The Financial Conduct Authority (FCA) has approved BIBA’s new travel directory, confirming it meets its criteria and will now be listed on the regulator’s website.
New rules by the FCA are designed to reduce the number of uninsured consumers and to help those who are declined cover, only offered cover that excludes their medical condition or offered what they consider to be unaffordable premiums.
The regulator estimates 12.6-14.1 million consumers with pre-existing medical conditions seek to purchase travel insurance each year.
Graeme Trudgill, BIBA’s executive director, said: “Suitable and competitive travel insurance is available for people with medical conditions, but they need help to find specialists in this area.
“We are delighted to have met the FCA criteria for a medical cover firm directory and to be part of the solution. We have worked closely with the FCA throughout the process championing the need for signposting in this area.”
“BIBA will do all that we can to help consumers with medical conditions to find the cover they need and make their journey easier.”