THE World Travel & Tourism Council (WTTC) has released a new set of insurance guidelines it hopes will help expedite the recovery of the travel sector.
WTTC believes the new advice is necessary to ensure the insurance industry is “fit for purpose” to accommodate the needs of travellers in a COVID-19 world, with travel insurance playing a vital role in providing peace of mind and risk mitigation to consumers and suppliers.
Highlights of the guidelines’ suite of recommendations include a need for insurers to “plug gaps” and provide travellers with appropriate coverage, give mandatory COVID-19 protection, as well as create blanket crisis management coverage to instil the confidence needed to generate a spike in travel.
WTTC is also proposing insurers make it better known to consumers what the terms and conditions, restrictions, and coverage limits of each insurance products and policies are.
The guidelines also cover the corporate travel space, recommending organisations provide risk management plans, and inform all staff of the protective measures being taken, including the insurance plan that will protect them on trips.
“We have worked closely with key players across the travel insurance industry to make recommendations to ensure individual travellers, groups and organisations can feel safe,” said WTTC CEO Gloria Guevara.
“The measures….should help guide travel insurers to create products which contain every contingency needed to enable travel to recommence to those countries which have relaxed their border controls,” she added.
To view the insurance guidelines in full, visit wttc.org.
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Source: traveldaily