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

Click2Check joins OPDA as drive for open property data gathers pace

Click2Check, a credit, anti-money-laundering and Open Banking provider used by financial advisers, mortgage intermediaries,...

The Mortgage Works cuts switcher rates for existing landlord borrowers

The Mortgage Works is lowering switcher rates by up to 0.20 percentage points across...

SmartSearch deepens Twenty7tec partnership with expanded ID verification tools

SmartSearch, the digital compliance and anti-money-laundering provider, is increasing the reach of its technology...

New Homes Mortgage Services buys Barron Financial Solutions to expand reach

New Homes Mortgage Services LLP has completed the acquisition of Barron Financial Solutions as...

Mortgage activity picks up in third quarter as FCA review reopens access debate

UK Finance’s third quarter Household Finance Review shows mortgage lending returning to growth after...

Latest publication

Other news

The buy-to-let market continues to defy expectations

Perception and reality are often mistaken for one another. That is especially true in...

Advisers are missing a clear chance to help clients with survey advice

For years, advisers have often seen surveys as something outside their core work. Some...

Click2Check joins OPDA as drive for open property data gathers pace

Click2Check, a credit, anti-money-laundering and Open Banking provider used by financial advisers, mortgage intermediaries,...