Aegon ups CI claims paid


Aegon paid 94% of critical illness (CI) claims in the first half of the year, a 3% increase on its overall result for 2010 (91%).

The provider saw cancer claims make-up more than two thirds (68%) during the first six months of 2011, also an increase over the whole of last year (61%). It added that 2.8% of claims declined were for non-disclosure while the remaining 3.2% were for not meeting the condition definition. Matt Rann, head of claims and underwriting at Aegon, said the increased number of claims being paid was a reflection on the development of its claims service. However, Rann noted that non-disclosure was still a problem. "Despite the improvement in the number of CI claims we are paying, I am disa...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes



Already a Professional Adviser member?


More on Critical Illness

Defaqto launches critical illness comparison tool

For Engage planning solution

Adam Saville
clock 12 February 2019 • 1 min read

Breast cancer still biggest cause of CI claims - Aegon

Group paid £56m in last decade

Adam Saville
clock 25 October 2018 • 1 min read

F&TRC rolls out age-banded critical illness analysis for advisers

Data from each insurer

Adam Saville
clock 27 September 2018 • 2 min read