What is the Travel Insurance industry?
The Travel Insurance industry exhibits a high level of market share concentration, with the top four companies accounting for an estimated 84.7% of the industry. The industry is a subset of the General Insurance industry. Like many other financial service industries, the insurance sector is dominated by a handful of large multinational financial services companies. The Travel Insurance industry is also characterised by a number of independent agents who underwrite and issue travel insurance in partnership with foreign insurance companies. Over the past five years, industry establishment numbers have grown slowly, with most industry players offering a diverse range of insurance products in addition to travel insurance... purchase to read more