Old Mutual Wealth releases 2016 life and CI claims stats

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Old Mutual Wealth releases 2016 life and CI claims stats

Old Mutual Wealth's protection business paid 100% of life claims for the seventh year in a row.

  This figure is above the industry average of 98.3%, according to the statistics released from the Association of British Insurers (ABI). For its Protect book, Old Mutual Wealth paid 92.3% of critical illness claims. For its Heritage book it paid 89% of claims.  Over 83% of critical illness claims were made for the top three conditions of cancer, heart attack and stroke, the insurer said. Across the Protect and Heritage books the average age of the claimant was 54 for women and 5...

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