WITH flight cancellations, delays and other disruptions on the rise, leisure travellers are being increasingly discerning over the level and type of insurance they buy and businesses are turning to specialist advisory services to limit risk.
Since 2019, travel disruptions around the world have risen due to everything from Covid-19, extreme weather, volcanic eruptions, military conflict, jet safety issues, computer glitches and fires which have closed airports, grounded planes and stranded millions of passengers.
As a result, more travellers are taking out higher-end insurance policies, often at higher premiums, to better protect themselves, according to interviews with travel executives, insurance companies and analysts.
British and US holidaymakers in particular are more willing to pay a higher premium to protect their trip, said Anna Kofoed, the CEO of Travel for Allianz Partners.
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