There is a rapidly growing industry in self-testing and home diagnostic kits, creating a more informed and ‘health aware' life assurance consumer. Phil Brown asks what are the risks to our industry of potential selective disclosure?
Munich Re has expanded on recent analysis of non-disclosure and its implications and will reflect insurers' strength on this issue in its contract terms.
Munich Re research has found non‑disclosure to be a lot more common than previously thought. As Lee Lovett explains, stopping it is not easy.
Munich Re estimates one in seven claims are paid in respect of someone deliberately failing to disclose relevant medical or lifestyle facts on application, mostly so significant that the application should have been rejected.
Munich Re UK Life has announced it will only request third party financial evidence for sums assureds of £25m or more for business protection life cases.
With sporting events this summer resulting in success for many UK sports stars, Paul Hunt ponders possible influences the ‘Olympic bounce' will have on health and exercise and the impact on underwriting.
Gender-targeted products will emerge once gender-neutral and I-E tax price changes have settled down, a Cover Forum panel debate said.
The environment income protection is sold into is changing fast. Lee Lovett sees promising signs this could be the start of the time when IP cover comes of age
Munich Re has warned that cancelling the London 2012 Olympics in the event of a terrorist strike or natural disaster would cost the insurance industry as much as $5bn (£3bn), according to The Telegraph.
Munich Re has claimed "a good start to 2012" and is aiming for a profit of around €2.5bn, its annual report states.