Life Insurance Risk Market Inflows were fairly flat in 2018/19, up 0.8% to $16.5bn

Growth in Risk Inflows almost ground to a halt over the past year, only increasing by a relatively marginal 0.8%. While MetLife (23.8%), ClearView (12.4%), AIA (6.1%), and to a lesser degree, TAL (3.3%) and Zurich (1.3%) all managed to report increases in their annual Risk Inflows, those of both CommInsure (-11.1%) and AMP (-10.6%) were significantly lower.

Total reported Premium Sales dropped by close to a quarter, or 24.0%, with all markets substantially lower, in particular Group Risk, where sales almost halved year on year. Most companies reported lower Risk sales led down by BT/Westpac (-62.5%), AIA (-51.1%), CommInsure (-32.7%), AMP (-25.0%) and TAL (-20.4%) that posted double digit percentage falls. In contrast to this negative trend MetLife (173.0%) saw its sales jump thanks to a recovery in its Group Risk business while Zurich (4.1%) was also higher year on year.

The Life Insurance Risk Market is comprised of both Individual Risk Lump Sum & Risk Income Insurances plus Group Risk Insurance.

Source: Plan For Life

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