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TMCNet:  Research and Markets: Travel Insurance and Assistance in the Asia-Pacific Region

[February 12, 2014]

Research and Markets: Travel Insurance and Assistance in the Asia-Pacific Region

DUBLIN --(Business Wire)--

Research and Markets (http://www.researchandmarkets.com/research/tlff9k/travel_insurance) has announced the addition of the "Travel Insurance and Assistance in the Asia-Pacific Region" report to their offering.

Travel Insurance and Assistance in the Asia-Pacific Region investigates the market for stand-alone travel insurance and assistance in ten countries, namely, Australia, China, Hong Kong, India, Indonesia, Japan, New Zealand, Singapore, South Korea and Taiwan.

This market is estimated by Finaccord to have been worth USD 3.63 billion in gross written premiums in 2012 having increased by over USD 1 billion since 2008. 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 distributio partnerships of 1,220 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

- the number of foreign trips (lasting one night or more) across the ten Asia-Pacific countries increased from 162 million in 2008 to 219 million in 2012, which equates to a compound annual growth rate of 7.8% during this period;

- on average, annual policies accounted for 13.5% of all stand-alone travel cover sold during 2012, and annual policies are perceived to be most significant in Singapore and least widespread in Taiwan;

-across its various subsidiaries, AIG is the leading provider of travel insurance and assistance in the Asia-pacific region, 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 5.24 billion in 2016 which, after taking inflation into account, would represent an increase of 5.6% per year between 2012 and 2016.

For more information visit http://www.researchandmarkets.com/research/tlff9k/travel_insurance

About Research and Markets

Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products.


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