Finding the path

Twenty years ago, if life underwriting had been referred to as part of a company's processing operation, it might have caused offence to some of the industry's leading technicians. Up until this time, underwriting had been portrayed for many years as something of a mystic art. Many of its proponents didn't feel the need to explain what it entailed because underwriting was seen as a profession in its own right. Twenty years ago however, a relatively small amount of protection business was actually written. Nigel Lawson's 1984 Budget, which removed Life Assurance Premium Relief (LAPR), w...