Axa welcomes FSA regulation of travel insurance
Axa has welcomed the Treasury announcement that the Government intends to give the Financial Services Authority (FSA) the responsibility for regulating the selling of travel insurance sold along with a holiday.
Axa stated that it had pressed for the change, which it argued would strengthen the standard of training, documentation and complaints handling within the travel industry.
It added that FSA regulation would give consumers the added protection that a fully regulated environment brings including automatic access to the Financial Ombudsman Scheme (FOS), which was not available under the current ABTA scheme.
Anthony Middle, general manager, Corporate Partnerships at Axa said: “We believe that the
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