Overview of Life Insurance Risk Market Inflows & Sales: 12 months to September 2017
Overall Risk Premium Inflows increased by just 2.5% year on year, despite this Zurich (68.8%), MetLife (12.8%), TAL (10.0%) and AIA (8.2%) still managed to record significant percentage growth rates; Zurich's jump was due to its takeover of Macquarie Life business.
Annual Sales in the Risk market fell 10.1%. While MetLife (204.8%) and Zurich (43.6%) both reported large jumps in their Risk Sales year on year those of most of the rest were substantially lower with in particular volatility in the Group Risk market a significant factor in many of 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): SI_PFL_Media_Release_Risk_Insurance_917