Life Insurance Risk Market Inflows rose by 1.2% over the year from $16.5bn to $16.7bn

Year on year overall Risk Premium Inflows were slightly higher, up 1.2%. Only AIA (12.1%) and Zurich (3.7%) reported any real growth in their Risk business with Group Risk responsible for most of the AIA increase. BT / Westpac (-22.1%) saw its Risk Inflows drop, again largely due to Group business, while those of the other main companies were relatively flat.

Annual Risk Sales decreased by 15.4% due in particular to reported Group Risk Sales falling by 40.3% after more than doubling in the previous year. Two companies reporting significant percentage increases in their Risk Sales were AIA (79.3%) and ClearView (28.6%) but TAL (-72.7%) and BT / Westpac (-19.0%) experienced significant falls.

Source: Plan For Life

Download Media Release: PFL Media Release - Risk Insurance Mar21