AXA Partners’ Post

Our Global Head of Product Management and Innovation for Travel, Joe Mason, recently caught up Terry Gangcuangco from Insurance Business New Zealand, and discussed traveller expectations and behaviours. “There’s a term that I like to use called ‘travel tension’,” Joe told Insurance Business. “Travel tension is what we all face when we plan, research, book, and go on trips and enjoy the travel itself. ‘Am I going to the right destination? Am I choosing the right airline? Am I going at a time when the dollar or the euro is going to be strong or weak? What’s the weather like? What are the people like?’ “There’s a lot of uncertainty even for avid travellers. There’s a lot of unknowns that create this tension. And the more companies – whether it’s Allianz or an OTA (online travel agency) or an airline or a travel agent – can reduce that travel tension, the more confident people are with travel," says Joe. A fascinating must-read. https://lnkd.in/gdBuKGvG #travel #travelinsurance #allianz #allianzpartners #research

🇫🇷 The French market has been exceptionally vibrant. We’re thrilled to announce five major new contracts for our GPT-developed product, spanning three in the travel sector and two in insurance 🚀 Our success is largely attributed to the seamless alignment of our product with the specific needs of the French market, along with Olivier Roche's extensive network in the travel industry. This strategic advantage provides us with crucial visibility in a highly competitive industry. Our new clients: ✈ Air Caraïbes: A French airline specialising in connections between metropolitan France and the Caribbean, including Guadeloupe and Martinique. It also offers flights to other international destinations. 🌎 FrenchBee: A low-cost French airline that provides long-haul flights between France and various international destinations, including the United States and Pacific islands. 🏖 Voyage Privé: An online travel agency specialising in private sales of high-end travel at discounted prices. It offers exclusive stays, flights, and luxury packages exclusively to its members. 🛡 Assurever: A travel insurance broker specialising in insurance solutions for tourism professionals and individuals. The company offers various insurance products to cover incidents during travel. 🔒 Marsh: A global leader in insurance brokerage and risk management, offering advisory services and solutions for businesses and individuals in various sectors and regions of the world. #FCBai #AI #Insurance #Travel #Innovation #FrenchMarket #NewContracts

Recently I had a chat with Insurance Business Magazine about Travel Insurance trends. The post-COVID environment has been full of challenges for travel insurance in Australia and New Zealand.  The pace of the travel rebound in the new normal of unrestricted travel; inflationary, foreign exchange and other macroeconomic uncertainty; global political instability; labour-market shortages; etc. This article focuses on the impact of rising medical costs on the industry and how Cover-More manages the same.   #travelinsurance #covermore #worldtravelprotection #travelling

𝐓𝐫𝐚𝐯𝐞𝐥 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐧𝐠 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝑮𝒆𝒕 𝒂 𝒇𝒓𝒆𝒆 𝒔𝒂𝒎𝒑𝒍𝒆 𝑷𝑫𝑭 𝒓𝒆𝒑𝒐𝒓𝒕: https://lnkd.in/g22YKFfR The rapid expansion of the global tourism sector is fueled by extensive media coverage of diverse tourist destinations, increased disposable income in developed nations, and the convenience of booking accommodations, flights, and hotels online. These factors are propelling the growth of the travel insurance market. However, stringent government regulations related to visa policies and the global outbreak of highly infectious diseases such as monkeypox are the factors restraining the travel insurance market growth during the forecast period. 𝐆𝐞𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: ·      Europe holds the lion’s share of the travel insurance market, and is expected to continue its dominance during the forecast period. ·      North America is expected to show a steady rise in the market due to rapidly increasing adaption of corporate travel insurance in this region. Different companies within the global travel insurance industry, such as Allianz - Agenzia Milano Pagano , Agenzia Hub -Zurich Insurance Group, American Express, American International Group., AXA Partners, Berkshire Hathaway Specialty Insurance, Seven Corners, Inc., USI Insurance Services, Travel Insured International, and GENERALI GROUP LTD, are actively engaged in launching new products and pursuing acquisitions across different regions to uphold their leadership positions in the travel insurance market. 𝐀𝐜𝐜𝐞𝐬𝐬 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭: https://lnkd.in/gthfTfWf #marketinsights #markettrends #marketgrowth #globalinsights #globaltrends #marketstartegy

Business travel is back, and it's transforming! Solution Underwriting Agency Pty Ltd's Emily Dickens and Clinton Hall share insights on new trends reshaping insurance needs. From 'bleisure' travel to increased awareness of travel insurance, discover how corporate travel is evolving in the post-COVID era. Read more about these shifts and what they mean for your business travel policies. https://hubs.la/Q02xJgnR0 #CorporateTravel #InsuranceTrends #TravelInsurance #BleisureTravel

TRAVEL INSURANCE AXA contributes to the expansion of the travel insurance sector amidst the influx of international tourists to Thailand. Find out more about the insurance plan here: https://lnkd.in/gihdY8Ct #AXA #SawasdeeThailand #travelinsurance

Travel Smarter with Insurance! As overseas travel resumes in Hong Kong after the COVID-19 pandemic, the aviation industry is facing challenges in meeting the increased demand.   A recent survey revealed that nearly two-thirds of respondents (62%) experienced disruptions due to flight cancellations or delays! Most respondents now prioritize pre-arranging travel insurance to protect against travel disruptions. Over 70% expressed satisfaction and were pleased with their travel insurance provider's handling of claims, leading them to choose the same insurer again.   Travel insurance can also cover unforeseen emergencies, overseas medical costs, pre-trip crises, or personal accidents, which is the best way to protect the travelers from potential disruptions! #hkfi #travelinsurance #riskmitigation

A few years ago, a colleague of mine embarked on a business trip to Singapore. Everything was going smoothly until his laptop, containing vital presentations and documents, was stolen from his hotel room. He was in a panic, knowing the significant impact this could have on his work. Fortunately, he had included travel insurance in his plans. The insurance not only covered the cost of replacing his laptop but also assisted in recovering his data. This allowed him to continue his business engagements without major disruptions. This incident underscored the importance of being prepared for unexpected events during travel. Travel insurance isn’t just a safety net for leisure trips; it’s crucial for business travel as well. It protects you from unforeseen expenses and ensures continuity in your professional commitments. Investing in travel insurance means you can focus on your goals, knowing that you’re covered. #TravelSmart #TravelPalTips #TravelInsurance #BusinessTravel #CorporateTravelSafety #SafeTravels

Exploring the Booming Travel Insurance Market: Projected to Reach $21 Billion by 2029! Get Info : https://shorturl.at/AZ49G Market Overview: ✈️ Post-Pandemic Surge: The demand for travel insurance is skyrocketing as tourism rebounds post-COVID-19. Vendors are now offering comprehensive coverage, including COVID-19-related expenses, addressing the new travel norms and uncertainties. Key Drivers: 🌍 Rising Tourism: Increased disposable incomes, convenient online bookings, and extensive media coverage are propelling tourism and, consequently, the travel insurance market. Consumers are seeking protection against risks like flight cancellations, luggage loss, and medical emergencies. 📈 Technological Advancements: The growth of online comparison-shopping sites, direct airline sites, and OTAs are making it easier for consumers to purchase travel insurance, boosting market growth. Leading Players: American International Group, Inc., Allianz Group, Zurich, Seven Corners Inc., Travelex Insurance Services Inc., and more. Explore the full market report to understand the comprehensive dynamics, trends, and opportunities shaping the future of travel insurance. #TravelInsurance #Tourism #DigitalTransformation #MarketGrowth #InsuranceIndustry #TravelSafety #GlobalMarketTrends