Based on the latest figures collected by the Financial Conduct Authority (FCA) from insurers impacted by the UK business interruption (BI) test case, a total of 22,680 claims have already been fully settled while interim payments are being made in 4,568 claims.
According to the FCA’s September update, here are the new claims statistics:
|
Firm name |
Number of BI claims for COVID-19 related loss that have been accepted |
Number of BI claims where the insurer’s claim validity decision is pending |
Number of BI claims where an initial or interim payment has been made |
Number of BI claims where full payment has been made |
|
Accredited Insurance (Europe) Ltd |
7 |
87 |
0 |
1 |
|
Ageas Insurance Limited |
36 |
32 |
3 |
36 |
|
Aioi Nissay Dowa Insurance UK Limited |
12 |
0 |
0 |
1 |
|
Allianz Global Corporate & Specialty SE |
6 |
0 |
1 |
5 |
|
Allianz Insurance plc |
2322 |
69 |
200 |
1953 |
|
Arch Insurance (UK) Ltd |
1244 |
69 |
1 |
869 |
|
Argenta Syndicate Management Limited |
1064 |
106 |
74 |
963 |
|
ArgoGlobal SE |
361 |
0 |
24 |
73 |
|
Aspen Insurance UK Limited |
6 |
6 |
0 |
0 |
|
Asta Managing Agency Ltd |
12 |
13 |
0 |
12 |
|
Aviva Insurance Limited |
1765 |
468 |
123 |
1066 |
|
AXA Insurance UK plc |
3135 |
87 |
515 |
1531 |
|
AXIS Managing Agency Limited |
3307 |
252 |
87 |
2754 |
|
AXIS Specialty Europe SE |
449 |
157 |
8 |
361 |
|
Beazley Furlonge Limited |
79 |
0 |
2 |
73 |
|
Brit Syndicate Limited |
31 |
0 |
0 |
13 |
|
Canopius Managing Agents Limited |
1380 |
12 |
503 |
481 |
|
Catlin Underwriting Agencies Ltd |
55 |
55 |
10 |
25 |
|
China Taiping Insurance (UK) Co Limited |
264 |
61 |
4 |
100 |
|
Chubb European Group SE |
91 |
0 |
11 |
12 |
|
Covea Insurance plc |
2797 |
146 |
41 |
2594 |
|
Coverys Managing Agency Ltd |
422 |
93 |
73 |
309 |
|
Ecclesiastical Insurance Office Plc |
38 |
0 |
7 |
13 |
|
ERGO Versicherung Aktiengesellschaft |
527 |
231 |
5 |
204 |
|
Fairmead Insurance Limited |
944 |
8 |
0 |
932 |
|
Faraday Underwriting Limited |
49 |
12 |
3 |
33 |
|
Great Lakes Insurance SE |
23 |
15 |
3 |
8 |
|
HCC International Insurance Company Plc |
6 |
8 |
0 |
1 |
|
HDI Global SE |
102 |
40 |
0 |
10 |
|
HDI Global Specialty SE |
659 |
334 |
320 |
66 |
|
Hiscox Insurance Company Ltd |
9599 |
2211 |
1859 |
2606 |
|
Hiscox Syndicates Ltd |
75 |
35 |
1 |
66 |
|
Liberty Mutual Insurance Europe SE |
61 |
0 |
0 |
56 |
|
Markel International Insurance Company Limited |
853 |
130 |
66 |
655 |
|
Mitsui Sumitomo Insurance Company (Europe) Ltd |
0 |
1 |
0 |
0 |
|
MS Amlin Insurance SE |
604 |
0 |
28 |
132 |
|
MS Amlin Underwriting Limited |
3237 |
0 |
163 |
1263 |
|
Navigators Underwriting Agency Limited |
0 |
0 |
0 |
0 |
|
QBE Europe SA/NV (UK Branch) |
54 |
0 |
0 |
3 |
|
QBE UK Limited |
2384 |
0 |
125 |
1030 |
|
QIC Europe Limited |
628 |
1 |
53 |
269 |
|
Royal & Sun Alliance Insurance Ltd |
2037 |
61 |
172 |
1302 |
|
Swiss Re International SE - UK Branch |
0 |
5 |
0 |
0 |
|
The Channel Managing Agency Limited |
7 |
12 |
0 |
7 |
|
The New India Assurance Company Limited |
869 |
284 |
38 |
392 |
|
Travelers Syndicate Management Limited |
4 |
5 |
0 |
0 |
|
XL Catlin Insurance Company UK Limited |
528 |
40 |
10 |
358 |
|
XL Insurance Company SE |
75 |
1 |
2 |
27 |
|
Zurich Insurance |
100 |
57 |
33 |
15 |
The aggregate value of the interim payments made amounts to £328,908,143, while for final settlements the sum currently stands at £696,244,085 – or nearly £1.03 billion, combined.
