Providers stall on CI definition adoption

The definitions were introduced in April this year and the ABI said at the time it wanted insurers to adopt the changes “as soon as is practical” and at the latest by April 2007. Nick Kirwan, head of the ABI’s protection committee and protection market director at Scottish Widows, said earlier this year: “I hope insurers will want to adopt [the statement] as soon as they can because consumers want it and awareness depends on everyone using it.” Progress from Royal Liver was the first provider to launch a traditional critical illness (CI) product incorporating the standards in October, whi...