Arch RoamRight has published the Travel Insurance Playbook for 2021, a guide created to provide insights into travel insurance trends and help travel professionals optimize their travel insurance sales strategies.
The Travel Insurance Playbook includes proprietary data on travel insurance and its buyers, as well as general travel statistics, including a look at how the COVID-19 pandemic affected travel in the past year. Travel advisors can also learn about travel trends, including popular destinations for trips booked in 2021 and the average amount travelers spend on domestic and international trips.
“Our Travel Insurance Playbook is a valuable source of information for our industry,” said Tim Dodge, Vice President of Travel and Accident Marketing at Arch Insurance. “The travel advisor and tour operator communities have been invaluable to us in becoming the brand we are today, and we hope this playbook can help them provide even more value to their clients, particularly as the world of travel reopens.”
With the Travel Insurance Playbook, travel advisors and tour operators can gain an understanding of the travel insurance buyer journey and personas, including demographics and purchase habits. The playbook also provides statistics and case studies that can help travel advisors and tour operators educate clients on the importance and value proposition of travel insurance.
Last year, the inaugural edition of the Travel Insurance Playbook won multiple awards and recognitions, including a gold Travel Weekly Magellan Award, as well as platinum honors from the Hermes Creative Awards and DotCOMM Awards.
To receive a digital download or to request a printed copy of the Travel Insurance Playbook, visit www.RoamRight.com/playbook.
About Arch RoamRight
Arch RoamRight (www.RoamRight.com) is the co-branding of Arch and RoamRight® marks used by Arch Insurance Company to market its travel insurance that insures U.S. residents traveling around the world. From trip cancellation to travel medical insurance plans and an award-winning mobile app and website, Arch RoamRightTM is an industry leader in innovation and technological solutions. In 2020, Arch RoamRight won multiple Travel Weekly Magellan Awards, and was named a Best Places to Work by Business Intelligence Group. Arch RoamRight also won the bronze Stevie Award® for Customer Service Department of the Year in the American Business Awards®.
Cautionary Note Regarding Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. This release or any other written or oral statements made by or on behalf of Arch Capital Group Ltd. and its subsidiaries may include forward-looking statements, which reflect our current views with respect to future events and financial performance. All statements, other than statements of historical fact, included in or incorporated by reference in this release are forward-looking statements.
Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe” or “continue” or their negative or variations or similar terminology. Forward-looking statements involve our current assessment of risks and uncertainties. Actual events and results may differ materially from those expressed or implied in these statements. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements includes the following: adverse general economic and market conditions; increased competition; pricing and policy term trends; fluctuations in the actions of rating agencies and the Company’s ability to maintain and improve its ratings; investment performance; the loss of key personnel; the adequacy of the Company’s loss reserves, severity and/or frequency of losses, greater than expected loss ratios and adverse development on claim and/or claim expense liabilities; greater frequency or severity of unpredictable natural and man-made catastrophic events, including pandemics such as COVID-19; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere; the Company’s ability to successfully integrate, establish and maintain operating procedures as well as consummate acquisitions and integrate the businesses the Company has acquired or may acquire into the existing operations; changes in accounting principles or policies; material differences between actual and expected assessments for guaranty funds and mandatory pooling arrangements; availability and cost to the Company of reinsurance to manage the Company’s gross and net exposures; the failure of others to meet their obligations to the Company; changes in the method for determining the London Inter-bank Offered Rate (“LIBOR”) and the potential replacement of LIBOR and other factors identified in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”).
The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included herein or elsewhere. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Vice President – Marketing
Arch Insurance Company