13 Apr 2017

Report: Group Watch 2017

Group Watch 2017 analyses and summarises group risk business results at the end of 2016. It also draws on a questionnaire issued in February 2017 to insurers and employee benefit consultants in the group risk market.

1497446485_GroupWatch20173.png 1497446485_GroupWatch20174.png 1497446485_GroupWatch20175.png 1497446485_GroupWatch20172.png

Key findings:

At the end of 2016, group risk arrangements insured 12,029,790 people, an increase of 4.5%.
The number of people insured by a death benefit increased by 3.9%.
The number of people insured by a long-term disability income policy increased by 6.3%.
The number of people insured by critical illness cover grew by 7.3%.

The report found that while this year's data paints a positive picture, more remains to be done by the group risk market if it is to meet society's needs and achieve its growth potential.