Call for an instant quote 0345 90 80 161
Open Mon to Fri 09:00 - 17:30 | Sat 09:00 - 16:00 (GMT)
15 July 2011 15:01
With more than 35 years industry experience in the industry, World First Travel Insurance offer annual multi-trip and single trip policies for destinations throughout the world
With more than 50% of their customers buying their travel insurance online, specialist travel insurance company, World First Travel Insurance, welcomes the Financial Services Authority’s (FSA) scrutiny of price comparison websites and resulting consultation guidance issued recently.
Martin Rothwell, Managing Partner of World First Travel Insurance says, "Price comparison websites can be a good place to start your search for travel insurance, but increasingly people are discovering buying solely on price can be a false economy."
The FSA has recently raised concerns that insurance comparison websites have not been complying with its rules and this may result in customers being treated unfairly. They have asked the websites to think carefully about whether they are introducing or recommending certain policies without proper authorisation to provide financial advice. The deadline for responses to the consultation is 8 August 2011.
The British Insurance Brokers' Association (BIBA) has previously voiced concern about customer detriment and is pleased that the FSA guidance recommends comparison websites review their disclosure documentation, sales procedures and terms and conditions to meet current regulations. This will include customer eligibility, status disclosure, advice suitability and providing a proper statement of demands and needs. Steve White, Head of Compliance and Training says, "This is a really important step in consumer protection. This should lead to greater clarity for customers in terms of who they are dealing with and the policy they are purchasing."
Martin adds, "World First Travel Insurance works hard to provide insurance that best suits our customers' needs and to treat people fairly in gathering information, establishing the prospective risk and assessing and processing claims. As a member of the Association of Travel Insurance Intermediaries (ATII) we adhere to FSA rules which help ensure customer satisfaction."
With more than 35 years industry experience in the industry, World First Travel Insurance offer annual multi-trip and single trip policies for destinations throughout the world and for individuals taking part in most forms of activities and types of holidays. World First is also one of the few travel insurance companies to provide comprehensive cover for pre-existing medical conditions and to insure people up to the age of 100.
World First Travel Insurance customer testimonials show the importance of getting the best policy to suit the individual needs of the traveller.
22 September 2017
A new computer code that can be applied to GP surgery data could be the answer to identifying those most at risk of developing bowel cancer.
[more...]
21 September 2017
The World Health Organisation (WHO) has issued a warning over a growing resistance to antibiotics.
20 September 2017
Thousands of Ryanair flights have been cancelled over the next six weeks, as the airline says it "messed up" allocation of its pilots' annual leave.
19 September 2017
Manchester's Girlguides are being urged to help the elderly with a new badge incentivising youngsters to tackle senior loneliness.
16 September 2017
Holidaymakers are being evacuated as winds up to 200km per hour hit Central Vietnam, with Typhoon Doksuri damaging houses, roads and infrastructure.
15 September 2017
People in parts of East Anglia are eight times more likely to survive liver disease than Blackpool residents, according to new data by Public Health England (PHE).
14 September 2017
A non-invasive alternative to gastric bypass surgery that helps people with Type 2 diabetes lose weight is being recommended for widespread use by NHS experts.
13 September 2017
Almost half of UK adults travelling to areas at risk of malaria are not covering themselves by taking medication, despite recommendations made by the NHS and world health organisations.
12 September 2017
A new health warning has been issued by scientists in Sweden, suggesting e-cigarettes with nicotine could lead to an increased risk of heart attacks and strokes.
09 September 2017
Researchers have developed a futuristic pen-like device that can tell whether someone has cancer much faster than current technology.
08 September 2017
A staffing crisis in the NHS is seeing cancer patients turned away from their GP surgery and instead visiting A&E, a report has claimed.
07 September 2017
Whether it's binge-watching box-sets, shopping for clothes, chatting to friends or picking up work emails, staying connected is pretty much essential to everyday life.