The overall number of trips abroad by UK citizens increased to 60.7 million last year. Driven by an increase in business trips and holidays abroad. This report provides a in-depth analysis of the current market and future opportunities for your business.

With an increasing number of travellers choosing short-duration multiple holidays in a year, single policy insurance will need to fall in price to appear competitive with annual multi-trip policies, otherwise the market for the single policy may shrink in the future.

The overall number of trips abroad by UK citizens increased to 60.7 million last year. Driven by an increase in business trips and holidays abroad. This report provides a in-depth analysis of the current market and future opportunities for your business.

With an increasing number of travellers choosing short-duration multiple holidays in a year, single policy insurance will need to fall in price to appear competitive with annual multi-trip policies, otherwise the market for the single policy may shrink in the future.

Mintel predicts that the market could potentially grow by £84 million per annum if the 14% of respondents in our exclusive survey who don’t currently take any insurance can be converted.

An increasingly competitive industry is eating into the top tier of providers – Europ Assistance, AXA and GEFI. Furthermore it is an increasingly hard market for travel agents, who are currently watching their market share being taken by all other distribution channels.

How can you take advantage of the opportunities highlighted in this report?

Who will be your key consumers in the next 12 months and how can you target them effectively?

This report is more than a simple review of the industry – it provides a strategic guide to future success for your business.