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.

Latest articles

Hodge signs Mortgage Industry Mental Health Charter

Hodge has signed the Mortgage Industry Mental Health Charter (MIMHC), committing the lender to...

Mortgage Charter support used by more than 300,000 borrowers since launch

More than 300,000 mortgage borrowers have reduced their monthly payments since the government’s Mortgage...

Mortgage debt hits record £1.73trn as high-LTV lending rises

The total value of outstanding UK residential mortgage lending reached a record level in...

Alps launches enhanced landlord protection product ahead of Renters’ Rights Act reforms

Alps has introduced an updated Landlord Legal Expenses and Rent Protection product designed to...

Paymentshield expands landlord insurance panel with addition of Arkel

Paymentshield has strengthened its Landlord Insurance panel with the appointment of MGA and underwriter...

Latest publication

Other news

Hodge signs Mortgage Industry Mental Health Charter

Hodge has signed the Mortgage Industry Mental Health Charter (MIMHC), committing the lender to...

Mortgage Charter support used by more than 300,000 borrowers since launch

More than 300,000 mortgage borrowers have reduced their monthly payments since the government’s Mortgage...

The protection gap that runs all the way up the ladder

The property ladder is usually talked about in terms of deposits, equity, and affordability...