Bharat Book

Travel Insurance and Assistance in Bahrain

Press Release   •   Jun 15, 2013 11:25 IST

It includes the following unique features:
 - data spanning 2008 to 2012 for the underlying travel market with segmentations by type of journey (between holiday and business trips) and with related commentary concerning the popularity of different overseas destinations;
 - data for the size of the market for stand-alone travel insurance and assistance in Bahrain between 2008 and 2012 in terms of premiums and policies, with a segmentation between single-trip and annual cover;
 - analyses of the share of distribution relationships of travel insurance providers split between travel trade, transportation and financial organisations, based on a primary survey of over 70 actual and potential distributors of stand-alone travel policies;
 - a review of other direct and affinity distribution channels used in Bahrain, including cover packaged with payment cards and bank accounts as well as automotive clubs, direct sales, online aggregators and brokers, other online brands and retailers;
 - forecasts to 2016 for both the underlying travel market and for the size of the market for stand-alone travel insurance and assistance in terms of premiums and policies, with the same segmentations as those specified above for the period from 2008 to 2012.
 The report is accompanied by an Excel PartnerBASE™ dataset that details the travel insurance partnerships of each of the travel trade, transportation and financial organisations covered, plus a convenient market data annexe, also in Excel format. This annexe can be used as a convenient source of data already in Excel format which means that there is no need for users to re-enter data from the PDF report into their own Excel worksheets.
 What is this report about?
 This report builds upon Finaccord's ground-breaking studies of this topic in other regions
 Primary research
 The survey includes more than 70 travel trade, transportation and financial organisations…
 …and draws on an analysis of various travel benefits linked to banking products
 Market data
 External sources
 Travel insurance and assistance: how it all fits together
 The term 'travel insurance' can refer to protection from a heterogeneous range of risks…
 ...and assistance companies play a fundamental role in the global travel insurance industry
 Terms and abbreviations
 Types of packaged travel insurance and assistance
 Operating models
 Currencies, exchange rates and inflation
 Underlying foreign travel market
 Residents of Bahrain undertake an estimated 0.7 million overnight trips every year…
 …although the majority of these travellers do not go beyond the Middle East region
 Market for travel insurance and assistance
 In real terms, Bahrain's stand-alone travel insurance market is growing at nearly 18% per year…
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