COVID-19 blog

The Coronavirus Act 2020 means that many insurers now request supporting information in an electronic format (such as photocopies or e-forms) instead of the actual document. This flexibility aids both the insurer in the delivery of their processes as well as making it easier for customers at this time. For example, when making a claim, many insurers will now accept an electronic copy where they had previously insisted on a ‘wet signature’. If you are at all unsure what’s required by your insurer, or would like further information around the claim process, please do let us know.

Group Risk rates look set to rise as a result of the current economic, environmental and market conditions, across a range of employee benefits. Businesses face uncertainty with the future pricing of their risk benefits policies. With more focus and a strain on cashflow and budgeting, now could be the time to seek out an alternative solution to mitigate both short and long term increases and lock in a new deal for an extended guarantee period. Talk to us now about our new and improved Enhanced Terms Agreement, only available to Willis Towers Watson clients up to 500 lives.