Life Insurance Risk Market Inflows fell 6.4% in 2019/20 from $17.0bn to $15.9bn

Year on year overall Risk Inflows were down by 6.4% with most companies reporting decreases. While market leader TAL (13.2%) and ClearView (7.2%) posted a of couple increases these were more than exceeded by the falls experienced by all of the others in particular AIA (-29.0%) and MetLife (-11.9%).

Total reported Premium Sales jumped by close to a quarter, or 23.6%, thanks to a more than doubling of Group Risk sales completely reversing a similarly sized drop that was experienced in the previous year. Meanwhile both Individual Risk markets saw lower sales. Most companies reported reduced Risk sales but TAL (270.1%) was an exception with its soaring due to a jump in Group Risk Sales.

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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