Overview

Unexpected turbulence: Volatile financial markets cause industry revenue to fluctuate

IBISWorld’s Travel Insurance market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

The growth trajectory of the Travel Insurance industry has been volatile over the past five years. Revenue growth is linked to the performance of financial markets and consumer propensity to demand travel insurance products. Overall, industry revenue is forecast to grow at an annualised 1.0% over the five years through 2015-16. Revenue is projected to increase by 1.4% in 2015-16, to reach $885.4 million, largely driven by continual growth in travel by Australians.

The strong Australian dollar for most of the past five years has bolstered Australians' enthusiasm for travel, and the number of international trips taken by Australians has increased consistently over the past five years. This trend has persisted even as the Australian dollar depreciated since 2012-13...

shopping_cartBUY NOW TO READ MORE

What is the Travel Insurance industry?

The Travel Insurance industry exhibits a medium level of capital intensity. For every dollar paid as wages, an estimated $0.13 is spent on capital investment. This is due to a large portion of activities being carried out by employees. The industry generally demands highly skilled employees specialising in finance, mathematics and statistics, risk management or actuarial science. The risk profile of consumers and the return on investments often require constant rebalancing by skilled and highly educated employees. This means that the average wage per employee in the industry is high, as is typical of industries in the insurance sector. Alt...

shopping_cartBUY NOW TO READ MORE

Look under the hood?

Download a FREE sample report

Products & Brands

Major products in this industry
Cancellation insurance
Delay insurance
Emergency medical insurance
Personal item loss insurance
Examples of brands in this Industry
Allianz Global Assistance
Cover-More Travel Insurance
Travel Insurance Partners
Vero Insurance

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Major Markets

Globalisation & Trade

Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

Contact Us

Want to speak to a representative? Call us.

clear