Travel insurance is becoming increasingly popular

In the ERV state that in the first half of this year, the number of tourists who insured their holidays increased by 80% (compared to the same period last year). The amount of collected insurance premiums has almost doubled. The increase in insured tourists over the past year is also noted in Etalon IC - last year’s growth rate compared to 2017 was 45%, the upward trend continues in the current year. The growing popularity of travel insurance, in particular, against non-departure, is also confirmed by IC Ukrfinstrakh.
The head of the board of IC European Travel Insurance, Miroslav Boychin, adds: according to his company, the growth in the number of issued insurance is observed both on package tours and on independent tourists who buy air tickets themselves. “This is a global trend, but growth in Ukraine is noticeably more active: this is due to the fact that this service is gaining popularity in our country. And this is facilitated by the events taking place on the market - in particular, the visa-free regime in the EU, which stimulates the flow of tourists to Europe,” said the source.
The head of the personal insurance department of IC Etalon, Yaroslav Yuzva, draws attention to the fact that insurance companies are beginning to introduce additional services that are not included in standard tour packages. For example, insurance against flight delays, against non-departure, etc. And this also affects the demand for expanded insurance packages and additional options. “The growth of tourist traffic predictably causes an increase in the number of insurance claims, and tourists are beginning to become more conscious - they understand that it is better to foresee the risks in advance,” he says. The interlocutors see another reason for the growing demand for travel insurance in that they themselves are actively promoting their services in all possible ways - improving services, paying attention to advertising, as well as developing online channels that allow you to get information and get insurance through messengers and mobile applications .