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Summary
Travel insurance is a voluntary personal lines product that customers can buy to protect themselves against unforeseen events when on their travels. Covering expenses for a range of circumstances - including emergency medical treatment, trip cancellations, and lost or stolen property - the purchase of travel insurance allows customers to go abroad with peace of mind. A range of policy types allows cover to be tailored to the individual's needs. It can be organized for a single trip or bought as a wider annual package, and customers can choose the locations and specific activities they wish to be covered for. Overall, the travel insurance market is highly competitive, and as UK residents are traveling abroad more frequently insurers need to do all they can to make purchasing travel insurance more convenient and efficient.
Key Findings
- Social media is growing as a channel for researching travel insurance products.
- Most customers are purchasing travel insurance online.
- Convenience is most important when purchasing a policy.
Synopsis
Verdict Financial's “UK Travel Insurance: Distribution and Marketing” explores consumer purchasing behavior and how it is changing. It discovers what is most influential to customers when purchasing a policy and reveals the most popular providers in the market. New innovations are highlighted, as well as key factors that will influence the travel insurance market over the next few years.
Reasons To Buy
- Adapt your distribution strategy to ensure it still meets customer purchasing behaviors.Benchmark yourself against other providers in the market.
- Ensure your products remain competitive as new innovations revolutionize the consumer purchasing journey.
Travel insurance is a voluntary personal lines product that customers can buy to protect themselves against unforeseen events when on their travels. Covering expenses for a range of circumstances - including emergency medical treatment, trip cancellations, and lost or stolen property - the purchase of travel insurance allows customers to go abroad with peace of mind. A range of policy types allows cover to be tailored to the individual's needs. It can be organized for a single trip or bought as a wider annual package, and customers can choose the locations and specific activities they wish to be covered for. Overall, the travel insurance market is highly competitive, and as UK residents are traveling abroad more frequently insurers need to do all they can to make purchasing travel insurance more convenient and efficient.
Key Findings
- Social media is growing as a channel for researching travel insurance products.
- Most customers are purchasing travel insurance online.
- Convenience is most important when purchasing a policy.
Synopsis
Verdict Financial's “UK Travel Insurance: Distribution and Marketing” explores consumer purchasing behavior and how it is changing. It discovers what is most influential to customers when purchasing a policy and reveals the most popular providers in the market. New innovations are highlighted, as well as key factors that will influence the travel insurance market over the next few years.
Reasons To Buy
- Adapt your distribution strategy to ensure it still meets customer purchasing behaviors.Benchmark yourself against other providers in the market.
- Ensure your products remain competitive as new innovations revolutionize the consumer purchasing journey.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
