Direct Life Insurance Market Update 2022
/Direct Life Insurance Market Update 2022
Read MoreLatest media releases covering Australia Retail and Wholesale, Investments and Superannuation, ETFs, Life Insurance, Risk Markets and NZ Kiwisaver.
Direct Life Insurance Market Update 2022
Read MoreRisk Market Inflows rose by 5.0% over the year from $16.8bn to $17.6bn
Read MoreTotal Risk Market Inflows up 5.0% over the year from $16.8bn to $17.6bn
Read MoreRisk Inflows in 2021 were up by 5.5% on those reported in 2020. Market leaders TAL (7.5%) and AIA (7.3%) both recorded above average Inflow increases. Mid-sized insurers MetLife (11.9%), QInsure (10.1%) and in particular much smaller player NobleOak (60.4%) reported double digit Inflow growth rates while the rest finished either modestly higher or little changed.
Total New Premium Sales rose just 2.2% year on year. While BT / Westpac (24.9%), TAL (24.3%) and Zurich (12.6%) reported double digit percentage increases in their Risk Sales these were offset by falls recorded by AIA (-7.5%), Resolution (-7.9%) and ClearView (-8.7%). Again NobleOak outperformed reporting a six-fold jump in its annual Risk Sales, but off a very low base.
Source: Plan For Life
Download Media Release: PFL Media Release - Risk Insurance Dec21
Total Risk Market Inflows up 4.8% over the year from $16.7bn to $17.5bn
Read MoreRisk Market Inflows rose by 5.1% over the year from $16.4bn to $17.2bn
Read MoreTotal Risk Market Inflows up 5.1% over the year from $16.4bn to $17.3bn
Read MoreRisk Inflows rose by 5.1% over the year to June from $16.1bn to $16.9bn
Read MoreGeneration Life wins Investment Bond Overall Excellence Award 2021
Read MoreChallenger wins Longevity Cover Overall Excellence Award 2021
Read MoreTAL Life wins Health & Wellness Overall Excellence Award 2021
Read MoreNobleOak Life wins Direct Life Insurance Overall Excellence Award 2021
Read MoreThe 8th Annual PFL Excellence Awards 2021 celebrate achievements and recognise excellence in product design and innovation across life insurance, investment and retirement solutions.
Read MoreTotal Risk Market Inflows up 5.1% over the year from $16.1bn to $16.9bn
Read MoreLife Insurance Risk Market Inflows rose by 1.2% over the year from $16.5bn to $16.7bn
Read MoreTotal Risk Market Inflows up 1.1% over the year from $16.3bn to $16.5bn
Read MoreRisk Inflows in 2020 were similar to those in 2019, up only marginally by …
Read MoreTotal Risk Market Inflows almost unchanged over the year, up 0.5% to $16.3bn
Read MorePFL / AFA Life Company of the Year Awards 2020 – Winners Announced
Read MoreLife Insurance Risk Market Inflows were almost flat, down just 0.4% at $16.1bn
Read MoreLeading financial services researcher covering Managed Funds, Retirement and Life Insurance in Australia.
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