Delving deeper into the group risk claims stats

clock • 10 min read

The annual GRiD claims stats have been published and, with a focus on group income protection, Suzanne Clarkson investigates suggestions that the industry is reaching a tipping point where the number of people being helped to return to work will eventually exceed the number of income replacement claims.

Group income protection (IP) is getting to the stage where it no longer ‘does what it says on the tin'. That shouldn't be taken as a negative. Group IP providers have gone through a huge transition over recent years from product providers to service providers. Although income replacement/salary continuance is still an important feature, this element is taking a back seat to the arguably more important job - for employers and employees - of helping people return to their normal lives following illness or injury. Maybe something really straightforward like ‘Back to normality' support...

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