Providers are delaying the launch of 'new generation' critical illness plans

Critical illness (CI) providers have to stop waiting for their competitors to make the first move and be more proactive with product development if we are to see a new generation of products hit the market any time soon. Speaking at a question and answer session at the COVER Protection Forum, Richard Walsh, head of health at the Association of British Insurers (ABI), said a new strand of hybrid products that incorporate CI cover would be welcomed by the ABI. But according to Walsh, no providers are currently being brave enough to test the water. "If there is feeling in the industry tha...