{"id":32698,"date":"2016-03-15T23:44:17","date_gmt":"2016-03-15T12:44:17","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=32698"},"modified":"2016-03-16T07:17:36","modified_gmt":"2016-03-15T20:17:36","slug":"the-case-for-standard-trauma-definitions-your-say","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2016\/03\/15\/the-case-for-standard-trauma-definitions-your-say\/","title":{"rendered":"The Case for Standard Trauma Definitions &#8211; Your Say"},"content":{"rendered":"<div id=\"polls-159\" class=\"wp-polls\">\n\t\t<div class=\"pollHeader\"><strong>Do you support the concept of standardising key definitions in trauma insurance products?<\/strong><\/div><div id=\"polls-159-ans\" class=\"wp-polls-ans\"><ul class=\"wp-polls-ul\">\n\t\t<li>Yes <small>(64%)<\/small><div class=\"pollbar\" style=\"width: 64%\" title=\"Yes (64% | 160 Votes)\"><\/div><\/li>\n\t\t<li>No <small>(31%)<\/small><div class=\"pollbar\" style=\"width: 31%\" title=\"No (31% | 76 Votes)\"><\/div><\/li>\n\t\t<li>Not sure <small>(5%)<\/small><div class=\"pollbar\" style=\"width: 5%\" title=\"Not sure (5% | 13 Votes)\"><\/div><\/li>\n\t\t<\/ul><div style=\"text-align: center\"><\/div><\/div>\n\t\t<input type=\"hidden\" id=\"poll_159_nonce\" name=\"wp-polls-nonce\" value=\"be0a974127\" \/>\n<\/div>\n\n<p>Taking inspiration from the <a href=\"http:\/\/www.theriskstore.com.au\/\" target=\"_blank\">risk store&#8217;s<\/a> <strong>Sue Laing<\/strong>, and mindful of recent events, we&#8217;re asking you the same question we did seven years ago, namely whether you think there&#8217;s a case for standardising trauma insurance definitions.<\/p>\n<p><!--more-->As you consider this question, click through to our article from this week in which Laing renews her call for the industry to consider this path (see: <a href=\"https:\/\/riskinfo.com.au\/news\/2016\/03\/15\/industry-expert-renews-call-for-standard-trauma-definitions\/\" target=\"_blank\">Industry Expert Renews Call<\/a>&#8230;).<\/p>\n<p>Meanwhile, the risk store founder, who boasts an extensive life industry pedigree, considers and addresses three critical issue in relation to this question, drawing on the UK experience:<\/p>\n<h6>&#8230;the [UK] insurers\u2019 association suggested a minimum rather than actual standardisation<\/h6>\n<ol>\n<li>The industry position that \u201cThere is no need for standardising definitions as the definitions are so close now.&#8221; Laing&#8217;s response: &#8220;If they are so close, take that tiny step further and align them to a minimum and remove any doubts for advisers and consumers.&#8221;<\/li>\n<li>The &#8216;nay-sayers&#8217;: &#8216;This would remove our competitive advantage.&#8217; Laing: &#8220;&#8230;the [UK] insurers\u2019 association appreciated the concerns from a marketing point of view and suggested a minimum rather than actual standardisation.<\/li>\n<li>&#8216;Who is going to choose the wording we are meant to agree with?&#8217; Laing: &#8220;One of the strengths of the UK outcome was that they engaged the experts for a change and went outside the industry&#8230; Here, we would emulate that by utilising the expertise of the Heart Foundation and the Stroke Foundation, the Cancer Council, the MS Society etc<\/li>\n<\/ol>\n<p>While we&#8217;re simplifying what is and will always be, a complex issue, the gauntlet has nonetheless been thrown. Do you wish to pick it up and run with it? Tell us what you think, and next week, we&#8217;ll report your feedback and how that compares to the same question we asked you seven years ago&#8230;<\/p>\n<p><em>Sue Laing is also asking the same question on the risk store&#8217;s <a href=\"http:\/\/www.theriskstore.com.au\/\" target=\"_blank\">website<\/a>, where the challenge is: As an industry professional, do you support there is a basis for developing minimum standard definitions of the key trauma events in the Australian market?<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Taking inspiration from the risk store&#8217;s Sue Laing, and mindful of recent events, we&#8217;re asking you the same question we did seven years ago, namely whether you think there&#8217;s a case for standardising trauma insurance definitions.<\/p>\n","protected":false},"author":3,"featured_media":32744,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,49,4],"tags":[4247],"class_list":["post-32698","post","type-post","status-publish","format-standard","has-post-thumbnail","category-compliance-regulation","category-polls","category-products","tag-feature"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/32698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=32698"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/32698\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/32744"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=32698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=32698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=32698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}