FCA Delays Review On Travel Insurance 'Signposting' Rules

By Martin Croucher (June 20, 2022, 1:07 PM BST) -- The Financial Conduct Authority has said it has postponed a review that would have checked whether insurers and brokers were complying with new "signposting" rules for vulnerable consumers seeking travel insurance.

The watchdog said on Friday that it was concerned that the review would be clouded by the remaining impact of the COVID-19 crisis on the travel industry.

The FCA introduced new requirements for insurers and brokers in April 2021 to help tackle the growing problem of vulnerable customers being rejected as too risky a prospect by travel insurers. Many were denied cover or charged high fees.

"We consider the impact of...

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