Inflows into the Lump Sum sub-market grew by 1.8% with mostly positive company-level results. Among the market leaders, TAL (4.9%), Zurich (3.7%) and BT / Westpac (2.0%) experienced the highest percentage increases in their Inflows, with smaller players such as ClearView (12.4%) and AIA (11.7%) also reporting impressive growth.
Risk Income Inflows are experiencing higher growth than the Lump Sum market, up 3.4% over the past year. Among the better performers in percentage terms were TAL (9.3%) and AIA (7.6%).
Overall Group Risk Premium Inflows experienced 0.9% growth over the past year, although individual company results varied significantly. Of the larger companies, MetLife (14.5%) and OnePath (5.7%) 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_0918