“The IFoA E-cigarettes Working Party was set up to try to answer how the industry should approach pricing and underwriting for e-cigarette users. To understand the risks of e-cigarettes we needed to consider a few key points: How to satisfactorily underwrite to differentiate between types of smokers – smokers, ex-smokers, dual-users, never smokers. Ideally, we need data that is split by the different types of e-cigarette users – most notably dual-use (e-cigarettes alongside tobacco) versus ex-smokers who are using e-cigarettes to help them quit. This becomes a complex problem when we further allow for factors such as ‘proportion of e-cigarette vs tobacco usage’ in dual-users, or ‘period since quitting tobacco use’ for ex-smokers. If we are to potentially charge less for e-cigarette users, it’s essential to be able to accurately identify what types of cigarettes are used. There seems to be a growing consensus among medical experts that the risk will be lower than the risk associated with traditional tobacco use. Some medical experts we have consulted were initially quite wary but have joined the ‘positive camp’ recently.”
ARTICLE LINK:
Smoke signals: The risk profile of e-cigarette users
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