The number of people covered by corporate group risk policies increased by 3.3 per cent in 2018 – or almost half a million people – according to the latest sector report by Swiss Re.

The company’s latest Group Watch report showed that there were an additional 408,518 employees covered by group risk policies in 2018, bringing the total covered to almost 12.9m members.

The report shows that there were modest increase in long-term disability income policies (up by 2.2 per cent), critical illness policies (up by 4.8 per cent) and lump sum death-in service benefits (up by 4.7 per cent). However there was a more significant decline in the number of of members covered by dependants death in service benefits – with numbers decreasing by 29.7 per cent.

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