Travel insurance covers the cost incurred due to any problematic incidents while traveling. It includes trip cancellation losses, loss of baggage, medical treatment of patients, and loss of travel documents, evacuation, or deportation during an emergency, and some other unavoidable conditions. In the coming years, the Italy travel insurance market is projected to grow at a significant rate owing to its low penetration rate and growth in tourism industry. According to World Travel & Tourism Council (WTTC), Italy tourism sector will rise by 2.6% in the year 2017, and is expected to contribute around 5.1% of country’s GDP by 2027. Research Beam Model: Research Beam Product ID: 2836792 2150 USD New
Italy Travel Insurance Market by Product Type (single trip travel insurance, annual multi-trip travel insurance, and long-stay travel insurance), by Distribution Channel (insurance intermediaries, insurance company, bank, insurance broker, insurance aggregator, and others) and End User (senior citizen, education traveler, backpackers, business traveler, family traveler, fully independent traveler) - Opportunity Analysis and Industry Forecast, 2016-2023

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Italy Travel Insurance Market by Product Type (single trip travel insurance, annual multi-trip travel insurance, and long-stay travel insurance), by Distribution Channel (insurance intermediaries, insurance company, bank, insurance broker, insurance aggregator, and others) and End User (senior citizen, education traveler, backpackers, business traveler, family traveler, fully independent traveler) - Opportunity Analysis and Industry Forecast, 2016-2023

 
  • Category : BFSI
  • Published On : December  2017
  • Pages : 105
 
 

Travel insurance covers the cost incurred due to any problematic incidents while traveling. It includes trip cancellation losses, loss of baggage, medical treatment of patients, and loss of travel documents, evacuation, or deportation during an emergency, and some other unavoidable conditions. In the coming years, the Italy travel insurance market is projected to grow at a significant rate owing to its low penetration rate and growth in tourism industry. According to World Travel & Tourism Council (WTTC), Italy tourism sector will rise by 2.6% in the year 2017, and is expected to contribute around 5.1% of country’s GDP by 2027.

The growth of the travel insurance market is largely attributed to the growth in trend of availing travel insurance as a prerequisite for obtaining Visa to ensure that travelers are adequately covered in case of medical emergencies due to hospitalization in foreign countries and high costs of medical services during travel time.
However, lack of awareness regarding various insurance schemes and benefits of travel insurance are expected to hamper the growth of the Italy travel insurance market. Moreover, relaxed norms and low fluctuation in rates due to large number of competitors have resulted in decline of gross written premium.

The market is segmented based on type of distribution channel, product types, end user, and geography. Based on product type, it is classified into single trip, annual multi-trip, and long stay.

Based on distribution channel, the market is classified into insurance intermediaries, insurance company, bank, insurance broker, insurance aggregators, and others. Based on end user, it is classified into senior citizens, education travelers, backpackers, business travelers, family travelers, and fully independent traveler.
 
Some of the significant players profiled in the report are Allianz global assistance SAS, AXA Group, DARAG Deutsche Versicherungs- und Rückversicherungs-AG, Filo Diretto, Generali Group, Gruppo Cattolica Assicurazioni, MAPFRE S.A., Reale Mutua Assicurazioni, and UnipolSai Assicurazioni S.p.A. All these key players are involved in various strategic developments, such as partnerships, collaborations, mergers & acquisition and others to increase their market penetration in the industry.

KEY BENEFITS FOR STAKEHOLDERS

  • In-depth analysis of the Italy travel insurance industry along with its dynamics is provided to understand the market scenario.
  • Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on prevailing opportunities.
  • Porter’s Five Forces analysis examines the competitive structure of the Italy travel insurance market and provides a clear understanding of the factors that influence the market entry and expansion.
  • Comprehensive analysis of the trends, sub-segments, and key revenue pockets are provided in the report.
  • Detailed analysis of the key players and their business strategies are anticipated to assist stakeholders to take informed business decisions.
  • Profile analysis of leading players that operate in the Italy travel insurance market are provided in the report, which highlight the major developmental strategies such as mergers & acquisitions, expansions, and new product launches adopted by these companies.

