First Actuarial joins GRiD to grow group protection business
Press release 25 June 2024. Leading UK actuarial and investment consultancy, First Actuarial, has joined GRiD, the industry body for group risk. Membership of GRiD will give First Actuarial access to best practice as it launches a range of group protection services. Suzie Nedza, Group Protection Consultant at First Actuarial says: “Joining GRiD was an […]
Only 49% of employers consider benefits that support all staff
Press release 11 June 2024. When asked which benefits employers are most likely to offer, only 49%* said they consider benefits which support all employees. GRiD, the industry body for the group risk sector, says it would like to see this figure significantly increased. Katharine Moxham, spokesperson for GRiD said: “Employees are a company’s biggest […]
Growing expertise: PartnerRe joins the GRiD community
Press release 4 June 2024. Recognising the wealth of expertise to be drawn upon, leading global reinsurer, PartnerRe, is the latest organisation to join GRiD, the industry body for Group Risk. PartnerRe is a global reinsurance company with over $10 billion in total capital offering group reinsurance solutions to the UK & Irish Group market. […]
The UK Group Risk industry paid out a record £2.49bn in claims in 2023: £6.82m a day
Press release 21 May 2024. The UK Group Risk industry paid out a record £2.49bn in claims in 2023: £6.82m a day Industry data compiled by Group Risk Development (GRiD) shows that, once again, employers highly utilised group risk protection (employer-funded life assurance, income protection and critical illness benefits) to provide financial support to employees […]
GRiD member newsletter May 2024
At the end of the GRiD 2023/24 year we wanted to take time to update our members on all the work that has gone on over the last year within GRiD and to highlight some of the key achievements along the way. As newly appointed chair of GRiD, Colin Fitzgerald writes: “I’m very much looking […]
GRiD welcomes HelloSelf in support of better mental health
Press release 7 May 2024. The industry body for group risk, GRiD, today welcomes its newest member HelloSelf. A virtual provider of psychological therapy services, HelloSelf offers individuals and partner organisations – including the NHS, insurance companies, and medical professionals – personalised digital therapy. Through a combination of an expert clinical network and its own therapy platform, HelloSelf […]
RedArc joins GRiD
Press release 30 April 2024. Nurse-led health and wellbeing specialists, RedArc have joined GRiD, the industry body for group risk. As added-value services are now an integral part of Group Risk products, and as a long-established provider to the Group Risk market, RedArc has joined GRiD to work even more closely with insurers advisers and […]
GRiD comment on Swiss Re’s Group Watch 2024
Press release 16 April 2024. Commenting on Swiss Re’s Group Watch 2024, Katharine Moxham, spokesperson for GRiD said: “It’s so pleasing to see Swiss Re reporting group risk market figures that are up by every measure. “It’s excellent news that in 2023, the number of people covered by the industry increased by 893,268, making group […]
Three quarters of UK employers measure the impact of supporting the health and wellbeing of their staff, up from 51% in 2023
Press release 3 April 2024. Over three-quarters (76%) of employers now measure the impact of supporting the health and wellbeing of their staff, according to new research conducted by GRiD, the industry body for the group risk sector.1 This represents a significant increase on the 51% who measured this impact in 20232 and shows that […]
GRiD comment on the Work and Pensions Committee’s enquiry report on Statutory Sick Pay
Press release 28 March 2024. The Work and Pensions Committee has today released its enquiry report on improving Statutory Sick Pay. Commenting on the report, GRiD spokesperson, Katharine Moxham, said: “GRiD supports Government reforming Statutory Sick Pay (SSP). This would create a stronger safety net for employees underpinned by more comprehensive financial support from employers […]
