Bright Grey and Scot Prov publish IP stats for the first time

clock

Bright Grey and Scottish provident have published income protection claims statistics for the first time.

Bright Grey paid out 13 claims in 2012 out of 16 totalling 81%; two claims did not meet the definitions and one was declined due to non-disclosure.

Scottish Provident paid out 38 claims of 44 received equating to an 86% pay-out. Two claims were declined because of non-disclosure and four did not meet the definitions.

Roger Edwards, managing director of the providers, said: "We were initially reluctant to publish because we did not have a book of business to produce figures that were statistically significant. But in the interest of transparency we wanted to get it all out on the table.

"Consumers may see the top line and think it does not look that positive, but we do most of our business with IFAs and if they fully understand the figures then they can pass on that understanding to their clients."

Friends Life is the last provider yet to publish IP claims stats.

Author spotlight

Nicola Culley

More on Income Protection

Half of homeowners believe income protection pays out on redundancy

Half of homeowners believe income protection pays out on redundancy

Misconceptions over the role of the state, employers and IP

Jaskeet Briah
clock 04 June 2026 • 2 min read
Shepherds Friendly partners with Primis

Shepherds Friendly partners with Primis

Income protection distribution

Jaskeet Briah
clock 21 May 2026 • 1 min read
Cirencester Friendly introduces minimum benefit guarantee for IP

Cirencester Friendly introduces minimum benefit guarantee for IP

Maximum of £1,500 a month

Jaskeet Briah
clock 12 May 2026 • 1 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read