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Reportlinker Adds Travel Insurance and Assistance in Major Global Markets


News provided by

Reportlinker

Apr 27, 2011, 06:15 ET

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NEW YORK, April 27, 2011 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Travel Insurance and Assistance in Major Global Markets

http://www.reportlinker.com/p0486772/Travel-Insurance-and-Assistance-in-Major-Global-Markets.html

Finaccord's report titled Travel Insurance and Assistance in Major Global Markets is the first comprehensive study about the market for travel insurance and assistance in ten diverse countries - namely Australia, Brazil, Canada, China, India, Japan, Russia, South Africa, South Korea and the US - which between them account for just over 50% of both the world's population and its GDP. Also analyzed are the size, segmentation and dynamics of the underlying outbound travel markets in each country. Collectively, stand-alone international travel insurance and assistance across these ten markets is estimated by Finaccord to have been worth USD 5.79 billion in gross written premiums in 2010. In all but one of these countries, this sector is growing, and in some cases this expansion is rapid. These markets are also evolving quickly in terms of product design and distribution trends, with new channels emerging and partnerships changing on a regular basis. For this study, Finaccord's research program covered nearly 1,200 travel trade companies, including airlines, ferry / railway operators, online travel portals and student travel / gap-year specialists, as well as mainstream travel agents and tour operators, and 400 banks across the ten countries. The results of this detailed investigation are combined with other market data and interviews with travel insurance providers to produce the most comprehensive report ever published on the topic. You may be able to use this report and the accompanying PartnerBASE™ dataset in one or more of the following ways: - to compare the size, growth rates and future prospects of travel insurance and assistance markets across ten diverse geographies; - to understand the supply structure for travel insurance and assistance, including the operating models being used, the level of market concentration and the relative importance of national versus international providers; - to identify distribution opportunities, whether by channel or by specific partner; - to appreciate which markets offer the best long-term potential, which are already saturated with competitors, and what product or distribution innovations are occurring; - and to gain access to a single comprehensive source of information outlining the distribution arrangements for nearly 1,200 travel trade companies and 400 banks, which also identifies around 140 insurance and assistance partners and 95 ultimate underwriters.

Table of Contents

0 0 EXECUTIVE SUMMARY 1

There is a positive correlation between national wealth and frequency of international travel 1

Across the ten countries investigated, stand-alone travel cover was worth around USD 5 79 billion in 2010 2

Globally, the travel trade itself is the main distribution channel for travel insurance policies 4

Banks are also significant as distributors of both stand-alone and packaged travel cover 6

Up to 2014, the travel insurance markets in China and South Korea are set to record the strongest growth 6

1 0 INTRODUCTION 7

Rationale 7

This report provides a detailed and consolidated analysis of several rapidly expanding markets 7

Methodology 7

Of the 1,184 travel trade entities included in the research, 878 are travel agents and tour operators 7

The report documents the provision of stand-alone travel cover by 400 banks 9

and draws on analysis of the travel insurance benefits packaged with over 5,600 banking products 9

Travel insurance and assistance: how it all fits together 11

The term 'travel insurance' can refer to protection from a heterogeneous range of risks 11

and assistance companies play a fundamental role in the global travel insurance industry 12

PartnerBASE™ 12

Finaccord 13

2 0 GLOBAL OVERVIEW 14

Introduction 14

Underlying foreign travel markets 14

Number of trips 14

Whilst the US is still the largest market in terms of the number of foreign trips 14

outbound tourist flows from China and other countries are growing rapidly 14

Canada has the highest number of foreign trips per capita 16

and Japan's stagnant travel market appears especially weak given the country's wealth 17

Purpose of trips 19

The split between business and leisure travel often reflects the stage of outbound development 19

and the volume of leisure travel in China is surging upward at 18 3% per annum 20

Markets for international travel insurance and assistance 22

Number of policies 22

Stand-alone policy volumes for both single-trip and annual cover are closely tied to trip numbers 22

although other types of financial products are causing Japan to buck this trend 23

Globally, the growth in the number of stand-alone annual travel policies is gathering pace 24

Value of gross written premiums 27

The combined value of these ten markets is an estimated USD 5 79 billion 27

with total US premiums continuing to increase at around 10 7% per annum 28

In real terms, the Chinese and Brazilian markets are growing the fastest 29

and the relative cost of a typical travel policy in Russia is very low by international standards 32

