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

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 protection. The second main cause of new claims for group life assurance was heart dise...