Total Risk Market Inflows up 3.6% over the year from $17.7bn to $18.4bn

Inflows into the Lump Sum sub-market posted solid growth of 3.0% over the past year with mixed results amongst leading companies, with NobleOak (26.3%), ClearView (7.5%), Zurich (5.4%) and TAL (2.8%) posting positive growth, while Resolution (-2.1%) reported a fall and both AIA and MLC were almost unchanged. Integrity and MetLife also reported significant growth although off much smaller bases.

Risk Income Inflows continue to grow notably faster than the Lump Sum market, up 4.7% over the past year. Among the better performers in percentage growth terms were NobleOak (21.9%), ClearView (11.5%), Zurich (8.5%) and TAL (6.0%).

Overall Group Risk Premium Inflows experienced a 3.7% increase over the past year, with medium-size competitor Zurich reporting the highest growth rate at 16.4%, followed by the largest provider TAL with 6.1%. 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 Jun23