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Travel Insurance and Assistance in the GCC Countries

  • January 2016
  • -
  • Finaccord
  • -
  • 209 pages

Travel Insurance and Assistance in the GCC Countries investigates the market for stand-alone travel insurance and assistance in six countries, namely, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE. This market is predicted by Finaccord to rise to a value of over USD 150 million in gross written premiums by 2019 and it should prove to be resilient in spite of a challenging economic environment. 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.

The study comprises the following unique features:

- data spanning 2011 to 2015 for the underlying travel market in each country with segmentations by type of journey (between holiday and business trips);

- data for the size of the market for stand-alone travel insurance and assistance in each country between 2011 and 2015 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 600 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 each country 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 2015 in each country and across all six countries combined with these data points expressed as a percentage range (e.g. 5.0% to 7.5%);

- forecasts to 2019 for both the underlying travel market and for the size of the market for stand-alone travel insurance and assistance in each country in terms of premiums and policies, with the same segmentations as those specified above for the period from 2011 to 2015.

The report, which represents an update and expansion to previous Finaccord studies on the subject, is accompanied by an Excel PartnerBASE™ dataset that details the travel insurance partnerships identified, plus a convenient market data annexe, also in Excel format. This annexe can be used as a convenient source of data already in Excel format which means that there is no need for users to re-enter data from the PDF report into their own Excel worksheets.

