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Cover Magazine - Swiss Re: Group risk policies rose 4.1% in 2021

The total number of in-force group risk policies for 2021 has increased by 4.1% to 84,369, according to the Swiss Re Group Watch 2022 report.

Swiss Re's annual report of group protection policies showed that the total number of in-force group risk policies rose 4.1% year-on-year from 81,055 in 2020. 

Throughout 2021 the amount of people covered rose to 14,106,854, an increase of 5.9% from 13,317,249 in 2020...

...GRiD view

"No other employee benefits have provided a vital financial lifeline for so many people throughout the pandemic in the way that Group Risk benefits (employer-sponsored life assurance, income protection and critical illness) have done," commented Katharine Moxham, spokesperson for industry body Group Risk Development (GRiD)...

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