Scottish Widows pays out £208 million in claims during 2021

The insurer recorded a 1% year-on-year rise in annual claims paid out on from 2020's total of £206m, representing pay outs on more than 98% of all claims received. Scottish Widows paid 99.3% of life claims and 93% of critical illness claims last year, representing 9,035 and 1,391 claims respectively. Cancer was once again most common reason for critical illness claims (63.8%) and life insurance (29.6%). Most common cancer claims in men are for bowel cancer (14.7%), prostate (14.4%), mal...