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Swiss Re call to axe cancer conditions

Swiss Re is calling on the Association of British Insurers to scrap two of the cancer conditions covered under its new critical-illness definitions so consumers cannot claim for them, Money Marketing understands.

The reinsurer is believed to have told the ABI that it wants the cancers to be taken out of the conditions covered before they come into force next April, warning that they could push up premiums by 1 or 2 per cent.

The definitions cover two types of rare myeloproliferative cancer disorders. Conventional medical evidence states these are pre-malignant conditions but they can become malignant and develop into conditions, such as Leukaemia.

The new definitions state that the consumer will only be covered if the condition becomes malignant but it is understood that Swiss Re does not want the conditions to be covered at all.

Swiss Re is expected to present its proposed chan- ges to the definitions later this month.

ABI protection committee chairman Nick Kirwan says: “This could be a case of doing nothing, issuing a clarification, amending the CI definitions’ guide or, only if absolutely required, amending the definition itself.”

Swiss Re head of client team, marketing and UK globals Peter Elliott says: “Like other members of the ABI committees, we provide regular and timely input and feedback on a range of subjects, including the definitions that form part of the ABI statement of best practice for critical illness.”

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