New kid on the block

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Standing in the shadow of two bigger brothers can be an intimidating place, but being the runt of the group risk family isn't proving such a bad thing for the group critical illness (CI) market lately, writes Owain Thomas

Over the last year the group CI market has seen the withdrawal of Aegon (who left the entire group risk market last summer), yet it has also welcomed two arrivals in new-starter Ellipse and insurance giant Aviva. And even more promisingly, according to this month’s annual Swiss Re group watch report, it was the only one of three sectors to see premiums received increase in the last 12 months. So perhaps the opportunity is available for it to grow out of the shadows of the group life and income protection (IP) markets. This mood of greater confidence is certainly reflected in the gr...

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