Expansion of Group IP market an option - Govt

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The government is aware a considerable expansion in the group income protection market (GIP) is one option for its review of the welfare and sickness absence system.

It acknowledged that insurers could work in an incentive based approach but noted there could be problems with involving them. Speaking at the Health and the working population conference hosted by the ABI and Bupa, Lord Freud, the Minister of Welfare Reform, explained the potential for increased involvement by the insurance sector to aid its welfare reform agenda. "For us to prevent people going onto Employment and Support Allowance in the first place, we need a much more sophisticated approach to occupational health & well being," he said. "According to Legal & General figures ju...

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