Total Risk Market Inflows down a marginal 0.3% over the year from $18.2bn to $18.1bn

Inflows into the Lump Sum sub-market posted modest growth of 1.1% over the past year with mixed results amongst leading companies, with NobleOak (23.6%), ClearView (9.9%), TAL (1.8%) and Zurich (0.9%) posting positive growth, while Resolution (-0.7%) and AIA (-5.1%) were both down and MLC was almost unchanged. MetLife also reported significant growth although off a much smaller base.

Risk Income Inflows continue to grow noticeably faster than the Lump Sum market, up 2.0% over the past year. Among the better performers in percentage growth terms were NobleOak (23.1%), ClearView (11.6%), MLC (4.7%) and TAL (2.2%).

Overall Group Risk Premium Inflows experienced a 2.9% fall over the past year, with medium-size competitor Zurich reporting the highest growth rate at 29.0% after taking over the Brighter Super insurance mandate from TAL, followed by MetLife (up 1.3%) and QInsure (up 0.9%). 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 Mar24