Insurance is about compensation not enrichment

Insurance is about compensation not enrichment. It is not a lotto ticket for a windfall should an insurable event happen. The policy owner should not be in a financially better situation after the event. What insurance should be about is compensating for a likely loss...

60% increase in the cost of treating cancer patients

Reading in the Daily telegraph from London yesterday: A financial adviser, Mr Haefele from UBS believes that the focus for investors should be in emerging markets health care and above all oncology and immunotherapy, a sector which apparently has 300 clinical trials...

Health bill drawn from ballot

It is good news that the private members which seeks to provide a 25% tax rebate on health insurance costs for the over 65’s has finally been drawn from the ballot. The bill also tries to address the issue of encouraging self-insurance for health costs by removing the...

Some interesting facts on Male mortality rates

                                                                                 I think it is always interesting to look at the statistics around mortality rates in New Zealand to understand the real risks that need to be considered. Nobody consciously thinks about...