Tag: travel insurance compare

Air Vanuatu liquidation exposes insurance coverage gaps

- August 12, 2024 - princis
Air Vanuatu liquidation exposes insurance coverage gaps | Insurance Business Australia Travel Air Vanuatu liquidation exposes insurance coverage gaps Thousands of travelers left stranded, facing financial losses Travel By Roxanne Libatique Air Vanuatu’s unexpected decision to enter voluntary liquidation has left thousands of travelers stranded and facing significant financial losses due to widespread flight cancellations. A spokesperson from the Department of Foreign Affairs and Trade (DFAT) has advised Australians to reach out to their travel agents or travel insurance providers. Consumer experts, however, warn that only a few travel insurance policies cover such insolvency events. Australian travel insurers that cover…
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Hong Kong Regulatory Insurance Update – Spring 2024

- August 8, 2024 - princis
21 February 2024 The IA has warned insurers of the inherent risks related to premium financing as this is particularly sensitive to changes in interest rates. The surge in interest rates in the past two years has brought severe volatility to the market which has impacted both policyholders and the insurance market. Mr Marty Lui, the IA’s head of Long Term Business (Acting), highlighted the risks involved in premium financing: during periods of low interest rates, policyholders are able to use premium financing to benefit from the spread between their policy returns and bank loans and also amplify their returns…
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Best COVID Travel Insurance of 2024

- August 6, 2024 - princis
The best COVID travel insurance is Seven Corners’ Trip Protection Basic, according to our analysis of travel insurance plan rates and coverage options. Editor’s note: This article contains updated information from a previously published stories. Best COVID travel insurance of 2024 Why trust our travel insurance experts Our team of experts evaluates hundreds of insurance products and analyzes thousands of data points to help you find the best product for your situation. We use a data-driven methodology to determine each rating. Advertisers do not influence our editorial content. You can read more about our methodology below. 851 coverage details evaluated.…
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ICA highlights importance of travel insurance ahead of Easter holidays

- July 25, 2024 - princis
ICA highlights importance of travel insurance ahead of Easter holidays | Insurance Business Australia Travel ICA highlights importance of travel insurance ahead of Easter holidays Advice backed by research revealing concerning trends Travel By Roxanne Libatique As Easter holiday plans take shape, the Insurance Council of Australia (ICA) is emphasizing the need for Australians traveling abroad to secure travel insurance. This advice is backed by recent data revealing a notable trend: a significant portion of travelers might embark on their overseas journeys without this key protective measure. Australian travelers consider ditching insurance Research conducted jointly by the ICA and the…
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