Risk Market Inflows rose slightly by 1.1% over the year from $18.0bn to $18.2bn

Year on year overall Risk Premium Inflows finished a little higher up 1.1%. Market leader TAL (3.2%) and No. 3 Zurich (5.8%) reported annual Inflow increases but those of 2nd placed AIA (-4.8%) declined while those of MLC (-0.1%) ended almost flat. Meanwhile smaller players ClearView (9.6%) and NobleOak (24.6%) recorded a couple of the biggest percentage jumps.

Overall annual Sales in the Risk market decreased by 2.1% mainly due to Group Risk Sales dropping by close to a quarter. Among leading Risk Insurers TAL (9.0%) and Zurich (12.2%) saw their sales rise however Resolution (-29.2%), AIA (-21.2%) and MetLife (-9.7%) all experienced significant falls.

Source: Plan For Life

Download Media Release: PFL Media Release - Risk Insurance Sep23