Insurers and re-insurers are experts in long-term group risk in all kinds of areas.
In the UK, their impact on society to date has been for individuals or companies that buy their products. For employer purchased group health and rehabilitation products, they are bought not just as a “perk” for employees but also because they benefit the company through reduced sickness absence and early return to work. So why don’t insurers work with government to do the same thing? With the appearance of “Social Impact Bonds” (SIBs) on the horizon,the insurance and re-insurance industry now has the opportunity to seriously add value to a centre-piece of the coalition government’s “Big ...
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