of partnerships for stand-alone travel insurance and assistance in Brazil, 2013: transportation organisations
  • Competitor share of partnerships for stand-alone travel insurance and assistance in Brazil, 2013: financial organisations
  • Provision rates for travel insurance and assistance linked to payment cards and bank accounts in Brazil, segmented by product function and level, and by type of cover, 2013
  • Forecast number of foreign trips undertaken by residents of Brazil, segmented by purpose of trip, 2017
  • Forecast number of foreign trips undertaken by residents of Brazil, segmented by purpose of trip, 2017 (table)
  • Forecast gross written premiums and policy numbers for travel insurance and assistance in Brazil, 2017
  • Forecast gross written premiums and policy numbers for travel insurance and assistance in Brazil, 2017 (table)

5.0 CANADA

  • Number of foreign trips undertaken by residents of Canada, segmented by purpose of trip, 2009 to 2013
  • Number of foreign trips undertaken by residents of Canada, segmented by purpose of trip, 2009 to 2013 (table)
  • Destinations of foreign trips undertaken by residents of Canada, 2012
  • Estimated gross written premiums and policy numbers for travel insurance and assistance in Canada, 2009 to 2013
  • Estimated gross written premiums and policy numbers for travel insurance and assistance in Canada, 2009 to 2013 (table)
  • Summary of travel trade, transportation and financial organisations researched in Canada, segmented by type, 2013
  • Provision rates for stand-alone travel insurance and assistance in Canada, segmented by type of travel trade, transportation and financial organisation, 2013
  • Operating models used for stand-alone travel insurance and assistance in Canada, segmented by type of travel trade, transportation and financial organisation, 2013
  • Operating models used for stand-alone travel insurance and assistance in Canada, segmented by type of travel trade, transportation and financial organisation, 2013 (table)
  • Competitor share of partnerships for stand-alone travel insurance and assistance in Canada, 2013: travel trade organisations
  • Competitor share of partnerships for stand-alone travel insurance and assistance in Canada, 2013: transportation organisations
  • Competitor share of partnerships for stand-alone travel insurance and assistance in Canada, 2013: financial organisations
  • Provision rates for travel insurance and assistance linked to payment cards and bank accounts in Canada, segmented by product function and level, and by type of cover, 2013
  • Forecast number of foreign trips undertaken by residents of Canada, segmented by purpose of trip, 2017
  • Forecast number of foreign trips undertaken by residents of Canada, segmented by purpose of trip, 2017 (table)
  • Forecast gross written premiums and policy numbers for travel insurance and assistance in Canada, 2017
  • Forecast gross written premiums and policy numbers for travel insurance and assistance in Canada, 2017 (table)

6.0 CHILE

  • Number of foreign trips undertaken by residents of Chile, segmented by purpose of trip, 2009 to 2013
  • Number of foreign trips undertaken by residents of Chile, segmented by purpose of trip, 2009 to 2013 (table)
  • Destinations of foreign trips undertaken by residents of Chile, 2012
  • Estimated gross written premiums and policy numbers for travel insurance and assistance in Chile, 2009 to 2013
  • Estimated gross written premiums and policy numbers for travel insurance and assistance in Chile, 2009 to 2013 (table)
  • Summary of travel trade, transportation and financial organisations researched in Chile, segmented by type, 2013
  • Provision rates for stand-alone travel insurance and assistance in Chile, segmented by type of travel trade, transportation and financial organisation, 2013
  • Operating models used for stand-alone travel insurance and assistance in Chile, segmented by type of travel trade, transportation and financial organisation, 2013
  • Operating models used for stand-alone travel insurance and assistance in Chile, segmented by type of travel trade, transportation and financial organisation, 2013 (table)
  • Competitor share of partnerships for stand-alone travel insurance and assistance in Chile, 2013: travel trade organisations
  • Competitor share of partnerships for stand-alone travel insurance and assistance in Chile, 2013: transportation organisations
  • Competitor share of partnerships for stand-alone travel insurance and assistance in Chile, 2013: financial organisations
  • Provision rates for travel insurance and assistance linked to payment cards and bank accounts in Chile, segmented by product function and level, and by type of cover, 2013
  • Forecast number of foreign trips undertaken by residents of Chile, segmented by purpose of trip, 2017
  • Forecast number of foreign trips undertaken by residents of Chile, segmented by purpose of trip, 2017 (table)
  • Forecast gross written premiums and policy numbers for travel insurance and assistance in Chile, 2017
  • Forecast gross written premiums and policy numbers for travel insurance and assistance in Chile, 2017 (table)

