Total Risk Market Inflows up 4.0% over the year from $17.3bn to $18.0bn

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 (32.6%), ClearView (7.6%), Zurich (6.6%) and TAL (0.8%) posting positive growth, while AIA (-1.5%) and MLC (-0.7%) reported falls. Integrity and MetLife also reported significant growth although off much smaller bases.

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 (38.7%), Zurich (11.0%), ClearView (10.3%) and MLC (6.8%).

Overall Group Risk Premium Inflows experienced a 5.3% increase over the past year, with the two largest companies, TAL and AIA reporting growth rates of 11.8% and 1.0% 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 Sep22