Protection specialist Pioneer reveals 2007 claims

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Pioneer, the income protection provider, announced it paid 96% of all claims received in 2007, down very slightly from 96.89% in 2006.

Musculoskeletal and back injuries accounted for the most claims at 32.76% in 2007 against 30% in 2006. Operations at 14.55% and fractures 11.66% were the next largest areas of claim. A new category called Dental and Optical represented 8.09% of claims. While some claims increased from 2006 to 2007, others fell such as operations (from 16% to 14.55%) and Anxiety/Depression/Stress (from 6% to 4.68%). Pioneer chief executive, Andrew Chapman comments: "We believe that it is vital to publicise claims statistics to reassure policyholders and intermediaries of the importance and value of this ...

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