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市場調查報告書

英國的旅遊保險市場:主要趨勢與市場機會

Travel Insurance in the UK, Key Trends and Opportunities to 2018

出版商 Timetric 商品編碼 299424
出版日期 內容資訊 英文 63 Pages
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英國的旅遊保險市場:主要趨勢與市場機會 Travel Insurance in the UK, Key Trends and Opportunities to 2018
出版日期: 2014年04月11日 內容資訊: 英文 63 Pages
簡介

英國的旅遊保險總保費收入,2012年為7億2400萬英鎊,2013年推算為7億4200萬英鎊。近幾年的英國旅遊保險市場,受到強烈的景氣上升、下降,及海外旅行需求的縮小等影響,2008∼2012年的年複合成長率成為-0.53%。特別是,費用的問題上國內旅遊比海外旅行更熱門,及各企業抑製出差費,導至旅遊保險市場縮小。同時,旅遊中的醫療費申請劇增,2012年1人平均900英鎊(比起2004年增加50%以上),佔保險申請額的56%。產業非常具競爭性,各公司為了維持市場佔有率展開價格競爭。還有廉價的網際網路專用銷售窗口也普及。今後,預計隨英國經濟復甦,消費者信心指數和海外旅行環境熱能也將恢復,2014∼2018年的年複合成長率為2.20%,2018年的總保費收入達到8億2900萬英鎊。

本報告提供英國的旅遊保險市場相關分析、制度的特徵和市場結構、推動因素與課題、市場規模趨勢(過去、今後5年份)、通路趨勢、產業的競爭力、近幾年的產業趨勢(資本交易、產業聯盟等)、政府的相關法規、政策,再加上主要企業簡介等調查,並將結果概述為以下內容。

第1章 摘要整理

第2章 簡介

  • 本報告概要
  • 定義
  • 分析方法

第3章 市場分析

  • 市場規模
    • 保險的普及率和密度
  • 保險金申請學
    • 過去的實際成果值
    • 今後的預測值
  • 推動市場要素
  • 市場預測
  • 通路
    • 通路預測

第4章 競爭環境

  • 盈利
    • 投資報酬率
    • 盈利預測
  • 業績前幾名企業
  • 商品開發
  • 旅遊保險的SWOT分析

第5章 波特的五力分析

  • 供應商談判力:低
  • 買主談判力:高
  • 進入障礙:中
  • 同業間的競爭:中∼高
  • 替代產品的威脅:中

第6章 資本交易趨勢(共5件)

第7章 最近的產業趨勢(共2件)

第8章 法規與合法性

  • 近幾年的法修改
    • 消費者保險(信息披露、通知)法(2012年)
    • 禁止男女間的保險費率差距的EU指令
    • 民航(ATOL)法規(2012年)
  • 今後的法規修訂預測
    • 新清償能力制度

第9章 宏觀經濟的影響

  • 實質GDP成長率
  • 勞動市場狀況
  • 通貨膨脹
  • 可支配所得
  • 利率

第10章 企業簡介

  • ACE European Group Ltd
    • 主要資料
    • 主要商品
    • 主要的競爭企業
    • 企業幹部
  • Ageas (UK) Ltd
  • AIG Europe Ltd
  • Allianz Insurance Plc
  • Aviva Plc
  • Axa UK Plc
  • Chubb Insurance Company of Europe SE
  • Direct Line Insurance Group Plc
  • Great Lakes Reinsurance (UK) Plc
  • Mapfre Asistencia Compania Internacional de Seguros y Reaseguros, SA

第11章 統計

  • 實際成果值資料(過去5年份)
  • 預測值資料(今後5年份)

第12章 附錄

圖表一覽

目錄
Product Code: FS0117MR

Gross written premiums for travel insurance were valued at GBP724 million in 2012, and an estimated GBP742 million in 2013. Volatile premium growth was recorded during the review period (2008-2012), as demand was strongly influenced by the UK's recessionary economic backdrop limiting demand for overseas travel. The compound annual growth rate (CAGR) registered during the review period was more stable at -0.53%, however.

