Protection specialist Pioneer reveals 2007 claims

clock

Pioneer, the income protection provider, announced it paid 96% of all claims received in 2007, down very slightly from 96.89% in 2006.

Musculoskeletal and back injuries accounted for the most claims at 32.76% in 2007 against 30% in 2006. Operations at 14.55% and fractures 11.66% were the next largest areas of claim. A new category called Dental and Optical represented 8.09% of claims. While some claims increased from 2006 to 2007, others fell such as operations (from 16% to 14.55%) and Anxiety/Depression/Stress (from 6% to 4.68%). Pioneer chief executive, Andrew Chapman comments: "We believe that it is vital to publicise claims statistics to reassure policyholders and intermediaries of the importance and value of this ...

To continue reading this article...

Join Professional Adviser for free

  • 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

The return of redundancy cover – and why it's important

The return of redundancy cover – and why it's important

Standalone unemployment insurance is making a comeback

Kesh Thukaram
clock 02 April 2025 • 3 min read
PDG responds to FCA Pure Protection Market Study update

PDG responds to FCA Pure Protection Market Study update

Expanded terms of reference

Cameron Roberts
clock 31 March 2025 • 2 min read
FCA: Protection commission ban is potential 'extreme' market study outcome

FCA: Protection commission ban is potential 'extreme' market study outcome

FCA: 'We're going into this with an open mind'

Jaskeet Briah
clock 28 March 2025 • 3 min read