FCA proposes access to travel insurance 'signposting rule'

Consultation closing 15 September

Adam Saville
clock • 2 min read

Requirement to provide details of suitable travel insurers to customers with pre-existing health conditions

In June last year, we reported that the Financial Conduct Authority (FCA) was concerned that consumers were having difficulty gaining access to the specialist travel insurance market, following its Call for Input (CfI) in June 2017, and we provided a subsequent update here.  Yesterday, the FCA announced proposals to introduce a new ‘signposting rule' to provide consumers with details of insurance firms that have the appetite and capacity to cover consumers with complex medical histories who may have been declined cover, underwritten with an exclusion or had their premium loaded. The F...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

Reeves takes aim at regulation during growth speech

Reeves takes aim at regulation during growth speech

Regulation stifling growth

Cameron Roberts
clock 29 January 2025 • 2 min read
Reeves to host meetings with financial services heavyweights over growth plans

Reeves to host meetings with financial services heavyweights over growth plans

Includes insurance and reinsurance leaders

Sorin Dojan
clock 21 January 2025 • 1 min read
FCA proposes that firms accept electronic verification of death

FCA proposes that firms accept electronic verification of death

Method to speed up bereavement claims

Cristian Angeloni
clock 20 January 2025 • 2 min read