1. Market Research
  2. > Tourism and Leisure
  3. > Tourism
  4. > Travel Services Market Trends
  5. > Travel Insurance and Assistance in Germany

Travel Insurance and Assistance in Germany

  • March 2015
  • -
  • Finaccord
  • -
  • 37 pages

Travel Insurance and Assistance in Germany is about the current status and likely future development of the market for stand-alone travel insurance policies in Germany. It includes the following unique features:

- data spanning 2010 to 2014 for the underlying travel market with segmentations by destination (between EU countries, non-EU European countries, North America and the rest of the world) and by type of journey (between holiday and business trips);

- data for the size of the market for stand-alone travel insurance and assistance in Germany between 2010 and 2014 in terms of premiums and policies, with a segmentation between single-trip and annual cover;

- analyses of the share of distribution relationships of travel insurance providers split between travel trade, transportation and financial organisations, based on a primary survey of over 400 actual and potential distributors of stand-alone travel policies including airlines, banks, ferry / railway operators, insurance brands and specialised lenders, plus both traditional and online travel trade entities;

- a review of other direct and affinity distribution channels used in Germany including automotive clubs, direct sales, online aggregators, other online brands and retailers, plus cover packaged with payment cards and bank accounts;

- estimates for the market share of travel insurance and assistance gross premiums for the top ten underwriters of this type of cover in Germany in 2014 with these data points expressed as a percentage range (e.g. 5.0% to 7.5%);

- forecasts to 2018 for both the underlying travel market and for the size of the market for stand-alone travel insurance and assistance in terms of premiums and policies, with the same segmentations as those specified above for the period from 2010 to 2014.

Table Of Contents

Travel Insurance and Assistance in Germany
Table of Contents

Executive Summary

Introduction

Market Analysis

List of Graphics / Tables



0.0 EXECUTIVE SUMMARY

1.0 INTRODUCTION

What is this report about?

Rationale

This report builds upon Finaccord's previous ground-breaking studies about this topic

Methodology

Primary research

The survey includes over 400 travel trade, transportation and financial organisations...

... including airlines, banks, insurance brands and both traditional and online travel trade entities

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 European travel insurance industry

Definitions

Terms and abbreviations

Types of packaged travel insurance and assistance

Operating models

Weighted shares

Currencies, exchange rates and inflation

PartnerBASE

Finaccord

2.0 MARKET ANALYSIS

Introduction

Underlying foreign travel market

Overseas trips have recovered gradually from the trough of 2011

German consumers have shown a slight tendency towards longer-haul travel in recent years

Market for travel insurance and assistance

Although not growing quickly, the market value reached a record level in 2014…

…with annual policies accounting for over a third of the total

A substantial proportion of the market volume is due to low-cost travel health insurance policies

Distribution through travel trade, transportation and financial organisations

Summary of organisations researched

Provision rates

Finaccord's research tracks 335 travel insurance schemes in Germany…

Operating models

… with the vast majority of these set up with a single external underwriter

Competitor share of partnerships

Three providers claim over three quarters of travel trade distribution partnerships...

…with a large number of other providers taking the residual portion of the market

The provider with the most partnerships is not necessarily the one with the most important partnerships

Allianz Global Assistance and ERV have the highest number of deals in the transportation category...

… although AIG and HanseMerkur are also prominent in the weighted analysis

Public sector insurers hold the largest number of partnerships in the financial sector…

…which hosts over 40 competing underwriters…

… resulting in a fragmented supply structure in this segment

Travel insurance and assistance linked to payment cards and bank accounts

Comprehensive travel insurance policies are commonly packaged with premium banking products

Other distribution channels

Automotive clubs

ADAC plus five other automotive clubs are active as distributors of travel insurance

Direct distribution by specialist travel insurers

A number of specialists promote insurance directly to consumers

Online aggregators and brokers

Comparison sites are likely to have become more important as distributors of travel cover…

… albeit several act as tied agents rather than aggregators in this sphere

Other online brands

Other specialised intermediaries include both international competitors and indigenous ones

