Over the last few years, claims made for medical expenses through travel insurance policies have increased by four times due to a larger number of older adults taking sabbatical years from work and taking exotic vacations. The Association of British Insurers (ABI) has released their data that has shown that the cost of overseas illness rose from approximately $122 million in 2004 to approximately $454 million in 2010. The number of claims rose from 120,000 in 2004, to 337,000 in 2010. According to the ABI, even though the cost of…

Tag: statistics on travel insurance

Adult sabbatical years lead to four times more travel insurance medical claims