Income protection provider paid 99% of new claims in 2023

Dentists' Provident, a leading income protection provider for the dental industry, paid out £5.2 million to members in 2023.

Their claims report for 2023 shows that 99% of new claims received a payment, compared to 99.1% in 2022. The largest amount paid to an individual claimant was £87,800 and whilst the majority of the claims paid were to those aged 46-55 years old, the youngest claimant was a 26-year-old dentist.

Simon Elliott, Chief Risk Officer of Dentists' Provident, said: ‘In 2023 our claims decreased, mainly due to fewer COVID related claims. In another year of change and challenge for the dental professions, we are pleased to have remained a source of stability and assurance to our members. Our high claim payment rate and low levels of complaints are a testament to the benefits of an integrated approach to underwriting and claims. By following a thorough underwriting process, we seek to minimise issues for our members when they really need us.'

The report shows that musculoskeletal disorders (23%), accidents (15%) and psychiatric disorders (13%) continued to remain as some of the most significant reasons for claims.

To find out more or read the full ‘2023 Claim statistics' report visit: www.dentistsprovident.co.uk.