Is stress the elephant in the boardroom?

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With stress being the number one cause for employees being absent from work, the Underwriting Faculty of the CII New Generation Programme has reviewed the increasing threat of stress in the workplace to the insurance industry.

This paper goes into in depth detail, highlighting opinions and fact from a variety of different industries, sources and the groups own findings to put a ‘stress-test’ on how the insurance industry is defining stress and what it could be doing better.

Our industry is potentially sitting on a ticking time bomb, with many insurers not having in depth analysis of claims statistics for mental conditions, which past precedents with asbestos and industrial deafness claims shows can cause a great impact to insurers bottom line results.

This paper concludes what the insurance industry can do to help safeguard itself from this potentially catastrophic issue and also identify how this in turn could help the individual and society.