Group critical illness claims stats differ from those for individual CI for good reason says Ellipse CEO and Group Risk Development (Grid) chairman Lee Lovett.
As many are aware, Grid has been a forerunner in publishing annual claims statistics for the group risk market, which we have done for the last 7 years, the most recent stats being released in April 2016 for the 2015 calendar year. These are published together with a more detailed analysis for our members on the cause of claims and an explanation of claims that are declined.
There has been some commentary on how the group critical Illness (GCI) claims paid compare with the claims paid by the individual CI market – we believe it would be helpful to address this.
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