During 2023 Life Insurance Risk Inflows remained virtually unchanged to total $18.1bn

Overall Risk Inflows in 2023 were only marginally lower by 0.2% than those reported for 2022. Market leader TAL (-0.1%) reflected this overall market result while the performance of the other main players was mixed with AIA (-4.5%), MLC (-1.6%) as well as Resolution (-5.5%) reporting decreases while Zurich (4.0%) and MetLife (5.4%) reported a couple of increases. Meanwhile smaller players NobleOak (24.2%) and ClearView (10.5%) both saw double digit percentage annual Inflow growth.

Year on year New Premium Sales were up 8.8%. Market leaders TAL (18.1%), AIA (9.4%) and Zurich (38.8%) along with smaller players NobleOak (37.5%) and ClearView (20.0%) experienced increases in Risk Sales, partially offset by falls reported by MetLife (-38.1%), due to its Group Risk Sales dropping back after jumping sharply in 2022 and Resolution (-30.1%).

Source: Plan Flor Life

Download Media Release: PFL Media Release - Risk Insurance Dec23