Pioneer reports claims payments up

Musculoskeletal and back injuries accounted for over 30% of claims down from 40pc in 2005. Operations at 16% and fractures at 11% were the next largest areas for claims. Pioneer chief executive Andrew Chapman said: “We believe that income protection should be a core product for the working population, however, the industry has a big job to do to raise awareness and, more importantly, build trust. By publishing our claims payment statistics we believe we are helping to meet these challenges and policyholders can feel confident that genuine claims will be paid.” Pioneer offers two income ...