KEY MARKET SEGMENTS

By Product Type

  • Single trip travel insurance
  • Annual multi-trip travel insurance
  • Long stay travel insurance

By Distribution Channel

  • Insurance intermediaries
  • Insurance company
  • Bank
  • Insurance broker
  • Insurance aggregator
  • Other

By End-User

  • Senior citizen
  • Education traveler
  • Backpackers
  • Business traveler
  • Family traveler
  • Fully independent traveler

The key players profiled in the report are as follows:

  • UnipolSai Assicurazioni S.p.A
  • Reale Mutua Assicurazioni
  • Gruppo Cattolica Assicurazioni
  • DARAG Deutsche Versicherungs- und Rückversicherungs-AG
  • Generali Group
  • Allianz Group
  • AXA Group
  • Filo Diretto
  • MAPFRE SA

CHAPTER 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. RESEARCH METHODOLOGY

1.3.1. Primary research
1.3.2. Secondary research
1.3.3. Analyst tools and models
1.3.4. Market segmentation

CHAPTER 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top winning strategies
3.2.2. Top investment pockets
3.2.3. Top impacting factors

3.2.3.1. Growth in tourism sector
3.2.3.2. Surge in baby boomers travelers
3.2.3.3. Lack of knowledge and low penetration of insurance policies
3.2.3.4. Technological advancement in the travel insurance industry

3.3. PORTERS FIVE FORCES

3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Competitive rivalry

3.4. MARKET PLAYER POSITIONING
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Growth in tourism sector
3.5.1.2. Stringent travel rules and regulation by government authorities
3.5.1.3. Surge in baby boomers travelers

3.5.2. Restraints

3.5.2.1. Lack of knowledge and low penetration of insurance policies

3.5.3. Opportunities

3.5.3.1. Technological advancement in the travel insurance industry

CHAPTER 4 ITALY TRAVEL INSURANCE MARKET, BY PRODUCT TYPE

4.1. OVERVIEW
4.2. SINGLE TRIP TRAVEL INSURANCE

4.2.1. Key market trends and growth factors
4.2.2. Market size and forecast

4.3. ANNUAL MULTI-TRIP TRAVEL INSURANCE

4.3.1. Key market trends and growth factors
4.3.2. Market size and forecast

4.4. LONG-STAY TRAVEL INSURANCE

4.4.1. Key market trends and growth factors
4.4.2. Market size and forecast

CHAPTER 5 ITALY TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL

5.1. OVERVIEW
5.2. INSURANCE INTERMEDIARIES

5.2.1. Key market trends and growth factors
5.2.2. Market size and forecast

5.3. INSURANCE COMPANY

5.3.1. Key market trends and growth factors
5.3.2. Market size and forecast

5.4. BANK

5.4.1. Key market trends and growth factors
5.4.2. Market size and forecast

5.5. INSURANCE BROKER

5.5.1. Key market trends and growth factors
5.5.2. Market size and forecast

5.6. INSURANCE AGGREGATOR

5.6.1. Key market trends and growth factors
5.6.2. Market size and forecast

5.7. OTHER

5.7.1. Key market trends and growth factors
5.7.2. Market size and forecast

CHAPTER 6 ITALY TRAVEL INSURANCE MARKET, BY END USER

6.1. OVERVIEW
6.2. SENIOR CITIZEN

6.2.1. Key market trends and growth factors
6.2.2. Market size and forecast

6.3. EDUCATION TRAVELER

6.3.1. Key market trends and growth factors
6.3.2. Market size and forecast

6.4. BACKPACKERS

6.4.1. Key market trends and growth factors
6.4.2. Market size and forecast

6.5. BUSINESS TRAVELER

6.5.1. Key market trends and growth factors
6.5.2. Market size and forecast

6.6. FAMILY TRAVELER

6.6.1. Key market trends and growth factors
6.6.2. Market size and forecast

6.7. FULLY INDEPENDENT TRAVELER

6.7.1. Key market trends and growth factors
6.7.2. Market size and forecast

CHAPTER 7 COMPANY PROFILES

7.1. UNIPOLSAI ASSICURAZIONI S.P.A.

7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Business performance
7.1.5. Key strategic moves and developments

7.2. REALE MUTUA ASSICURAZIONI

7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Business performance
7.2.5. Key strategic moves and developments

7.3. GRUPPO CATTOLICA ASSICURAZIONI

7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Business performance
7.3.5. Key strategic moves and developments

7.4. DARAG DEUTSCHE VERSICHERUNGS- UND RCKVERSICHERUNGS-AG

7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Business performance
7.4.5. Key strategic moves and developments

7.5. GENERALI GROUP

7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating segments
7.5.4. Business performance
7.5.5. Key strategic moves & developments

7.6. ALLIANZ GROUP

7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Product portfolio
7.6.4. Business performance
7.6.5. Key strategic moves & developments

7.7. AXA GROUP

7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Business performance
7.7.4. Business performance
7.7.5. Key strategic moves and developments

7.8. FILO DIRETTO (DIRECT WIRE ASSICURAZIONI SPA)

7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Product portfolio
7.8.4. Business performance
7.8.5. Key strategic moves & developments

