The campaign, initially focused on property, motor and small business insurance, has already delivered almost 3 million online impressions and brought thousands of people to its website.
The latest industry statistics on travel claims demonstrate the importance of customers having the right cover for their circumstances, with claims worth £385 million settled in 2017, the highest since the ash cloud disruption of 2010. Insurers pay the equivalent of a claim every minute, but there remain concerns that customers do not always consider all of their needs before buying a policy.
Charlie Campbell, Senior Policy Adviser for travel insurance at the ABI, said:
“Travel insurers pay out more than a million pounds every day to support customers who’ve encountered difficulties overseas, with some bills for medical expenses costing tens of thousands of pounds. Given the importance of having the right cover when something goes wrong, our new Insurance Experiments are designed to encourage consumers to spend just a little longer thinking about the cover that they buy for their trips away. It’s important to not only look at the cost of the policy but to ensure it accurately reflects your personal circumstances, and takes account of where you’ll be going and what you’re likely to be doing.”
The new Insurance Experiments pages cover travel issues such as why medical conditions are such an important factor, the need to have adventurous activities covered correctly, and some of the many ways travel insurance can come to the rescue.
-ENDS-
Notes for Editors
Tuesday’s conference will include keynote speeches by Harriett Baldwin MP of the Foreign and Commonwealth Office and by Caroline Wayman, Chief Executive of the Financial Ombudsman Service.
Journalists who would like a free press pass to attend the event, between 1pm and 5pm at One America Square, should forward their details to [email protected]
Enquiries to:
Malcolm Tarling 020 7216 7410 Mobile: 07776 147667
Sarah Cordey 020 7216 7375 Mobile: 07860 189071
Dominic Stannard 020 7216 7350 Mobile: 07725 245838
1. The Association of British Insurers is the voice of the UK’s world leading insurance and long-term savings industry.
A productive, inclusive and thriving sector, we are an industry that provides peace of mind to households and businesses across the UK and powers the growth of local and regional economies by enabling trade, risk taking, investment and innovation.
2. An ISDN line is available for broadcast
3. More news and information from the ABI is available on our web site, www.abi.org.uk.
