Canada Creditor and Travel Insurance Market Report
Everything you need to make the right decisions
Providing the most comprehensive and up-to-date information and analysis of the Creditor and Travel Insurance market, and the behaviours, preferences and habits of the consumer.
Mintel has the answers you’re looking for
What are the key challenges facing the industry and how fast are its rates of growth? Who is the consumer and what do they want? Where are the opportunities, where are the risks and what lies ahead?
Covered in this Report
This Report covers consumer attitudes and behaviour related to travel and creditor insurance. It explores ownership, purchase intention, methods of distribution, willingness to buy insurance online, openness to new technology and general attitudes about travel and creditor insurance.
What you Need to Know
A number of emerging technologies and processes are having a massive impact on insurers: the refinement and availability of advanced analytics, artificial intelligence and machine learning, drones, telematics, usage-based insurance, etc.
This Report examines two diverse products: travel and creditor insurance. Creditor’s insurance (which pays off a debt obligation in the event of death, disability) is a profitable product for financial institutions. By making a sale of creditor insurance, the lender obtains additional protection which gives lenders a strong incentive to selling this product, beyond the fees collected from the insurance sale. The paucity of consumer research on this product makes it even more interesting to explore.
With international and domestic travel experiencing strong growth, the travel insurance industry is poised for future rapid growth. Along with technological advancements, insurance companies are leveraging multiple distribution channels to suit customer preferences including traditional channels such as brokers and agents, through affinity programs with member associations, retail outlets, travel agencies and direct digital sales.
Expert analysis from a specialist in the field
Written by Sanjay Sharma , a leading analyst in the Financial Services sector, his extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
The combination of an aging population, a boom in international travel and soaring health care costs are a confluence of factors that will strongly drive travel insurance sales in Canada.
Senior Financial Services Analyst
What you get
This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.
Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.
Mintel's proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.
Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.
Market reports provide appendices of data to support the research and insight produced. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
* This is a sample representation of the report layout and does not reflect the research included in this report.
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