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  • Adviser / Broking

Tony Müdd: It's all about the claim

‘A word of warning to providers’

Tony Müdd is divisional director, development & technical consultancy for St. James's Place Wealth Management
Tony Müdd is divisional director, development & technical consultancy for St. James's Place Wealth Management
  • Tony Müdd
  • 10 February 2021
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The Claims Charter, client case studies and more transparent provider data are what’s needed to change the perception of life insurers, writes SJP protection expert

Has it really taken a pandemic to convince people that life insurance should be an essential purchase rather than a grudge purchase? I think it has. The Association of British Insurers (ABI) released figures in August showed that in the three months ending 31 May, providers paid out nearly £980,000 per day in life claims with an average sum assured of around £63,000 per claim. Legal & General announced in December in the nine months to 1 December, they had paid a total of £42.6m from their...

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