Risk Market Inflows rose slightly by 0.7% over the year to Sep-2024 from $18.2bn to $18.3bn

Year on year overall Risk Premium Inflows finished only marginally higher up just 0.7%. Market leaders TAL (2.1%), AIA (3.7%) and Zurich (2.3%) saw modest Inflow increases but bigger double digit percentage jumps were posted by medium to smaller players MetLife (28.2%), NobleOak (21.4%) and ClearView (10.1%). On the other hand Resolution (-35.3%) reported a fall.

Overall annual Sales in the Risk market jumped by 21.8% mainly due to reported Group Risk Sales more than doubling. Among leading Risk Insurers MetLife (189.9%), TAL (76.5%), ART (20.4%) and NobleOak (20.2%) all saw their Risk Sales jump while those of Resolution (-18.2%), Zurich (-13.0%) and AIA (-10.7%) were lower. The big jumps recorded by TAL and MetLife were largely in respect of Group Risk mandate movements.

Source: Plan For Life

Download Media Release: PFL Media Release - Risk Insurance Sep24