Life Insurance Risk Market Inflows were almost flat, down just 0.4% at $16.1bn

Year on year overall Risk Premium Inflows remained virtually unchanged, decreasing by a very marginal 0.4%. While sub-market leader TAL (15.7%) and ClearView (7.9%) reported Inflow increases these were offset by the falls recorded by both BT / Westpac (-20.8%) and AIA (-10.1%). With the exception of Clearview, all these results were mainly driven by changes in their respective Group Risk business.

Overall annual Sales in the Risk market jumped sharply by more than a quarter, or 28.9%. Year on year TAL (193.8%) and AIA (61.1%) both posted very large increases however those of all the other Risk market insurers were lower with in particular MetLife (-44.0%), MLC (-15.9%), Zurich (-13.5%), Resolution (-11.3%) and BT / Westpac (-11.1%) all experiencing double digit percentage falls. Again in the cases of TAL, AIA and MetLife it was Group Risk Sales that were by far the main contributor to these overall results.

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

Source: Plan For Life

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