By Georgina Fuller 3 May 2018.
Need to know
- Employers should make sure they are maximising all features of group risk benefits they offer.
- The benefits provided to employees must be communicated in a compelling and timely manner.
- Employers should also factor in employee sickness absence and the cost of sick pay.
Nearly 12.5 million employees were covered by group risk schemes by the end of 2017, according to the Group watch 2018 report published by Swiss Re in April 2018. The report found that there was a 3.1% increase in the number of people becoming members of group risk schemes last year, in comparison with 2016.
But how can employers measure the return on investment (ROI) on group risk benefits?
Please click here to view the full article