The Association of British Insurers (ABI) believes a clear consensus has emerged surrounding its proposals to reclassify the Total and Permanent Disability (TPD) definitions.
With the Law Commission's reform of insurance contract law almost complete - is the industry ready for change? Will the new law reflect the current industry practice and last another 100 years, asks Gill Salton?
Total and Permanent Disability (TPD) is causing so much hassle in the industry, that this month Anthony Burpitt goes back to basics
Only one intermediary responded to the Association of British Insurers' (ABI) Total and Permanent Disability (TPD) definitions consultation period, the ABI has said.
In September the Financial Ombudsman Service (FOS) published company specific complaints data for the first time while the ABI has published company aggregated data.
The ABI reviews the statement of best practice on critical illness every three years. Given the high frictional costs associated with the change that the customer ultimately pays for, is it still correct that we should follow this strict path?
A proposal to aid low income families by speeding up life insurance payments is to be discussed by the ABI.
The ABI has said it intends to end Total and Permanent Disability (TPD) clauses, introducing set definitions. Will this add even further complication to Critical Illness (CI) policies?
An ageing workforce alongside ageing IT systems is a looming problem for the insurance industry. We must act now, says Tim Crossley.
Insurers are now paying out on more than 88% of critical illness (CI) claims as the industry battle to stamp out non-disclosure shows signs of success, according to LifeSearch.