Doctors to dictate premiums

In the near future, protection premiums are going to be set less by the actuarial profession and more by the medical profession, according to reinsurers Swiss Re. Speaking at an industry lunch, Mark Johnson, director of client markets, Europe, at Swiss Re, forecasted that the protection industry would increase its dialogue with the medical profession. He said: "If you think of it, a medical breakthrough would have a mass impact on protection markets. For example, obesity is a problem affecting insurers but what would the mass use of statins for those over a certain age, as has been sugges...