The Exeter paid 94% of claims last year

Published on

Protection specialist the Exeter has revealed that it paid 94% of income protection claims in 2015.

Accidents, injuries, back and musculoskeletal problems accounted for almost 60% of paid claims.

Of the 6% of claims that were declined, 4% were for non-disclosure and 2% were due to the claimant still being able to work in their own occupation.

Andy Chapman (pictured), the Exeter‘s chief executive, said: “We have a proven track record of delivering on our promise to customers. We were the first insurer to publish our claims statistics in 2005 and have recorded consistently high figures year on year.

“Publishing claims statistics is a key factor in building consumer confidence in protection insurance. I am delighted that we are becoming a more open industry, committed to helping customers when they need protection the most.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

[tds_create_account btn_bg_h="#000000" f_text_font_family="global-2_global" show_version="" tdc_css="eyJhbGwiOnsiYm9yZGVyLXJhZGl1cyI6IjUiLCJkaXNwbGF5IjoiIn19"]

Latest articles

House price fall fails to solve first-time buyer deposit barrier

Millions of working renters remain unable to buy their first home despite UK house...

Mortgage Mogul targets growth with high street move

The Mortgage Mogul is targeting further growth after establishing a high street presence in...

AFM backs Law Commission proposals to modernise friendly society legislation

The Association of Financial Mutuals (AFM) has welcomed the Law Commission's final report on...

Knowledge Bank records 6,800 lender criteria changes in August

Knowledge Bank recorded more than 6,800 changes to lender criteria during August, the highest...

Conveybuddy appoints Chris Smith as regional director

Conveybuddy has appointed Chris Smith as regional director for London and the South East...

Latest publication

Other news

House price fall fails to solve first-time buyer deposit barrier

Millions of working renters remain unable to buy their first home despite UK house...

Mortgage Mogul targets growth with high street move

The Mortgage Mogul is targeting further growth after establishing a high street presence in...

The new Chancellor wants to remove barriers to growth; he should start with housing

There was probably a degree of unintended irony in the Treasury choosing to call...