Total Risk Market Inflows up 2.5% over the year from $17.6bn to $18.1bn

Inflows into the Lump Sum sub-market posted steady growth of 2.4% over the past year with mixed results amongst leading companies, with NobleOak (27.4%), ClearView (8.0%), Zurich (6.5%) and TAL (1.4%) posting positive growth, while AIA (-2.1%) and Resolution (-0.8%) reported falls and MLC was almost unchanged. 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 4.7% over the past year. Among the better performers in percentage growth terms were NobleOak (23.4%), Zurich (11.7%), ClearView (11.7%) and MLC (6.5%).

Overall Group Risk Premium Inflows experienced a 1.6% increase over the past year, with the largest company, TAL also reporting the highest growth rate at 7.2%, followed by medium-size competitor Zurich with 6.5%. 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 Dec22