Business View Caribbean | January 2021

13 BUSINESS VIEW CARIBBEAN JANUARY 2021 InsureMyTrip predicts pent up demand for travel may trigger more international bookings, once pandemic wanes L ast year, millions of Americans had to put travel plans on hold due to the pandemic. While travel bans and restrictions continue to remain in place, there are signs of growing optimism for an eventual travel rebound. During the week of Jan. 12, InsureMyTrip reports a slight uptick in travel insurance purchases for trips abroad. Those international trips are scheduled to be taken later this year. Summary: • Travelers more likely to visit close-to-home international destinations like Mexico and the Caribbean • Higher demand for destinations with warmer climates • Slight increase in travel insurance plans sold for farther away destinations like Italy, Aruba, and United Kingdom • Travelers more apt to consider travel insurance for COVID-19 related travel concerns “For those who decide to travel this year, travel insurance remains top of mind. Travelers are more informed than ever about the value of emergency medical coverage and other key benefits designed to better protect families during the pandemic,” says InsureMyTrip Director of eCommerce Cheryl Golden. OPENING L INES 2021 TRAVELERS BUYING TRAVEL INSURANCE FOR MEXICO, THE CARIBBEAN 2021 Travel Insurance Demand For International Destinations Travel insurance demand is highest for close- to-home international destinations, like Mexico and the Caribbean. Based on InsureMyTrip data, here is the list of top destinations, based on the number of policies sold. Mexico Caribbean Bahamas Italy Canada United Kingdom