Total Risk Market Inflows up 5.1% over the year from $16.1bn to $16.9bn

Inflows into the Lump Sum sub-market again posted improved growth of 3.6% over the past year with most leading companies apart from AMP (down 1.0%) posting positive results, including Zurich (5.3%), ClearView (4.4%), AIA (4.0%) and MLC (3.5%). NobleOak and Integrity also reported significant growth although each off smaller bases.

Risk Income Inflows also experienced increased growth, up 5.0% over the past year. Among the better performers in percentage growth terms were ClearView (12.1%), Zurich (6.2%) and AIA (4.4%).

Overall Group Risk Premium Inflows experienced a 6.9% increase over the past year, driven in part by the impact of ‘Putting Member’s Interests First’ legislation during the June 2020 quarter. Of the larger companies, AIA (38.5%) recorded the most significant growth followed by TAL (up 6.7%). It should be noted that individual company growth can be significantly impacted by super fund insurance mandate movements.

Source: Plan For Life

Download Media Release: PFL_Media_Release_-_Risk_Jun21