Travel trade distribution of international travel insurance and assistance 34

Travel trade provision of international travel insurance and assistance 34

All travel trade entities: in overall terms, Canada and Australia have the highest provision rates 34

Travel agents and tour operators: the most valuable type of travel trade partners 35

Student and gap-year travel agents: a relatively concentrated segment, but with high trip volumes 36

Online travel portals: their distribution role is linked to local demand for fully-independent travel 37

Airlines: the availability of insurance varies widely, and is completely absent in some markets 38

Automotive associations: travel policies are available from 100% of such entities in Australia 39

Railway operators: several offer international travel cover, even if they lack international services 40

Ferry operators: insurance is available from ferry companies in six of the ten countries 41

Operating models 42

The use of multiple insurance providers is most common in Brazil and India 42

Leading international underwriters 43

Of the 95 ultimate underwriters identified by the research, 14 are active in two or more countries 43

Partnership market concentrations 44

In terms of its travel trade's leading partners, South Africa has the most concentrated market 44

Bank distribution of stand-alone travel insurance and assistance 46

Australia, China and India exhibit the highest levels of bank provision of stand-alone policies 46

and the use of multiple or captive insurance partners is widespread in many countries 47

Packaged distribution with payment cards and bank accounts 48

Five types of travel policy are routinely packaged with banking products 48

but the frequency and configuration of these covers varies widely between countries 48

Other distribution channels 50

Direct internet sales are present everywhere, although with varying degrees of sophistication 50

and there are many other participants, from large retail chains to independent resellers 50

Forecasts for international travel insurance and assistance markets 51

China and India will continue to experience high growth in trip numbers, albeit for different reasons 51

and premiums from stand-alone travel policies sold in Japan are expected to decline 52

3 0 AUSTRALIA 54

Underlying foreign travel market 54

Australia's outbound travel market continues to thrive, driven by a strong holiday segment 54

and Indonesia, as a leading destination, appears to benefit from the current economic climate 55

Market for international travel insurance and assistance 56

In real terms, gross written premiums are increasing by around 5 1% annually 56

with annual travel policies continuing to challenge Australia's remote geographical position 56

Distribution channel overview 57

Travel trade distribution is strong and extends beyond the core types of travel trade entity 57

and all of the major retail banks are active distributors of travel policies 57

Travel trade distribution of international travel insurance and assistance 58

Overview of travel trade entities sampled 58

Travel trade provision of international travel insurance and assistance 59

Almost 90% of regular travel agents and tour operators in Australia offer travel insurance 59

but provision rates vary significantly between the different types of travel trade entity 59

Operating models 60

Multiple partner relationships account for just 10% of all travel trade provision 60

and the use of brokers is extremely limited in the Australian market 60

Competitor share of partnerships 61

Cover-More is the most prominent partner for travel trade entities 61

and the Australian market is dominated by three major underwriters 61

Bank distribution of stand-alone travel insurance and assistance 64

The bank distribution of insurance, including travel policies, is well-established in Australia 64

with some major retail banks making use of captive insurance partners 64

Packaged distribution with payment cards and bank accounts 66

Comprehensive travel insurance is a common feature on Australian credit cards 66

and can also be added to most ANZ current accounts as part of a suite of optional benefits 66

Other distribution channels 68

Direct selling via the internet is sophisticated, and online aggregators also have a role to play 68

Domestic travel and domestic travel insurance and assistance 68

Significance of domestic travel 68

The cost implications of long-haul flights create a very active market for domestic travel 68

Travel trade distribution of domestic travel insurance and assistance 68

Domestic policies are widely available from the Australian travel trade, but uptake remains marginal 68

Forecasts and future developments 70

Underlying foreign travel market 70

Growth in outbound travel is likely to remain strong, especially within the key holiday segment 70

Market for international travel insurance and assistance 71

The number of single trip policies is expected to reach 4 7 million by 2014 71

4 0 BRAZIL 72

Underlying foreign travel market 72

Brazil's traditionally unpredictable travel sector continues to enjoy reasonable growth 72

with trips to the US and Argentina accounting for around one third of all foreign travel 73

Market for international travel insurance and assistance 74

Assistance cards are affordable, easy to carry and straightforward to use abroad 74

but many Brazilians still travel without sufficient cover to meet the Schengen requirements 74

