Travel: Insurance

Treasury written question – answered on 25th May 2022.

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Photo of Karl Turner Karl Turner Labour, Kingston upon Hull East

To ask the Chancellor of the Exchequer, what recent discussions he has had with (a) Cabinet colleagues and (b) insurance providers on helping to ensure that cancer patients are able to access affordable travel insurance.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

Ensuring that everyone has access to suitable and affordable financial products and services is a priority for this Government.

The Financial Conduct Authority (FCA) found that some consumers with pre-existing medical conditions, including cancer, faced challenges navigating the travel insurance market. To address this, from April 2021, the FCA requires all firms offering retail travel insurance to signpost consumers to a directory of specialist providers if they are declined cover, offered cover with an exclusion, or charged a significantly higher premium based on their serious pre-existing medical condition.

We continue to work closely with regulators, and stakeholders from the public, private and third sectors on this important issue.

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