Inflows into the Lump Sum sub-market grew by 4.7% with most companies reporting at least some increase in business. Among the market leaders, AIA (17.3%), BT / Westpac (7.6%) and TAL (7.0%) experienced the highest percentage increases in their Inflows year on year.
Risk Income Inflows increased 6.9% over the past year. Among the better performers in percentage terms were BT / Westpac (18.4%), AIA (17.6%) and TAL (12.3%).
Overall Group Risk Premium Inflows were up 5.7%. Of the larger companies, TAL (27.1%, mainly due to being awarded the CBUS insurance mandate), OnePath (14.7%) and AIA (14.0%) 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 616