GRiD: Group risk industry pays £1.68bn worth of claims

‘A new high’

Adam Saville
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GRiD: Group risk industry pays £1.68bn worth of claims

Cancer was the main cause of claim across all group risk products in 2018

A record amount of claims (£1.68bn) was paid by the group risk industry last year - a £64.5m increase on 2017 - the equivalent of £4.61m a day. A total of 5,595 people were helped back to work after a period of sick leave and there were 75,446 interactions involving additional help and support services funded by group risk providers. Conditions Cancer was the main cause of claims across all three products - 69% of group critical illness, 42% for group life assurance and 24.1% for group income...

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