Finaccord’s report titled Travel Insurance and Assistance in Indonesia is about the current status and likely future development of the market for stand-alone travel insurance policies in Indonesia. It includes the following unique features:
data spanning 2014 to 2018 for the underlying travel market with a segmentation 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 Indonesia between 2014 and 2018 in terms of premiums and policies, with a segmentation not only between single-trip and annual cover but also between holiday and business / corporate 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 160 actual and potential distributors of stand-alone travel policies including airlines, banks, cruise operators, insurance brands and non-bank finance providers, plus both traditional and online travel trade entities;
a review of other direct and affinity distribution channels used in Indonesia including automotive clubs, direct sales, online aggregators, other online brands and retailers, plus cover packaged with payment cards and bank accounts;
estimates for the market share of travel insurance and assistance gross premiums for the top eight underwriters of this type of cover in Indonesia in 2018 with these data points expressed as a percentage range (e.g. 5.0% to 7.5%);
forecasts to 2022 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 segmentation as that specified above for the period from 2014 to 2018.
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Finaccord is a market research, publishing and consulting company specialising in insurance and other financial services. Finaccord is part of Aon Global Operations SE Singapore Branch.