Risk Market Inflows rose by 5.0% over the year from $16.8bn to $17.6bn

Overall Risk Inflows increased by 5.0% over the past year. Market leader TAL (8.5%) enjoyed some significant growth in its Inflows year on year as did MetLife (10.7%), QInsure (10.3%) and smaller player NobleOak (49.2%). Most of the rest also recorded more moderate increases.

Total New Premium Sales decreased by 7.6%. While TAL (38.5%) and BT / Westpac (35.1%) reported jumps in their Risk Sales these were more than offset by falls experienced by MetLife (-33.7%), AIA (-24.4%), ClearView (-16.3%) and Zurich (-16.2%) with in the cases of TAL, MetLife and AIA most of the action attributable to Group Risk business.

Source: Plan For Life

Download Media Release: PFL Media Release - Risk Insurance Mar22