UK watchdog reviews travel insurance for cancer patients


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LONDON, June 20 (Reuters) - Britain's markets watchdog
opened a public consultation on Tuesday to see if changes are
needed to make it easier for people with cancer to get travel
insurance.
    The Financial Conduct Authority (FCA) said it was also
looking at the reasons for pricing differences in premiums
quoted by insurers. The consultation is part of a wider look at
problems some consumers can face when trying to buy insurance.
    The FCA said insurance markets were becoming more segmented
with the use of "big data" - or very detailed information about
which customers pose the highest risk to insurers. [nL5N1EE220]
    Such customers may have to "navigate an increasingly complex
and confusing market" to find insurers willing to cover them.
    "These issues are particularly apparent for those with, or
recovering from, cancer," the FCA said.


 (Reporting by Huw Jones; Editing by Susan Fenton)
 ((huw.jones@thomsonreuters.com; +44 207 542 3326; Reuters
Messaging: huw.jones.thomsonreuters.com@reuters.net))

Keywords: BRITAIN MARKETS/INSURANCE



This article appears in: Politics


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