The ITFA Muse reported on the Lloyd’s market published headline claims statistics as at June 2015. See ‘Focus on Insurance: Top Tips for Managing a Successful Claim by Katie Fowler and Carol Searle of Texel Finance Limited’ appearing in the ITFA Muse issue of May 2016.

Xchanging Claims Services maintain these statistics for the Lloyd’s market. Since then, as found in the member area of the ITFA website, the updated June 2016 statistics were made available to ITFA members.

ITFA is pleased to now make available to its members, the updated headline claims; statistics reflecting the position as at June 2017. To access the updated statistics (as at June 2017) members need to log onto the ITFA website. These statistics reflect claims paid by Lloyd’s Syndicates per year since 1997 up to 30 June 2017.  As before these statistics are recorded according to Lloyd’s risk codes. The relevant codes for non payment insurance are CF (Contract Frustration, the risk code for payment risks of public borrowers) and CR (Trade Credit risk, the risk code for payment risks of private borrowers).