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Medical insurance outdated
05 July 2007
Changing health and lifestyle trends mean that a traditional approach to underwriting health and employment-related risks is no longer adequate, says Susan Ring, chief executive of Unum, UK.
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[Medical insurance]
[underwriting]
[risks]
[susan ring]
[unum]
[claims]
[health]
[lifestyle]
Changing health and lifestyle trends mean that a traditional approach to underwriting health and employment-related risks is no longer adequate, says Susan Ring, chief executive of Unum, UK.
While the population as a whole is becoming physically healthier, there has been a shift in claims trends from physical claims to claims for subjective conditions, such as anxiety, depression and stress.
"What this means is that the traditional approach to medical underwriting, looking at medical and family history, is just no longer relevant," says Ring. "What we're seeing is that the health of an individual is more likely to be influenced by personal psychological factors and the social context within which people are working. So underwriting based on lifestyle...
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