Unum pays out £395 million in claims during 2022

Cardiac claims up 29%

Jaskeet Briah
clock • 5 min read

Group protection and employee benefits provider Unum UK has announced total claims pay outs of £395 million last year, up 8% from £366m in 2021.

Cancer was once again the most common cause for claims across all of the provider's group risk products, accounting for 69% of Group Critical Illness (GCI) claims, 36% of Group Life Insurance (GLI) claims and 32% of Group Income Protection (GIP) claims. Last year, the number of cancer claims increased 27% to 560 from 440 year-on-year for GIP, while it grew 36% for GCI claims to 296 from 217 and 13% for GLI to 299 from 265. Overall, GCI claims experienced the largest increase in pay outs, rising 31% to £34.7m. The primary reasons for GCI claims have remained the same yearly with cancer...

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