2020 was very much a unique year for Life and Illness Claims with thoughts of Covid often dominating conversations. Overall New Ireland paid out over €119 million in claims, a decrease on the 2019 figure when we paid over €129 million.
Our Claims 2020 brochure examines the statistics and reveals how Covid related issues has led to a noticeable drop in the number of claims registered in the second and third quarter of 2020, as people were reluctant or unable to avail of medical advice or closed diagnostic facilities.
For a deeper dive into our Claims and underwriting experience, we’ve recorded an on demand webinar, The impact of COVID on Claims 2020 & Underwriting, where Niall Concannon, Head of Broker Retail, David Hennessy, Claims Manager and Noel Finnegan, Chief Underwriter, discuss the impact of Covid whilst reviewing New Ireland’s 2020 Claims experience. Noel also updates brokers on the good news that we’ve reverted to underwriting as usual for individual Life, Specified Illness and Income Protection business.