Life insurance broker Reassured has revealed its customers received total pay outs of over £40.2 million from providers last year, jumping from £29.4m in 2021.
Data from Reassured revealed that a total of 1,107 payments were received for life and critical illness insurance claims in 2022, compared to 973 pay outs the year prior. AIG Life accounted for most of the pay outs to Reassured's customers at £18.3m, followed by Legal & General (L&G) which paid out over £12.4m. Meanwhile, MetLife paid a total of over £500,000 to date, Reassured stated. The broker is also experienced increased pay outs for claims across other business lines it noted, following Reassured's expansion plans to further its reach to customers and offer protection to a numbe...
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