Stats › Active, passive and flows › Commission vs claims
Banks took 30 to 90 per cent of the premium on credit protection insurance while claims paid out under 30 per cent
Claims paid as a percentage of gross written premium. The three credit protection figures are averages for 2018 to 2020 from a thematic review of 174 insurers and 145 banks. The property figures are market wide for 2023 and 2024 and are shown only as a point of comparison. No source publishes a significance statistic with any of these.
The European insurance authority measured commissions paid to banks on policies sold alongside loans, and the claims those policies paid. Commissions ran from 30 to 90 per cent of premium depending on the loan type, against average claims below 30 per cent of premium.
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