Distribution channel overview 75

Travel trade distribution accounts for the vast majority of assistance card sales 75

and, whilst stand-alone bank provision is limited, Brazil has a fairly active packaged market 75

Travel trade distribution of international travel insurance and assistance 76

Overview of travel trade entities sampled 76

Travel trade provision of international travel insurance and assistance 77

100 0% provision rates are seen across some core segments of Brazil's travel trade 77

whereas airlines do not typically offer travel insurance and assistance policies 77

Operating models 78

Single partnerships account for around 60% of all relationships identified by the research 78

and many individual travel agents offer several competing brands of insurance product 78

Competitor share of partnerships 79

MIC (Coris) and two other leading brands account for more than half of all partnerships 79

with Chubb Group emerging as the most prominent underwriter in this field 79

Bank distribution of stand-alone travel insurance and assistance 82

Apart from a few major organisations, relatively few Brazilian banks sell travel policies 82

and captive insurers account for more than half of all distribution partnerships in this area 82

Packaged distribution with payment cards and bank accounts 84

Whilst around 30% of payment card products feature comprehensive travel insurance and assistance 84

the provision of individual elements, such as travel accident insurance, is also significant 84

Other distribution channels 86

Direct selling and online purchasing are present in Brazil, but are not considered to be significant 86

Domestic travel and domestic travel insurance and assistance 86

Significance of domestic travel 86

Brazil's domestic travel market is vast, although opportunities for insurance may be limited 86

Travel trade distribution of domestic travel insurance and assistance 86

The provision rates for domestic cover are very high among Brazilian travel trade entities 86

Forecasts and future developments 88

Underlying foreign travel market 88

Cultural and educational tourism will continue to drive outbound growth over the next four years 88

Market for international travel insurance and assistance 89

Absolute growth in premiums is expected to be in the region of 15 4% per annum 89

5 0 CANADA 90

Underlying foreign travel market 90

Outbound travel continues to grow, with the number of overseas trips remaining especially buoyant 90

and the US still dominates as the leading foreign destination for Canadian residents 91

Market for international travel insurance and assistance 92

Premium revenues from Canada's diverse market are rising by an estimated 9 4% annually 92

with the high frequency of international trips driving growth in annual policy numbers 92

Distribution channel overview 93

The travel trade must compete with both the bank and retail distribution channels 93

whilst insurance advisors also play a key role, particularly for 'snowbird' travellers 93

Travel trade distribution of international travel insurance and assistance 94

Overview of travel trade entities sampled 94

Travel trade provision of international travel insurance and assistance 95

Provision rates among the Canadian travel trade are the highest of any country in the report 95

and all of the principal Canadian and US airlines offer international travel insurance 95

Operating models 96

Around 8% of all travel trade distribution involves the use of multiple partners 96

and the Canadian market also features captive partnerships and insurance brokers 96

Competitor share of partnerships 97

The top three competitors account for nearly 75% of all travel trade partnerships 97

with two insurance brokers also playing an active, albeit limited, role in the Canadian market 97

Bank distribution of stand-alone travel insurance and assistance 100

In a complex regulatory environment, bank provision of travel insurance remains strong 100

and more than 50% of banks, including all five major players, offer stand-alone travel policies 100

Packaged distribution with payment cards and bank accounts 103

Nearly half of all credit card products include comprehensive travel insurance 103

whereas the incidence of specific travel assistance and travel health covers is far lower 103

Other distribution channels 105

Travel insurance is available from many of Canada's leading retail conglomerates 105

Domestic travel and domestic travel insurance and assistance 105

Significance of domestic travel 105

With around 90 million trips being undertaken annually, out-of-province healthcare is a relevant concern 105

Travel trade distribution of domestic travel insurance and assistance 105

Some travel agents reportedly sell a fairly even mixture of domestic and international policies 105

Forecasts and future developments 107

Underlying foreign travel market 107

Finaccord expects the outbound holiday segment to grow by 7 8% annually over the next four years 107

Market for international travel insurance and assistance 108

The number of annual policies is expected to reach four million by 2014 108

6 0 CHINA 109

Underlying foreign travel market 109

The continuing deregulation of foreign travel is driving China's voracious outbound market 109

although the vast majority of international travellers still do not go very far away 110

