Research and Markets has made its latest report called “UK Travel Insurance 2011” available, providing deeper insight into the performance of the leading travel insurers in the country as well as key data regarding market share and GWP.
This report helps to provide context for the data it has collected, as well as an analysis of the key issues in this sector of the market. Among its features is a discussion of last year’s trends in marketing that help to indicate the direction of the market and the strategies of the various competitors.
This Research and Markets publication also provided useful data regarding the size of the market and what the primary drivers were last year for travel trends and claims. This gives much clearer insight into the new partnerships, the competitive environment as a whole, and the impact caused by the top insurers on the travel insurance marketplace.
The report also made helpful predictions regarding the growth of the GWP of the market until 2015, based on secondary research, interviews with industry professionals, and its own in-house expertise.
Among the data it collected for the report was the total number of visits to the United Kingdom in 2011, which was determined to be 6.3 percent lower than it had been the year before. This means that there were 54.9 million visitors to the country where the number of visitors had been 58.6 million in 2010. Ever since 2008, there has been a notable decline in foreign travel, with an average falling rate of 5.3 percent from 2006 to 2010.
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