Risk Market Inflows totaling $18.2bn were virtually flat rising just 0.2% over the past year

Year on year overall Risk Inflows remained little changed finishing up by a marginal 0.2% with market leader TAL (-0.9%) and No 4 player MLC (-0.4%) both echoing this subdued result. The rest of the Risk players were mixed with runner-up AIA (-4.4%) and Resolution (-2.8%) finishing lower while Zurich (5.9%) and MetLife (5.4%) as well as in particular two smaller insurers NobleOak (23.4%) and ClearView (10.5%) all recording increased annual Inflows.

New Premium Sales increased 11.1%. Most companies saw higher sales including Zurich (40.8%), TAL (15.7%), AIA (15.1%), NobleOak (32.7%), ClearView (23.0%) and QInsure (20.3%) while by contrast those reported by both Resolution (-30.7%) and MetLife (-37.1%) were down with all of MetLife's fall attributable to Group Risk business.

Source: Plan For Life

Download Media Release: PFL Media Release - Risk Insurance Mar24