Covid impact revealed in life companies’ claims data
May 22, 2021
2 minutes
MARTIN HESSE
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LIFE insurance claims statistics for 2020 released this week by Liberty and Old Mutual reveal how Covid-19 has disrupted normal business between life insurers and consumers, directly and indirectly.
Old Mutual paid out 22% more on claims for its underwritten risk products (way above its average 9% year-on-year increase), with a rise in claims related to respiratory illness and a rise
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