Overview of Life Insurance Risk Market Inflows & Sales: 12 months to December 2014
The Life Insurance Risk Market is comprised of both Individual Risk Lump Sum & Risk Income Insurances plus Group Risk Insurance.
Overall Risk Inflows continued to grow, up by a further 11.2% during the 2014 calendar year. All companies experienced increases in their Risk business with the highest percentage growth rates being recorded by AIA (24.2%), TAL (17.9%), BT / Westpac (15.0%), MetLife (10.1%) and OnePath (9.7%).
New Premium Sales were little changed year on year, down by just 1.8%, however AIA (57.5%), Zurich (17.2%), OnePath (7.0%), AMP (6.6%) and BT / Westpac (5.2%) all managed to record increases in their annual Risk sales.