Risk Inflows were fairly flat down just 0.6% over the year to June from $18.3bn to $18.2bn

Year on year overall Risk Inflows remained little changed declining only a marginal 0.6%. Inflows into the Individual Risk Lump Sum and Risk Income sub-markets were both slightly lower by 2.5% and 1.0% while Group Risk Inflows finished 1.7% higher. Market leader TAL (1.5%) along with 3rd placed Zurich (4.1%) managed to report modest increases while mid-sized insurer MetLife (21.8%) as well as two smaller ones NobleOak (22.6%) and ClearView (10.1%) outperformed with double digit jumps. By contrast those reported by Resolution (-34.9%) fell due to its business being in run-off.

Overall annual Risk Sales jumped 29.3%. Individual Risk Lump Sum and Risk Income Sales were up 7.3% and 3.6% respectively while Group Risk Sales more than doubled jumping 143.1%. Most leading insurers reported increased Risk Sales including in particular TAL (80.7%), MetLife (37.7%), Zurich (26.3%), NobleOak (25.6%), AIA (24.1%), ART (23.2%) and ClearView (20.2%).

Source: Plan For Life

Download Media Release: PFL Media Release - Risk Insurance Jun24