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Updated: May 5, 2021, 12:58 pm
(Dominic Lipinski/PA)
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The proportion of income protection claims triggered by mental health issues doubled in 2020 amid the coronavirus pandemic, according to an insurer.
More than one in four (27%) such claims were triggered by mental health conditions last year, compared with 13% in 2019, making it the most common cause of claim, according to data from Zurich.
It released the findings ahead of Mental Health Awareness week from May 10 to 16.
Around £1.7 million of payments were made to individual policy holders who claimed. Some sought clinical support as part of their policy for conditions including depression, stress and anxiety, Zurich said.
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Brokers have stated that they would be supportive of a flexible working charter for the broking industry.
This follows the news from last week that the Association of British Insurers (ABI) had launched its Making Flexible Work Charter in a campaign which it said aims to attract and retain the best talent from all backgrounds to the sector.
The ABI stated that firms that sign the charter commit to opening up the majority of their roles to flexible working, job sharing, and part-time working.
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It also said that the lockdown’s effect on driving tests had contributed to the fall. Hundreds of thousands of tests were cancelled, meaning fewer young drivers, who pay the highest premiums, took to the road. That has helped bring down the national average cost.
Laura Hughes, ABI’s manager of general insurance, said: “While the national lockdown during the period may have led to fewer road journeys, it is good to see that during the first quarter of the year motorists continued to get the best deals from a competitive motor insurance market. The next few months will see significant developments in the motor market, as we cautiously emerge from the pandemic, returning to more usual driving patterns, and with the introduction, at the end of May, of the official injury claims portal that will simplify the whiplash claims process, while ensuring proportionate compensation for genuine claimants.