European insurers paid out €2.9bn every day in 2018
European insurers paid out €1069bn (£953bn) in claims and benefits to insureds in 2018, according to figures gathered by Insurance Europe.
The sum is equivalent to €2.9bn being paid out every day and a 3.1% increase on the 2017 total.
The majority of payouts (58%) were life insurance benefits, with property and casualty claims
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