Analysis

Covid-19 pandemic sees more insurers exit financial failure insurance

By 2021-01-08T11:21:00

exit plane

As of January 2021, policyholders will not be able to renew financial failure insurance to comply with Package Travel Regulations, meaning they cannot trade. Insurance Times explores options for these customers and what brokers can do to help

As a result of the Covid-19 pandemic, financial failure insurance (FFI) has seen more insurers exiting the market, making it harder for agents to get the financial protection they need to operate.

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