Group risk industry publishes 2016 claims stats

The data found that a total of nearly £1.5bn was paid out by the Group Risk industry during 2016, a £100 million increase on 2015. This helped a total of 24,925 UK families maintain their household's financial resilience after the death, illness, accident or disability of a breadwinner. The claims paid rates were as follows across group risk products:   No. of claims Value of claims paid Average claim amount % of new claims paid for 2016 Group Life 9,337 £1,067m £114,239 99.7% Group Income Protection* 14,499 £358.7m pa ...