UK Group life and IP shrink as CI grows - Swiss Re

However, premium income did rise in the critical illness sector. The re-insurer's annual Group Watch report shows that death benefits premiums fell 5.1% to £897m, from £945m in 2008. This was the first time since it began monitoring the market, and reversed the trend which had previously seen premiums steadily increasing. Long-term disability income premiums also fell by 12.5% from £648m to £567m, while critical illness receipts climbed 6.6% to £48m from £48m. It also noted that in-force sums assured for both death benefits and long-term disability income increased, indicating t...