Claims pay outs rise 25% for Reassured's customers

MetLife paid out to 692 customers

Jaskeet Briah
clock • 1 min read

Pay outs for life and critical illness (CI) claims increased 25% year-on-year for customers of life insurance broker, Reassured, which is up from a 37% rise in 2022.

Overall, payment figures hit £50m from across Reassured's core insurer panel last year, surpassing the 2022 total by over £10m, with a total of 1,235 claims paid out. An average of over 100 individuals and families per month saw their policy pay out across the year. Alongside its core panel, other business areas also saw claims growth, with MetLife UK paying out to 692 Reassured customers in 2023 for various causes, including hospitalisation and broken bones. Phil Jeynes, director of corporate strategy at Reassured, said: "Far beyond any awards or accolades, genuine consumer outcom...

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