Updated: Holloway Friendly calls for insurers to adopt standard approach to publishing claims stats

clock
Updated: Holloway Friendly calls for insurers to adopt standard approach to publishing claims stats

Holloway Friendly has called for the protection industry to agree and adopt a standard approach to publishing claims statistics.

The friendly society has published three claims paid statistics for 2016 across its income protection policies in a bid to highlight the multiple approaches used across the industry. Holloway Friendly said there are at least three methods used by the UK protection industry to publish claims statistics, all bringing "different results." The Holloway Friendly says its statistics for 2016 are as follows: ABI Method: 98% Friendly Society Method: 96% All Claims Counted Method: 90% ...

To continue reading this article...

Join Cover

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around Covid-19, regulation, diversity and mental health.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection