Access America 2007 Annual Report Download - page 24

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Asia-Pacific
The Growth Engine of the Group
The Asia-Pacific region cemented its position as the Group’s
main growth region in 2007, with a 25.7% increase
in overall sales. It now represents 10.3% of Group turnover.
Australia remains the main contributor in terms of revenue
and profitability; however, Japan delivered a welcome profit.
China continued to show strong growth in the roadside
assistance business and South-East Asia helped reinforce the
Group’s global leading position in e-commerce sales of travel
insurance. 2007 also saw the entry of the Group into India.
Australia : one of the largest business
units in the Group
Belonging to the Group’s top 5 entities, it
reported strong sustained growth in each of
the primary business lines. The greatest
contributor was the booming e-commerce
travel insurance activity, which saw a year-
on-year increase of 58%. The overseas
Student Health market grew by 29% and the
Roadside Assistance business by 20%.
The Australian business unit also implemented
enhanced reserving methods, and continued
to deliver the targeted profit level.
Strong growth continues in China
The roadside assistance activity maintained
its significant growth rate by more than
doubling its revenue compared to 2006.
Despite increased competition, Mondial
Assistance remains the market leader in
size and service level in a fast developing
market. Managing the complex regulatory
environment, Mondial Assistance succeeded
in extending its travel insurance business
and launched operations in Shanghai and
Chongqing. It increased the turnover for
travel insurance more than threefold in
2007, and forecasts continued strong
growth in 2008.
Arrival in India
Mondial Assistance started operations in
India on November 1st with the launch of
roadside assistance services for a leading
international auto manufacturer. The Group’s
entry into India has included investing in a
fleet of Mondial Assistance branded tow
trucks and two-wheel rapid response vehicles.
The Group’s successful entry into China a
few years ago encouraged it to do the same
in this other major emerging market.
of Group turnover
10.3%
16
International presence
in turnover
+25.7%