Travel Insurance: Statistically Speaking
That I have been professionally involved in the travel insurance industry and basically lived and breathed statistics for much of my life was partly because of Frank Milne, my mathematics teachers who has been missing in action for five decades. Our paths recently crossed, bringing back a flood of good old memories. The encounter made me realize that my journey in the industry has been fun thus far. My gratitude, Frank Milne!
Medipac Travel Insurance has a host of senior people who similarly require more statistics and market information. To cater to our clients' needs and get the job done, Medipac designed its own computer programs. We have noteworthy employees constantly looking after and upgrading our systems to keep abreast with the latest technology and continuously deliver top-of-the-line services. Every aspect of the travel insurance business is accounted for and some of them you might find of interest.
Speaking of statistics, recent reports show that Canadians made fewer outbound pleasure trips for the first three quarters. Outbound pleasure trips to the U.S. have dropped for a bit while pleasure trips to other destinations besides the U.S. have increased by a small margin. In the last few years, U.S. pleasure trips were up between 11 and 12 percent while pleasure trips to other destinations increased by as much as 10 percent.
The implication of this data? Apparently, many still have reservations about financial and real estate markets marked by huge losses. Despite the slightly gloomy outlook, Medipac statistics remain optimistic.
Medipac travel insurance policies have increased over the last few years. Many of our clients, including those who successfully applied for the Early Bird program, travel just right after the New Year. If you think “it does not follow,” then you might want to know that other factors also come to play such as growing consumer confidence in the snowbird market.
Wherever you look, statistics prove that indeed Medipac is performing well. From annual add-ons and online enrolments to the number of phone calls we receive regularly since the travel season kicked off, the demand for travel medical insurance and the number of teachers patronizing our travel insurance programs, all stats are moving upward. As the travel season evolves, we expect this positive trend to continue. This only means one thing: the presence of a healthy Canadian snowbird community. Hopefully, American snowbirds would start joining us as well.