BIBA offers insights as signposting initiative moves forward

The British Insurance Brokers’ Association (BIBA) believes it has a significant role to play in the signposting initiative being carried out by the Financial Conduct Authority (FCA). Here BIBA executive director Graeme Trudgill offers insights from the trade body. First off, here’s where the FCA is at in terms of progress: “Since we issued the Feedback Statement in July 2018, we have been working with stakeholders to explore different options for signposting people with pre-existing medical conditions (PEMCs) to travel insurance providers that are able to provide them with suitable insurance.” It’s been previously found that consumers who had received a high quote or had been refused cover tend to assume that they are uninsurable given the lack of quality information on alternative options.

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