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.

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.


Contributors

Ron Wheatcroft

Ron Wheatcroft

Technical Manager