Final FCA monthly Covid BI claims update puts payout at £1.35bn
Insurers have made £1.05bn in final payments and £303.1m in interim payments.
The Financial Conduct Authority’s final monthly update on insurer payments to settle business interruption claims has revealed a total bill of £1.35bn.
This is up by £34.7m on the previous month’s figures.
The increase has taken final payments to £1.05bn with interim payments totalling £303.1m.
The regulator has been publishing the monthly updates for over a year since shortly after the Supreme Court rejected insurers’ appeals in the BI test case but has now called the process to a halt.
How
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
CII ups new gen programme spots to 60
The Chartered Insurance Institute has opened up entries to its New Generation Programme for emerging professionals across the UK, increasing the number of spots to 60.
Clear hires CFO as Money withdraws
Nathan Bavidge has been appointed chief financial officer at Clear Group following Tim Money’s decision to step down at the end of June 2026.
Liberty opens new proposition for retail sector
Liberty Specialty Markets has launched a bespoke proposition for mid to upper-midsized retail companies, flagging it is available via dedicated hubs in Manchester, Bristol and Dublin, supported by its London head office.
Aventum wholesale broker unveils underwriting platform Scriptus
Wholesale broker Consilium has launched a complex commercial binding facility, promising brokers no minimum or maximum turnover thresholds.
Ex-network MD Derbyshire joins Konsileo
Former network boss Dawn Derbyshire has joined Konsileo as head of commercial strategy.
JMG expands with Langton and Portsoken
JMG Group has bought Langton London Insurance Brokers and managing general agent Portsoken, Insurance Age can reveal.
Aviva reveals further rise in prevented ghost broking fraud
Aviva detected more than 105,000 fraudulent insurance applications in 2025, with a growing proportion of this activity linked to ghost broking.
Blog: When does optimism topple over into delusion?
The Biba Conference last month was a triumph, and the lyric that united every insurance conversation in the city was growth. But the unbridled optimism about growth almost always came with the bassline ‘have you heard about the crazy rating in the market?’ Emmanuel Kenning interprets the notes asking if maybe for once it really is time to shrink to greatness.