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Length of time taken to settle BI claims worldwide 2016

This statistic shows the length of time taken to settle business interruption claims worldwide in 2016. During the survey, 33 percent of respondents said that it took one to two years to settle their most recent BI claim.

Length of time taken to settle business interruption (BI) claims worldwide in 2016*

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Sources

Release date

April 2017

Region

Worldwide

Survey time period

September 28 to November 17, 2016

Number of respondents

372 respondents

Special properties

global BI experts from leading underwriters, accounting firms and brokerages

Method of interview

Online survey

Supplementary notes

*The respondents were asked specifically about their most recent BI claim.
This question was phrased by the source as follows: "how long did it take to settle your most recent BI claim?"

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