Actuarial Post - ABI & GRiD publish whole industry protection claims figures

The Association of British Insurers (ABI) and Group Risk Development (GRiD) have published claims figures for the whole protection insurance industry.

These show that insurers paid out more than £5bn last year to help people through difficult times. Products such as life insurance, critical illness cover and income protection, bought by individuals or employers protecting their staff, can help families cope with financial strains following a life changing event.

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