Travel insurance claims show spirit of adventure in over 50’s

Published on : Tuesday, April 12, 2016

download (1)The over 50’s are submitting travel insurance claims from all four corners of the world, from Aruba to Australia and Mexico to Morocco – in a clear indication that their spirit of adventure is alive and kicking.

Travel insurance claims are being made by all ages over 50 (with the exception of 98 year olds) – with a handful (less than 1%) submitted by intrepid travellers as old as 99. The findings, which come from research carried out by CEGA, are based on analysis of more than 150,000 travel insurance claims from the over 50’s in the 3 years to December 2015.

CEGA, which provides global assistance, travel risk management and claims services, also reveals that more claims come from 66 and 67 year olds than from any other age over 50, that the majority of over 50’s claims (81%) come from 50-69 year olds and that claim rates drop steeply (by 40%) between the ages of 69 and 70.

Spain (21%), the US (8%), the UK (7.5%), France (7.5%) and Italy (5%) produce the most travel insurance claims from the over 50’s, with destinations such as Greece, Turkey, India, Australia, Egypt, Mexico and Thailand also well represented.

Cancellation and medical claims are most prevalent amongst the over 50’s, says CEGA, followed by baggage claims.

CEGA’s findings resonate with recent research carried out by Saga, revealing that two thirds of the over 50’s travel more frequently than they did ten years ago and that over a third now travel to more exotic destinations.

“This increasing thirst for travel amongst the over 50’s, emphasises the need for high quality travel insurance,” says CEGA’s Chief Medical Officer Tim Hammond. “A good travel insurance policy should include access to high quality medical care – wherever a claimant is in the world – and repatriation back to the UK in an emergency.” Other signs of a good policy, according to Dr Hammond, include translation services and specific cover for adventurous sports such as paragliding, together with travel and overseas accommodation management for relatives at home, if the worst should happen.

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 03 itb-asia 2017
  • 04 Imex America 2017
  • 10 Globalwellnesssummit 2017
  • 10 thehotelshow 2017
  • 11 hospitalityaward 2017
  • 12 theleisureshow 17
  • 12 TTF17
  • 13 Frontiers Forum 2017
  • 14 bltm 2017
  • 14 patatravelmart 2017
  • 14 Seatrade-Europe 2017
  • 15 amsummit-ind 2017
  • 15 leisure 17
  • 16 Aviation Festival 2017
  • 16 OTDYKH 2017
  • 16 SKAL 17
  • 17 thincindonesia 2017
  • 17 worldmiceday 2017
  • 18 worldmiceday 2017
  • 19 IITM
  • 19 itehcmc 2017
  • 19 TTG Incontri 2017
  • 20 hmasummit  2017
  • 21 hoteltechhk 17
  • 43 PATA

TRAVEL INDUSTRY EVENTS

Get our toolbar!
Review www.travelandtourworld.com on alexa.com