FCA data shows Covid BI claims payments now total £875.5m


Insurers have paid out a total of £875.5m in Covid-19 related business interruption claims since the conclusion of the test case, according to the latest data from the Financial Conduct Authority (FCA).

The watchdog detailed that providers had made initial payments for unsettled claims worth £308.9m and final settlements worth £566.6m as of 5 July 2021.

It noted that this means that 23,933 (5 June: 20,347) BI policyholders out of the 40,531 (5 June: 37,702) who have had claims accepted, had

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 [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: