|By PR Newswire||
|January 28, 2014 10:44 AM EST||
NEW YORK, Jan. 28, 2014 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Finaccord's report titled Travel Insurance and Assistance in India is about the current status and likely future development of the market for stand-alone travel insurance policies in India. 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 by destination country;
- data for the size of the market for stand-alone travel insurance and assistance in India 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 close to 140 actual and potential distributors of stand-alone travel policies;
- a review of other direct and affinity distribution channels used in India, 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.
TABLE OF CONTENTS
0.0 EXECUTIVE SUMMARY 1
1.0 INTRODUCTION 3
What is this report about? 3
This report updates and expands upon Finaccord's previous ground-breaking research 3
Primary research 3
The survey includes close to 140 travel trade, transportation and financial organisations… 3
…and draws on a separate analysis of travel benefits linked to banking products 4
Market data 4
External sources 4
Travel insurance and assistance: how it all fits together 5
The term 'travel insurance' can refer to protection from a heterogeneous range of risks… 5
.and assistance companies play a fundamental role in the global travel insurance industry 5
Terms and abbreviations 6
Types of packaged travel insurance and assistance 6
Operating models 7
Currencies, exchange rates and inflation 7
PartnerBASE and market data annexe 8
2.0 MARKET ANALYSIS 10
Underlying foreign travel market 10
Foreign trips per capita remain low although they have increased rapidly in recent years 10
Migrant worker flows, especially to parts of the Middle East, play a key role in India 12
Market for travel insurance and assistance 12
In real terms, India's travel insurance market is growing at a healthy rate… 12
…albeit the market remains heavily dominated by single-trip cover 13
Distribution through travel trade, transportation and financial organisations 14
Summary of organisations researched 14
Provision rates 15
Availability of travel policies is highest among travel agents and online travel specialists 15
.and more than half of India's banks also offer stand-alone cover 15
Operating models 16
The vast majority of distributors partner with one or more external underwriters 16
Competitor share of partnerships 18
Leading providers of insurance via the travel trade include Bajaj Allianz and Tata AIG. 18
.and many of National Insurance Company's activities in this area are due to TrawellTag 19
Seven other travel insurance underwriters lay claim to at least one significant travel trade partnership 19
Airline involvement in the distribution of travel insurance remains apparently limited 20
The leading provider of travel insurance to the travel sector works with nine banks. 21
. placing it comfortably ahead of its nearest rival which claims four bank relationships 21
Travel insurance and assistance linked to payment cards and bank accounts 22
Around a third of credit card products include one or more types of travel cover… 23
.whereas travel policies are not a feature of packaged bank accounts in India 23
Other distribution channels 24
Automotive clubs 24
Direct distribution by insurance underwriters 25
Many of the country's leading underwriters sell travel policies directly… 25
.although the state-owned insurers generally lack online sales capability 25
Online aggregators and brokers 25
Several online insurance aggregators are also active in this field 25
Other online brands 25
Two international travel insurance brands are able to offer cover to Indian travellers 25
Two retail brands act as distributors of travel insurance 25
Other types of distributor 26
Underlying foreign travel market 26
The number of foreign holiday trips is expected to grow at nearly 12% per annum up to 2016. 26
Market for travel insurance and assistance 27
. which will help to propel strong nominal growth in travel insurance premiums 27
LIST OF GRAPHICS / TABLES
0.0 EXECUTIVE SUMMARY 1
Key market data for travel insurance and assistance in India, 2008, 2012 and 2016 2
1.0 INTRODUCTION 3
Travel insurance and assistance: how it all fits together 5
2.0 MARKET ANALYSIS 10
Number of foreign trips undertaken by residents of India, segmented by purpose of trip, 2008 to 2012 11
Number of foreign trips undertaken by residents of India, segmented by purpose of trip, 2008 to 2012 (table) 11
Destinations of foreign trips undertaken by residents of India, 2012 12
Estimated gross written premiums and policy numbers for travel insurance and assistance in India, 2008 to 2012 13
Estimated gross written premiums and policy numbers for travel insurance and assistance in India, 2008 to 2012 (table) 14
Summary of travel trade, transportation and financial organisations researched in India, segmented by type, 2013 15
Provision rates for stand-alone travel insurance and assistance in India, segmented by type of travel trade, transportation and financial organisation, 2013 16
Operating models used for stand-alone travel insurance and assistance in India, segmented by type of travel trade, transportation and financial organisation, 2013 17
Operating models used for stand-alone travel insurance and assistance in India, segmented by type of travel trade, transportation and financial organisation, 2013 (table) 18
Competitor share of partnerships for stand-alone travel insurance and assistance in India, 2013: travel trade organisations 20
Competitor share of partnerships for stand-alone travel insurance and assistance in India, 2013: transportation organisations 21
Competitor share of partnerships for stand-alone travel insurance and assistance in India, 2013: financial organisations 22
Provision rates for travel insurance and assistance linked to payment cards and bank accounts in India, segmented by product function and level, and by type of cover, 2013 24
Forecast number of foreign trips undertaken by residents of India, segmented by purpose of trip, 2016 26
Forecast number of foreign trips undertaken by residents of India, segmented by purpose of trip, 2016 (table) 27
Forecast gross written premiums and policy numbers for travel insurance and assistance in India, 2016 28
Forecast gross written premiums and policy numbers for travel insurance and assistance in India, 2016 (table) 28
To order this report: Travel Insurance and Assistance in India
Contact Clare: [email protected]
Intl: +1 339-368-6001
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Mar. 28, 2017 02:30 AM EDT Reads: 2,010
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
Mar. 28, 2017 02:15 AM EDT Reads: 3,084
The modern software development landscape consists of best practices and tools that allow teams to deliver software in a near-continuous manner. By adopting a culture of automation, measurement and sharing, the time to ship code has been greatly reduced, allowing for shorter release cycles and quicker feedback from customers and users. Still, with all of these tools and methods, how can teams stay on top of what is taking place across their infrastructure and codebase? Hopping between services a...
Mar. 28, 2017 02:15 AM EDT Reads: 9,898
Virtualization over the past years has become a key strategy for IT to acquire multi-tenancy, increase utilization, develop elasticity and improve security. And virtual machines (VMs) are quickly becoming a main vehicle for developing and deploying applications. The introduction of containers seems to be bringing another and perhaps overlapped solution for achieving the same above-mentioned benefits. Are a container and a virtual machine fundamentally the same or different? And how? Is one techn...
Mar. 28, 2017 02:15 AM EDT Reads: 3,095
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
Mar. 28, 2017 02:00 AM EDT Reads: 3,888
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Mar. 28, 2017 01:00 AM EDT Reads: 2,336
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,
Mar. 28, 2017 12:45 AM EDT Reads: 975
Interoute has announced the integration of its Global Cloud Infrastructure platform with Rancher Labs’ container management platform, Rancher. This approach enables enterprises to accelerate their digital transformation and infrastructure investments. Matthew Finnie, Interoute CTO commented “Enterprises developing and building apps in the cloud and those on a path to Digital Transformation need Digital ICT Infrastructure that allows them to build, test and deploy faster than ever before. The int...
Mar. 28, 2017 12:00 AM EDT Reads: 1,242
Whether you like it or not, DevOps is on track for a remarkable alliance with security. The SEC didn’t approve the merger. And your boss hasn’t heard anything about it. Yet, this unruly triumvirate will soon dominate and deliver DevSecOps faster, cheaper, better, and on an unprecedented scale. In his session at DevOps Summit, Frank Bunger, VP of Customer Success at ScriptRock, discussed how this cathartic moment will propel the DevOps movement from such stuff as dreams are made on to a practic...
Mar. 28, 2017 12:00 AM EDT Reads: 8,369
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
Mar. 27, 2017 11:30 PM EDT Reads: 3,061
The cloud competition for database hosts is fierce. How do you evaluate a cloud provider for your database platform? In his session at 18th Cloud Expo, Chris Presley, a Solutions Architect at Pythian, gave users a checklist of considerations when choosing a provider. Chris Presley is a Solutions Architect at Pythian. He loves order – making him a premier Microsoft SQL Server expert. Not only has he programmed and administered SQL Server, but he has also shared his expertise and passion with budd...
Mar. 27, 2017 09:45 PM EDT Reads: 3,055
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Mar. 27, 2017 09:45 PM EDT Reads: 3,652
Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing and analyzing streaming data is the Lambda Architecture, represent...
Mar. 27, 2017 08:15 PM EDT Reads: 6,327
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
Mar. 27, 2017 07:45 PM EDT Reads: 2,207
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
Mar. 27, 2017 07:30 PM EDT Reads: 4,600