Welcome acknowledgement of group risk sector's role in keeping economy going.
The vital role that the protection insurance industry plays in the lifeblood of the UK was recognised during a House of Lords debate on the economic lessons of the Covid-19 pandemic.
During a House of Lords debate, peers thrashed out a number of issues about the crisis but it was the often under-recognised role that the group risk industry plays in keeping people healthy, productive and wealthy – and keeping the machinery of UK plc in working order – that came to the fore.
Lord Hunt said that even as Britain emerges from total lockdown, all employers will have to adapt, not only through social distancing but through improved ways of dealing with sickness and absence from work.
He said: “This is a long-term challenge brought into sharp, short-term relief. I strongly commend to my noble friend the Minister the initiatives from GRiD, the Group Risk Development organisation, set up by the insurance sector to address these challenges.
“Of course, free enterprise will have to be the principal driver of recovery, but it is none the less incumbent on all one-nation Conservatives to ensure that for a stronger economy and a stronger society in the post-pandemic world.”
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