Total Risk Market Inflows up 5.1% over the year from $16.4bn to $17.3bn

Inflows into the Lump Sum sub-market posted steady growth of 3.0% over the past year with most leading companies apart from AMP (down 0.3%) and BT / Westpac (down 1.2%) posting positive results, including ClearView (4.4%), AIA (4.2%), Zurich (4.0%) and MLC (3.4%). NobleOak and Integrity also reported significant growth although each off smaller bases.

Risk Income Inflows experienced double the growth of the Lump Sum market, up 6.0% over the past year. Among the better performers in percentage growth terms were ClearView (9.3%), BT / Westpac (6.8%) and Zurich (6.3%).

Overall Group Risk Premium Inflows experienced a 7.3% increase over the past year, driven in part by a recovery from the impact of ‘Putting Member’s Interests First’ legislation during 2020. The two largest companies, AIA and TAL reported above-average growth rates of 8.3% and 8.6% 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 Sep21