P J Hayman warns of unpredictable travel insurance rates
Specialist travel insurance provider P J Hayman has forecast higher rates for scheme holders and brokers with travel insurers revising and renewing schemes after the summer holidays.
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
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