7.9. MAPFRE S.A.

7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Business performance
7.9.4. Business performance
7.9.5. Key strategic moves and developments

LIST OF TABLES

TABLE 1. ITALY TRAVEL INSURANCE MARKET REVENUE, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 2. ITALY TRAVEL INSURANCE MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 3. ITALY TRAVEL INSURANCE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 4. UNIPOLSAI ASSICURAZIONI S.P.A.: COMPANY SNAPSHOT
TABLE 5. UNIPOLSAI ASSICURAZIONI S.P.A.: OPERATING SEGMENTS
TABLE 6. REALE MUTUA ASSICURAZIONI: COMPANY SNAPSHOT
TABLE 7. REALE MUTUA ASSICURAZIONI: OPERATING SEGMENTS
TABLE 8. GRUPPO CATTOLICA ASSICURAZIONI: COMPANY SNAPSHOT
TABLE 9. GRUPPO CATTOLICA ASSICURAZIONI: OPERATING SEGMENTS
TABLE 10. DARAG AG: COMPANY SNAPSHOT
TABLE 11. DARAG AG: OPERATING SEGMENTS
TABLE 12. GENERALI GROUP- COMPANY SNAPSHOT
TABLE 13. GENERALI GROUP- OPERATING SEGMENTS
TABLE 14. ALLIANZ GROUP: COMPANY SNAPSHOT
TABLE 15. ALLIANZ GROUP- PRODUCT PORTFOLIO
TABLE 16. AXA - COMPANY SNAPSHOT
TABLE 17. AXA - OPERATING SEGMENTS
TABLE 18. FILO DIRETTO - COMPANY SNAPSHOT
TABLE 19. FILO DIRETTO - OPERATING SEGMENTS
TABLE 20. MAPFRE - COMPANY SNAPSHOT
TABLE 21. MAPFRE - OPERATING SEGMENTS

LIST OF FIGURES

FIGURE 1. MARKET SEGMENTATION: ITALY TRAVEL INSURANCE MARKET
FIGURE 2. TOP WINNING STRATEGIES, 2015-2017 (%)
FIGURE 3. TOP WINNING STRATEGIES, 2015-2017
FIGURE 4. TOP INVESTMENT POCKETS
FIGURE 5. TOP IMPACTING FACTORS
FIGURE 6. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 7. LOW BARGAINING POWER OF BUYERS
FIGURE 8. HIGH THREAT OF SUBSTITUTES
FIGURE 9. MODERATE THREAT OF NEW ENTRANTS
FIGURE 10. HIGH COMPETITIVE RIVALRY
FIGURE 11. MARKET PLAYER POSITIONING, 2016
FIGURE 12. DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 13. ITALY TRAVEL INSURANCE MARKET, BY PRODUCT TYPE
FIGURE 14. ITALY TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
FIGURE 15. ITALY TRAVEL INSURANCE MARKET, BY END USER
FIGURE 16. UNIPOLSAI ASSICURAZIONI S.P.A.: NET SALES, 2014-2016 ($MILLION)
FIGURE 17. UNIPOLSAI ASSICURAZIONI S.P.A.: REVENUE SHARE BY BUSINESS SEGMENT, 2016 (%)
FIGURE 18. REALE MUTUA ASSICURAZIONI: NET SALES, 2014-2016 ($MILLION)
FIGURE 19. REALE MUTUA ASSICURAZIONI: REVENUE SHARE BY BUSINESS SEGMENT, 2016 (%)
FIGURE 20. GRUPPO CATTOLICA ASSICURAZIONI: NET SALES, 2013-2016 ($MILLION)
FIGURE 21. GRUPPO CATTOLICA ASSICURAZIONI: REVENUE SHARE BY BUSINESS SEGMENT, 2016 (%)
FIGURE 22. DARAG AG: NET SALES, 2014-2016 ($MILLION)
FIGURE 23. GENERALI GROUP: REVENUE, 2014-2016 ($MILLION)
FIGURE 24. ALLIANZ GROUP: REVENUE 2014-2016($ MILLION)
FIGURE 25. ALLIANZ GROUP: BUSINESS SEGMENTS, 2016(%)
FIGURE 26. AXA: REVENUE, 2014-2016($MILLION)
FIGURE 27. AXA: REVENUE, BY BUSINESS SEGMENT, 2016 (%)
FIGURE 28. MAPFRE: REVENUE, 2014-2016 ($MILLION)
FIGURE 29. MAPFRE: REVENUE, BY GEOGRAPHICAL SEGMENT, 2016(%)