Get a grip

The Financial Services Authority (FSA) may soon find itself in uncharted waters as the drawn-out process of regulating combined travel insurance finally comes to fruition in January next year. The much-maligned regulator could soon be in the position of offering insurance brokers a new business opportunity, as they become one of the few conduits through which travel agents and tour operators will be able sell insurance.

In June 2007, Ed Balls, then economic secretary to the Treasury, argued that