The joint initiative has led to over 860,000 enquiries to Biba’s Find Insurance service
A signposting agreement between the government, Biba and the ABI established in 2012 has now reached its 10th year of helping older consumers access travel and motor insurance.
Under the agreement, older motorists or holidaymakers unable to be offered cover by insurers or brokers because of age limits are automatically referred to Biba’s Find Insurance service or alternative providers that can provide cover.
The agreement has seen more than 860,000 enquiries referred to Biba’s Find Insurance service.
Economic secretary to the Treasury John Glen said: “I am delighted that 10 years after launching in 2012 the signposting agreement between the government, Biba and the ABI has helped many older consumers access travel and motor insurance.
“I look forward to the continued success of the scheme and to working with the sector to ensure consumers can access the insurance they need.”
The ABI’s director of general insurance policy, James Dalton, added: “The signposting agreement continues to play a key role in helping older consumers get the motor and travel insurance they need.
“While these markets are competitive for many, for some older people, accessing cover can feel daunting and the agreement offers crucial help for many to get the motor and travel insurance they need.”