Daily Insurance Industry News
 
 
Daily Insurance Industry News
Saturday 17th of November 2018
June 15, 2011

RSA makes Canadian travel insurance acquisition

by Gill Montia

Story link: RSA makes Canadian travel insurance acquisition

RSA has acquired the insurance assets of Expert Travel Financial Services Incorporated, a Canandian distributor of travel insurance with over three million policyholders travelling worldwide. The transaction involves gross assets valued at around £3 million, including trademarks and access to distribution, but excludes the Quebec-based firm’s Global Excel Management claims and assistance subsidiary. RSA has […]



June 7, 2011

Defaqto on annual trip travel insurance gap

by Gill Montia

Story link: Defaqto on annual trip travel insurance gap

With the summer holiday season approaching, Defaqto is alerting parents to the fact that only 50% of all annual trip travel insurance policies cover children named under the policy, if they travel independently of their parents. According to the financial research company, a child may be named as an insured person but may need to […]



June 2, 2011

Travel insurance more important than tea bags

by Gill Montia

Story link: Travel insurance more important than tea bags

The Foreign Office is urging Britons to reassess their priorities when visiting friends and family overseas, as for some, carrying teabags to far off places seems to take priority over taking out travel insurance. Over 12 million British nationals are thought to be planning to visit friends and family abroad this year and new research […]



May 27, 2011

Aviva issues ash cloud guidance

by Richard Kilner

Story link: Aviva issues ash cloud guidance

Aviva has offered its customers advice and guidance in relation to the ongoing situation regarding the volcanic eruption. Kate Niven, senior travel underwriter, advises customers concerned about their travel into or out of the UK being affected to contact their travel operator, airline or airport for up to date information. Niven went on to say […]



May 25, 2011

Ageas reports impact of ash cloud on coverage

by Richard Kilner

Story link: Ageas reports impact of ash cloud on coverage

With some disruption over the skies of Europe from the volcanic ash cloud, Ageas has advised customers with a policy start date prior to 23 May 2011, who also booked their trip prior to 23 May 2011, that they will be covered as per the terms and conditions. Customers are advised to first contact the […]



May 24, 2011

Grímsvötn ash plume forecast

by Gill Montia

Story link: Grímsvötn ash plume forecast

In its latest volcanic ash update, the Met Office says Icelandic authorities are reporting ash continuing to be ejected from the eruption of Grímsvötn, to a height of 10km. The British Geological Survey has described the volcanic activity that began last weekend as a “significant eruption” and movement of the ash plume will depend on […]



May 23, 2011

ABI offers volcanic ash cloud guidance

by Richard Kilner

Story link: ABI offers volcanic ash cloud guidance

The Association of British Insurers (ABI) has released guidance relating to the eruption of Grimsvotn volcano in Iceland, which has sent substantial quantities of ash into the atmosphere. Travellers are advised to contact their airline, travel agent or airport for up to date information, and if a cancellation occurs then either a full refund or […]



April 26, 2011

ABI launches travel insurance guide

by Gill Montia

Story link: ABI launches travel insurance guide

The Association of British Insurers (ABI) has launched a consumer guide to travel insurance that aims to clarify what is commonly covered in standard policies, and what may not be covered. According to the ABI, 15 million Britons are likely to go on holiday abroad this year and while most will have trouble free trips, […]



April 19, 2011

Travellers warned against leaving without insurance

by Richard Kilner

Story link: Travellers warned against leaving without insurance

A new survey by Direct Line has revealed that 3.2 million Britons would go without travel insurance to increase their spending money on holiday. Saving on duty free (61%) and new clothes (60%) proved the most popular economies when saving for a holiday, but one out of 15 Britons indicated they would risk travelling without […]



April 7, 2011

BIBA partners AllClear in extended travel offering

by Gill Montia

Story link: BIBA partners AllClear in extended travel offering

The British Insurance Brokers’ Association (BIBA) has appointed AllClear Insurance as the provider of its new non-standard medical travel scheme. AllClear is a market leader in providing travel insurance to those with pre-existing medical conditions and the move will allow BIBA to enhance its existing travel offering. Available from today, BIBA Medical Travel allows members […]



