Industry reaction: ABI issues minimum standards for CIC

Earlier this week we published the details of the Association of British Insurer's (ABI) ‘Guide To Minimum Standards for Critical Illness Cover', which saw the removal of HIV and terminal illness as model definitions, exclusion of early stage thyroid cancer and adaptation of "loss of hand or foot" to one limb rather than two. The document replaces the ABI's ‘Statement of Best Practice for Critical Illness Cover' guidelines published in 2014. "I'm supportive of the new simple and practical ABI approach as it replaces a lengthy document that other than its true triennial review was rare...