Total Risk Market Inflows up 3.7% over the year from $17.1bn to $17.7bn

Inflows into the Lump Sum sub-market posted stable growth of 2.3% over the past year with mixed results amongst leading companies, with NobleOak (37.8%), ClearView (7.0%), Zurich (6.6%) and TAL (2.4%) posting positive growth, while BT/Westpac (-3.2%), AIA (-1.4%) and MLC (-0.6%) reported falls. Integrity also reported significant growth although off a much smaller base.

Risk Income Inflows continue to grow significantly faster than the Lump Sum market, up 5.4% over the past year. Among the better performers in percentage growth terms were NobleOak (44.2%), Zurich (10.3%), ClearView (8.3%) and BT / Westpac (6.8%).

Overall Group Risk Premium Inflows experienced a 4.5% increase over the past year, with the two largest companies, TAL and AIA reporting growth rates of 12.5% and -0.4% respectively. 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 Jun22 Revised