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

Travel Insurance and Assistance in Argentina

  • February 2014
  • -
  • Finaccord
  • -
  • 33 pages

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

- data spanning 2009 to 2013 for the underlying travel market with segmentations by type of journey (between holiday and business trips) and by destination country;

- data for the size of the market for stand-alone travel insurance and assistance in Argentina between 2009 and 2013 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 122 actual and potential distributors of stand-alone travel policies;

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

- forecasts to 2017 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 2009 to 2013.

Table Of Contents

Travel Insurance and Assistance in Argentina
0.0 EXECUTIVE SUMMARY 1
1.0 INTRODUCTION 3
What is this report about? 3
Rationale 3
This report expands Finaccord's previous ground-breaking studies of this topic 3
Methodology 3
Primary research 3
The survey includes more than 120 travel trade, transportation and financial organisations… 3
…and draws on a separate analysis of travel benefits linked to banking products 4
Market data 4
External sources 4
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 global travel insurance industry 5
Definitions 6
Terms and abbreviations 6
Types of packaged travel insurance and assistance 6
Operating models 7
Currencies, exchange rates and inflation 7
PartnerBASE and market data annexe 8
Finaccord 8
2.0 MARKET ANALYSIS 10
Introduction 10
Underlying foreign travel market 10
Argentina's outbound travel market has continued to experience double-digit growth in recent years 10
...thanks largely to the strength of its holiday and VFR segments... 10
...although many of these trips are undertaken by road rather than by air (or sea) 10
Around three quarters of outbound travellers head to other countries in Latin America 12
Market for travel insurance and assistance 12
Insurance uptake is still relatively low amongst intra-regional travellers... 12
...although gross written premiums are growing quickly, in both nominal and real terms... 13
...notwithstanding Argentina's very high levels of consumer price inflation 13
Annual policies remain largely the preserve of frequent business travellers 13
Distribution through travel trade, transportation and financial organisations 15
Summary of organisations researched 15
Provision rates 15
Insurance availability is seemingly ubiquitous among travel agents, but fairly weak among airlines... 15
...and relatively few banks or similar organisations sell travel policies on a stand-alone basis 16
Operating models 16
The majority of distributors in Argentina choose to partner with a single, external provider 16
Competitor share of partnerships 18
Assist-Card and two brands belonging to Grupo IMAS have a very large number of travel trade distributors... ..... 18
…and many providers benefit from national agreements with large travel agency networks 18
Other highly visible competitors in this area include APRIL and Assist-Med 19
Allianz Global Assistance distributes travel policies through a number of airlines 20
Only four providers sell stand-alone cover through banks or credit card companies 21
Travel insurance and assistance linked to payment cards and bank accounts 22
More than three quarters of credit card products feature one or more types of travel cover… 23
…but provision of the different types of policy varies between standard and premium products 23
Other distribution channels 24
Automotive clubs 24
Direct distribution by insurance underwriters 25
Many providers sell cover directly to consumers, although some notable underwriters do not 25
Online aggregators and brokers 25
There are a number of generic and travel-specific insurance aggregators in this market 25
Other online brands 25
AXA and Grupo IMAS each distribute travel cover through various online agents 25
Retailers 25
Several major retail brands are active indirectly via travel agency or financial subsidiaries 25
Other types of distributor 26
Forecasts 26
Underlying foreign travel market 26
The number of foreign holiday trips is expected to grow at more than 10% per annum up to 2017 26
Market for travel insurance and assistance 28
In real terms, premiums are likely to exhibit annual growth of around 12% in the coming years... 28
... although the projected US dollar market value is vulnerable to further local currency devaluation 28

List of Graphics / Tables


0.0 EXECUTIVE SUMMARY 1
Key market data for travel insurance and assistance in Argentina, 2009, 2013 and 2017 2
1.0 INTRODUCTION 3
Travel insurance and assistance: how it all fits together 5
2.0 MARKET ANALYSIS 10
Number of foreign trips undertaken by residents of Argentina, segmented by purpose of trip, 2009 to 2013
11
Number of foreign trips undertaken by residents of Argentina, segmented by purpose of trip, 2009 to 2013
(table) 11
Destinations of foreign trips undertaken by residents of Argentina, 2012 12
Estimated gross written premiums and policy numbers for travel insurance and assistance in Argentina,
2009 to 2013 14
Estimated gross written premiums and policy numbers for travel insurance and assistance in Argentina,
2009 to 2013 (table) 14
Summary of travel trade, transportation and financial organisations researched in Argentina, segmented
by type, 2013 15
Provision rates for stand-alone travel insurance and assistance in Argentina, segmented by type of travel
trade, transportation and financial organisation, 2013 16
Operating models used for stand-alone travel insurance and assistance in Argentina, segmented by type
of travel trade, transportation and financial organisation, 2013 17
Operating models used for stand-alone travel insurance and assistance in Argentina, segmented by type
of travel trade, transportation and financial organisation, 2013 (table) 18
Competitor share of partnerships for stand-alone travel insurance and assistance in Argentina, 2013:
travel trade organisations 20
Competitor share of partnerships for stand-alone travel insurance and assistance in Argentina, 2013:
transportation organisations 21
Competitor share of partnerships for stand-alone travel insurance and assistance in Argentina, 2013:
financial organisations 22
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 24
Forecast number of foreign trips undertaken by residents of Argentina, segmented by purpose of trip,
2017 27
Forecast number of foreign trips undertaken by residents of Argentina, segmented by purpose of trip,
2017 (table) 27
Forecast gross written premiums and policy numbers for travel insurance and assistance in Argentina,
2017 29
Forecast gross written premiums and policy numbers for travel insurance and assistance in Argentina,
2017 (table) 29

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:plp2014

Reportlinker.com © Copyright 2016. All rights reserved.

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