- Group Watch 2012 reports 2.9% new premium growth for Group Risk in the UK in 2011
- Introduction of auto-enrolment to begin to impact the industry in 2012
- Group risk benefits and the employer channel continue to play a strong role in UK benefit provision with 40% of all insured death benefits and 75% of long-term disability income benefits provided through insured schemes
In-force group risk premiums rose by 2.9% in 2011, reversing the negative trend of the past two years according to
Group Watch 2012 report, which Swiss Re releases today. In-force sums assured across all product lines increased and there was growth in key areas, most noticeably "flex" and voluntary cover. The report, which also analyses views on key issues from all major product providers and intermediary firms, highlights changing employer roles, regulatory changes and the implementation of auto-enrolment as influencing factors on the sector in 2012 and 2013.