A small slice

The importance of group risk benefits is often underestimated, with too few people aware of the big part it plays in long-term benefit provision in the UK. Group Watch, published by Swiss Re in April 2007, shows that total market premiums amount to over £1.5bn. Despite this, group risk benefits have often been regarded as relatively minor, one consequence of this being that the impact on group risk schemes can sometimes be overlooked when Government policy and regulation are formulated. A breakdown of the data shows that in-force group premiums at the end of 2006, split between the three ...