Insurance association ends accord for fees

The Association of British Insurers has ended their arrangement with the British Medical Association on the fee paid for doctor reports and medical examinations. Currently, the agree rate of report between medical insurance companies and doctors is just under 90 pounds.

The ABI made the call to end the fee arrangement now rather than later. One health insurance industry expert said that the move will have some advantages.

Andy Milburn of Munich Re was reported as saying: We would prefer it if the GPR increases in price as a result of this so the industry starts relying on them a lot less and looks more towards wet signatures and tele-interviewing.

Meanwhile, director general of insurance and health at the ABI, Nick Starling, commented: In light of a review and legal opinion, we are withdrawing any obligation on members to honour this collective commitment. It is for individual members to decide how to go forward.