Retailers

Other types of distributor

Travel cover can be bought from two airline frequent flyer programs and one mobile network operator

Leading competitors

In terms of their market share, Allianz Global Assistance and ERV are being pursued by HanseMerkur…

…although other competitors are likely to account for around a half of the total market value

Other competitors include large generalist non-life insurers selling directly to customers

Forecasts

Underlying foreign travel market

Insurable trips are likely to have broken through the 90 million per year barrier by 2018…

Market for travel insurance and assistance

…allowing for modest growth in gross written premiums from 2014 to 2018

LIST OF GRAPHICS / TABLES

0.0 EXECUTIVE SUMMARY

Key market data for travel insurance and assistance in Germany, 2010, 2014 and 2018

1.0 INTRODUCTION

Travel insurance and assistance: how it all fits together

2.0 MARKET ANALYSIS

Number of foreign trips undertaken by residents of Germany, segmented by purpose of trip, 2010 to 2014

Number of foreign trips undertaken by residents of Germany, segmented by purpose of trip, 2010 to 2014 (table)

Destinations of foreign trips undertaken by residents of Germany, 2010 to 2014

Destinations of foreign trips undertaken by residents of Germany, 2010 to 2014 (table)

Estimated gross written premiums and policy numbers for travel insurance and assistance in Germany, 2010 to 2014

Estimated gross written premiums and policy numbers for travel insurance and assistance in Germany, 2010 to 2014 (table)

Summary of travel trade, transportation and financial organisations researched in Germany, segmented by type, 2015

Provision rates for stand-alone travel insurance and assistance in Germany, segmented by type of travel trade, transportation and financial organisation, 2015

Operating models used for stand-alone travel insurance and assistance in Germany, segmented by type of travel trade, transportation and financial organisation, 2015

Operating models used for stand-alone travel insurance and assistance in Germany, segmented by type of travel trade, transportation and financial organisation, 2015 (table)

Partnerships with travel trade organisations offering travel insurance and assistance in Germany, 2015: weighted and unweighted competitor share

Partnerships with transportation organisations offering travel insurance and assistance in Germany, 2015: weighted and unweighted competitor share

Partnerships with financial organisations offering travel insurance and assistance in Germany, 2015: weighted and unweighted competitor share

Provision rates for travel insurance and assistance linked to payment cards and bank accounts in Germany segmented by product function and level, and by type of cover

Individual competitors' estimated market shares of gross written premiums and other revenues for stand-alone travel insurance and assistance in Germany, 2014

Individual competitors' estimated market shares of gross written premiums and other revenues for stand-alone travel insurance and assistance in Germany, 2014 (table)(table)

Forecast number of foreign trips undertaken by residents of Germany, segmented by purpose of trip, 2018

Forecast number of foreign trips undertaken by residents of Germany, segmented by purpose of trip, 2018 (table)

Forecast gross written premiums and policy numbers for travel insurance and assistance in Germany, 2018

Forecast gross written premiums and policy numbers for travel insurance and assistance in Germany, 2018 (table)

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Travel Insurance and Assistance in China

Travel Insurance and Assistance in China

  • $ 1592
  • Industry report
  • March 2016
  • by Finaccord

Finaccord’s report titled Travel Insurance and Assistance in China is about the current status and likely future development of the market for stand-alone travel insurance policies in China. It includes ...

Travel Insurance and Assistance in Australia

Travel Insurance and Assistance in Australia

  • $ 1592
  • Industry report
  • February 2016
  • by Finaccord

Finaccord’s report titled Travel Insurance and Assistance in Australia is about the current status and likely future development of the market for stand-alone travel insurance policies in Australia. ...

Travel Insurance and Assistance in New Zealand

Travel Insurance and Assistance in New Zealand

  • $ 1191
  • Industry report
  • February 2016
  • by Finaccord

Finaccord’s report titled Travel Insurance and Assistance in New Zealand is about the current status and likely future development of the market for stand-alone travel insurance policies in New Zealand. ...


ref:plp2015

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.