The advice market for group protection products is changing rapidly. But are providers a help or a hindrance, asks Nigel Hartley.
Most advisers are aware of the concept of multinational pooling, but many with multinational clients have not yet put it into practice. Paul Avis explains why they should.
Aviva has joined online adviser quotation system Group Risk Connect.
Just 17% of technology firms will see standard pay increases across their organisation compared to roughly half of that of other industries (32%), research reveals.
The Group Risk industry has published its claim paid rates for the first time revealing 99.6% of claims paid on group life, 82% on group income protection and 81% on group critical illness.
Some of you may recall a Canada Life article saying the gauntlet is thrown - on the back of pensions automatic enrolment (AE) we need to grow the group risk market in terms of employer schemes, as well as premiums and employees covered.
The benefits of group risk products are not widely recognised by HR professionals, Canada Life Group Insurance has suggested.
The group risk industry has applauded the latest Swiss Re Group Watch 2014 report, which it said ‘demonstrates the market's continued efforts to promote and deliver these highly valued employer-sponsored protection benefits to a greater proportion of...
The overall UK group risk market grows by 2.8% to nearly 11 million people at the end of 2013, according to Swiss Re's Group Watch 2014.
Aon is set to buy Lorica Employee Benefits in a bid to expand its health and benefits solutions to UK clients.