UK residents made fewer trips abroad during the review period, with discretionary spending on holidays constrained by weak growth in earnings, employment uncertainty and rising travel costs, while businesses reduced budgets for corporate travel. A preference for domestic holidays induced a 12.5 million dip in the number of leisure and business trips abroad during the review period.

Medical costs represented 56% of travel insurance claims in 2012, and, despite fewer overseas trips being made, costs relating to claims have risen sharply. The average medical claim totaled GBP900 in 2012, 50% higher than in 2004. The reported refusal of the European Health Insurance Card (EHIC) in hospitals in Spain, Greece and Cyprus added to insurers' cost burdens.

The travel insurance category is highly competitive and has become increasingly commoditized, with insurers competing on price to maintain market share. Online distribution - through direct and price-comparison website channels - is well established, and has fostered an increase in the number of low-cost internet-only brands. The underwriting capacity for these products is dominated by the 10 largest insurers in the category.

Stronger UK economic growth from 2014 will spur an improvement in consumer confidence and spending to provide the impetus to growth in demand for travel insurance over the forecast period. Gross written premiums are forecast to grow at a CAGR of 2.20% over 2014-2018, reaching a total of GBP829 million in 2018.

Opportunities exist to deepen penetration in the category. An aging population and trends for a more active retirement are increasing demand for travel insurance policies with no age limits. A parliamentary review in 2013 found that 91% of travel policies available in the UK imposed an upper age limit, and age-related charities have begun lobbying for market changes. Customer education also allows insurers to highlight the shortfalls of the basic cover offered through the EHIC and Civil Aviation Authority compensation schemes.

Scope

This report provides market analysis, information and insights into the UK travel insurance business.

  • It provides a global snapshot of market size
  • It analyses drivers and the outlook for the market
  • It provides information on distribution channels
  • It covers deals, news and regulatory developments

Reasons To Buy

  • Gain an understanding of the UK travel insurance market size
  • Learn about the performance of market drivers and distribution channels
  • Understand the competitive landscape in terms of performance, profitability and product innovation
  • Find out more on key deals and recent developments in the market

Table of Contents

1. Executive Summary

2. Introduction

  • 2.1. What is this Report About?
  • 2.2. Definitions
  • 2.3. Methodology

3. Market Analysis

  • 3.1. Market Size
    • 3.1.1. Penetration and density
  • 3.2. Claims
    • 3.2.1. Claims review
    • 3.2.2. Claims outlook
  • 3.3. Market Drivers
  • 3.4. Market Outlook
  • 3.5. Distribution Channels
    • 3.5.1. Distribution outlook

4. Competitive Landscape

    • 4.1.1. Investment returns
    • 4.1.2. Profitability outlook
  • 4.2. Review - The Best Performers of 2012
  • 4.3. Product Innovation
  • 4.4. Travel Insurance - SWOT Analysis

5. Porter's Five Forces Analysis

  • 5.1. Bargaining Power of Suppliers: Low
  • 5.2. Bargaining Power of Buyers: High
  • 5.3. Barriers to Entry: Medium
  • 5.4. Intensity of Rivalry: Medium to High
  • 5.5. Threat of Substitution: Medium

6. Deals

  • 6.1. Allianz Partners With STA Travel
  • 6.2. BIBA Renews Deal With Specialist Broker
  • 6.3. Holiday Extras Acquires Thomas Cook's Insurance Subsidiary
  • 6.4. Axa Increases Broker Capacity
  • 6.5. AIG to Underwrite Bupa's Travel Insurance Products

7. News

  • 7.1. FCA Recommends Shake-up of Insurance Add-ons
  • 7.2. Abta Renews Calls for Regulation Review

8. Regulation and Compliance

  • 8.1. Recent Changes
    • 8.1.1. Consumer Insurance (Disclosure and Representations) Act 2012
    • 8.1.2. EU Gender Directive
    • 8.1.3. Civil Aviation (ATOL) Regulations 2012
  • 8.2. Upcoming Regulations
    • 8.2.1. Solvency II

