Advisers express criticism towards claims handling service levels

Findings from the Defaqto Protection Services Review 2023

John Brazier
clock • 4 min read

Defaqto’s annual protection adviser sentiment survey has found dissatisfaction over claims handing and administration levels among intermediaries is persisting.

According to this year's Protection Services Review, surveyed advisers once again ranked claims handling and administration as the most important service from protection providers, rated an average of 4.73 (out of five), followed by new business processing (4.69) and underwriting services (4.68). However, when compared against its weighted satisfaction score (75%), claims handling and administration was viewed as the most under-performing area under review by surveyed advisers, some 21 percentage points below par, indicating that "despite the industry's best efforts this is still an area...

To continue reading this article...

Join Professional Adviser

  • 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.

Join

 

Already a Professional Adviser member?

Login

More on Protection

Credit: Petr Magera, via Wikimedia Commons

A look at the parallels between Jeremy Clarkson and protection

Diddly Squat? Why protection has it's heart in the right place

Kevin Carr
clock 10 March 2023 • 3 min read
International Women's Day 2023: The ethnic gap in female diversity

International Women's Day 2023: The ethnic gap in female diversity

'This is a marathon and we've only just started the race'

Jaskeet Briah
clock 08 March 2023 • 7 min read
Sandringham Financial Partners adds iPipeline to tech proposition

Sandringham Financial Partners adds iPipeline to tech proposition

Integration hopes to increase aware of protection shortfalls

Jaskeet Briah
clock 03 March 2023 • 1 min read