Nuts and Bolts

clock

As the sector takes on more risk, Lee Lovett gives an insight into factors affecting the underwriting of group business.

The group risk market is now going through significant change having been fairly stagnant for some years. A number of these changes are positive, but is the market being realistic in the way it is pricing business? The underwriting process for group schemes has undergone significant change recently. The best example of this has been the move to scrap ‘forward underwriting bars’ and move to an approach where highly paid group scheme members are underwritten just once (when they enter the scheme or cover exceeds the free cover level for the first time). The member is then fully covered fo...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Guardian launches two critical illness products

Guardian launches two critical illness products

Focus on cost and quality

Cameron Roberts
clock 08 June 2026 • 2 min read
Kevin Carr on AI: I don't think we've even seen the tip of the iceberg

Kevin Carr on AI: I don't think we've even seen the tip of the iceberg

'The technology is evolving faster than many of us can imagine'

Kevin Carr
clock 13 May 2026 • 4 min read
Life insurance: Complexity vs cost and the confidence gap

Life insurance: Complexity vs cost and the confidence gap

Complexity and uncertainty create frustration for consumers and operational drag for advisers

Kevin Carr
clock 30 April 2026 • 4 min read