98% Insurance Payout – the Highest Ever
“Insurance companies don’t pay out anyway.”
Well, here’s the truth. In 2019, insurance companies paid out a staggering 98.3% of claims! The highest on record!
Here are the facts via an article from Cover Magazine:
“The insurance industry paid out more than £5.7b in protection claims in 2019 – a year on year increase of more than £470m – the yearly figures shows.
“The percentage of claims paid has risen to 98.3% – up from 97.6% last year – the highest ever on record.
“Over £3b in life insurance claims were paid in 2019 – up by more than £19m year on year.”