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 CII and PFS members
CII and PFS members must register online by 10.30am on the day of the lecture
For lectures held in The Old Library, Lloyd's pass holders may also attend and do not need to register
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