JS INSURANCE Management will allow agents to issue its Frequent Traveller policy from January 1 after seeing a huge increase in trade sales of the annual scheme.
They currently have to contact JS Insurance to arrange a policy.
Managing director Steve King said Frequent Traveller brought in £17,500 in premiums in 1998, compared to £30,000 for the first six months of this year.
As the figure only includes premiums on a month-by-month basis – that is, only six months of premiums taken in January is calculated – King said he expects the policy to show a six-fold increase in sales by the end of the year.
“Agents like to be able to self-issue policies because it is quicker, but they did not sell enough in the past to make it financially worthwhile,” he added.
“The pads cost a lot to print and they were being wasted.” King said the turnaround is due partly to a general increase in the number of annual policies being sold by the trade as clients move away from single-trip schemes to year-round cover.
He added: “It is also partly due to the changes made to the Frequent Traveller policy at the start of the year.”
This allows up to 90 days per single trip, which is above average, includes any number of skiing trips and UK holiday cancellation.
Premium is £41.72 net or £84.38 net for family cover.
King said self-issue will save JS Insurance Management money and enable it to hold premiums for next year, when the company is changing its name to that of parent company Euclidian.
The Euclidian name willfeature on JS Insurance travel policies, which relaunch on January 1.