Corporate Adviser - Group Watch: Call for exemption as EGLPs lead sales surge

By John Greenwood 11 April 2018.

The group risk market grew across all product lines in 2017, with the number of excepted group life policies (EGLPs) now up 150 per cent since 2013, according to Swiss Re’s Group Watch report.

Long-term disability income premiums stood at £724m in 2017, up 6.3 per cent on the previous year, while death-in service premiums rose to £1.3bn, an increase of 4.3 per cent.

Group critical illness premiums topped the £100m mark for the first time ever, reaching £101m in 2017, an increase of 7.4 per cent.

The number of in-force EGLP policies increased by 14 per cent in 2013, while the number of EGLP members increased by 21 per cent to 782,674 people.Dependents’ death in service pension (DISP) policies and members both fell over the period.

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