Inflows into the Lump Sum sub-market grew by 3.9% with most companies reporting at least some increase in business. Among the market leaders, AIA (17.0%), BT / Westpac (6.9%) and TAL (6.9%) experienced the highest percentage increases in their Inflows year on year.
Risk Income Inflows increased 7.0% over the past year. Among the better performers in percentage terms were BT / Westpac (18.9%), AIA (18.7%) and TAL (12.5%).
Overall Group Risk Premium Inflows were up 2.0%. Of the larger companies, TAL (13.7%, mainly due to being awarded the CBUS insurance mandate), AIA (12.0%) and OnePath (8.0%) recorded well above-average percentage increases in their annual Group Risk Inflows.
Source: Strategic Insight (Plan For Life)
Download Media Release: PFL SI Media Release Risk 0916