Table Of Contents

Travel Insurance and Assistance in the GCC Countries

00 EXECUTIVE SUMMARY 1
Outbound travel from this region has grown relatively quickly in recent years… 2
… albeit around three quarters of all foreign travel is to other GCC countries 2
Between 2011 and 2015, the value of the region's travel insurance market rose by nearly USD 30 million 4
The largest two markets in the region account for more than a half of travel insurance premiums 4
Bahrain features both the highest number of trips per capita and the highest proportion of annual policies 4
AXA is likely to enjoy a clear lead over its rivals as the region's travel insurance market leader… 5
… with the next three competitors each holding a likely share of 7% to 11% 6
Cross-regional activities endow some insurers with relatively high shares… 7
…while others are focused on the larger markets in the region 7
Foreign trips are expected to rise up to 2019 in all but one of the countries researched… 7
… with Saudi Arabia's travel insurance market likely to expand the most rapidly 7
10 INTRODUCTION 10
What is this report about? 10
Rationale 10
This report builds upon Finaccord's previous ground-breaking studies of this topic 10
Methodology 11
Primary research 11
The survey includes over 600 travel trade, transportation and financial organisations… 11
Market data 13
External sources 13
Travel insurance and assistance: how it all fits together 14
The term 'travel insurance' can refer to protection from a heterogeneous range of risks… 14
and assistance companies play a fundamental role in the global travel insurance industry 14
Definitions 15
Terms and abbreviations 15
Types of packaged travel insurance and assistance 15
Operating models 16
Weighted shares 16
Currencies, exchange rates and inflation 17
PartnerBASE 17
Finaccord 18
20 REGIONAL OVERVIEW 19
Introduction 19
Underlying foreign travel markets 19
Number of trips 19
Economic difficulties caused a slowdown in growth in foreign travel in 2014 and 2015… 19
… although this market continues to make progress 19
Across the six countries, the average number of trips per capita is around 086 21
Citizens' wealth does not necessarily reflect their outbound travel habits 22
Purpose of trips 24
In most countries, business trips account for around a fifth of all outbound journeys… 24
… although they have been outpaced in recent years by holiday and leisure trips 24
Destination of trips 27
Popular holiday destinations for residents of GCC countries include Egypt, Malaysia and Thailand… 27
whereas travellers bound for Europe are most likely to purchase stand-alone travel cover 27
Markets for travel insurance and assistance 28
Policy numbers and value of premiums 28
Regional premiums have grown in real terms despite economic difficulties… 28
…although policy numbers are likely to have contracted slightly 28
Saudi Arabia is comfortably the largest travel insurance market among the six investigated… 30
… albeit policy sales have been rising most rapidly in Oman and the UAE 30
Bahrain's market, whilst relatively small, is seeing the fastest real-terms growth in premiums 31
Awareness and use of annual policies is considered to be rising gradually across the region 33
Market metrics 35
Premiums per capita vary substantially across the six countries 35
Oman and Qatar feature the highest number of policies per trip… 39
Somewhat surprisingly, average policy prices in Qatar are the lowest 39
Distribution through travel trade, transportation and financial organisations 42
Provision rates 42
Travel agents / tour operators: all Qatari and UAE travel firms researched by Finaccord offer travel cover… 42
… but only a minority do in Kuwait and Saudi Arabia 42
Online travel specialists: travel insurance is available from around one third of entities in this category 43
Airlines: customers in all countries can acquire airline-branded travel insurance 45
Coach operators: these do not actively distribute travel policies, likely due to very weak demand 46
Insurance brands: travel policies are available from over 80% of all insurers researched 46
Banking organisations: on average, less than 15% of the region's banks offer stand-alone cover 47
Specialised card providers and lenders: none of these organisations provide stand-alone cover 47
Operating models 48
The majority of stand-alone travel schemes involve a single external underwriter… 48
…with intermediaries involved in some regional schemes 48
Competitive landscape 51
On an unweighted basis, Qatar hosts the most concentrated market in the region… 51
…whereas that of Saudi Arabia is relatively fragmented 51
At group level, AXA and AIG are the most common partners for stand-alone travel insurance schemes… 55
… and are far ahead of the next competitor (Allianz Global Assistance) by this measure 55
Leading competitors 57
Only four competitors are likely to hold a regional market share of premiums of more than 10% 57
… with the competitive structure fragmenting rapidly thereafter… 58
… with the result that groups outside of the top 15 make up between 20% and 30% of the total value 59
Forecasts 60
Underlying foreign travel markets 60
The region's outbound travel sector is expected to grow more slowly between 2015 and 2019 60
Markets for travel insurance and assistance 62
Nevertheless, both policies and premiums are predicted to advance at a fairly healthy rate… 62
… especially in Saudi Arabia 62
30 BAHRAIN 66
Introduction 66