Market for international travel insurance and assistance 111

Gross written premiums are now more than double what they were in 2006 111

with awareness and uptake of travel insurance constantly on the increase 111

Distribution channel overview 112

For structural and legislative reasons, acquiring insurance from the travel trade is a natural fit 112

although most major Chinese banks can also provide travel cover in a variety of ways 112

Travel trade distribution of international travel insurance and assistance 113

Overview of travel trade entities sampled 113

Travel trade provision of international travel insurance and assistance 114

Availability of individual policies from Chinese travel agents and airlines is markedly low 114

partly due to the compulsory group insurance required for operators of ADS tours 114

Operating models 115

The vast majority of all Chinese travel trade provision is constituted as single partnerships 115

and multiple partnerships rarely involve a choice of more than two providers 115

Competitor share of partnerships 116

There is local variation within the insurance partnerships of China's major travel agencies 116

and Chartis is the only foreign underwriter to display a significant presence in this market 116

Bank distribution of stand-alone travel insurance and assistance 119

Stand-alone travel policies are available from all of China's 'big four' retail banks 119

and it is common for banks to partner with several insurance providers 119

Packaged distribution with payment cards and bank accounts 122

In China, the most commonly packaged type of travel cover is travel accident insurance 122

but instances of added value accounts featuring travel benefits are extremely rare 122

Other distribution channels 124

Direct internet sales and the use of call centres is increasing rapidly 124

Domestic travel and domestic travel insurance and assistance 124

Significance of domestic travel 124

CNTA reports that there are around two billion domestic trips undertaken every year 124

Travel trade distribution of domestic travel insurance and assistance 124

The availability of domestic travel policies exceeds that of international cover 124

Forecasts and future developments 126

Underlying foreign travel market 126

The number of foreign trips will increase to around 90 million by 2014 126

Market for international travel insurance and assistance 127

Annual growth in both policy volumes and premium values is likely to rise above 20% 127

7 0 INDIA 128

Underlying foreign travel market 128

Growth in outbound holiday and leisure travel remains strong, supported by its key VFR segment 128

with short-haul destinations, including the Persian Gulf States, continuing to be popular 129

Market for international travel insurance and assistance 130

Gross written premiums are increasing by around 10 6% per annum in real terms 130

and India's travel insurance market is dominated by single-trip policies 130

Distribution channel overview 131

Travel trade distribution is very important, although provision rates are fairly weak 131

and most bank provision takes the form of stand-alone rather than packaged distribution 131

Travel trade distribution of international travel insurance and assistance 132

Overview of travel trade entities sampled 132

Travel trade provision of international travel insurance and assistance 133

In a country where most travel is booked face-to-face, insurance provision rates are still fairly low 133

and none of the major airlines appears to offer travel insurance to their customers 133

Operating models 134

A significant proportion of travel trade entities distribute policies on behalf of multiple insurers 134

although single partner relationships still account for more than 60% of provision by travel agents 134

Competitor share of partnerships 135

India's large, nationalised insurers play only a very small part in underwriting travel policies 135

whereas two private joint ventures account for nearly 50% of all partnerships between them 135

Bank distribution of stand-alone travel insurance and assistance 138

Bank provision of stand-alone travel insurance is very high in India 138

where the majority of nationalised banks partner with state-controlled general insurers 138

Packaged distribution with payment cards and bank accounts 141

The provision of packaged travel covers in India is very low by international standards 141

although policies exist across many types of payment card products, including debit and pre-paid 141

Other distribution channels 143

Direct online selling is widely supported, and policies can also be bought from kiosks within airports 143

Domestic travel and domestic travel insurance and assistance 143

Significance of domestic travel 143

India's vast domestic travel market accounts for more than 650 million trips annually 143

Travel trade distribution of domestic travel insurance and assistance 143

Domestic policies are available from the India's travel trade, although provision rates are low 143

Forecasts and future developments 145

Underlying foreign travel market 145

The number of outbound trips will continue to grow rapidly, driven by long-term economic development 145

Market for international travel insurance and assistance 146

The number of single trip policies is expected to reach 16 million by 2014 146

8 0 JAPAN 147

Underlying foreign travel market 147

Japan's fairly stagnant outbound market is recovering well following the economic downturn 147

and China is a key destination, especially for Japan's growing business travel segment 148

