The insurance industry paid out more than £6.2 billion in protection claims during 2020, a year-on-year increase of more than £438 million, annual figures show.
The percentage of claims paid has stayed largely consistent at 98%, compared to 98.3% in 2019, which was the highest on record. The data from the ABI and GRiD showed that more than £3.4bn in life insurance...
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