Risk Inflows increased by 2.1% over the year to June from $17.7bn to $18.1bn

Year on year Risk Inflows rose 2.1% with each of the Individual Risk Lump Sum, Individual Risk Income and Group Risk markets respectively finishing 1.9%, 3.8% and 1.5% higher. Market leader TAL (4.9%) along with Zurich (6.6%) both reported increased overall Risk Inflows meanwhile a couple of smaller insurers ClearView (8.9%) and NobleOak (24.4%) outperformed. On the other hand total Risk Inflows recorded by AIA (-5.8%) and Resolution (-4.2%) were lower.

Overall annual Risk Sales finished down 8.3%. Individual Risk Lump Sum Sales were 2.8% lower while Individual Risk Income and Group Risk fell more significantly by 10.0% and 21.7% respectively. Risk Sales of the leading insurers were mixed with Zurich (11.3%) and MetLife (118.7%) both up while TAL (-3.2%) and AIA (-57.7%) were down and MLC (-0.4%) little changed.

Source: Plan For Life

Download Media Release: PFL Media Release - Risk Insurance Jun23