Group Protection

Some of you may recall a Canada Life article saying the gauntlet is thrown - on the back of pensions automatic enrolment (AE) we need to grow the group risk market in terms of employer schemes, as well as premiums and employees covered.

Canada Life Group Insurance has re-launched its ‘Canada Life Automated Self Service' (CLASS) in order to improve the user experience.

The benefits of group risk products are not widely recognised by HR professionals, Canada Life Group Insurance has suggested.

Barnett Waddingham has launched a tool which identifies a company's specific health risks and recommends strategies to form an overall wellbeing plan.

Almost half (45%) of UK employers considered stress and mental illness a major cause of long-term employee absence; according to research.

Unum has launched a group income protection (group IP) product for companies preparing for pension auto-enrolment.

Employee Benefit Consultants (EBCs) are forecasting growth in the group income protection (Group IP) market with one in three expecting to increase sales this year, research has found.

Employers understand group income protection (GIP) best when they have a financial adviser or employee benefits consultant as their main source of information, but otherwise ignorance is widespread, according to Canada Life Group Insurance statistics....

Employers should play a greater role in educating workers about financial risks and facilitating access to protection products, according to Demos.

Richard Walsh considers what an assisted dying bill could mean for life insurance.