Underlying foreign travel market 66
Outbound business trips from Bahrain peaked in 2014 before falling back slightly in 2015 66
Popular long-haul travel destinations include Malaysia, Thailand and the US 68
Market for travel insurance and assistance 68
The market value grew at a compound annual rate of 76% between 2011 and 2015… 68
… with annual policies increasing at a slightly faster rate than single-trip policies 68
Distribution through travel trade, transportation and financial organisations 70
Summary of organisations researched 70
Provision rates 71
Just under a half of potential distributors actually do promote stand-alone travel cover 71
Operating models 72
Most initiatives use one of two dominant operating models 72
Competitor share of partnerships - travel trade entities 75
AXA Insurance Gulf is by far the most commonly used travel insurance provider to the travel trade… 75
…with only five other underwriters also involved 75
Competitor share of partnerships - transportation organisations 77
AIG and Bahrain Kuwait Insurance are especially active in working with airlines… 77
…with the latter claiming the highest weighted share of partnerships 77
Competitor share of partnerships - financial organisations 79
Three underwriters distribute through banks in addition to selling policies directly… 79
… with Bahrain Kuwait Insurance again the likely leader given its weighted share 79
Travel insurance and assistance linked to payment cards and bank accounts 81
Around half of credit card products feature one or more types of travel cover… 81
…and, among premium cards, nearly 45% feature a comprehensive travel policy 81
Other distribution channels 82
Automotive clubs 82
Direct distribution by specialist travel insurers 83
Online aggregators and brokers 83
Other online brands 83
Three online brands operate as tied agents in Bahrain 83
Retailers 83
Other types of distributor 83
Leading competitors 83
Two underwriters are likely to control at least a half of the total market value… 83
… although around 16 competitors are active in this field in total 84
Forecasts 86
Underlying foreign travel market 86
Overseas trips will pick up again in the years leading up to 2019… 86
Market for travel insurance and assistance 88
… thereby helping Bahrain's travel insurance market to edge up further in value 88
40 KUWAIT 90
Introduction 90
Underlying foreign travel market 90
Holiday trips abroad have continued to increase but business trips fell in both 2014 and 2015 90
Popular long-haul travel destinations include Malaysia, Thailand and the US 92
Market for travel insurance and assistance 92
Both policy numbers and premiums have been hit by the economic downturn of 2014 and 2015… 92
… with previous steady growth in annual policies having stalled 92
Distribution through travel trade, transportation and financial organisations 94
Summary of organisations researched 94
Provision rates 95
Travel insurance policies are increasingly available from relevant distributors in Kuwait… 95
… and most consumer-facing insurance brands have a direct proposition in this area… 95
… although local regulations have ruled out the involvement of banks thus far 96
Operating models 96
Distribution partnerships for travel insurance are based around three basis operating models 96
Competitor share of partnerships - travel trade entities 99
AIG and Bahrain Kuwait Insurance lay claim to the highest number of distribution relationships… 99
…with five other insurers also named 99
Three insurers significantly expand their share in the weighted analysis 99
Competitor share of partnerships - transportation organisations 101
Bahrain Kuwait Insurance is especially visible as a provider of travel insurance for airlines… 101
…and maintains its prominence in the weighted analysis of partnerships 101
Competitor share of partnerships - financial organisations 103
The financial category is made up entirely of insurance brands selling their own travel cover 103
Travel insurance and assistance linked to payment cards and bank accounts 105
Around a half of credit card products feature one or more types of travel cover… 105
…and, among premium cards, nearly 45% carry a comprehensive travel policy 105
Other distribution channels 106
Automotive clubs 106
Direct distribution by specialist travel insurers 107
Online aggregators and brokers 107
Other online brands 107
A number of online brands operate as tied agents in Kuwait's travel insurance market 107
Retailers 107
Other types of distributor 107
Leading competitors 107
Gulf Insurance Group is likely to lead the market for stand-alone travel insurance in Kuwait… 107
… ahead of AIG, Kuwait Insurance Company and Warba Insurance 108
Forecasts 110
Underlying foreign travel market 110
Business trips are forecast to outpace holiday trips up to 2019 110
Market for travel insurance and assistance 112
… which will facilitate further growth in Kuwait's travel insurance market 112
50 OMAN 114
Introduction 114
Underlying foreign travel market 114
Outbound trips from Oman increased quite rapidly between 2011 and 2015… 114
… albeit with considerable divergence between business and holiday travel 114
Popular travel destinations outside the GCC include Egypt, Turkey and the UK 116
Market for travel insurance and assistance 116
The value of Oman's travel insurance market is likely to have hit a peak in 2013… 116
… before falling away slightly in 2014 and 2015 116
