Press release 15 April 2019.
Commenting on Group Watch 2019, Swiss Re's latest annual report analysing the group risk market, Katharine Moxham, spokesperson for Group Risk Development (GRiD) said: "We’re very pleased to see that 408,500 more employees are now enjoying the financial peace of mind that group risk protection benefits bring.
“As supporting the health and wellbeing of staff, and, in particular, mental wellbeing, moves up the workplace agenda, employers are increasingly looking for help in how to do this, and a lot of the answers can be found in group risk protection products. The inherent support services that come with them significantly extend the reach of the help employers can give to their people.
"It is disappointing, however, that employers say that uncertainty around Brexit is holding them back from implementing group risk protection products. Workers still need a means of protecting their household's financial position against unexpected death, disability, injury or illness, regardless of politics. We would urge employers to look at what's going on alongside Brexit negotiations, where increasingly, Government is looking to employers to help meet its ambitions for a healthy and inclusive workforce, and those employers that utilise the benefits within group risk are in a much better position to meet Government’s expectations around ‘good work’, especially for mental health."
- Ends –
For further information please contact:
SMUK Marketing and PR
Mob: 07747 611773
Land: 01252 843350
Spokesperson for GRiD
Mob: 07887 512508
Notes for editors
Group Risk Development (GRiD) is the industry body for the group risk protection sector, promoting the value to UK businesses of providing financial protection for their staff, enhancing their wellbeing and improving employee engagement. Our membership includes insurers, reinsurers and intermediaries who have a collective wealth of experience built over years of operating in the group risk protection market. Under the chairmanship of Steve Bridger (MD Group Protection, Corporate, Aviva UK Insurance) GRiD aims to promote group risk through a collective voice to Government, policymakers, stakeholders and employers.
GRiD works with government departments and regulators involved in legislation and regulation affecting group risk benefits, and with other organisations involved in the benefits and financial protection arenas. GRiD also seeks to enhance the industry's standing by encouraging best practice and by participating in industry-wide initiatives such as the professional qualification in group risk managed jointly with the Chartered Insurance Institute.
GRiD’s media activity aims to generate a wider awareness and understanding of group risk products and their benefits for employers and employees.
GRiD's dedicated spokesperson, Katharine Moxham, provides expert media comment on a full range of group risk issues.
Follow Katharine Moxham on Twitter @KMoxham