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ABI AND GRID PUBLISH WHOLE INDUSTRY PROTECTION CLAIMS FIGURES

8 May 2017

The Association of British Insurers (ABI) and Group Risk Development (GRiD) have published claims figures for the whole protection insurance industry for 2016.

These show that insurers paid out £4.7bn to UK households in 2016.

Around £13m a day was paid out to support people who have protection insurance products such as life insurance, critical illness or income protection, latest figures from the Association of British Insurers (ABI) and Group Risk Development (GRiD) show.

In addition, virtually all protection insurance claims (97.3%) were paid in 2016.

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