P J Hayman warns of unpredictable travel insurance rates

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."

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