9. Macroeconomic Backdrop

  • 9.1. Real GDP Growth
  • 9.2. Labor Market Conditions
  • 9.3. Inflation
  • 9.4. Disposable Income
  • 9.5. Interest Rates

10. Company Profiles

  • 10.1. ACE European Group Ltd - Company Overview
    • 10.1.1. ACE European Group Ltd - key facts
    • 10.1.2. ACE European Group Ltd - main products
    • 10.1.3. ACE European Group Ltd - main competitors
    • 10.1.4. ACE European Group Ltd - key employees
  • 10.2. Ageas (UK) Ltd - Company Overview
    • 10.2.1. Ageas (UK) Ltd - key facts
    • 10.2.2. Ageas (UK) Ltd - main products
    • 10.2.3. Ageas (UK) Ltd - main competitors
    • 10.2.4. Ageas (UK) Ltd - key employees
  • 10.3. AIG Europe Ltd - Company Overview
    • 10.3.1. AIG Europe Ltd - key facts
    • 10.3.2. AIG Europe Ltd - main products
    • 10.3.3. AIG Europe Ltd - main competitors
    • 10.3.4. AIG Europe Ltd - key employees
  • 10.4. Allianz Insurance Plc - Company Overview
    • 10.4.1. Allianz Insurance Plc - key facts
    • 10.4.2. Allianz Insurance Plc - main products
    • 10.4.3. Allianz Insurance Plc - main competitors
    • 10.4.4. Allianz Insurance Plc - key employees
  • 10.5. Aviva Plc - Company Overview
    • 10.5.1. Aviva Plc - key facts
    • 10.5.2. Aviva Plc - main products
    • 10.5.3. Aviva Plc - main competitors
    • 10.5.4. Aviva Plc - key employees
  • 10.6. Axa UK Plc - Company Overview
    • 10.6.1. Axa UK Plc - key facts
    • 10.6.2. Axa UK Plc - main products
    • 10.6.3. Axa UK Plc - main competitors
    • 10.6.4. Axa UK Plc - key employees
  • 10.7. Chubb Insurance Company of Europe SE - Company Overview
    • 10.7.1. Chubb Insurance Company of Europe SE - key facts
    • 10.7.2. Chubb Insurance Company of Europe SE - main products
    • 10.7.3. Chubb Insurance Company of Europe SE - main competitors
    • 10.7.4. Chubb Insurance Company of Europe SE - key employees
  • 10.8. Direct Line Insurance Group Plc - Company Overview
    • 10.8.1. Direct Line Insurance Group Plc - key facts
    • 10.8.2. Direct Line Insurance Group Plc - main products
    • 10.8.3. Direct LineInsurance Group Plc - main competitors
    • 10.8.4. Direct Line Insurance Group Plc - key employees
  • 10.9. Great Lakes Reinsurance (UK) Plc - Company Overview
    • 10.9.1. Great Lakes Reinsurance (UK) Plc - key facts
    • 10.9.2. Great Lakes Reinsurance (UK) Plc - main products
    • 10.9.3. Great Lakes Reinsurance (UK) Plc - main competitors
    • 10.9.4. Great Lakes Reinsurance (UK) Plc - key employees
  • 10.10. Mapfre Asistencia Compania Internacional de Seguros y Reaseguros, SA - Company Overview
    • 10.10.1. Mapfre Asistencia Compania Internacional de Seguros y Reaseguros, SA - key facts
    • 10.10.2. Mapfre Asistencia Compania Internacional de Seguros y Reaseguros, SA - main products
    • 10.10.3. Mapfre Asistencia Compania Internacional de Seguros y Reaseguros, SA - main competitors
    • 10.10.4. Mapfre Asistencia Compania Internacional de Seguros y Reaseguros, SA - key employees

11. Statistics

  • 11.1. Review Period: 2008-2012
  • 11.2. Forecast Period: 2013-2017

12. Appendix

  • 12.1. Methodology
  • 12.2. Contact Timetric
  • 12.3. About Timetric
  • 12.4. Timetric's Services
  • 12.5. Disclaimer

