P J Hayman warns of unpredictable travel insurance rates

airplane-2-big-jpg

The company cited currency disadvantages on claims costs and accumulated large losses as two reasons for the rise.

Peter Hayman, director, commented: "For the last three years we have seen rates being driven downwards for several reasons. Comparison websites offering non-specialist cover are getting ever cheaper, brands are driving harder bargains with their insurance partners to position product offerings at prices and age limits that do not make underwriting sense."

He continued: "A

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.

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: