Recently Released Market Study: UK Travel Insurance 2012
The market witnessed a 7.6% fall to GBP706.3m in 2011, from GBP764.8m in 2010, according to figures from the Association of British Insurers (ABI). Industry experts interviewed by Datamonitor attribute this fall to two key factors; continued low levels of trips abroad, and the increasing popularity of policies sold alongside added value accounts, where premiums can be a matter of a few pounds a month.
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