Recession impacting on EAPs says Canada life

clock

The recession is having a distinct effect on the usage of employee assistance programmes (EAP) in the workplace through employees feeling increasingly stressed, according to Canada Life.

Speaking at the Canada Life ISMA UK 2009 conference entitled ‘A Changing World - Stressing the Positives', Colin Micklewright, head of group income protection business development at the provider, outlined two ways in which the current economic crisis has impacted on the claims data for EAP programmes across the group risk market. Micklewright revealed that to date in 2009 there had been an increase in the amount of claims for cancer treatment. He said: "What I am surprised to see is that so many of the claims we have had this year are not stress, anxiety or depression but are for can...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

Author spotlight

Peter Carvill

More on Income Protection

Advisers promoting IP but conversion rates remain low - IPTF

IPTF adviser survey

John Brazier
clock 04 May 2021 • 3 min read

Steven Dean: How GIP can aid diversity and productivity

Group income protection

Steven Dean
clock 28 November 2018 • 4 min read

Steven Dean: How GIP can help business clients meet legal requirements

Group income protection

Steven Dean
clock 19 September 2018 • 3 min read