FCA highlights some good practice in life insurance claims processes
The Financial Conduct Authority (FCA) has highlighted some of the good practices found in its review of the bereavement claims ...
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Tag: claims
FCA slams life insurance claims processes and demands significant improvements
Life insurers have been told to settle death claims quicker and improve how they monitor claims times or face further ...
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Record 6.2 million people covered by PMI as claims soar 21% to £3.57bn – ABI
A record total of 6.2 million people were covered by private medical insurance (PMI) through individual or retail policies last ...
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Insurers paid out record £7.34bn in individual and group protection claims
Insurers paid out a combined record of £7.34bn in protection claims last year, according to figures from the Association of ...
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Guardian pays £15m in claims including two before policy in-force
Guardian insurance paid more than £15m in protection claims in 2023 including 100% of life and terminal illness (TI) and ...
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Legal & General pays total group protection claims of almost £350m
Legal & General paid total group protection claims of almost £350m in 2023. That included £249.4m in group life assurance, ...
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