In the three weeks to 7 November, Post Office sold almost five per cent more policies compared with the same period in 2019, before the pandemic began. Sales of policies were also up 651 per cent on the same period last year. This follows strong growth since the ending of the ‘Stay in the UK’ regulation and the introduction of the traffic light system on 17 May, as well as subsequent changes to the system.
Sales rose later in the summer than usual
Ed Dutton, Product Portfolio Director for Financial Services at Post Office, said: "We are really pleased to see sales of travel insurance returning to pre-pandemic levels, following remarkable growth since the government relaxed restrictions on overseas travel.
“Notably, we saw rising sales later in the summer. Usually, they are falling at this point because growing numbers of people have already enjoyed their summer holiday. However, pent-up demand, our highly regarded brand and attractive product features appear to have produced strong upward momentum throughout the summer, with strong sales continuing into autumn.”
The dramatic rise in sales followed Post Office last year enhancing its travel insurance products to provide cover for cancellation and curtailment as a result of Covid.