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 (%)
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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
|PCW, Insurer, Bank, Broker, Affinity, Travel Agent, Flight Operator, and Cruise Operator
|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
|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.
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