Popular travel destinations are very unprofitable for the insurance companies

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Egypt and Turkey became the leaders in number of insured events. Such conclusions can be made by ROSNO statistics of the first six months of 2010.

According to ROSNO Insurance Company, Egypt (5052 cases), Turkey (3378 cases) and Thailand (455 cases) became the leaders in number if insured events. In addition, Spain and India were included into the “black list” of the insurers. “Our statistics shows the leading positions of the most popular destinations: Turkey, Bulgaria and Egypt. The second place takes European countries: Croatia, Spain, Italy and France”, agreed Elena Skuratova, Renaissance Insurance Company.

At the same time, according to ROSNO press service, there is a tendency now, that the tourists buy insurance policies by themselves. “In July and at the beginning of August due to the abnormal heat and smog, the number of individuals increased”, said Svetlana Shvab, ROSNO.

It’s interesting to note, that a certain disloyalty of the most popular travel destinations due to the bad safety situation leads to the fact that some of the insurance companies try to limit their work with such countries. “We work with very selective approach. The probability of the loss is rather high, as Turkey and Egypt are not reliable in safety questions” said Boris Ivontyev, VSK Insurance. source: www.atorus.ru

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Author: Vassilis

Vassilis is the founder and Executive Editor of XeniosWorld, Greece's leading English-language travel trade media since 1997. With 30+ years in media and hospitality, he's worked with over 200 luxury hotels and resorts across Greece. A marketing graduate with postgraduate studies, Vasileios specializes in hotel digital marketing, direct booking strategies, and tourism industry innovation. His insights reach 45,000+ hospitality professionals globally. Based in the UK and Greece, he's passionate about helping hotels leverage technology and data-driven strategies to increase revenue and reduce OTA dependency.