Experts in European Financial Services

Experts in European Financial Services

EUROPEAN REPORT:

Travel Metrics: Consumer Approaches to Travel Insurance in Spain

Price £595

Finaccord's report titled Travel Metrics: Consumer Approaches to Travel Insurance in Spain offers detailed insights into the behaviour of Spanish consumers in the context of travel insurance. Based on a primary survey of consumers in Spain carried out between June and August 2006, the research provides valuable data describing the extent to which those undertaking significant journeys take out travel insurance and clarifying the proportion of uninsured travellers who recognise the benefits of the insurance but simply do not get round to acquiring cover.

In addition to calculating the percentage of consumers that buys travel insurance in Spain, the investigation also analyses the types of policy that they buy (ie. annual policies, single trip policies or policies packaged automatically with holidays / travel tickets or credit cards), whether they hold comprehensive or partial cover for travel-related risks, which distribution channel and interface they use to take out travel insurance and whether they buy a policy at the same time as arranging a holiday or travel ticket or either in advance or retrospectively.

Finally, the report measures the degree to which consumers are satisfied with their insurance, whether they find it expensive and if they are unlikely to purchase it the next time that they undertake a significant trip, and ranks major underwriters of travel insurance according to the frequency with which they are identified by consumers as the provider of their policy.

Key features of this report include:

- unique analyses showing the percentage of consumers that acquire travel insurance in Spain and the potential for this proportion to grow further;

- accurate data describing the percentage of travellers covered for a comprehensive range of travel-related risks as opposed to a limited array of risks only;

- robust statistics illustrating the extent to which a plethora of alternative distribution channels, such as airlines, banking institutions, credit card issuers, retailers and direct sales by insurers are eroding the share of the travel trade;

- reliable ranking of the underwriters identified by consumers as the providers of their travel insurance the last time that they undertook a significant journey;

- valuable insights into the reasons given by travellers for not purchasing insurance (for example, because they did not have time, because it is too expensive, because they did not see the benefit).

For the table of contents for Travel Metrics: Consumer Approaches to Travel Insurance in Spain, please click on the link below. Moreover, for further information about both this report and the others in the Travel Metrics series, please click on the second link below.

Table of Contents | Series Prospectus

 

 

 
Experts in European Financial Services
 
 
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Tel: +44 20 7316 1864. Fax +44 20 7624 3629.
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