United Kingdom (UK) Travel Insurance Distribution Dynamics and Future Market, 2022 Update
All the vital news, analysis, and commentary curated by our industry experts.
UK Travel Insurance Market Overview
The UK travel insurance market research report explores consumer purchasing behaviors and preferences for travel insurance. The report also highlights new trends and innovations, as well as the key factors that will influence the market over the next few years.
UK Travel Insurance Market Segmentation by Channels
Some of the key channels in the UK travel insurance market are price comparison websites (PCWs), insurer, bank, broker, affinity, travel agent, flight operator, and cruise operator. In 2022, most of the travel insurance purchases were through PCWs. This growth can be attributed to price sensitivity among consumers. The rising inflation has strained household budgets and created a cost-of-living crisis. For this purpose, some individuals might decide to take on the risk of traveling without insurance in order to cut costs (or avoid such trips altogether). Consumers who do take out cover will be more likely to prioritize price.
UK Travel Insurance Market Analysis, by Channels, 2022 (%)
For more channel insights into the UK travel insurance market, download a free report sample
UK Travel Insurance Market Segmentation by Methods
The key methods used for purchasing insurance policies in the UK travel insurance market are online via a PC/laptop, online via a smartphone/tablet, phone, face to face, kiosk at airport, by post, and through the provider’s app, among others. Digital methods, which comprises of PC/laptops, smartphones/tablets, and providers’ apps, together accounted for travel insurance purchases in 2022. Purchases through PC/laptop were the most preferred method in the UK travel insurance market in 2022. The trend towards digitalization has been accelerated by the COVID-19 pandemic.
UK Travel Insurance Market Analysis, by Methods, 2022 (%)
For more method insights into the UK travel insurance market, download a free report sample
UK Travel Insurance Market – Competitive Landscape
The leading providers in the UK travel insurance market are Admiral, Staysure, Nationwide, Post Office, Aviva, Lloyds Bank, InsureandGo, Barclays, Coverwise, and AXA. In 2022, Admiral led the UK travel insurance market.
UK Travel Insurance Market Analysis by Providers, 2022 (%)
To know more about the leading providers in the UK travel insurance market, download a free report sample
United Kingdom (UK) Travel Insurance Market Report Overview
|Key Channels||PCW, Insurer, Bank, Broker, Affinity, Travel Agent, Flight Operator, and Cruise Operator|
|Key Methods||Online Via a PC/Laptop, Online Via a Smartphone/Tablet, Phone, Face to Face, Kiosk at Airport, By Post, and Through the Provider’s App|
|Leading Providers||Admiral, Staysure, Nationwide, Post Office, Aviva, Lloyds Bank, InsureandGo, Barclays, Coverwise, and AXA|
Segments Covered in the Report
UK Travel Insurance Channels Outlook (Value, GBP Billion, 2020-2022)
- Travel Agent
- Flight Operator
- Cruise Operator
UK Travel Insurance Methods Outlook (Value, GBP Billion, 2020-2022)
- Online Via a PC/Laptop
- Online Via a Smartphone/Tablet
- Face to Face
- Kiosk at Airport
- By Post
- Through the Provider’s App
Reasons to Buy
- Understand consumer purchasing decisions and how they influence the travel insurance market.
- Improve customer engagement by recognizing what is most important to them and how to adapt products and services to meet their needs.
- Compare the Net Promoter Scores of key travel insurance providers.
- Discover which providers lead the way in the travel insurance space and learn about new product innovations.
- Adapt your distribution strategy to ensure it still meets customer purchasing behaviors.
Direct Travel Insurance
Go Travel Insurance
Bank of Scotland
Table of Contents
The Purchasing Journey
Providers and Switching
Frequently asked questions
Which was the leading channel in the UK travel insurance market in 2022?
In 2022, PCW was the leading channel in the UK travel insurance market.
Which was the leading method used for purchasing insurance policies in the UK travel insurance market in 2022?
In 2022, Purchases through PC/laptop was the leading method used for purchasing insurance policies in the UK travel insurance market.
Who are the major players operating in the UK travel insurance market?
In 2022, the major players operating in the UK travel insurance market were Admiral, Staysure, Nationwide, Post Office, Aviva, Lloyds Bank, InsureandGo, Barclays, Coverwise, and AXA.
Which company held the highest UK travel insurance market share?
In 2022, Admiral held the highest share in the UK travel insurance market.
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.
Business Intelligence & Marketing Manager, SAL Heavy Lift
“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.
GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”
Market Analyst & Management, Liebherr-Werk
“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”
Head of Key Accounts, Saab AB
Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.
Marketing Intelligence Manager, Portugal Foods
Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.
Head of Customer Insight and Research, Standard Chartered
Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.
I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.
I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.
Head of Consumer Sensory Insights, Givaudan
“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.
Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”
Senior Account Manager, TSYS
GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise. The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.
I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.
One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.