John Downes and Niel Daniels of XL Re investigate the potential impact the smoking ban will have on policyholders
England will finally catch up with its neighbours when it introduces a smoking ban this summer. But, will it have an impact on protection business? Can we learn from countries that moved earlier? And could premiums for non-smokers increase due to the ban? Chapter 28 of the Health Act 2006, which will become law on 1 July 2007, will introduce a smoking ban in England. After this date, it will be illegal to smoke in any place designated as an enclosed public place. Similar legislation has already been enacted in the Republic of Ireland (March 2004), Scotland (March 2006) and Wales and North...
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