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August 2014

Getting the most out of the growing Group Risk market - A blog by Ron Wheatcroft of Swiss Re

08/08/14

Getting the most out of the growing group risk market   In the context of financial provision for the public overall, group risk business is very important. Yet, with a few worthy exceptions, our industry treats group business as a poor relation. The pace of product development in the group market doesn't compare to its individual cousin. Why is that? Is it because group risk is a small slice of our business? Not at all. Around 40% of all UK life cover is provided by group schemes and, for IP, this is a huge 75%. Income protection is clearly the…
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