Press release: DAM join GRiD
As an essential part of any employer’s core employee benefits package, group risk can offer a sense of comfort for employees that they are protected should the worst ever happen. Group risk is equally reassuring for employers. It gives them the peace of mind that their staff will be protected and the company itself won’t be exposed if things do go wrong. And of course, the devastating impact of Covid-19 have only served to further exacerbate this need over the past year with over six in ten (63%) employers have increased their support to staff across one or more areas of mental, financial, physical and social wellbeing in light of the ongoing pandemic*.
To this end, DAM are delighted to announce that we have joined GRiD – Group Risk Development - to ensure we are constantly up to date with the latest group risk industry and regulatory developments, and continuously offer the best service to our clients. According to Lorraine Kellie, Managing Director ‘Employee wellbeing is vitally important and is forefront of our clients’ minds just now, whether that be financial, mental, physical or emotional wellbeing, and we feel that pensions and group risk with all the ancillary benefits that come with these products are a must for all caring employers. Being part of GRiD will help us keep our finger on the pulse of the latest developments, and that will ultimately benefit our clients.’
A bit about GRiD: Group Risk Development (GRiD) is the industry body for the group risk sector, promoting the value to UK businesses of providing financial protection for their staff, enhancing their wellbeing and improving employee engagement. Our membership includes insurers, reinsurers, intermediaries and those operating in (or with other interests in) the UK group risk market. Together this forms a collective wealth of experience built over many years. Under the chairmanship of Paul White (head of technical, Howden Employee Benefits & Wellbeing) GRiD aims to promote group risk through a collective voice to Government, policymakers, stakeholders and employers.
*according to research* amongst HR decision makers undertaken on behalf of GRiD, the industry body for the group risk protection sector.