Growing the group market - an adviser's view

clock • 3 min read

Innovation, digitalisation, speed of transaction, ease of purchase and growing the market aren't terms commonly associated with the group protection space. But they should be says Malcolm Robertson

Often when I chat to insurers, they say they want to grow the market. Everyone says that. But doing it is another matter and group insurers don't necessarily have the best systems, processes and distribution channels to make it happen. Insurers say they have built propositions fit for the SME market, but have they? There might be a shiny new quote function, but too often the back-end process remains the same. That's only half the job. A nice shiny bonnet with petrol leaking out of the back. The annual Swiss Re Group Watch report is an admirable piece of work. There are lots of good bu...

To continue reading this article...

Join COVER for free

  • 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.

Join now

 

Already a Cover member?

Login

More on Employee Benefits

Unum UK pays out £516m in 2024

Unum UK pays out £516m in 2024

Group claims statistics

Cameron Roberts
clock 16 April 2025 • 2 min read
Half of businesses to extend AI use in benefits management

Half of businesses to extend AI use in benefits management

Towers Watson research findings

Jaskeet Briah
clock 14 April 2025 • 2 min read
Santé Group adds Nick Stone to distribution team

Santé Group adds Nick Stone to distribution team

Joins from Health Assured

Jaskeet Briah
clock 11 April 2025 • 1 min read