Articles

When pursuing insurance sales as a licensed agent or travel retailer, there are a variety of insurance policies and plan types for many different verticals, including automotive, life, health, and more. However, a commonly overlooked insurance sector that is currently booming and has the potential to increase your revenue is travel insurance.

Becoming a travel advisor can be a fulfilling and dynamic career. It gives you the opportunity to shape, enhance, and ensure the success of your client’s travels through expert travel advice and valuable destination insights.

Most people have dreamed of traveling somewhere, even if it’s to just ‘get away’ from it all. Bucket lists include far away destinations as well as tropical beaches and attempting the climbing of Mt. Everest. The truth is, people have and will always yearn for some type of adventure that includes travel. If you’re in the travel industry, it may be time to look into ways to help others with their dreams as well as adding to your monthly sales goals by selling travel insurance.

Due to increasing travel both internationally and domestically, and the opportunity to earn significant sales percentages on each plan sold, travel insurance can be exciting and lucrative additions to an insurance professional’s portfolio. But what exactly is travel insurance, and why is it an essential for today’s travelers?

For many, traveling internationally is a huge goal and a large investment, it only stands to reason that travelers want to protect those investments. This opens up an exciting opportunity for those in the insurance business—travel insurance.

In today’s digital marketplace, people from all around the globe are able to access just about every service imaginable. So what if you could use a digital site to sell to people all over the world?

As more people travel each year, the number of travel insurance policy sales also increases as travelers want to have security and peace of mind while on a trip. International tourist arrivals are predicted to reach back to 80% to 95% of pre-pandemic levels. With this comes an opportunity to cater to these travelers, helping them to protect themselves from the dangers inherent in traveling far from home.

Most mainstream insurances, such as auto, life and home insurance, require a lot of time, paperwork and frustration to complete just one plan. With travel insurance, many of the common requirements are not necessary. Selling travel insurance can be quick and easy with low effort and high reward.

The travel insurance industry is a multi-billion dollar a year market and continues to grow each year. With an increase in travel across the world and the steady rise of the travel insurance market, selling travel insurance is a no-brainer for agents, brokers, and retailers who are looking to expand their portfolio and increase revenue.