Follow us on:

CloseClose

Cover Magazine - 97.8% of all group and individual claims paid in 2017

By Adam Saville 30 April 2018.

'Record' £5bn in total pay-outs for last year and £1.6bn paid out for group risk, according to ABI and GRiD.

Another ‘record-breaking' year has been recorded for the protection industry, as figures from Association of British Insurers (ABI) and Group Risk Development (GRiD) reveal a total of £5bn in claims paid in 2017 - an increase of more than £340m on last year.

The total percentage of claims paid for the year was 97.8% and £13.9m was shelled out for income protection, critical illness cover and life assurance.

Please click here to view the full article.

Join now

If you are active in the group risk market and would be interested in gaining a greater share of voice and working more closely with your contemporaries in the industry please get in touch by completing this page.

Benefits of membership:

A STAKE IN POLICY

A STAKE IN POLICY

The opportunity to influence group risk policymaking.

VALUE BY ASSOCIATION

VALUE BY ASSOCIATION

GRiD is a respected voice in the protection sector – as such, membership enhances the status of member organisations.

ACCESS TO EXCLUSIVE INFORMATION

ACCESS TO EXCLUSIVE INFORMATION

Privileged access to output from the various working groups, including consultation responses, regulatory updates, employer research and pan industry claims data. GRiD members also gain exclusive access to industry speakers at member meetings.

Please enter your details:

Member register
  •     Already a member? Please login.