GEGI Sees Significant Growth in Travel Insurance Business

Surge in Travel Demand Following Government Discounts

PT Great Eastern General Insurance Indonesia (GEGI) has experienced a remarkable 625% increase in travel insurance revenue, reaching Rp41.3 billion. According to Linggawati Tok, Marketing Director of GEGI, this surge is directly attributed to the government's recent ticket discount stimulus, which has revitalized the travel industry.

Rising Demand for Travel Protection

The increased travel activity is expected to drive higher demand for travel insurance products. Tok highlighted that travelers are seeking protection against various risks associated with travel, including trip delays, cancellations, and health-related issues. This trend presents a significant opportunity for insurance providers like GEGI to expand their offerings and cater to the growing needs of travelers.

Positive Outlook for Travel Insurance Sector

The travel insurance sector is poised for continued growth as consumer confidence in traveling returns. GEGI's experience suggests that government initiatives aimed at boosting tourism can have a positive ripple effect on related industries, including insurance. As the travel industry continues to recover, insurance companies are likely to see sustained demand for their products.