Swiss Re: Group risk grows 3.3%

Almost 12.9 million members covered in 2018

Adam Saville
clock • 4 min read

Life assurance, LTDI and critical illness policies reached 408,519 last year

The Swiss Re Group Watch 2019 has revealed that employer-sponsored group risk policies increased by 3.3% in 2018 to 408,519 - a total of almost 12.9 million members. The number of members of long-term disability income policies increased by 2.2% last year, while lump sum death-in-service polices grew 4.7%. The number of members of dependants' death-in-service policies fell by 29.7% during 2018, while those covered by critical illness policies grew 4.8%. Number of members of employer-sponsored group risk policies, 2017-2018: Product 2017 2018 % change, 2017/20...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Group Protection

The Rising Stars of Protection: Unum's Simonia Azavedo

The Rising Stars of Protection: Unum's Simonia Azavedo

“An opportunity not taken is an opportunity lost”

Jaskeet Briah
clock 25 April 2024 • 5 min read
Aviva pays out £413.8m on group protection claims in 2023

Aviva pays out £413.8m on group protection claims in 2023

Youngest insured member for life cover was aged 16

Jaskeet Briah
clock 22 April 2024 • 4 min read
Two in 10 employees have dental insurance or benefits

Two in 10 employees have dental insurance or benefits

One fifth have performed a dental procedure on themselves

Jaskeet Briah
clock 19 April 2024 • 2 min read