Market for international travel insurance and assistance 149

The decline in gross written premiums from stand-alone policies is partly due to a fall in travel 149

although competition from packaged policies is another key factor 149

Distribution channel overview 150

Travel trade distribution remains significant, although provision is weak in certain areas 150

and the packaging of travel policies with payment cards is an important channel in Japan 150

Travel trade distribution of international travel insurance and assistance 151

Overview of travel trade entities sampled 151

Travel trade provision of international travel insurance and assistance 152

Whilst the overall availability of insurance from the Japanese travel trade is fairly good 152

provision rates among online travel portals and airlines are noticeably weak 152

Operating models 153

Almost 30% of all travel trade provision of insurance in Japan involves multiple partners 153

and several of JTB's subsidiary travel companies offer policies from its joint venture insurer 153

Competitor share of partnerships 154

AIU Insurance Company and Tokio Marine & Nichido Fire Insurance are the two major players 154

but several other insurers, including a newly-formed joint venture, also play a highly visible role 154

Bank distribution of stand-alone travel insurance and assistance 157

Less than half of Japan's retail banks and payment card issuers sell stand-alone travel policies 157

although provision is very strong among the various Mizuho Financial Group subsidiaries 157

Packaged distribution with payment cards and bank accounts 160

Comprehensive travel policies are packaged more widely in Japan than in most other countries 160

and travel insurance benefits are often applied to multi-function payment card products 160

Other distribution channels 162

Direct selling via the internet is sophisticated, and retailers also play an active part 162

Domestic travel and domestic travel insurance and assistance 162

Significance of domestic travel 162

Japan has a strong domestic market, fuelled by cultural and activity-based travel 162

Travel trade distribution of domestic travel insurance and assistance 162

Domestic policies are available from most travel trade entities offering domestic travel services 162

Forecasts and future developments 164

Underlying foreign travel market 164

Growth in outbound trips will be only modest, and driven mainly by foreign business travel 164

Market for international travel insurance and assistance 165

Against a backdrop of general decline, the number of annual policies is expected to grow 165

9 0 RUSSIA 166

Underlying foreign travel market 166

The continued spread of foreign travel beyond Russia's wealthy elite drives growth in trip numbers 166

and visa-free destinations such as Turkey and Egypt remain popular with holidaymakers 167

Market for international travel insurance and assistance 168

More than half of the recent rise in gross written premiums can be attributed to high CPI inflation 168

whilst the importance of familiar CIS destinations has a limiting effect on demand for insurance 168

Distribution channel overview 169

Travel trade distribution is strengthened by Russians' tendency to book trips at very short notice 169

and most bank distribution takes the form of packaged covers, rather than stand-alone policies 169

Travel trade distribution of international travel insurance and assistance 170

Overview of travel trade entities sampled 170

Travel trade provision of international travel insurance and assistance 171

Provision rates vary wildly between the different types of travel trade entity 171

and long-distance rail tickets automatically include basic travel insurance 171

Operating models 172

83% of Russian travel trade entities collaborate with a single insurance provider 172

with Aeroflot and Russian Railways both making use of captive insurance partners 172

Competitor share of partnerships 173

Ingosstrakh accounts for nearly a fifth of all travel trade partnerships 173

but several other large insurers have relationships with a number of the biggest tour operators 173

Bank distribution of stand-alone travel insurance and assistance 177

Russian banks do not generally sell stand-alone travel insurance policies 177

although cover is available from Alfa Bank and Raiffeisen Bank, among others 177

Packaged distribution with payment cards and bank accounts 179

Most types of packaged cover are available, but only on a limited range of credit and debit cards 179

and Russian bank accounts themselves do not typically feature any insurance enhancements 179

Other distribution channels 181

Direct selling does exist, although further innovation is required to improve access to this channel 181

Domestic travel and domestic travel insurance and assistance 181

Significance of domestic travel 181

Domestic travel remains the only affordable option for many ordinary Russians 181

Travel trade distribution of domestic travel insurance and assistance 181

Provision and uptake of domestic insurance is very low, with the exception of those going skiing 181

Forecasts and future developments 183

Underlying foreign travel market 183

The annual number of outbound holiday trips is expected to reach 31 2 million by 2014 183

Market for international travel insurance and assistance 184

The number of single trip policies is expected to reach 14 5 million by 2014 184

10 0 SOUTH AFRICA 185

Underlying foreign travel market 185

Road travel to neighbouring countries is a key segment of South Africa's outbound market 185

whereas the most popular intercontinental destinations include the UK and the US 186

