1. Insights into the world of employer protection Protect Association Meeting 11 May 2018
Katharine Moxham,
GRiD Spokesperson

2. Group Risk Development
GRiD formed as group risk industry body in 1998
When?
Why?
To promote group risk to Government, policymakers, media and employers
Who?
Providers, reinsurers and advisers working in the group risk space

3. 2017/18 highlights 5 new members & 1 re-join
Good coverage in industry & employer-focused press,
average 30 cuttings a month
New GRiD & Raising the Profile Chairs, Steve Bridger & Dave Middleton – thanks to Lee Lovett & Dan Crook
2017/18
highlights
GDPR win (on par with DRA removal exemption)
Stevenson/Farmer Review & Improving Lives Road Map - GIP acknowledged
Improved positioning of claims stats
ABI alignment on IP claims paid
Employer research undertaken again (last done 2015)
Generates most of GRiD’s headlines, assists in dialogue with Government & of interest to academics

4. 2018/19 plans PR – business as usual Continue with research
Increase membership
PR – business as usual
Continue to build on gains to date in dialogue with Government
2018/19
plans
Joint GRID/ILAG event
Corporate Adviser event partnership
Continue to improve positioning of claims stats
Continue with research

5. GRiD Employer Research

6. Brand Research Coverage Claims Survey We do what we say on the tin
Comment/release driven PR
Position GRiD as go-to for group risk
Proactive
Annual employer research to generate headlines & credibility
Claims Survey
Brand
We do what we say on the tin
Supported by social media

7. Research results: key themes
Employer understanding & awareness of group risk benefits
Why employers offer/don’t offer group risk benefits
What employers are doing to improve, health, wellbeing, engagement & productivity
Research results: key themes
What employers are prepared to pay for advice and how they prefer to buy
What employers are doing to reduce absence & improve attendance
If employers don’t offer group risk benefits, what they think it would cost to do so for all
Do employers know about and use group risk support services?
Absence stats & reasons why higher/lower than average

8. Research results: some key stats
How many picked correct description?
Group life 45%
Group income protection (GIP) 40%
Group critical illness 27%
What ERs are doing to improve, health, wellbeing, engagement & productivity (Top 3)
Recognising & rewarding good work 29%
Promoting flexible working initiatives 27%
Encouraging staff to be more active & to improve their health 19%
Top reason for providing:
Group life Paternalism 31%
GIP SSP not enough 30%
Group critical illness Paternalism 36%
Research results: some key stats
What employers are prepared to pay for advice (mean):
Group life £1,146
GIP £1,164
Group critical illness £1,156
Top measure for reducing absence & improving attendance:
Flexible working 32%
If don’t offer group risk benefits, what ERs think it would cost to do so for all (mean):
Group life 3.1% of payroll
GIP 3.2% of payroll
Do employers know about & use group risk support services?
Use all regularly 32%
Use all occasionally 22%
Don’t use any 8%
Not aware of any support 4%
Absence stats:
Average absence per employee pa 5 days
Higher than average 26%
Lower than average 40%

9. Employee Benefits exclusive on how employers viewed their absence rates (higher/lower than average and why)
GRiD research provided to 3 academics so far
Stress & stress-inducing situations main cause of short-term absence
Headlines so far
Cancer & acute medical conditions account for 1 in 5 long-term absences (World Cancer Day)
Employers think group risk costs more than it does
Reasons for providing group risk – paternalism,
recruitment and retention, improved productivity and team morale
Two thirds of employers admit to not utilising group risk support services (Blue Monday)
Communicate group risk benefits to retain staff as 1 in 5 look for new jobs in January

10. Thank you! Research Sponsors Aviva Canada Life The CII Ellipse
Wingate Benefit Solutions
Xafinity Consulting
Zurich Corporate Risk
Generali Global
Gen Re
JLT
Research Sponsors
Kerr Henderson
Legal& General
Medical Expenses Consulting (UK) Ltd
SCOR
Self Assured Ltd
Swiss Re
Unum
Munich Re
Punter Southall Health & Protection
Quantum Advisory