The Exeter records fall in Covid-related IP claims in 2021

Pay outs totalled £10.4m last year

John Brazier
clock • 1 min read
The Exeter records fall in Covid-related IP claims in 2021

The Exeter paid out a total of £10.4 million on income protection claims last year, an increase of 4% on its total in 2020.

Last year, the insurer's income protection claims statistics were dominated by Covid-19, which accounted for 32% of all new claims. In 2021, that figure fell to 21% and was a primary factor in The Exeter processing 1,318 new income protection claims during the year, a year-on-year decrease of 31% (2020: 1917). Overall, The Exeter paid out on 93% of total claims received last year. The statistics also show that the average age on The Exeter's newer policies was 37, which the insurer s...

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