Looking under the bonnet of claims stats

clock • 3 min read

British Friendly offers perspective on why claims are declined, what affects the decision and enters the debate of why continued publication is so important.

There's been much discussion in the protection industry recently around the value of the publication of claims statistics. In fact, some people wish it had never happened. So, it was good that many people, from advisers, journalists and some of the more forward-thinking insurers, have made it clear that disclosure of how many claims are paid out is absolutely the right thing to do. At the recent LifeSearch awards Tom Baigrie reinforced the importance of transparency around claims. In fact, he went so far to remind everyone that the claim is our core product. Well said Tom. Paying c...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

AI expected to reduce workforce for large private sector firms

AI expected to reduce workforce for large private sector firms

CIPD research findings

Patrick Brusnahan
clock 10 November 2025 • 2 min read
Two in five men unaware of cancer risk

Two in five men unaware of cancer risk

Bupa research findings

Jaskeet Briah
clock 07 November 2025 • 2 min read
One in five adults abandon the protection journey: AMI

One in five adults abandon the protection journey: AMI

47% abandoned the process after receiving a quote

Jaskeet Briah
clock 05 November 2025 • 3 min read