ABI considers reform of disclosure process

clock

The Association of British Insurers in consulting life office officials over the handling of medical disclosure requirements after the Financial Ombudsman Service ruled in favour of a customer who failed to tell insurers about treatment for a lump.

A recent decision by the FOS found in favour of a complainant who had bought a critical illness policy but failed to tell the insurer about consultations they were having after the discovery of a lump, and subsequently found the insurer would not pay out. Such a move from the FOS has forced insurers to look again at the questions asked of consumers when purchasing protection products, who is best placed to answer those questions about a person’s health and under what conditions the question was asked. As a result, the ABI is consulting the life sector on potential reforms for the hand...

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

FCA Pure Protection Market Study interim report delayed to 2026

FCA Pure Protection Market Study interim report delayed to 2026

Quantitative Outputs published

Cameron Roberts
clock 12 December 2025 • 4 min read
FCA to simplify insurance rules to 'support growth and innovation'

FCA to simplify insurance rules to 'support growth and innovation'

Further reviews waiting in the wings

Cameron Roberts
clock 09 December 2025 • 2 min read
Budget 25: The protection and health headlines

Budget 25: The protection and health headlines

NHS, welfare reform, NI, economic inactivity and more

Cameron Roberts
clock 27 November 2025 • 2 min read