The Association of British Insurers (ABI) has defended its decision not to attend the launch of a white paper on the income protection (IP) market, an absence described as "embarrassing".
Assistant director Nick Kirwan says the launch clashed with the trade body's annual protection development committee meeting, adding he would otherwise have attended. Speaking at the launch, Roy McLoughlin, a member of the Income Protection Task Force (IPTF) and a co-author of the white paper, was critical of the ABI's non-appearance while other members, including Clive Waller, also voiced their displeasure. The paper, the second launched by the IPTF, aims to promote what it calls "genuine" IP and seeks to propel the product to the front of consumers' and advisers' minds. But Kirwan s...
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