Industry News
Genetic test moratorium should be extended
Industry Insurance News - Published: 11/10/2007
The moratorium on insurance companies using results from genetic tests to calculate premiums should be extended, a leading industry body has claimed.
Jonathan French, of the Association of British Insurers (ABI), says that the ban, which will be reviewed in 2011, protects those seeking a genetic test for health reasons from possible repercussions from their insurer.
These results would primarily be used for calculating life and health insurance premiums - but could also affect car and motor insurance levies.
"The current moratorium is in existence until 2011," Mr French, assistant director of media relations for the ABI, commented.
"There is a review process which happens three years prior to the end of the period, so the review will actually take place next year. I wouldn't want to pre-empt the outcome of that review, but from the insurance industry's perspective the outcome that we want is that the moratorium will be extended."
Jonathan French, of the Association of British Insurers (ABI), says that the ban, which will be reviewed in 2011, protects those seeking a genetic test for health reasons from possible repercussions from their insurer.
These results would primarily be used for calculating life and health insurance premiums - but could also affect car and motor insurance levies.
"The current moratorium is in existence until 2011," Mr French, assistant director of media relations for the ABI, commented.
"There is a review process which happens three years prior to the end of the period, so the review will actually take place next year. I wouldn't want to pre-empt the outcome of that review, but from the insurance industry's perspective the outcome that we want is that the moratorium will be extended."
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