Why annuity underwriting requires more detail

clock • 4 min read

In this head-to-head, Stephen Lowe gives his view on why detailed underwriting delivers better outcomes

Simple solutions can have some appeal but rarely stand up to more detailed scrutiny. In the enhanced annuity market we can point to ‘shallow' underwriting - in contrast to the ‘deep' alternative - as a symbol of the perils of oversimplification. It is six years since the key players in the enhanced annuity market started working together to replace the relatively simple medical questionnaires with an industry standard Common Quotation Form for gathering health and lifestyle information. ‘Shallow' was deemed obsolete in a market quickly moving from niche to mainstream. That makes its r...

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 uncategorised

Scotland Investment Roadshow 2024: Last chance to join PA in Edinburgh and Glasgow

Scotland Investment Roadshow 2024: Last chance to join PA in Edinburgh and Glasgow

The Scotland Investment Roadshow kicks off next week

Professional Adviser
clock 18 September 2024 • 2 min read

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •