Grid has argued that incentivisation is the best way for the protection market to expand - not compulsion.
The practice of offering the holding insurer final refusal on group risk renewals is commonplace throughout the sector. But, John Ritchie asks, is it harming you and your clients' business?
The industry knows group risk benefits are valuable, but does anyone else? The sector needs an image boost to thrive, says Peter Fenner.
Government and the protection industry must seize this window of opportunity if the welfare reform agenda is to succeed, a Group Risk Development (Grid) roundtable has concluded.
As stress takes its toll, 33% of public sector employers said their average employee takes more than five days off sick per year, compared to 15.9% in the private sector.
NEST (the National Employment Savings Trust) could open the door to expansion of the group life market, according to new research.
Advisers could be on the hook for millions of pounds in uninsured losses if they fail to act on the imminent A-day deadline, according to a specialist group risk intermediary.
Grid has added its voice to the warning that many businesses are not prepared for the upcoming ‘A-day' deadline for group life schemes.
Only 16% of employers have failed to at least maintain the value of their employee benefits package through the recession, according to industry body Group Risk Development (GRiD).
The group risk industry should be smiling broadly not merely breathing a sigh of relief following the confirmation of an exception from retirement age legislation, said Swiss Re.