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New company aims to contest underwriting

A firm which appeals on underwriting decisions from providers on behalf of IFAs is launching and will be providing training for advisers on underwriting practices.

Underwriting Solutions charges an admin fee of £30 to IFAs and will take 15 per cent of commission based on the initial premium that was quoted before the loading.

The firm has been set up by a team of life and disability underwriters and offers a variety of services to advisers and networks but specialises in appealing adverse underwriting decisions.

It will review the underwriting of a case and present an argument for the life office to review the terms . It will also appeal against a decision and negotiate a reduction in the premium. Other services include initial underwriting, a phone advisory service on underwriting for IFAs and training.

Director Mark Harris says: “We feel this is an invaluable, innovative concept that will benefit everyone concerned and increase completion ratios.”

CBK principal Peter Chadborn says: “I can see the value in the training on underwriting. But offering initial underwriting and appealing decisions is something we probably would not see value in. Margins are tight in protection and we would want to keep control of our cases.”


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Sub-Saharan Africa Near-Term Outlook

By Paul Caruana-Galizia, Neptune Economist

Sub-Saharan Africa’s economic renaissance continues. After growing at an average rate of five per cent over the past decade, the IMF projects an acceleration to 5.5 per cent growth among Sub-Saharan economies in the next two years, as developed economies emerge from the crisis. We expect this growth to be sustainable for three broad reasons.


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