Inflows into the Lump Sum sub-market grew by only 0.2% over the past year with mixed company-level results. Among the market leaders, Zurich (5.3%), TAL (4.0%) and Suncorp (1.4%) experienced the highest percentage increases in their Inflows, with smaller players such as ClearView (11.2%) and AIA (10.6%) also reporting impressive growth.
Risk Income Inflows again experienced higher growth than the Lump Sum market, up 1.9% over the past year. Among the better performers in percentage terms were AIA (7.7%), TAL (6.4%) and Suncorp (6.0%).
Overall Group Risk Premium Inflows experienced 4.0% growth over the past year, although individual company results varied significantly. Of the larger companies, AIA (20.6%) and MetLife (13.0%) 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_1218