Group IP

While the UK’s productivity gap is a mammoth problem, the range of tools the group risk industry brings to employers to help tackle it is wide and varied. The tools that insurers...

The Government has called on group income protection (GIP) providers to develop cheaper, simpler products before demanding financial incentives, but insurers say they already meet the criteria it has set out. The...

The group risk sector offers valuable benefits to employers and employees but should do more product development to ensure the true value of group income protection is understood by them, minister for...

The scale of the challenge facing the group risk sector’s efforts to grow into new markets has been highlighted by research showing just 9 per cent of employees say they would value...

Younger women are significantly more likely to access group income protection for mental health issues than men, with a third of women claiming earning under £20,000, Unum’s claim statistics show. The figures...

Zurich paid out on over 97 percent of its new group income protection claims last year with employees benefitting from annualised payments averaging £37,900. Announcing its GIP claims rates for the first...

The Government should rethink its cut to bereavement benefits and employers should be given fiscal incentives to offer group income protection says Baroness Altmann. Altmann’s call for a rethink on bereavement benefits...

GIP insurer’s early intervention and rehabilitation services are now returning more than one in four workers back to work, according to industrywide group risk statistics published today. Group Risk Development’s GIP return...

Group income protection could be the key to promoting the Government’s aim of greater investment in employees’ health and wellbeing, Disability minister Penny Mordaunt MP told a debate in Parliament yesterday. Speaking...

A modest investment in a financial incentive for employers taking out group income protection would deliver the Government a substantial return says Zurich head of market management, corporate risk Nick Homer The...