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

Travel Insurance and Assistance in the Netherlands

  • February 2015
  • -
  • Finaccord
  • -
  • 35 pages

Finaccord’s report titled Travel Insurance and Assistance in the Netherlands is about the current status and likely future development of the market for stand-alone travel insurance policies in the Netherlands. 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 the Netherlands 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 150 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 the Netherlands, 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 the Netherlands 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 the Netherlands
0.0 EXECUTIVE SUMMARY 1
1.0 INTRODUCTION 3
What is this report about? 3
Rationale 3
This report builds upon Finaccord's previous ground-breaking studies about this topic 3
Methodology 3
Primary research 3
The survey includes over 150 travel trade, transportation and financial organisations. 3
. including airlines, banks, insurance brands and both traditional and online travel trade entities 4
Market data 4
External sources 5
Travel insurance and assistance: how it all fits together 5
The term 'travel insurance' can refer to protection from a heterogeneous range of risks… 5
.and assistance companies play a fundamental role in the European travel insurance industry 6
Definitions 6
Terms and abbreviations 6
Types of packaged travel insurance and assistance 7
Operating models 7
Weighted shares 8
Currencies, exchange rates and inflation 8
PartnerBASE 8
Finaccord 9
2.0 MARKET ANALYSIS 11
Introduction 11
Underlying foreign travel market 11
Overseas trips peaked in 2012 before slipping back slightly in subsequent years 11
Business trips continue to account for over 20% of total foreign trips 11
Dutch consumers have shown an increasing preference for short-haul travel in recent years 13
Market for travel insurance and assistance 14
The stand-alone travel insurance market has been impacted by the decline in number of trips. 14
…and by a significant rise in the share of annual policies 14
Distribution through travel trade, transportation and financial organisations 16
Summary of organisations researched 16
Provision rates 17
Over three quarters of organisations researched are distributors of stand-alone travel cover 17
Operating models 18
While travel trade distributors use external partners, many banks have captive underwriters 18
Competitor share of partnerships 20
Europeesche Verzekeringen claims more than half of travel trade distribution partnerships. 20
. making it the channel leader in both unweighted and weighted terms 20
Airline partnerships make Allianz Global Assistance a leader in the transportation category. 22
… followed by five other providers 22
Most insurance brands and banks in the Netherlands that sell travel cover underwrite their own policies. 24
. although some sell through multiple brands 24
The largest banks therefore deliver the largest potential market share 24
Travel insurance and assistance linked to payment cards and bank accounts 26
Around three quarters of credit card products in the Netherlands carry at least some form of travel cover 26
Other distribution channels 28
Automotive clubs 28
Both main automotive clubs offer travel insurance underwritten by Unigarant 28
Direct distribution by specialist travel insurers 28
Allianz Global Assistance and Europeesche Verzekeringen promote insurance directly to consumers 28
Online aggregators and brokers 28
Aggregator involvement in travel insurance has grown in recent years. 28
…and personal lines brokers also distribute travel cover 28
Other online brands 29
Two international intermediaries are prominent in direct online distribution 29
Retailers 29
Two major retail brands are distributors of travel insurance. 29
Other types of distributor 29
. as are several trade unions 29
Leading competitors 29
Three providers are each likely to hold shares of at least 10% of the travel insurance market. 30
…with the ranking heavily influenced by the distribution channels used for buying travel cover 30
Forecasts 32
Underlying foreign travel market 32
The foreign travel market in the Netherlands is likely to recover between 2014 and 2018…. 32
Market for travel insurance and assistance 34
…although the associated insurance and assistance market is unlikely to grow much 34
TRAVEL INSURANCE AND ASSISTANCE IN THE NETHERLANDS
0.0 EXECUTIVE SUMMARY 1
Key market data for travel insurance and assistance in the Netherlands, 2010, 2014 and 2018 2
1.0 INTRODUCTION 3
Travel insurance and assistance: how it all fits together 6
2.0 MARKET ANALYSIS 11
Number of foreign trips undertaken by residents of the Netherlands, segmented by purpose of trip, 2010 to 2014 12
Number of foreign trips undertaken by residents of the Netherlands, segmented by purpose of trip, 2010 to 2014 (table) 12
Destinations of foreign trips undertaken by residents of the Netherlands, 2010 to 2014 13
Destinations of foreign trips undertaken by residents of the Netherlands, 2010 to 2014 (table) 14
Estimated gross written premiums and policy numbers for travel insurance and assistance in the Netherlands, 2010 to 2014 15
Estimated gross written premiums and policy numbers for travel insurance and assistance in the Netherlands, 2010 to 2014 (table) 16
Summary of travel trade, transportation and financial organisations researched in the Netherlands, segmented by type, 2014 17
Provision rates for stand-alone travel insurance and assistance in the Netherlands, segmented by type of travel trade, transportation and financial organisation, 2014 18
Operating models used for stand-alone travel insurance and assistance in the Netherlands, segmented by type of travel trade, transportation and financial organisation, 2014 19
Operating models used for stand-alone travel insurance and assistance in the Netherlands, segmented by type of travel trade, transportation and financial organisation, 2014 (table) 20
Partnerships with travel trade organisations offering travel insurance and assistance in the Netherlands, 2014: weighted and unweighted competitor share 21
Partnerships with transportation organisations offering travel insurance and assistance in the Netherlands, 2014: weighted and unweighted competitor share 23
Partnerships with financial organisations offering travel insurance and assistance in the Netherlands, 2014: weighted and unweighted competitor share 25
Provision rates for travel insurance and assistance linked to payment cards and bank accounts in the Netherlands segmented by product function and level, and by type of cover 27
Individual competitors' estimated market shares of gross written premiums and other revenues for stand-alone travel insurance and assistance in the Netherlands, 2014 31
Individual competitors' estimated market shares of gross written premiums and other revenues for stand-alone travel insurance and assistance in the Netherlands, 2014 (table) 32
(table) 32
Forecast number of foreign trips undertaken by residents of the Netherlands, segmented by purpose of trip, 2018 33
Forecast number of foreign trips undertaken by residents of the Netherlands, segmented by purpose of trip, 2018 (table) 33
Forecast gross written premiums and policy numbers for travel insurance and assistance in the Netherlands, 2018 34
Forecast gross written premiums and policy numbers for travel insurance and assistance in the Netherlands, 2018 (table) 35

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 Ahmad

+1 718 618 4302

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.