GRID

Two-fifths of employees would be willing to give up a pay rise in order to receive employer sponsored protection insurances as part of their benefits package, latest research reveals.

A total of £1.2bn worth of group risk claims were paid out during 2012, helping over 23,000 UK families to avoid financial distress, research finds.

More than half(52%)of employers would be supportive of auto-enrolling employees into group risk protection products, latest research finds.

The CII has added a level-4 protection module to its Cert CII (Health and Protection) qualification.

Employers closing Defined Benefit (DB) pension schemes should revisit their sickness provision to avoid a costly ‘protection gap', warns Group Risk Development (GRiD.)

Swiss Re has said the industry is "getting it right" following strong in-force group risk premium growth figures in its Group Watch 2013.

Nicola Culley asks if the introduction of auto-enrolment will deliver new business to the group life market or if employers burdened by the extra costs will cut back.

Over four in five employers (82%) now pro-actively record, monitor and manage absence, according to Group Risk Development (GRiD).

Mental health is now the biggest cause of claim in group risk markets. Katharine Moxham outlines the scale of the problem.

The ageing workforce is creating absence management issues for employers unaware of an exemption which can keep overall protection costs down, Group Risk Development (GRiD) has found.