Covid-19 BI claims payouts near £600mn following ruling: FCA
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Covid-19 BI claims payouts near £600mn following ruling: FCA

Samuel Casey
14 April 2021
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
Business closed sign Covid.jpg
Photo: Alamy

Insurers have paid out just under £600mn ($828mn) in final and interim payments for Covid-19 BI coverage subject to the ruling in the Financial Conduct Authority’s (FCA) test case on the issue.

The regulator said that initial payments of almost £248mn had been made in 2,898 unsettled cases, and £352mn had been paid in final settlements in a further 10,722 cases.

A

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsRegulation
sam casey 2024 ii red 2.png
Samuel Casey
Senior Reporter
Contact
Gift this article