Travel – Page 3
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NewsSaga returns to profit for H1 2022 as travel soars post-Covid
The insurer’s group chief executive says although the business is ’mindful that the external environment remains challenging’ it is confident that Saga is now in a stronger position than it was pre-pandemic
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NewsStaysure Group buys remaining shares of price comparison website
The price comparison website’s founder and managing director will be stepping down as a result
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AnalysisBriefing: Insurance industry must adopt signposting to support UK’s ageing population
With people living longer and retiring later in life, insurers must be flexible with their travel insurance policies to ensure that consumers are not left without cover
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NewsMan jailed after using different identities to submit fake travel insurance claims
Aviva was one of six insurance companies impacted by the 27-year-old’s fraudulent activity
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NewsAdmiral Group sees COR rise to 96.7% for H1 2022 as inflation squeezes profitability
The insurer is ‘happy’ with its progress during the first half of the year, against the ‘backdrop of a more turbulent cycle than usual’, says chief executive
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AnalysisBriefing: FCA must focus next on customers’ expectation gap following dual pricing ban
Consumer group managing director calls expectation gap the ‘number one problem in insurance’, over and above ‘sideshow’ price walking that the FCA has been focused on
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NewsTravel insurers must address ‘misunderstanding’ over coverage – Consumer Intelligence
A lack of consumer trust in the travel insurance sector should be addressed with greater clarity over policy exclusions, says senior insight analyst
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NewsDOA Underwriting strikes capacity deal for travel policies with Axa Partners UK and Ireland
The insurer says the agreement forms ‘a key part in our travel strategy’
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NewsJust Travel Cover buys London-based travel insurance scheme specialist from insurtech
Existing partnership moves to ‘the next level’ as part of ‘wider company growth strategy’
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NewsStrike action travel insurance cover sparse amid airline complications – Which?
Nearly half of travel insurance policies do not cover customers for strikes by airport or airline staff, the firm’s latest research reveals
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NewsRising cost of living provides ‘opportunity’ for industry to tailor products – Guidewire Software
Ever increasing inflation is causing consumers to choose between putting food on the table or buying insurance - however, the industry is in a key position to adapt products to suit changing demands
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NewsAxa Partners reveals multimillion-pound partnership extension with underwriting agency
The underwriting agency’s managing director says that Axa Partners shares its ’key value of putting customers at the heart of everything’
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NewsTravel insurance signposting review delayed by FCA
The regulator said that the impact of the Covid-19 pandemic would ‘undermine’ its ability to draw firm conclusions
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AnalysisBriefing: More insurers need to think outside the box to mitigate cost of living crisis
Insurers must step into the breach once more to support consumers – but how many are actually willing to reduce monthly installment plan premium uplifts?
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AnalysisTravel insurers weather the Covid storm
Amid changing consumer habits and rampant premium upticks, what is really happening in the travel insurance market right now? Insurance Times finds out…
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NewsBrokers’ commission must be ‘reflective of the value’ provided to customers, says FCA
The regulator’s executive director of consumers and competition emphasised that brokers must not recommend a product based on their own remuneration, although ‘high prices may sometimes be appropriate’
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NewsBiba and ABI celebrate 10 years of signposting agreement
The joint initiative has led to over 860,000 enquiries to Biba’s Find Insurance service
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News76% of Brits do not understand health insurance cards – Direct Line
The insurer warns that the ‘gap is growing’ for Global Health Insurance Cards
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NewsBlink Parametric teams up with travel insurtech
The pair share a similar ethos around ’intuitive, simple insurance product design’
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NewsManifesto 2022: Biba urges UK government to slash IPT to 10% in next Budget
The trade body further believes that IPT relief should be offered for cladding-linked property insurance, telematics-based motor policies and cyber cover
