Canadian Millennials Most Likely To Travel Uninsured

Millennials (aged 18-34) are the travelers most likely to need travel insurance -- and also the least likely to have it.

In a report produced by The Conference Board of Canada, in partnership with Allianz Global Assistance, 15.8% of those travelers felt insurance isn't necessary, while 15.3% thought it was too expensive, and 14.9% felt their trip was too short to warrant getting insurance.

Allianz said these results reflect similar trends with internal claims data reviewed by Allianz which shows that from 2014 to 2016, people under the age of 30 made nearly 32% of all claims submitted, the highest demographic bracket, while buying only 21% of all Allianz policies.

"Millennials and other young Canadians make up the majority of Destination Canada's 'Free Spirits' category “travelers looking for adventure and more 'authentic' experiences," Allianz said in a press statement. "But the off-the-beaten-path travel experiences can also result in increased risks regardless of age."

  0
  0
Tip of the Day
Daily Top List

Offline Places to Find Luxury Travelers

1. Local schools.

2. Professional services.

3. Local luxury retailers.

4. Arts community.

5. Luxury establishments.

Source: TMR

TMR Recommendations
Top Stories
Shared Economy Services May Be Losing Their Popularity
Shared Economy Services May Be Losing Their Popularity

After three years of growing popularity, services like Airbnb and Uber may have reached a plateau in their likeliness to be booked by travelers.

Could Trade War Lead to Fewer Canadians Vacationing in U.S.?
Could Trade War Lead to Fewer Canadians Vacationing in U.S.?

In the press and on social media, Canadians are considering boycotting leisure travel to the U.S. in response to tariffs being imposed on Canadian products.

Specializing in Asia Could Be Lucrative for Your Travel Agency
Specializing in Asia Could Be Lucrative for Your Travel Agency

Travel industry experts believe Canadian agents can build a strong niche business focusing on Asia as a destination.

Increased Education and Certification Could Increase Travel Agent Sales
Increased Education and Certification Could Increase Travel Agent Sales

Agents with higher sales revenues have taken the time for and made an investment in advanced training, educational institute says.

Travel Insurance May Not Cover High-Altitude Treks to Kilimanjaro, Everest
Travel Insurance May Not Cover High-Altitude Treks to Kilimanjaro, Everest

That travel insurance company your client loves so much may not cover their hike to Machu Picchu and other high-altitude treks.

Travel Agents Don’t Have to Go it Alone in a Crisis
Travel Agents Don’t Have to Go it Alone in a Crisis

Medical and emergency experts reminded travel advisors attending Travel MarketPlace East that there are numerous resources available to help their traveling clients if a crisis arises.

News Briefs
TMR Report Cards
Advertiser's Voice
Advertiser's Voice: Norwegian Cruise Line