Wow, the
holiday insurance market is getting as crowded as a Cannes beach in summer so where's the hottest destinations and who's hot in insurance?
Which countries are the hottest destinations? France is way up there with Italy, the US, Spain and the UK though in recent years China has made major headway over the UK. Thailand has re-emerged as a major holiday destination with great value and some seriously beautiful, still uncrowded, beaches.
For isolationists, hot spots include South America, Antarctica and Easter Island, with outer space looming as a coming attraction.
Every country has its most popular get-away destinations e.g. the Swedes reportedly cite almost every country that's warm such as Australia, Spain, Egypt, India and Thailand. It seems we Aussie's are still hot for the South East Asian regions, New Zealand, the UK and Europe, especially the eastern Mediterranean regions, with the rest of the world a close second.
Nothing ever stays the same. For instance, once the backpacker market was flooded with alternative' travellers on ultra tight budgets. These days you're just as likely to share a bunk with a professional with multiple degrees and a corner office.
So what's new and who's hot in travel insurance? Critical changes are choice and technology.
Thanks to the number of companies finally grasping the benefits of the Internet, cheap travel insurance options are way easier to find.
Travel insurance companies who operate wholly and solely online, such as Aussie companies, 1 Cover and iTrek, provide some of the most comprehensive, cheapest, holiday insurance because they just don't have the same overheads of the street front' companies.
Range of options to choose from is the other biggy. Gone are the days of zero options. Competition in the industry has meant insurance companies digging deep to locate long ignored options that suit the traveller not the company.
iTrek say, because they're comparatively new into the market, and because their focus is on the 18 to 20 something's, that options on annual, multi trip and single trip holiday insurance were always their high priority. Also, given their service market, they supply from medical only cheap holiday insurance through two intermediate levels to high-value top level cover.
For price and convenience this has got to make iTrek one of the hottest holiday insurance companies on the local market, but hop on and use a little IT to sus out your own hot locations and deals.
