Regulating travel insurance

The Treasury yesterday (23 Nov) launched a public consultation on travel insurance on grounds that "the market is not working well enough to prevent mis-selling." The last consultation on travel insurance was only three years ago when the Government decided that it is not necessary to regulate the sector. During the last review, most of the travel agents were against regulations and argued that the sector's code of conduct is sufficient to prevent any wrong-doing. Much could not have changed since. Regulations is not the way forward but it is the responsibility of the purchaser to check the T&C of the insurace one is buying.