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

Source: *ABTA

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

Speakers Bio:
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.

Chair:
Graeme Trudgill, Executive Director, British Insurance Brokers Association (BIBA).

CPD events are open to CII and PFS members
Registration closes at 12pm two working days before the event date
For events held in The Old Library, Lloyd's pass holders may also attend and do not need to register
Original Photo ID (Driving Licence, Passport, Work ID with company logo and full name) is required to gain entry to all venues

Conditions:

• Email confirmations and original photo ID must be produced to security staff at the lecture venue
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• All venues have limited capacity and registration and/or a Lloyd's pass does not guarantee admission

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Contact:
Please contact Patricia Pedraza (07463 028327) with any queries regarding the CPD events programme.

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