Distribution through travel trade, transportation and financial organisations 118
Summary of organisations researched 118
Provision rates 119
Travel insurance partnerships are concentrated in a limited number of distribution categories 119
… with certain distributor types entirely absent from this sector 119
Operating models 120
All partnerships are based around either use of a single, external or captive underwriter 120
Competitor share of partnerships - travel trade entities 123
AXA Insurance Gulf is the most commonly used travel insurance provider to the travel trade… 123
…with other competitors having many fewer partnerships… 123
… although Zurich Insurance Middle East expands its share considerably in the weighted analysis 123
Competitor share of partnerships - transportation organisations 125
AIG and Alliance Insurance both hold multiple airline partnerships for travel insurance… 125
…and the latter company claims the highest share in the weighted analysis 125
Competitor share of partnerships - financial organisations 127
12 insurance brands in Oman act as direct distributors of travel insurance 127
Travel insurance and assistance linked to payment cards and bank accounts 129
Other distribution channels 130
Automotive clubs 130
Direct distribution by specialist travel insurers 131
Online aggregators and brokers 131
QuickInsureOmancom is the country's most prominent online aggregator 131
Other online brands 131
AMA Travel Shield, Columbus Direct and HolidayGuard operate as tied agents in the Omani market 131
Retailers 131
Other types of distributor 131
Leading competitors 131
The leading underwriter is likely to hold a market share of at least 20% of premiums… 131
… putting it comfortably ahead of the second-ranked competitor 132
Forecasts 134
Underlying foreign travel market 134
Overseas trips are forecast to recover slowly up to 2019… 134
Market for travel insurance and assistance 136
… which should help to sustain growth in Oman's travel insurance market 136
60 QATAR 138
Introduction 138
Underlying foreign travel market 138
Growth in the number of holiday trips has easily outstripped growth in the number of business trips 138
Popular travel destinations outside the GCC region include Egypt, Switzerland, Turkey, the UK and the US 140
Market for travel insurance and assistance 140
Both travel insurance policy numbers and premiums are likely to have declined in 2015… 140
… in part as a result of the contraction in business travel 140
At least two factors cause average policy prices in Qatar to be lower than in other GCC countries 141
Distribution through travel trade, transportation and financial organisations 142
Summary of organisations researched 142
Provision rates 143
Almost all travel agents and insurance brands distribute stand-alone travel cover… 143
Operating models 144
… with use of a single, external underwriter dominant as an operating model 144
Competitor share of partnerships - travel trade entities 147
AIG and AXA Insurance Gulf are the providers most commonly used by travel trade entities… 147
…with other insurers somewhat on the periphery in both the unweighted and weighted analyses 147
Competitor share of partnerships - transportation organisations 149
AIG and Doha Insurance are prominent as providers of travel insurance for airlines… 149
…with Allianz Global Assistance working in tandem with the latter company 149
Competitor share of partnerships - financial organisations 151
Only three banks in Qatar distribute stand-alone travel insurance… 151
…albeit direct provision by insurance brands is far more common 151
Qatar Insurance Company is dominant in the weighted analysis of partnerships 151
Travel insurance and assistance linked to payment cards and bank accounts 153
The majority of credit card products feature one or more types of travel cover… 153
…and comprehensive policies are included with almost 60% of premium-level cards 153
Other distribution channels 154
Automotive clubs 154
Direct distribution by specialist travel insurers 155
Online aggregators and brokers 155
Other online brands 155
AMA Travel Shield, Columbus Direct and HolidayGuard sell policies directly in Qatar 155
Retailers 155
Other types of distributor 155
Members of Ooredoo's loyalty scheme can earn points by purchasing travel cover from General Takaful 155
Leading competitors 156
Four insurers are likely to account for the vast majority of Qatar's travel insurance market… 156
… albeit there is a fairly long tail of smaller competitors given the limited market size 156
Forecasts 158
Underlying foreign travel market 158
Overseas trips are forecast to grow at a modest rate up to 2019… 158
Market for travel insurance and assistance 160
… meaning that the travel insurance market will also see steady growth 160
70 SAUDI ARABIA 162
Introduction 162
Underlying foreign travel market 162
Outbound trips from Saudi Arabia have proved relatively resistant to economic difficulties… 162
… with business travel constituting a particularly low proportion of all journeys overseas 162
Over two thirds of outbound travel is to neighbouring or nearby countries 164
Market for travel insurance and assistance 164
Trip growth has brought about a steady rise in both policies and premiums… 164
… although annual policies are generally less prevalent than in other countries 164
Average travel insurance policy prices are comparatively high in Saudi Arabia 165
