General Insurance Article - Employers urged to revisit the basics of GIP services


Quantum Advisory is encouraging employers to go ‘back to basics’ with their Group Income Protection (GIP) arrangements - particularly when reviewing the additional support services often included as part of these schemes.

 Graham Yearsley, Principal Consultant at Quantum Advisory said: “As businesses continue to navigate the challenges of workforce wellbeing and long-term employee absence, many may not realise that a number of leading Group Income Protection (GIP) providers offer embedded early intervention and rehabilitation support within their standard offerings at no additional cost. These services are specifically designed to help employees return to work smoothly and efficiently after periods of ill health, while also supporting employers in managing absence more effectively. For organisations that adopt a proactive and robust absence management strategy, these efforts are often looked upon favourably by GIP providers when reviewing scheme terms.

 “However, despite the clear benefits, these services remain hugely underutilised. Many employers are either unaware they exist or unsure how to integrate them in a meaningful way into wellbeing or absence strategies. Sir Charlie Mayfield’s recent Keep Britain Working report highlighted that preventing people from falling out of the workforce is just as important as encouraging them back in. Early intervention is key to achieving this, and the tools are often already embedded in existing GIP policies. It’s crucial that employers understand what’s available, evaluate how these services are currently being used, and look for opportunities to integrate them more fully into their people strategies. With the right approach, these services can not only enhance workforce wellbeing but also support long-term organisational resilience in today’s evolving workplace landscape.”
  

Back to Index


Similar News to this Story

US GI broker market to hit one and a half trillion dollars
The US general insurance broker market is projected to grow at a compound annual growth rate (CAGR) of 5.9% from an estimated $1.2 trillion in 2024 to
Eight to Embark on the top travel insurance tips
The latest data from the ABI highlights the essential role of travel insurance, as its members paid out £472 million across more than 500,000 claims i
UK pet insurance costs highest in Europe
Pet-owning Brits are now the most likely in Europe to say their insurance costs are the highest they’ve ever been, with pets getting sick or injured n

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.