How has the delivery of group risk products and services been affected by the Covid-19 lockdown? The lockdown has forced all parties – brokers, employers, employees and insurers – to operate online,...
Group income protection is the fastest growing product line in group risk, increasing the number of employees covered by 7 per cent in 2019 to over 2.6 million employees, according to the...
Business protection insurance is failing to make significant inroads into SMEs, leaving hundreds of thousands of firms exposed in the event that a key individual dies, data from the latest Term Watch...
Mercifully, the fact that group risk providers don’t pay different rates of commission spares us from the brouhaha so prevalent in the private medical insurance (PMI) field, where commission rates can differ significantly...
The group risk industry paid a record £1.76bn amount in claims during 2019. New data published by Group Risk Development (Grid) showed that the total claims paid in 2019 rose by £75m...
A quarter of a million NHS staff who opted out of its defined benefit (DB) pension scheme only have life cover of £60,000 in the event of Covid-related death, and some non-front...
Unum is giving free access to its digital Help@hand health and wellbeing service during Coronavirus to firms with less than 100 employees. Between 1st May and 31st July, 2020 small firms that have a...
Furloughed workers will generally be considered to be employed under their prior terms of employment for group risk purposes, but the fine detail of precisely how payouts will work is yet to...
The Coronavirus pandemic is exactly the kind of situation that reinforces the value of group protection and the importance of using a quality, strong insurer with beneficial terms and conditions. As an...
A third of employers are failing to offer support for the physical wellbeing of staff, according to new industry research from Group Risk Development (Grid). The trade body pointed out such support...
