Following a recent review by our Group Compliance and the new legislation emerging from the FCA, we have taken the decision to remove the Annual Travel add-on from our Preferred Choice product with effect from 1 October 2019.
As we all know travel insurance is a challenging marketplace and this decision has not been taken without careful consideration. The exclusions we have to comply with at the moment do not make this a viable proposition for customers.
What this means
We will cease selling the Annual Travel cover add-on, as new business with effect from 1 October 2019
The Annual Travel add-on will not be included in any Preferred Choice renewals with effect from 1 November 2019.
This is a small portfolio of business for RSA and a majority of brokers will remain unaffected. Where brokers do have customers with our Annual Travel, they have been advised directly and alternative arrangements should be sought for their policyholders.
As always please contact your usual RSA representative or via email at firstname.lastname@example.org for any queries.
Head of Broker