Travel hikes spell trouble for schemes brokers

Plane on take off

Mr Hayman said the increase would particularly affect the cheaper end of the market consisting mainly of internet and aggregator products.

He added: "Recently I predicted that the travel insurance market would start to see sharp rises in the travel insurance premiums, which will be exacerbated by the impending rise in Insurance Premium Tax. It seems that this has now begun.

"This week, the UK's largest travel insurer, Axa, went public announcing "double digit" rises to be expected on their book

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: