Travel claims payouts top £500m in 2023
The Association of British Insurers' latest claims data has revealed insurers dealt with 574,000 travel insurance claims last year, totalling £511m.
According to the data, insurers saw just under 29,000 claims from British holidaymakers in Spain alone, with a value of £41.7m.
The ABI’s data also highlighted that claim payouts increased with age
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