Distribution through travel trade, transportation and financial organisations 166
Summary of organisations researched 166
Provision rates 167
Less than a third of all potential distributors are actual distributors of travel insurance 167
Operating models 168
In the shape of MetLife ANB AIG, Arab National Bank is unique in using a joint venture underwriter 168
Competitor share of partnerships - travel trade entities 171
Seven underwriters claim distribution partnerships with travel trade organisations… 171
… albeit Medgulf claims just over a half of the weighted share of partnerships 171
Competitor share of partnerships - transportation organisations 173
Only two insurers are visible as providers of travel insurance for airlines… 173
…with AIG claiming the highest share in the weighted analysis of partnerships 173
Competitor share of partnerships - financial organisations 175
Al Rajhi Bank and SABB both employ captive underwriters for travel insurance… 175
…and a large number of insurance brands underwrite their own travel cover 175
Tawuniya and Medgulf lead the weighted analysis, reflecting their prominence as insurance brands 175
Travel insurance and assistance linked to payment cards and bank accounts 177
Other distribution channels 178
Automotive clubs 178
Direct distribution by specialist travel insurers 179
Online aggregators and brokers 179
Aggregator Sougalmal provides links to six travel insurance underwriters 179
Other online brands 179
HolidayGuard operates as a tied agent in the Saudi Arabian market 179
Retailers 179
Other types of distributor 179
Leading competitors 179
Medgulf is likely to be the clear market leader for stand-alone travel insurance in Saudi Arabia… 179
TRAVEL INSURANCE AND ASSISTANCE IN THE GCC COUNTRIES
© FINACCORD (01/2016) VII
…with Al Rajhi Takaful, AXA Cooperative Insurance and Tawuniya also prominent… 180
…and with a large number of other companies claiming smaller shares, generally through direct distribution 180
Forecasts 182
Underlying foreign travel market 182
Growth in business trips should accelerate rapidly if and when the economy recovers… 182
… albeit they will remain dwarfed by journeys made for holiday and leisure purposes 182
Market for travel insurance and assistance 184
Relatively robust growth is expected for Saudi Arabia's travel insurance market… 184
… with annual policies forecast to outpace single-trip policies up to 2019 184
80 UAE 186
Underlying foreign travel market 186
Rapid growth in travel from the UAE between 2011 and 2014 slowed down considerably in 2015… 186
… with business trips the first to feel this effect 186
Popular travel destinations outside the GCC include Egypt, Thailand, Turkey and the UK 188
Market for travel insurance and assistance 188
Both policy numbers and premiums have been hit by the economic downturn of 2015… 188
… with previous steady growth in annual policies stalling in that year 188
Distribution through travel trade, transportation and financial organisations 190
Summary of organisations researched 190
Provision rates 191
All travel agents and insurance brands promote stand-alone travel cover 191
Operating models 192
A significant number of distributors utilise more than one travel insurance partner… 192
… with captive underwriters also quite prominent 192
Competitor share of partnerships - travel trade entities 195
AXA Insurance Gulf is the most commonly used travel insurance provider to the travel trade… 195
…with AIG and Zurich Insurance Middle East also prevalent amid a diverse range… 195
… albeit RSA leapfrogs those two providers in the weighted analysis of partnerships 195
Competitor share of partnerships - transportation organisations 197
AIG and Noor Takaful are especially visible as providers of travel insurance for airlines… 197
…and the former company maintains this visibility in the weighted analysis of partnerships 197
Competitor share of partnerships - financial organisations 199
AXA and Zurich are the most frequently named underwriters in the financial category… 199
…albeit a number of other insurers have picked up distribution mandates with banks 199
RSA leads the weighted analysis as a consequence of its partnership with Emirates NBD Bank 199
Travel insurance and assistance linked to payment cards and bank accounts 201
Other distribution channels 202
Automotive clubs 202
Direct distribution by specialist travel insurers 203
Orient Insurance underwrites policies distributed by Mondial Assistance 203
Online aggregators and brokers 203
The activity of online intermediaries appears to be increasingly rapidly 203
Other online brands 203
Four brands act as tied agents in the specific context of travel insurance 203
Retailers 203
Other types of distributor 204
Providers of visa application services constitute a minor additional channel for travel insurance 204
Using its WISConnectz platform, Worldwide Insurance Solutions is seeking to benefit from market growth 204
Leading competitors 204
AXA is likely to be the clear market leader for stand-alone travel insurance in the UAE… 204
… and only two other competitors are likely to hold a market share of more than 10% 205
… with more than a dozen others probably restricted to a market share of less than 1% 207
Forecasts 207
Underlying foreign travel market 207
Overseas trips are forecast to slowly recover up to 2019… 207
Market for travel insurance and assistance 209
… which should help to sustain growth in the UAE's travel insurance market 209

