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 2023 Research – Summary of key findings and research tables
Highlights of GRiD employer research to help you win business. We’ve pulled out the key findings of our 2023 annual employer/employee research, and there are some great stats designed to help you with your conversations with clients. They give you insight into what elements of health and wellbeing employers are prioritising, how they’re dealing with […]
Employees benefit with £2.21bn group risk payouts in 2022
Press release 15 May 2023. The UK Group Risk industry paid out £2.21bn in claims in 2022: equivalent to £6.05m a day. Cancer: Main cause of claim across all group risk products 5,651 employees returned to work after a period of sick leave beginning in 2022 261,631 interactions with the additional help and support services […]
GRiD employer research into health and wellbeing challenges in the workplace – we need your help please
GRiD’s Workplace Public Policy Committee has commissioned a new piece of independent research into health and wellbeing challenges in the workplace, and the insurance sector’s role in solving these. This research report is due to be published later this year and will highlight the good work that GRiD members do in supporting our customers. The […]
GRiD 2022 Research – Summary of key findings and research tables
September 2022. Research conducted on behalf of GRiD adds huge value to members. This year we researched over 500 employers and 1,000 employees on a number of core areas, including: How they’re reacting to the pandemic The value of group risk Employee engagement Health and wellbeing needs by demographic Absence management ESG Corporate identity As […]
Employees benefit as Group Risk industry pays out record amount in claims during 2021
Press release 12 May 2022. The UK Group Risk industry paid out £2.22bn in claims in 2021 – equivalent to £6.1m a day 6,113 people helped back after a period of sick leave 220,886 interactions with the additional help and support services funded by Group Risk insurers Cancer: Main cause of claim across all group […]
Group risk industry pays £168.3 million for Covid-19-related deaths during 2021
Press release 22 February 2022. One of the most popular employee benefits offered to employees is group life assurance*, with nearly 10million** employees covered by this benefit in the UK. Group life assurance makes a payment to an employee’s dependant(s) if the employee dies. Figures released today show that for 2021 there was a significant […]
GRiD 2021 Research – Summary of key findings and research tables
September 2021. We’re pleased to make our 2021 research key findings summary available to GRiD members. This highlights the key themes emerging from the research we conducted earlier this year among over 500 employers, and over 1,200 employees. This is a pulse check on who, what and why among UK plc. It looks at a […]
Employees’ dependants receive more Covid payouts from employer-sponsored group life assurance in H1 2021 than whole of 2020
Press release 31 August 2021. Dependants of employees with insured employer-sponsored death benefits – one of the most popular employee benefits – have received more financial payouts as a result of Covid-19 in the first half of 2021 than in the whole of 2020 – announces GRiD, the industry body for the group risk sector […]
Employer-sponsored Group Risk benefits pay record claims to employees during 2020
Press release 14 May 2021. UK Group Risk industry pays record £2.01bn in claims to employees and dependants in 2020, equivalent to £5.5m a day 4,476 employees helped back to work after a period of sick leave Cancer: main cause of claim Company-sponsored group risk benefits (life assurance, income protection and critical illness) provided by […]
