Underwriting the modern traveller - challenges facing the travel insurance sector
In this IIL accident lecture Dipesh Patel discussed the underwriting of travel insurance, focusing on the challenges facing insurers in product perception, distribution and product servicing and the drivers of change in this market sector.
In 2016 UK insurers assisted nearly 500,000 travelers, paying out the equivalent of £1m every day. Yet it is estimated that more than one in five (22%) still travel abroad without insurance*
Dipesh talked about the challenges facing the travel insurance underwriter including:
- The perceived value of travel insurance
- Access to and distribution of travel insurance
- Medical screening and customer disclosure
- Claim servicing and cost containment consumer protection - where does insurance fit in?
- Evolving customer needs and product coverage
By the end of this lecture members would have gained an insight into:
- The underwriting challenges faced by travel insurers
- Inclusivity and access to travel insurance
- The drivers of product innovation
Dipesh has worked in the UK PA and Travel Insurance sector for over 20 years specialising in travel insurance for the leisure, business and sports sectors. Dipesh has worked at CNA, Arch and Tokio Marine Kiln. He joined DTW1991 as Deputy Class Underwriter for A&H in July 2015.
Graeme Trudgill, Executive Director, British Insurance Brokers Association (BIBA).
Registration & Security
IIL lectures are open to Lloyd's pass holders and CII and PFS/SMP members.
CII members must register online by 10.30am on the day of the lecture.
Lloyd's pass holders do not need to register for lectures held in The Old Library.
All attendees must produce photo ID - either a Lloyd's pass, driving licence with photo or valid passport.
- Email confirmations and photo ID must be produced to security staff at the lecture venue
- Attendance confirmations are non-transferable to any other person or lecture
- All venues have limited capacity and registration and/or a Lloyd's pass does not guarantee admission
Please let us know what we can do to make our events fully accessible to you.
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
3/4 hours' CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.