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'The travel insurance market will bounce back'

Opinion
Antony Martin
14 July 2021

As the travel industry starts to open up again, it’s important to reflect on how the insurance market has been affected by the pandemic – and what we can learn from it so insurance companies can prosper in the future.

Passports

This unprecedented time has taught insurers the importance of flexibility and adapting their policies in line with changes in travel restrictions and consumer demand.
 
During the first few weeks of lockdown, many insurance providers withdrew any existing cover their policies offered for pandemics. This forced some insurers to step away from the market and many have still not returned to the aggregators after removing this cover.