UK Travel Insurance Market Size, Key Trends, Emerging Opportunities, Strategies, Drivers, Outlook and Competitive Landscape
UK Travel Insurance Market Size, Key Trends, Emerging
Opportunities, Strategies, Outlook and Competitive Landscape
The UK travel insurance sector reported a decline in performance in 2015 compared to the previous year and
remains a fiercely competitive space, with insurers struggling to increase profitability.
The competitor landscape sits in a reasonably top-heavy state, with the top five insurers alone accounting for two
thirds of gross written premiums (GWP). However, performance within this group and the market in general has
been sluggish, with the market seeing consistent decline since 2013 as various players' books have grown and
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Verdict Financial's UK Travel Insurance: Competitor Dynamics 2016 provides an analysis of the competitive
landscape within the UK travel insurance market, covering the GWP progression of the major travel insurance
underwriters between 2012 and 2015. It also examines recent developments that have impacted these companies
and the overall travel insurance industry.
- The top 10 insurers accounted for 80% of the total market in 2015.
- AXA is the largest travel insurer with 22% of the market.
- Seven of the top 10 travel insurers reported a GWP decrease in 2015.
- ACE European Group, Direct Line Group, and Aviva achieved notable market share increases.
Reasons To Buy
- Benchmark yourself against other players in the market.
- Adapt your proposition to gain competitor advantage.
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