Data from nine members of AFM indicates "higher than the industry average" stats from mutual insurers
The Association of Financial Mutuals (AFM) has revealed that nine of its members that offer income protection paid out over £22m in claims to 4,950 policyholders in 2017 - 93.7% claims received compared to the 84.7% figure for mutual written IP reported by the ABI for 2016. The nine members include British Friendly, Cirencester Friendly, Dentists' Provident, DG Mutual, The Exeter, Holloway Friendly, PG Mutual, Shepherds Friendly and Wiltshire Friendly. "Our survey of nine income protection...
Group life, critical illness and income protection business bought from Munich Re
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Rising cost of living and poor savings putting extra pressure on households