The Exeter paid 91% of income protection claims in 2017

Healthcare and protection insurance specialist The Exeter paid 91% of income protection claims last year, a slight drop from 2016's figure of 94%. Total amount paid out for IP during 2017 was over £6m and musculoskeletal problems, fractured/broken bones and back conditions accounted for 58% of the claims. Last year also saw a 2% increase in mental health-related claims (now 7% and the fifth most common reason), which included stress, anxiety, depression and bereavement. Mutual benefit "We are proud to have paid 91% of claims received in 2017," Andy Chapman, chief executive of Th...