News Coronavirus watch24 Jun 2020

UK:Travel insurance will contract significantly in 2020

| 24 Jun 2020

All personal lines insurance in UK will contract during 2020 due to the coronavirus. However, travel insurance will be the worst affected of the lot. A study 'UK Insurance Market Essentials: COVID-19 Updates' released by data and analysis company GlobalData says the travel insurance gross written premium (GWP) could contract by about 48.7%.

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