Life Insurance Risk Market Inflows fall 4.8% over the year from $16.5bn to $15.7bn

Year on year Risk Premium Inflows declined 4.8% with those of CommInsure (-20.3%), AMP (-8.9%), AIA (-8.1%), BT / Westpac (-6.9%), MLC (-4.5%) and Zurich (-3.2%) all lower. However going against this generally negative trend MetLife (5.0%) along with smaller player ClearView (10.3%) managed to report a couple of increases while those of market leader TAL (0.8%) remained little changed.

Overall annual Sales in the Risk market dropped sharply by almost a quarter, or 24.2%. While AMP (-63.8%),
BT / Westpac (-61.7%), AIA (-42.8%) and CommInsure (-35.7%) all experienced very significant falls in their Risk Sales year on year those of MetLife (27.0%), MLC (8.9%) and Zurich (6.0%) were higher.

The Life Insurance Risk Market is comprised of both Individual Risk Lump Sum & Risk Income Insurances plus Group Risk Insurance.

Source: Plan For Life

Download Media Release: PFL_Media_Release_Risk_Insurance_919