Key Travel Insurance Indicators
Total premium on insurance underwritten by a travel insurer or reinsurer during a specified period, before deduction of reinsurance premium. It is the sum of the direct and assumed premium written and represents an indicator of the importance of the travel insurance industry in a given country. Usually measured in millions or billions of national currency. Travel insurance covers financial loss due to trip cancellation or interruption, lost or damaged baggage, trip or baggage delays, missed connections and/or changes in itinerary, and casualty losses due to rental vehicle damage. Based on: US National Association of Insurance Commissioners.