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Employee Benefits Magazine - Will the group risk industry experience fall-out from the Covid-19 pandemic?

By Sam Barrett 23 February 2021.

With the NHS focusing on fighting the pandemic, it’s meant delays and cancellations for diagnoses and treatment for many other conditions. This backlog, coupled with Covid-19 (Coronavirus) itself, will have some serious implications for the group risk market.

Group risk insurers have already seen an increase in claims as a result of the pandemic. Group life insurers paid £57 million across 475 claims for Covid-19 in the first six months of 2020, according to Group Risk Development’s (Grid) Covid-19 Claims survey 2020, published in July 2020.

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