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AMII approves amends to Defaqto ratings

Association of Medical Insurance Intermediaries

The Association of Medical Insurance Intermediaries (AMII) has welcomed changes to Defaqto's star ratings for private medical insurance. The ratings had met with criticism from the trade body for being misrepresentative.

 

AMII had expressed concern that the ratings could mislead consumers. AMII now feels that the ratings provide a more balanced assessment of the market.

 

Brian Walters of AMII says, “Defaqto was receptive to our concerns and keen to ensure that its ratings supported the recommendations made by specialist brokers. Working with Defaqto to refine the ratings was a constructive process and the results broadly reflect the reality of the individual private medical insurance market.The ratings reflect the comprehensiveness of products; they are not necessarily a mark of quality. Not everyone wants or can afford five-star cover; in many cases lower-rated products will perfectly meet an individual's demands and needs.”

Private medical insurance news: 23 March 2012