Group risk industry pays out over £2bn for 2020 claims

As many as 4,476 people were helped back to work by group risk insurers after a period of sick leave in 2020, data from Group Risk Development (GRiD) has revealed. A total of £2.01bn was paid out to thousands of UK employees and families (28,733) in group risk claims last year, an increase of £ 255.7m from last year's figure. There was a total of 138,222 interactions with additional help and support services through group risk policies during 2020, almost double the number recorded in 2019, as online and other remote support services saw a surge in use during the pandemic. Group li...