Group life

The terrorist attacks of September 11, 2001 changed the group life assurance landscape for good. Formerly, a straightforward market with few hiccups, the events that unfolded that autumn morning suddenly transformed the sector, as many city centres became too risky to insure. It therefore comes as no surprise that in recent years the group life market has struggled to see little more than marginal growth in sales. In 2003, for example, there was almost no growth in premium of income. However, in 2004, to the surprise of many and rather unexpectedly, the overall group life market's total...