AMII could include protection advisers

clock • 1 min read

The Association of Medical Insurance Intermediaries (AMII) would consider expanding to include protection advisers it has revealed.

The body also said it was open to working with the protection industry to provide a stronger voice for all concerned.

Earlier this month at the COVER Forum, Michael Payne, general secretary of AMII, explained that with an increasing convergence between products in the two sectors it was important for intermediaries to be well represented.

"When you start looking at integrating products those sectors have to integrate and talk in one voice," he said.

"I don't think we would throw the idea of including protection out of the window. If you start seeing those products coming together we would like to come together in a protection group too.

"It's good to speak with one voice," he added.

Payne has also responded to earlier discussions about the need for a protection specific examination for advisers.
He noted the possibility of building from the success of the AMII and CII medical insurance examination, which has been welcomed by all parts of the private healthcare industry as a positive step.

"AMII has worked hard with the CII to produce a health insurance exam, and I think our ultimate aim as a market is to bring healthcare and protection together," he said.
"If we're going to start merging products like private medical and income protection then I think we need to start working together and a healthcare and protection exam would be ideal."

Roy McLoughlin, senior partner at Master Adviser voiced his disappointment at the present situation.

"We still haven't got an industry exam on protection and we've got this ridiculous, farcical situation where in two years time the RDR's coming in and we're all being told we have to do exams for things we don't advise on.
"Why is there not a protection exam?" he added.

 

 

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