Communication weak in group risk

The group risk market must improve market communication, Swiss Re's Group Watch 2009 has said. While 2008 saw a modest rise in the UK group protection market, the report noted low expectations in the market. Overall in-force premiums have risen 3.1% to £1.64bn, compared with £1.59bn at the end of 2007. Premiums for group death benefits were up 3.8% over the year at £945.2m in 2008. Group income protection (IP) cover was up 1.2% at £648.9m while in-force annual benefits increased by 4.7%. Group critical illness cover amounted to £45.4m, up 22% on 2007. Growth in 2009 and beyond is expect...