Insurers that withhold information are disadvantaging consumers, says Biba
The British Insurance Brokers' Association (Biba) has announced it is to push for a review and eventual cessation of limited availability of authenticated claims data in the health insurance sector - a situation, it says, is a "restricted practice which limits consumer choice". Peter Staddon, head of technical services at the body, said the organisation had valid concerns over how insurers could assess risk when they were prohibited from seeing a client's claims data. He said: "Biba's Healthcare Focus Group has met with a number of insurers to discuss the matter further, including the m...
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