There may have been a lot of claims but one in five still head off on their hols uninsured (Source: Getty)
Those who are still shuddering at the cost of their most recent getaway should spare a thought for the insurance industry.
Research out today has found that insurers shell out £1m every day on claims on travel policies.
The study from the Association of British Insurers (ABI) discovered that travel insurers paid out £365m in claims last year to 494,000 individuals and families.
Medical bills made up the bulk of the claims, with insurers forking out more than £196m to more than 166,000 travellers in need of emergency treatment.
However, the ABI also pointed out that previous research by the Association of British Travel Agents has discovered that more than a fifth (22 per cent) of travellers still trek off uninsured…Read more at City A.M.