Carriers settle £70mn of UK Covid-19 BI claims as final payments rise
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Carriers settle £70mn of UK Covid-19 BI claims as final payments rise

Ben Wylie
15 October 2021
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Coronavirus - Thu Apr 9, 2020

UK insurers settled £70mn ($96.3mn) of BI claims stemming from the Covid-19 pandemic in full over the last month, according to the latest monthly data from the Financial Conduct Authority (FCA) that shows an acceleration of final payments.

The regulator’s release disclosed that final settlements in respect of 1,783 claims had been agreed during the month to 5 October – a 20% increase on the previous month, when 1,482 claims worth £59mn in total were fully settled.

The...

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Topics

News Claims and losses Re/insurers
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Ben Wylie
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