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HI Daily - Industry gives cautious welcome to upswing in group risk numbers

Third of UK workforce now covered - but economic uncertainty hampering further growth.

News that more than a third of the UK workforce is now covered by group protection benefits has been welcomed by leading industry figures – but there remain concerns that economic uncertainty could restrict even more workers and families from getting access to vital financial cover against ill health and death.

Figures released by Swiss Re this week show the number of people covered in employer-sponsored group risk policies increased by 3.3% in 2018 to 408,519, with the total standing at almost 12.9 million members.

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