Squaremouth Names Top Travel Insurance Providers for 2010

Published by February 23, 2011

ST PETE BEACH, FL  February 24, 2011 –  Squaremouth names Travelex and Travel Insured International as top travel insurance providers for 2010, based on number of policies sold and premium volume sold. Travelex ranked first in number of policies sold, while Travel Insured ranked first in premium volume sold. “These two providers are sharing the number one spot again this year; however, 2011 is shaping up to be very different,” says Chris Harvey, CEO of Squaremouth.com, America’s fasting growing comparison website for travel insurance.

Squaremouth offers its customers a snap shot of the travel insurance industry. Travelers are able to compare policies from multiple companies and choose which policy is best. Since customers are able to evaluate the strengths and weaknesses of a policy before a purchase, they will receive better policies for less money. “We have grown 10-fold in the last five years, and we still see consistency in sales distribution,” says Harvey. “Our top five providers have remained fairly constant.”

Travel Insured experienced the most significant increase last year, largely resulting from policy changes on April 28, 2010.  “We may see Travel Insured at number one for both categories in 2011,” says Harvey. After reviewing their pricing models, Travel Insured rearranged their age brackets and pricing structure to be more competitive. Since the changes have been made, Travel Insured has experienced substantial growth. They are now leading by eight percent in both categories for 2011.

Squaremouth has provided an overview of travel insurance market trends for 2010. The data provided cover sales statistics for many of the 23 travel insurance carriers that are available through Squaremouth.

Best performing providers during 2010 for number of policies sold
1 – Travelex
2 – Travel Insured
3 – CSA
4 – Travel Guard
5 – Seven Corners

Best performing providers during 2010 for premium volume sold

1 – Travel Insured
2 – Travelex
3 – Travel Guard
4 – CSA
5 – Seven Corners

Best performing providers during 2010 for travelers 60 and over
1 – Travel Insured
2 –  CSA
3 – Travel Guard
4 – Travelex
5 – Seven Corners

Best performing providers during 2010 for travelers 59 and under
1 – Travelex
2 – Travel Insured
3 – Travel Guard
4 – CSA
5 – Seven Corners

About Squaremouth
Squaremouth is America’s fastest growing travel insurance comparison site, helping customers instantly quote, compare and buy policies from every major carrier. Squaremouth has web sites in the US and UK, and an extensive network of partner sites worldwide. The company is headquartered in St Pete Beach, FL., with offices in Fort Wayne, IN. Visit Squaremouth.com or Squaremouth.co.uk.

About our Zero Complaint Guarantee
The cornerstone of our commitment to customers is Squaremouth’s guarantee to remove any company from our website if there is a customer complaint that cannot be resolved to our satisfaction. Squaremouth offers the broadest selection of insurance with an emphasis on quality and follow-up care in companies featured. We also factor in independent evaluation from the insurance industry watchdog AM Best.

Squaremouth offers products from the following travel insurance carriers:
Air Ambulance CardCSA, Global Alert Admin, Global Rescue, Global Underwriters, HCC, HTH Worldwide, IMGITravelInsured, Medex, Medjet Assist, MH Ross, On Call International, Seven Corners, Travel Guard, Travel Insurance Services, Travel Insured, Travelers Liberty, Travelex, TravelSafe and USA Assist.

AVAILABLE TOPIC EXPERT:
Chris Harvey
charvey@squaremouth.com
Toll-free (800) 240-0369
Direct (727) 490-5802
U.S. travel insurance – http://www.squaremouth.com
U.K. travel insurance – http://www.squaremouth.co.uk
International Medical Insurance – http://www.squaremouth.com/international-medical-insurance