LIST OF GRAPHICS / TABLES

00 EXECUTIVE SUMMARY 1
Key market data for travel insurance and assistance in the GCC countries, 2011 to 2015 9
10 INTRODUCTION 10
Number of travel trade, transportation and financial organisations covered by the research, segmented by country and by type of organisation, 2015 12
Travel insurance and assistance: how it all fits together 14
20 REGIONAL OVERVIEW 19
Number of foreign trips undertaken by residents of the GCC countries, segmented by country, 2011 to 2015 20
Number of foreign trips undertaken by residents of the GCC countries segmented by country, 2011 to 2015 (table) 20
Number of foreign trips per capita in the GCC countries, segmented by country, 2011 to 2015 21
Number of foreign trips per capita in the GCC countries, segmented by country, 2011 to 2015 (table) 22
GDP per capita versus number of foreign trips per capita in the GCC countries, segmented by country, 2015 23
GDP per capita versus number of foreign trips per capita in the GCC countries, segmented by country, 2015 (table) 24
Number of foreign trips undertaken by residents of the GCC countries, segmented by purpose of trip and country, 2015 25
Number of foreign trips undertaken by residents of the GCC countries, segmented by purpose of trip and country, 2015 (table) 25
Compound annual growth in foreign trips undertaken by residents of the GCC countries, segmented by country and by purpose of trip, 2011 to 2015 26
Compound annual growth rate of foreign trips undertaken by residents of the GCC countries segmented by purpose of trip and country, 2011 to 2015 (table) 27
Estimated single-trip and annual policy numbers and gross written premiums for stand-alone travel insurance and assistance in the GCC countries, 2011 to 2015 29
Estimated gross written premiums for stand-alone travel insurance and assistance in the GCC countries, segmented by country, 2015 30
Compound annual growth in the estimated number of stand-alone travel insurance and assistance policies in the GCC countries, segmented by country, 2011 to 2015 31
Compound annual growth in estimated gross written premiums for stand-alone travel insurance and assistance in the GCC countries, segmented by country, 2011 to 2015 32
Estimated policy numbers and gross written premiums for stand-alone travel insurance and assistance in the GCC countries, segmented by country, 2011 to 2015 33
Proportion of stand-alone travel insurance and assistance policies in the GCC countries that are annual policies, segmented by country, 2011 and 2015 34
Proportion of stand-alone travel insurance and assistance policies in the GCC countries that are annual policies, segmented by country, 2011 to 2015 (table) 35
Estimated gross written premiums per capita for stand-alone travel insurance and assistance in the GCC countries, segmented by country, 2011 and 2015 36
Estimated gross written premiums per capita for stand-alone travel insurance and assistance in the GCC countries, segmented by country, 2011 to 2015 (table) 37
GDP per capita versus gross written premiums per capita for stand-alone travel insurance and assistance in the GCC countries, segmented by country, 2015 38
GDP per capita versus gross written premiums per capita for stand-alone travel insurance and assistance in the GCC countries, segmented by country, 2015 (table) 39
Estimated average value of policies for stand-alone travel insurance and assistance in the GCC countries, segmented by country, 2011 and 2015
Estimated policy numbers per trip and average value of policies for stand-alone travel insurance and assistance in the GCC countries, segmented by country, 2011 to 2015 41
Provision rates for stand-alone travel insurance and assistance, segmented by country, 2015: travel agents and tour operators 43
Provision rates for stand-alone travel insurance and assistance, segmented by country, 2015: online travel specialists 44
Provision rates for stand-alone travel insurance and assistance, segmented by country, 2015: airlines 45
Provision rates for stand-alone travel insurance and assistance, segmented by country, 2015: insurance brands 46
Provision rates for stand-alone travel insurance and assistance, segmented by country, 2015: banking organisations 47
Operating models used by travel trade, transportation and financial organisations for stand-alone travel insurance and assistance, segmented by country, 2015 49
Operating models used by travel trade, transportation and financial organisations for stand-alone travel insurance and assistance, segmented by country, 2015 (table) 50
