Employee benefits provider, Unum UK, paid £516 million in group protection claims in 2024, a record number for the provider.
The provider said that it now insures 2.8m people, a 44% increase over the past five years. Additionally, Unum UK reported that its rehabilitation success rate for those covered under its group income protection policy was 97%, marking the second consecutive year it has reached this rate. Paula Coffey, director of claims, rehab and medical services, Unum UK, said: "Mental health-related conditions accounted for 42% of rehabilitation referrals, while cancer was the most common reason for claims across all our insurance products. "These serious issues demand high-quality support, whi...
To continue reading this article...
Join COVER for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.
