The cost of living crisis means consumers want claims to be paid out faster, 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. Matthew Connell, director of policy and public affairs for the Chartered Insurance Institute, commented: "The last time consumers felt this strongly w...
To continue reading this article...
Join COVER for free
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.