Research from Association of Financial Mutuals (AFM) shows paid claims volume increase 39% in two years
The data shows that 95.1% of income protection (IP) claims were paid across AFM members last year, an increase from 94.4% in 2018. This compares to the 88.1% of all income protection claims paid reported by the Association of British Insurers (ABI) in 2018. The research, which includes findings from 10 member organisations offering IP, shows that they paid out more than £26m in claims to nearly 7,500 policyholders in 2019. It also found that, like-for-like, the volume of claims paid across AFM...
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