Lead Story
72% of GIP claimants returned to work in 2024 – GRID
The group risk industry paid out £2.59bn in 2024, up £99.2m from 2023.
Income Protection
Compensation & Benefits
Unum UK pays out £516m in group protection claims in 2024
The firm now covers 2.8 million people across its products, which is a 44% rise in the last five years.
News
Dentists’ Provident paid out £4.9m in claims during 2024, report finds
The provider's claims report showed the majority of claims were paid to those aged 46-55 years old, with the youngest claimant being a 27-year-old dentist.
News
Scottish Widows launches Flexible Income Protection to bridge protection gap
42% of adults currently worry that their household would not cope if they were unable to work.
News
Berkeley Alexander launches SafeGuard Protect policy
The new policy aims to meet the rising demand for flexible protection products amid ongoing economic uncertainties in the UK.
Compensation & Benefits
Employees would trade lower salary for better benefits
A MetLife UK survey indicates 40% of UK employees prioritise better benefits over higher pay, emphasising the value of financial protection, flexible work arrangements, and health support services.