Travel - Destination unknown
As Financial Services Authority regulation looms large for travel agents, Jane Bernstein looks at a sector facing multiple challenges to assess where broking opportunities may lie
A number of fundamental changes in the travel insurance sector are presenting insurers and brokers with a suitcase full of challenges and opportunities. Travel agency regulation is fast approaching and brokers need to have strategies in place to respond to the sea change that many believe will accompany the new regime. At the same time, these agencies must also continue to keep abreast of technological advances and the prospect of continued competition from channels such as aggregators.
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