Group risk industry pays out £1.76bn for 2019 claims

As many as 5,248 people were helped back to work by group risk insurers after a period of sick leave in 2019, data from Group Risk Development (GRiD) has revealed. A total of £1.76bn was paid out to thousands of UK employees and families (26,433) in group risk claims last year, an increase of £75m from last year's figure. There was a total of 74,707 interactions with additional help and support services through group risk policies during 2019. Group life assurance policies paid out total benefits to the value of £1.171bn (an increase of £53.7m over 2018); group income protection po...