Inflows into the Lump Sum sub-market grew by 2.3% with mostly positive company-level results. Among the market leaders, TAL (5.9%), Zurich (3.1%) and MLC (2.8%) experienced the highest percentage increases in their Inflows, with smaller players such as ClearView (15.5%) and AIA (12.5%) also reporting impressive growth.
Risk Income Inflows is experiencing higher growth than the Lump Sum market, up 3.9% over the past year. Among the better performers in percentage terms were TAL (12.2%) and AIA (8.9%).
Overall Group Risk Premium Inflows experienced 1.4% growth over the past year, although individual company results varied significantly. Of the larger companies, TAL (8.1%), OnePath (7.1%) and AIA (5.8%) recorded well above-average percentage increases in their annual Group Risk Inflows. It should be noted that individual company growth can be significantly impacted by super fund insurance mandate movements.
Source: Strategic Insight (Plan For Life)
Download Media Release: SI_PFL_Media_Release_Risk_0318