UK-based insurer Saga has reported lower profits, and shares in the company have hit a record low.
Top industry-specific travel insurance trends and analysis from around the globe, plus the latest international headlines on issues directly affecting the industry.
The UK Financial Conduct Authority (FCA) recently put forward a Call for Input following its recently released Feedback Statement regarding improved access to travel insurance for people with pre-existing medical conditions, and the British Insurance Brokers’ Association (BIBA) has welcomed the suggestions.
In the April issue of ITIJ, we delve into the growing world of microinsurance, looking at how technology and dramatic shifts in how consumers want to access insurance are leading to the increased availability of small, inexpensive, digital cover options for people on the go.
In the UK, airlines are facing legal action over the reported exposure of pilots to toxic air.
Nearly half of travel insurance policies don’t include protection against airline failure, says independent financial information company Defaqto.
Following the tragic New Zealand shootings that took place in two mosques in Christchurch on 15 March, an event that New Zealand Prime Minister Jacinda Ardern declared to be an act of terrorism, travel insurance comparison site Squaremouth has offered travel advice to those who may be worrying about upcoming trips to the country.
Following the recent nationwide grounding of Boeing 737 Max jets in the US, many coverage providers can expect to receive an influx of claims. Travel insurance comparison site InsureMyTrip is preparing for that exact eventuality, and has identified the claims that policyholders will most likely file and how coverage may respond, in order to improve awareness.
In addition to naming its 2019 travel insurance winners, travel insurance provider Canstar NZ has issued travel insurance advice to New Zealanders, as many Kiwi travellers are failing to obtain the right travel insurance cover, and as a result are facing inadequate medical and trip cancellation cover, as well as extra costs imbued from lost items.
Both John Lewis and Ageas – the UK retailer’s partner – have confirmed that John Lewis stopped selling travel insurance as of 18 February this year.
It turns out that reading the small print on a travel insurance policy pays off in more ways than one.