Market for international travel insurance and assistance 187

In real terms, gross written premiums are increasing by approximately 2 3% per annum 187

with annual or multi-trip policies accounting for around 12 0% of the market 187

Distribution channel overview 188

Travel trade distribution is important in South Africa, although provision rates are relatively weak 188

and, with two significant exceptions, stand-alone provision by retail banks is uncommon 188

Travel trade distribution of international travel insurance and assistance 189

Overview of travel trade entities sampled 189

Travel trade provision of international travel insurance and assistance 190

Provision rates amongst travel trade entities are fairly low by international standards 190

and less than 30% of airlines offer international travel insurance to South African residents 190

Operating models 191

Multiple partner relationships account for around 26% of all travel trade provision in South Africa 191

and travel agents are sometimes willing to bypass their formal partnerships, if requested 191

Competitor share of partnerships 192

South Africa's travel insurance market is highly concentrated 192

with three leading insurance providers accounting for almost 95% of all travel trade partnerships 192

Bank distribution of stand-alone travel insurance and assistance 194

Only half of South Africa's major retail banks offer stand-alone travel policies 194

and Absa Bank (Barclays Group) makes use of its captive insurance partner 194

Packaged distribution with payment cards and bank accounts 196

Around three quarters of South African credit card products include travel insurance benefits 196

whereas packaged bank accounts rely on other types of product enhancements 196

Other distribution channels 198

Mainstream retailers and direct online distribution play only a limited role 198

Domestic travel and domestic travel insurance and assistance 198

Significance of domestic travel 198

South Africa's domestic travel market and healthcare sector affect demand for domestic policies 198

Travel trade distribution of domestic travel insurance and assistance 198

and travel trade provision of domestic cover is weak compared to that of most other countries 198

Forecasts and future developments 200

Underlying foreign travel market 200

In spite of an increasingly international outlook, growth in foreign travel will remain fairly modest 200

Market for international travel insurance and assistance 201

The number of annual or multi-trip policies is forecast to grow at 9 9% per annum 201

11 0 SOUTH KOREA 202

Underlying foreign travel market 202

Only health pandemics and major recessions can keep South Korea's outbound market in check 202

but local travel to Asia-Pacific destinations, especially China, continues to dominate 203

Market for international travel insurance and assistance 204

In real terms, gross written premiums are increasing by around 6 8% annually 204

with independent travellers in particular becoming more aware of their insurance needs 204

Distribution channel overview 205

South Korea's travel trade is responsible for distributing the majority of policies 205

although travel cover is widely available from retail banks, among other types of organisation 205

Travel trade distribution of international travel insurance and assistance 206

Overview of travel trade entities sampled 206

Travel trade provision of international travel insurance and assistance 207

The provision of travel insurance is grossly uneven across South Korea's travel trade 207

and, in the case of packaged tours, the cost of cover is frequently included in the cost of the trip 207

Operating models 208

Single partnerships account for around 80% of all travel trade provision 208

and there is one instance of a captive underwriter (Lotte Insurance) being used 208

Competitor share of partnerships 209

ACE Insurance accounts for more than a third of all travel trade partnerships 209

whereas three other insurers enjoy relations with a number of key travel trade entities 209

Bank distribution of stand-alone travel insurance and assistance 212

All of South Korea's principal banking organisations distribute stand-alone cover 212

and one co-operative bank makes use of its captive insurance partner 212

Packaged distribution with payment cards and bank accounts 214

Travel accident cover is available on nearly half of all credit card products 214

but packaged bank accounts in South Korea do not generally feature travel insurance 214

Other distribution channels 216

Universities and other providers of overseas educational services are relevant to this market 216

Domestic travel and domestic travel insurance and assistance 216

Significance of domestic travel 216

Domestic tourism, especially to the islands, is relatively strong in South Korea 216

Travel trade distribution of domestic travel insurance and assistance 216

Domestic policies are available from the travel trade, but are not sold in particularly large numbers 216

Forecasts and future developments 218

Underlying foreign travel market 218

South Korea's tiger economy, and its foreign travel sector, will continue to expand rapidly 218

Market for international travel insurance and assistance 219

The number of single trip polici

To order this report:

: Travel Insurance and Assistance in Major Global Markets

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CONTACT
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Intl: +1 805-652-2626

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