Analysis
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AnalysisHow employers can support staff with long-term conditions and non-visible disabilities
There are a plethora of benefits that employers can offer to support long-term health conditions and non-visible disabilities.
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AnalysisWhat role does multinational pooling play in global benefits provision?
Credit: tomertu/Shutterstock Need to know: Annual dividends are still important, averaging 5% to 8%, but data is now regarded as the most valuable benefit of a multinational pool. Multinational pooling enables an organisation to take advantage of its global scale, accessing better terms and conditions ...
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AnalysisHow employers can support staff through critical illness
Credit: Chumakov Oleg / Shutterstock Need to know: While the focus of group risk benefits was previously on the claim aspect and the monetary payout, now it is more about the crucial support and wellbeing benefits included in many policies. Communication of group risk benefits through ...
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AnalysisHas hybrid working affected the way chronic conditions are treated?
Credit: Fida Olga/Shutterstock Need to know: The pandemic has greatly increased employers’ focus on chronic conditions. Listening to chronic condition sufferers is key. Group income protection has an important role to play. It is unclear whether chronic health conditions as a whole increased directly due ...
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AnalysisWhat will the proposed fit note reforms mean for employers?
The government reforms will trial fit note process changes in order to improve triage and signposting. Making it easier to get a fit note will enable employers to help staff get assistance in a shorter amount of time, and potentially return to work faster. The reforms ...
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AnalysisHow can employers build the case for aligning financial and mental wellbeing strategies?
Need to know:Financial worries affect the bottom line, with a poll by the Chartered Management Institute (CMI) finding the majority of employers believe the cost-of-living crisis has caused stress and anxiety that have affected productivity levels.Many organisations already offer benefits that can support employees’ financial wellbeing, whether as a core ...
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AnalysisHow to position group risk benefits to support long-term health issues
Communicating the value of group risk products and the areas in which they protect staff is key.Group risk schemes often offer added services that can further support staff.Early intervention can increase return-to-work rates following a long-term health issue, so it is key to communicate who staff can contact and when.Group ...
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AnalysisHow to create a return-to-work support plan for newly injured or ill staff
A return-to-work plan should be devised collaboratively between the employer and employee.The best plans will be flexible depending on the condition and circumstances involved, continually evolve, be kept under review and aim to achieve a sustainable return.Having holistic benefits, such as using the value-added services provided alongside group risk products, ...
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AnalysisHow is the current state of play in the NHS impacting the group risk market?
Need to know:Non-core benefits, such as virtual GP services and employee assistance programmes, can help employees access healthcare.Interest in health insurance products, such as private medical insurance and health cash plans, has increased.More cancer claims may materialise as a result of difficulties accessing NHS services.Pressure on the NHS during the ...
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AnalysisWhat does the group risk market look like post-pandemic?
Need to know:The pandemic has focused minds on health and wellbeing, and fuelled growing interest in group risk products.Employers are looking to extend cover to wider cohorts of employees.Long Covid and the surrounding mental health and wellbeing challenges mean group risk products are becoming increasingly important.To maximise these products, communication ...
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AnalysisHow can employers raise awareness of the value of group risk benefits?
Need to know:Group risk benefits provide critical financial support when employees need it most.Many group risk policies offer valuable add-on benefits such as virtual GP services and employee assistance programmes, but employees need to be aware that these are available through their employer.In difficult circumstances, such as the Covid-19 (Coronavirus) ...
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Analysis
Infographic: Group risk benefits engagement in numbers
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AnalysisDo group risk benefits need a different communications approach?
Need to know:Too much technical information is a turn-off when it comes to raising awareness of group risk benefits.Focusing on the embedded health and wellbeing services enables employers to communicate group risk regularly and with messages that will be relevant to more employees.Simple steps such as changing a group risk ...
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AnalysisWill the group risk industry experience fall-out from the Covid-19 pandemic?
Need to know:Insurers have already seen an increase in life insurance claims as a result of Covid-19 and expect more claims on group income protection and group critical illness over the next few years.Engagement with wellbeing apps and digital healthcare has increased during the pandemic, with potential long-term benefits for ...
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Analysis
Health and support: Group risk benefits in numbers
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AnalysisHow has Covid-19 impacted the group risk industry?
Need to know:The Covid-19 pandemic has led to an increase in claims on group income protection and life assurance policies.The group risk industry has seen significant growth in employers providing more group risk products for their employees.The pandemic is an opportunity for employers and employees to change the way that ...
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AnalysisWhat role do group risk benefits play in reducing employee absence?
Need to know: Employers should check their group risk policy to see if they are able to access pre-existing support services as part of their insurance policy. Group risk insurance premiums will go down if an employer has a present, healthy workforce, encouraging organisations to look at ways of keeping ...
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AnalysisHow can employers put their core benefits in the spotlight?
Need to know:Core benefits can be costly to provide, but are an important aspect of promoting employee wellbeing and financial protection.Employers must demonstrate the relevance that these benefits hold for employees, and show how they can be used to their advantage.Targeted communication campaigns, delivered in ways that employees will appreciate, ...
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AnalysisDo group risk benefits need a makeover?
Need to know:Employers and providers might want to consider re-branding group risk benefits to help clarify the purpose of each product.A multi-media communications approach, using digital, paper and face-to-face communications, is best for ensuring engagement.Employers should strive to increase take-up and awareness of value-add services to impact employee absence, presenteeism ...
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AnalysisThe benefits and practicalities of an integrated healthcare strategy
Need to know:An integrated rather than siloed approach to healthcare, incorporating mental and physical health, can boost the benefits to engagement and productivity.Employers can reduce the range of treatments needed to support employees, while reaping the rewards of more effective products.External advisers can help to mitigate the logistical issues by ...