It’s a new era for travel insurance.
Despite economic uncertainty, Canadians plan to spend over $14 billion on vacations this year, according to new data from Allianz Global Assistance, a leading travel insurance provider. Post-pandemic, travelers have become more risk-aware than ever, and almost 90% say they plan to buy travel insurance for their next trip.
“The pandemic has significantly shifted consumer attitudes around travel, forced a number of changes within the travel insurance industry, and shed new light on the peace of mind travel protection can bring,” says Lucy Hathaway, Allianz’s Chief Sales Officer. “While Canadians are highly aware of the need for travel insurance, they don’t necessarily understand what coverage is right for them. With travel approaching pre-pandemic levels, more and more Canadians are turning to their trusted insurance brokers for travel insurance and advice.”
Widespread staffing shortages and prolonged supply chain issues continue to make travel more
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