The cost of living crisis means consumers want to be paid out faster after making an insurance claim, according to research by the Chartered Insurance Institute (CII).
The CII Public Trust Index, which gathers insight from consumers and SMEs, found that consumers also want to feel more in control during the claims process. The quarterly index detailed how faster claims processes ranked as the third-highest priority for consumers in July 2022, up from seventh-highest priority in July 2021. Meanwhile, consumers ranked control over the claims process as the sixth-highest priority over the same period. CII director of policy and public affairs Matthew Connell said: "The last time consumers felt this strongly was during lockdown in May 2020. Consumers...
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