![]() |
The protection specialist Bright Grey has announced that it paid out 91% of critical illness claims in the last 6 months of 2011. Just 2% of claims were declined for non-disclosure. The average critical illness payout was £82,000. Cancer remained the most common reason for a claim (55%), followed by heart attack (10%), stroke (10%) and multiple sclerosis (9%). Nearly half (47%) of claims were made by people who were 40 or under and the youngest claimant was just 23 years old having suffered a stroke. Roger Edwards, Proposition Director at Bright Grey said: "Over half of our claims were for cancer which might appear to be a frightening statistic. But the good news is that with better screening and earlier testing, more people than ever before are surviving the disease. For many, chemo and other treatment means taking months off work and this is where the money from a critical illness policy comes into its own - easing any financial worries so they can focus on getting better. "One consequence of better screening is that we are seeing more people being treated for earlier forms of cancer. So, last year we introduced two definitions that provide additional cover for ductal carcinoma in situ, an early form of breast cancer and low grade prostate cancer. "It is vital that we keep improving our critical illness cover to give clients even greater protection and to keep pace with medical advances." |
|
|
|
Calling all BPA analysts! | ||
North West / hybrid 50/50 - Negotiable |
Principal Actuary - Bermuda | ||
Bermuda - Negotiable |
Financial Planning & Analysis Actuary | ||
London/Hybrid - Negotiable |
Apply Your Doctorate to Technical Pri... | ||
Fully remote / nationwide / hybrid working options all available - Negotiable |
Senior Investment Manager | ||
London / hybrid - Negotiable |
P&C Consultant | ||
London / hybrid 3dpw office-based - Negotiable |
Senior Pricing Actuary | ||
London - £140,000 Per Annum |
Actuarial Pensions Manager | ||
Flex / hybrid 2-3 dpw office-based - Negotiable |
Financial Reporting in beautiful Bermuda | ||
Bermuda - Negotiable |
Principal Risk Analyst - island adven... | ||
Bermuda - Negotiable |
Make a difference within BPA Administ... | ||
North West / hybrid 50/50 - Negotiable |
GI Provisioning in the Public Sector | ||
London or Edinburgh / hybrid 3 dpw office-based - Negotiable |
Associate Actuary - Risk Transfer Con... | ||
Flex / hybrid 50/50 - Negotiable |
Assumptions Actuary | ||
London/Hybrid - Negotiable |
Senior Actuary | ||
London/Hybrid - Negotiable |
Senior Investment Trainee | ||
London or Edinburgh / hybrid 50/50 - Negotiable |
Pensions Manager | ||
Any UK office / hybrid 2 dpw office-based - Negotiable |
Actuarial Reserving Senior Manager | ||
London / hybrid - Negotiable |
Senior Actuarial Consultant – GMPe | ||
Any UK Office location / Hybrid working - Negotiable |
Senior Life Actuarial Consultant | ||
London / hybrid 3 dpw office-based - Negotiable |
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.