Holloway Friendly issues 'transparent' claims report

Mental health claims up 71%

Adam Saville
clock • 1 min read

Income protection provider paid 94% of claims in 2019 and benefits totalled £2.4m

The amount paid out last year by the mutual was £1.5m more than in 2018, which is an increase of 60%. Stuart Tragheim, Holloway's CEO said: "We are delighted to have helped 633 Members and their families in 2019. The causes of claim were consistent with our experience in 2018, being accident & injury (36%), musculoskeletal (23%), mental health (12%), surgical procedures (6%) and viral illness (5%)." In a bid to increase industry transparency, Holloway Friendly has published a claims report to explain why 6% of its claims were not paid. According to the report, 25 claims of its 43 u...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • 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 Income Protection

Aviva expands AI underwriting to income protection

Aviva expands AI underwriting to income protection

Summarisation of medical reports

Jaskeet Briah
clock 30 September 2026 • 1 min read
IPAW 2026: Rethinking income protection for modern working lives

IPAW 2026: Rethinking income protection for modern working lives

AI in advice

Jaskeet Briah
clock 25 September 2026 • 4 min read
IPAW 2026: Claims stories and adviser skills

IPAW 2026: Claims stories and adviser skills

"We've got to get it right at that moment"

Jaskeet Briah
clock 24 September 2026 • 4 min read