Group risk benefits in numbers

Group risk in numbers 2016

A round-up of statistics relating to group risk benefits provision:

  • 30% of group income protection claims in 2015 were due to mental health issues (Source: Legal and General)
  • 32% of employee respondents believe critical illness cover is the most important benefit when working past 65 years (Source: Canada Life Group insurance)
  • £1.4bn worth of claims were paid out by the UK group risk industry in 2015 (Source: Group Risk Development)
  • 24,603 group risk claims were made in the UK in 2015 (Source: Group Risk Development)
  • 11.5m people were members of group risk schemes at the end of 2015 (Source: Swiss Re)
  • 66% of employee respondents feel that £88.45 a week statutory sick pay is not that fair or not fair at all (Source: Legal and General)