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

The Cambridge lifts LTV on expat and holiday let buy-to-let mortgages

The Cambridge Building Society has increased the maximum loan-to-value on two specialist buy-to-let ranges...

Direct authorisation retreats as networks consolidate their grip on advice market

New FCA data points to a widening structural divide between directly authorised firms and...

Early January sees sharp rise in demand for home mover services

Demand for home mover services jumped sharply in the first half of January, with...

Coventry targets energy-efficient buy-to-let with new intermediary range

Coventry for intermediaries has launched a new range of buy-to-let products aimed at landlords...

Brokers urge stronger borrowing education as near-prime demand grows

Brokers are calling for greater investment in financial education after reporting a sharp rise...

Latest publication

Other news

The Cambridge lifts LTV on expat and holiday let buy-to-let mortgages

The Cambridge Building Society has increased the maximum loan-to-value on two specialist buy-to-let ranges...

Direct authorisation retreats as networks consolidate their grip on advice market

New FCA data points to a widening structural divide between directly authorised firms and...

Early January sees sharp rise in demand for home mover services

Demand for home mover services jumped sharply in the first half of January, with...