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Cover Magazine - Swiss Re: Group risk grows 3.6% during pandemic year

Over 13.3 million members covered in 2020.

The Swiss Re Group Watch 2021 report has found that employer-sponsored group risk policies increased to just over 81,000 during 2020, an increase of 3.6% on 2019 figures.

Set against the emergence and proliferation of the Covid-19 pandemic, the number of people covered overall grew by over 150,000 (1.1%) to 13,317,249 by the end of last year...

...GRiD view

"It's great to see that group risk benefits have been made available to 150,625 more employees during 2020, bringing the total number covered to 13.3m. The fact that the market has seen growth over this extraordinarily difficult period underlines the value that employers are placing on being able to support their workforce via group risk benefits," commented Katharine Moxham, spokesperson for GRiD.

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