Inflows into the Lump Sum sub-market grew by 3.5% with most companies reporting at least some increase in business. Among the market leaders, BT / Westpac (9.4%), TAL (7.4%) and Zurich (6.6%) experienced the highest percentage increases in their Inflows year on year. It should be noted that Macquarie Life is now included within Zurich Group.
Risk Income Inflows increased 5.7% over the past year. Among the better performers in percentage terms were AIA (17.7%), TAL (14.2%) and BT / Westpac (8.6%).
Overall Group Risk Premium Inflows were up 2.3%. Of the larger companies, OnePath (13.6%), AIA (10.8%) and National Australia / MLC (9.5%) recorded well above-average percentage increases in their annual Group Risk Inflows.
Source: Strategic Insight (Plan For Life)
Download Media Release: SI PFL Media Release Risk 1216