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HI Daily - Group risk industry paid out £1.6bn in claims in 2017

Almost 5,000 people were helped back to work after sick leave.

The group risk industry paid out a total of £1.6bn in claims in 2017, a £120m increase on 2016 and equivalent to £4.43m every day.

The data compiled by industry trade association Group Risk Development (GRiD) reveals 25,906 UK families were helped to avoid financial hardship after the death, illness, accident or disability of a loved one.

In addition, 4,944 people were helped back to work by group risk insurers after a period of sick leave, and a further 7,879 people were assisted through referrals to help and support funded by group risk insurers.

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