Group risk pay outs total £2.2bn in 2022: GRiD

Cancer most common reason

John Brazier
clock • 3 min read

A total of £2.21 billion was paid out on group risk claims during 2022, consistent with volumes paid out the previous year, according to figures from industry body Group Risk Development (GRiD).

Cancer was once again the most common reason for group claims, accounting for two thirds of group income protection claims (66%), over one in three group life claims (37%) and more than one quarter of group critical illness claims (27%). Covid-19 accounted for just 3.7% of group life claims, down from 11.7% in 2021, representing the seventh most common reason for a claim in 2022. Elsewhere, heart disease was the second-most common reason for group life claims, whereas mental illness and heart attack were the secondary reasons for group income protection and group critical illness, res...

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