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European insurers paid out £2bn per day through 2013

A hand extended holding a bag of pounds - illustration

Insurers across Europe paid out an average of £2bn (€2.6bn) every day in claims and benefits through 2013, according to new figures from the European Insurance and Reinsurance Federation.

Insurance Europe said that a total of €952bn was paid out by firms across the continent over the 12 month period.

Of the total, €326bn related to non-life claims and benefits, with the remainder

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