CCIR to examine travel insurance in 2015

The Canadian Council of Insurance Regulators will make an examination of travel insurance one of its key priorities in 2015 and is seeking input from the public on how the business is conducted in Canada.

The CCIR, which includes representatives from every province and territory in Canada, has formed a working group on the topic which will work with the Canadian Insurance Services Regulatory Organizations (CISRO) and with the insurance industry on the travel insurance issue.

The initiative stems from “the concerns of the public and insurance brokerage community,” said CCIR Chair Carolyn Rogers, adding the organization “knows how important it is for consumers to have confidence in their insurance protection when they travel.”

CCIR invites the public to contribute comments to ccirccrra@fsco.gov.on.ca. The working group expects to release its first report this fall.