March 1, 2011

Arc Legal launches iPhone claims app

by Gill Montia

Story link: Arc Legal launches iPhone claims app

Arc Legal Assistance is claiming a UK first with the launch of its iPhone claims app for legal expenses policies. The app is available across the firm’s portfolio, including its large-scale contracts and key niche business sectors, such as landlord cover. The company also has plans to develop its existing online claims offering to give […]



February 17, 2011

Older travellers bolster holiday industry

by Richard Kilner

Story link: Older travellers bolster holiday industry

The over 50s are now accounting for more than half (51%) of overseas holiday spend and 43% of all UK tourism spend, according to travel insurer LV=. Whilst the under 50s continue to struggle with belt-tightening, the over 50s spend £17.6bn on travel every year, and this figure is predicted to almost double in a […]



February 15, 2011

Court decides volcanic ash “weather related”

by Gill Montia

Story link: Court decides volcanic ash “weather related”

The Travel Trade Gazette (TTG) has reported that insurers could be facing a flood of payouts relating to last year’s volcanic ash cloud, after a delayed traveller won a case against his insurance company, establishing in the process that the disruption could be classed as “weather related”. The revelation follows a decision by Yeovil County […]



February 3, 2011

Government presses ahead with ATOL reforms

by Gill Montia

Story link: Government presses ahead with ATOL reforms

The Government has confirmed that it is pressing ahead with reforms to ATOL (Air Travel Organisers’ Licensing), which should ensure that around six million more holidays are covered by the scheme. Aviation Minister, Theresa Villiers, has outlined a series of changes which should be implemented by the end of the year, and will: Extend protection […]



December 16, 2010

Boozy, cocky uninsured Brits head for the ski slopes

by Gill Montia

Story link: Boozy, cocky uninsured Brits head for the ski slopes

The Association of British Insurers (ABI) is warning that the thousands of British skiers hitting the slopes this winter could be risking “mountainous” medical bills, as many will fall into the following categories: No travel insurance – nearly a third of people questioned in a recent government survey admitted that they did not take out […]



November 30, 2010

Travellers encouraged to take out insurance

by Richard Kilner

Story link: Travellers encouraged to take out insurance

Direct Line has warned those contemplating going without travel insurance during a winter break of the financial risk they are exposing themselves to if the worst happens. More than a million Britons are expected to participate in winter sports this year, and could face bills of £5,000 for a simple fracture to a lower limb, […]



November 22, 2010

Consumer continue to cut insurance protection

by Gill Montia

Story link: Consumer continue to cut insurance protection

Homeowners, travellers and motorists could be putting themselves at financial risk by cutting out or reducing key insurance cover that provides protection in the event of fire, flood, theft or an accident. So says the British Insurance Brokers’ Association (BIBA), which has raised the alarm following a survey in which 57% of broker respondents reported […]



AXA warns against skipping travel insurance

by Richard Kilner

Story link: AXA warns against skipping travel insurance

Travel insurer AXA has warned that as many as a million Britons could be at risk when they go skiing this winter. According to the firm’s research, one in six (17%) of UK adults enjoy skiing/snowboarding on holiday, yet 10% of them will go on holiday without any travel insurance at all. This lack of […]



November 2, 2010

easyJet launches in-flight travel insurance service

by Gill Montia

Story link: easyJet launches in-flight travel insurance service

easyJet is claiming an industry first with this week’s launch of an in-flight travel insurance service. The airline has made the move in response to research suggesting that one in five UK holidaymakers set off on their vacations uninsured, which in easyJet’s case equates to around 20 to 30 people per flight. Passengers in-flight can […]



October 25, 2010

Barclays forms partnership with FirstAssist

by Richard Kilner

Story link: Barclays forms partnership with FirstAssist

Barclays has announced that it has formed a new three-year partnership with FirstAssist, replacing its previous partnership with Aviva. Barclays customers taking out travel cover from the bank will now have their coverage provided by FirstAssist, the new travel insurance provider. Barclays General Insurance and External Relationships Director Rob Clarkson described FirstAssist as a specialist, […]