List of Tables

  • Table 1: Insurance Industry Definitions
  • Table 2: UK Travel Insurance - Market Summary (GBP Thousand), 2008-2012
  • Table 3: UK Travel Insurance - Online Retailers
  • Table 4: UK Travel Insurance -Key Affinity Partnerships
  • Table 5: UK Travel Insurance - Market SWOT Analysis
  • Table 6: Recent and Upcoming Regulatory Changes
  • Table 7: ACE European Group Ltd, Key Facts
  • Table 8: ACE European Group Ltd, Main Products
  • Table 9: ACE European Group Ltd, Key Employees
  • Table 10: Ageas (UK) Ltd, Key Facts
  • Table 11: Ageas (UK) Ltd, Main Products
  • Table 12: Ageas (UK) Ltd, Key Employees
  • Table 13: AIG Europe Ltd, Key Facts
  • Table 14: AIG Europe Ltd, Main Products
  • Table 15: AIG Europe Ltd, Key Employees
  • Table 16: Allianz Insurance Plc, Key Facts
  • Table 17: Allianz Insurance Plc, Main Products
  • Table 18: Allianz Insurance Plc, Key Employees
  • Table 19: Aviva Plc, Key Facts
  • Table 20: Aviva Plc, Main Products
  • Table 21: Aviva Plc, Key Employees
  • Table 22: Axa UK Plc, Key Facts
  • Table 23: Axa UK Plc, Main Products
  • Table 24: Axa UK Plc, Key Employees
  • Table 25: Chubb Insurance Company of Europe SE, Key Facts
  • Table 26: Chubb Insurance Company of Europe SE, Main Products
  • Table 27: Chubb Insurance Company of Europe SE, Key Employees
  • Table 28: Direct Line Insurance Group Plc - Key Facts
  • Table 29: Direct Line Insurance Group Plc - Main Products
  • Table 30: Direct Line Insurance Group Plc - Key Employees
  • Table 31: Great Lakes Reinsurance (UK) Plc, Key Facts
  • Table 32: Great Lakes Reinsurance (UK) Plc, Main Products
  • Table 33: Great Lakes Reinsurance (UK) Plc, Key Employees
  • Table 34: Mapfre Asistencia Compania Internacional De Seguros Y Reaseguros, SA, Key Facts
  • Table 35: Mapfre Asistencia Compania Internacional de Seguros y Reaseguros, SA, Main Products
  • Table 36: Mapfre Asistencia Compania Internacional de Seguros y Reaseguros, SA, Key Employees
  • Table 37: Travel Insurance (GBP Thousand), 2008-2012
  • Table 38: Travel Insurance (GBP Thousand), 2013-2018

List of Figures

  • Figure 1: UK Travel Insurance - Gross Written Premiums (GBP Million), 2008-2012
  • Figure 2: UK Travel Insurance - Penetration Rate (%) and Density (GBP), 2008-2012
  • Figure 3: UK, EU and US Health Inflation (%), 2008-2013
  • Figure 4: UK Residents' Visits Abroad (Thousands), 2006-2013
  • Figure 5: Annual Change in UK Residents' Travel Expenditure (%), 2009-2012
  • Figure 6: UK Business Spending on Travel Abroad (GBP Billions), 2008-2012
  • Figure 7: UK Consumer Prices - Travel and Transport (%), 2004-2013
  • Figure 8: UK Travel Insurance - Gross Written Premiums Forecast (GBP Millions) 2014-2018
  • Figure 9: UK Population Growth by Age (%) 2007-2018
  • Figure 10: Market Shares of the 10 Leading UK Travel Insurers (%) in 2012
  • Figure 11: UK Travel Insurance - Five Forces Analysis
  • Figure 12: The UK's Insurance Regulatory Framework
  • Figure 13: UK Real GDP Growth (%), 2008-2018
  • Figure 14: UK Unemployment and Redundancy Rates (%), 2004-2013
  • Figure 15: UK Average Weekly Earnings, 2004-2013
  • Figure 16: UK Consumer Price Inflation (%), 2004-2013
  • Figure 17: UK Consumer Price Inflation (%), 2004-2013
  • Figure 18: UK Bank of England Rate (%), 2004-2014
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