The FSA recently responded to a provider letter airing concerns about advisers filling out medical disclosure applications. Should it be the adviser's job to exercise the necessary medical expertise? And how evolved are insurer systems to accurately capture the details in this new age of online applications?
Andrew Gething, managing director, underwriting provider Morgan Ash It is all about risk. A client who is looking for a £20,000 life policy for mortgage cover would present a simple case which is compatible with these medical disclosure systems. For a £1m income protection policy application, things get a bit more complex. These insurer systems have evolved and are evolving all the time. The bottom line is the scale of risk. The other thing is the systems themselves. Some medical issues are not straight forward and cannot just be tick-boxed and the problem is the more information yo...
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