Unweighted market concentration of partners used by travel trade, transportation and financial organisations for stand-alone travel insurance and assistance, segmented by country, 2015 52
Unweighted market concentration of partners used by travel trade, transportation and financial organisations for stand-alone travel insurance and assistance, segmented by country, 2015 (table) 53
Weighted market concentration of partners used by travel trade, transportation and financial organisations for stand-alone travel insurance and assistance, segmented by country, 2015 54
Weighted market concentration of partners used by travel trade, transportation and financial organisations for stand-alone travel insurance and assistance, segmented by country, 2015 (table) 55
Individual competitors' estimated market shares of gross written premiums and other revenues for stand-alone travel insurance and assistance in the GCC countries, 2015 59
Leading groups' estimated market shares of gross written premiums and other revenues for stand-alone travel insurance and assistance in the GCC countries, 2015 (table) 60
Compound annual growth in foreign trips undertaken by residents of the GCC countries, segmented by country, 2015 to 2019 (forecast) 61
Number of foreign trips undertaken by residents of the GCC countries, segmented by country, 2019 (forecast) (table) 61
Growth in policy numbers and gross written premiums for stand-alone travel insurance and assistance in the GCC countries, segmented by country, 2019 (forecast) 63
Compound annual growth in the number of stand-alone travel insurance and assistance policies in the GCC countries, segmented by country, 2015 to 2019 (forecast) 64
Compound annual growth in gross written premiums for stand-alone travel insurance and assistance in the GCC countries, segmented by country, 2015 to 2019 (forecast) 65
30 BAHRAIN 66
Number of foreign trips undertaken by residents of Bahrain, segmented by purpose of trip, 2011 to 2015 67
Number of foreign trips undertaken by residents of Bahrain, segmented by purpose of trip, 2011 to 2015 (table) 67
Estimated gross written premiums and policy numbers for travel insurance and assistance in Bahrain, 2011 to 2015 69
Estimated gross written premiums and policy numbers for travel insurance and assistance in Bahrain, 2011 to 2015 (table) 70
Summary of travel trade, transportation and financial organisations researched in Bahrain, segmented by type, 2015 71
Provision rates for stand-alone travel insurance and assistance in Bahrain, segmented by type of travel trade, transportation and financial organisation, 2015 72
Operating models used for stand-alone travel insurance and assistance in Bahrain, segmented by type of travel trade, transportation and financial organisation, 2015 73
Operating models used for stand-alone travel insurance and assistance in Bahrain, segmented by type of travel trade, transportation and financial organisation, 2015 (table) 74
Partnerships with travel trade organisations offering travel insurance and assistance in Bahrain, 2015: weighted and unweighted competitor share 76
Partnerships with transportation organisations offering travel insurance and assistance in Bahrain, 2015: weighted and unweighted competitor share 78
Partnerships with financial organisations offering travel insurance and assistance in Bahrain, 2015: weighted and unweighted competitor share 80
Provision rates for travel insurance and assistance linked to payment cards and bank accounts in Bahrain segmented by product function and level, and by type of cover 82
Individual competitors' estimated market shares of gross written premiums and other revenues for stand-alone travel insurance and assistance in Bahrain, 2015 85
Individual competitors' estimated market shares of gross written premiums and other revenues for stand-alone travel insurance and assistance in Bahrain, 2015 (table) 86
Number of foreign trips undertaken by residents of Bahrain, segmented by purpose of trip, 2019 (forecast) 87
Number of foreign trips undertaken by residents of Bahrain, segmented by purpose of trip, 2019 (forecast) (table) 87
Gross written premiums and policy numbers for travel insurance and assistance in Bahrain, 2019 (forecast) 88
Gross written premiums and policy numbers for travel insurance and assistance in Bahrain, 2019 (forecast) (table) 89

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