7.0 MEXICO

  • Number of foreign trips undertaken by residents of Mexico, segmented by purpose of trip, 2009 to 2013
  • Number of foreign trips undertaken by residents of Mexico, segmented by purpose of trip, 2009 to 2013 (table)
  • Destinations of foreign trips undertaken by residents of Mexico, 2012
  • Estimated gross written premiums and policy numbers for travel insurance and assistance in Mexico, 2009 to 2013
  • Estimated gross written premiums and policy numbers for travel insurance and assistance in Mexico, 2009 to 2013 (table)
  • Summary of travel trade, transportation and financial organisations researched in Mexico, segmented by type, 2013
  • Provision rates for stand-alone travel insurance and assistance in Mexico, segmented by type of travel trade, transportation and financial organisation, 2013
  • Operating models used for stand-alone travel insurance and assistance in Mexico, segmented by type of travel trade, transportation and financial organisation, 2013
  • Operating models used for stand-alone travel insurance and assistance in Mexico, segmented by type of travel trade, transportation and financial organisation, 2013 (table)
  • Competitor share of partnerships for stand-alone travel insurance and assistance in Mexico, 2013: travel trade organisations
  • Competitor share of partnerships for stand-alone travel insurance and assistance in Mexico, 2013: transportation organisations
  • Competitor share of partnerships for stand-alone travel insurance and assistance in Mexico, 2013: financial organisations
  • Provision rates for travel insurance and assistance linked to payment cards and bank accounts in Mexico, segmented by product function and level, and by type of cover, 2013
  • Forecast number of foreign trips undertaken by residents of Mexico, segmented by purpose of trip, 2017
  • Forecast number of foreign trips undertaken by residents of Mexico, segmented by purpose of trip, 2017 (table)
  • Forecast gross written premiums and policy numbers for travel insurance and assistance in Mexico, 2017
  • Forecast gross written premiums and policy numbers for travel insurance and assistance in Mexico, 2017 (table)

8.0 USA

  • Number of foreign trips undertaken by residents of the US, segmented by purpose of trip, 2009 to 2013
  • Number of foreign trips undertaken by residents of the US, segmented by purpose of trip, 2009 to 2013 (table)
  • Destinations of foreign trips undertaken by residents of the US, 2011
  • Estimated gross written premiums and policy numbers for travel insurance and assistance in the US, 2009 to 2013
  • Estimated gross written premiums and policy numbers for travel insurance and assistance in the US, 2009 to 2013 (table)
  • Summary of travel trade, transportation and financial organisations researched in the US, segmented by type, 2013
  • Provision rates for stand-alone travel insurance and assistance in US, segmented by type of travel trade, transportation and financial organisation, 2013
  • Operating models used for stand-alone travel insurance and assistance in the US, segmented by type of travel trade, transportation and financial organisation, 2013
  • Operating models used for stand-alone travel insurance and assistance in the US, segmented by type of travel trade, transportation and financial organisation, 2013 (table)
  • Competitor share of partnerships for stand-alone travel insurance and assistance in the US, 2013: travel trade organisations
  • Competitor share of partnerships for stand-alone travel insurance and assistance in the US, 2013: transportation organisations
  • Competitor share of partnerships for stand-alone travel insurance and assistance in the US, 2013: financial organisations
  • Provision rates for travel insurance and assistance linked to payment cards and bank accounts in the US, segmented by product function and level, and by type of cover, 2013
  • Forecast number of foreign trips undertaken by residents of the US, segmented by purpose of trip, 2017
  • Forecast number of foreign trips undertaken by residents of the US, segmented by purpose of trip, 2017 (table)
  • Forecast gross written premiums and policy numbers for travel insurance and assistance in the US, 2017
  • Forecast gross written premiums and policy numbers for travel insurance and assistance in the US, 2017 (table)
Back to Top