Overview of Life Insurance Risk Market Inflows & Sales: 12 months to September 2016
Overall Risk Premium Inflows increased by a fairly modest 3.6% year on year, nevertheless despite this AIA (13.3%), TAL (11.5%) and BT / Westpac (10.1%) all still managed to record double digit percentage growth rates.
Annual Sales in the Risk market rose 7.5%, after staging a partial bounce back from the 23.2% fall experienced in the previous year. Market leaders TAL (138.2%) and AIA (40.6%) both reported large jumps in their Risk Sales year on year again recovering from equally large falls they suffered in the previous twelve months with in particular volatility in the Group Risk market driving all these results.
The Life Insurance Risk Market is comprised of both Individual Risk Lump Sum & Risk Income Insurances plus Group Risk Insurance.
Source: Strategic Insight (Plan For Life)
Download Media Release (PDF): PFL SI Media Release Risk Insurance 916