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Corporate Adviser Magazine - 2022 sector predictions – group risk

By Muna Abdi 29 December 2021.

As Covid continues to impact employees to various degrees, group risk benefits will remain top of mind for employers and their employees in 2022. Industry experts predict employers and employees will increasingly see group risk benefits as a must-have, not only for the financial security they provide but also for the additional help and support services that come with them.

Looking ahead to 2022, experts predict demand for group risk will grow to help employers tackle the “Great Resignation,” as well as give employees support in the areas of mental health and wellbeing. More specifically, experts anticipate seeing an increase in occupational long-term disability income schemes, a reduction in long-term disability schemes, an uptake in excepted group life schemes and a growing SME market.

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