Zurich has introduced e-Signatures for its UK corporate risk customers in a bid to speed up and simplify the process for group income protection claims.
Despite a few lingering challenges, the latest Swiss Re Group Watch survey paints a strong picture of growth in the group risk sector. Chris Morgan summarises the key trends.
Legal & General paid 96% of all group protection claims in 2015, worth a total of £266m - representing almost a fifth (18.88%) of the industry total of £1.4bn.
A total of £1.4bn was paid out in claims during 2015 - representing more than a 10% increase on 2014 according to industry data compiled by Group Risk Development (GRiD).
Ellipse has launched an excepted life trust for its group life clients.
Group Risk Development (GRiD) is calling for better use of the benefits available within employers' incumbent group risk policies to improve stress management.
Paradigm Protect, the specialist Protection and GI distributor within the Paradigm Group, has launched a group risk panel for its member firms.
Almost half of UK employees whose colleagues have taken time off work due to stress think it's not real according to research from Westfield Health.
Fiona Murphy discusses the results of the 2016 Swiss Re Group Watch in further depth with report author Ron Wheatcroft.
Excepted group life lump sum death benefit sums assured grew by 30.9% during 2015 according to Swiss Re's Group Watch 2016.