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British regulator examines travel cover for cancer victims

The UK’s Financial Conduct Authority (FCA) is consulting on ways to improve cancer sufferers’ access to the travel insurance market.

It also wants feedback on the challenges of providing travel insurance to such customers, difficulties faced by them and the reasons for differences in premiums quoted.

“Being able to access financial services is critical for people to fully participate in society,” FCA Executive Director of Strategy and Competition Christopher Woolard said.

“We hope this will encourage discussion on access issues to examine the challenges for businesses and consumers.”

The FCA also welcomes examples of innovative practices and barriers to innovation.

Submissions close on September 15 and the FCA expects to respond in the fourth quarter.