Risk Market Inflows rose by 3.2% over the year from $17.7bn to $18.2bn

Overall Risk Inflows rose by 3.2% over the past year. Market leader TAL (4.9%), Zurich (8.5%), MetLife (6.8%), QInsure (3.6%) along with smaller Risk Insurance participants ClearView (8.9%) and NobleOak (24.4%) reported above average increase in their annual Inflows. In the meantime those of No.2 player AIA (0.2%) along with MLC (1.1%) were both little changed while Resolution (-4.8%) whose business is in run-off continues to trend lower.

New Premium Sales decreased 8.3%. While sales of both TAL (-22.6%) and AIA (-33.9%) dropped significantly as did to a lesser degree those of Resolution (-7.5%) and NobleOak (-9.7%) these were partly offset by increases posted by Zurich (7.7%), MetLife (136.3%) and ClearView (23.5%) with the TAL, MetLife and AIA changes mostly attributable to Group Risk business.

Source: Plan For Life

Download Media Release: PFL Media Release - Risk Insurance Mar23