Article preview: A common misconception about insurance is that companies look for any excuse to decline a claim. The reality couldn’t be further from this myth, with insurers consistently paying out an incredibly high proportion of claims. During the Covid-19 pandemic, insurers received around 7,000 life insurance claims, leading to payments of £90 million to those families who lost loved ones at the height of the crisis.
How did insurers respond to the Covid-19 pandemic?
This 307-word blog post looks at the latest figures from the Association of British Insurers, confirming that 100% of life assurance claims made during the Covid-19 pandemic were accepted. Written on 13th August 2020.
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