Risk Inflows rose by 3.7% over the year to June from $17.1bn to $17.7bn

Year on year Risk Inflows were up 3.7%. All of the sub-markets finished higher with Individual Risk Lump Sum & Risk Income along with also Group Risk increasing by 2.3%, 5.4% and 4.5% respectively. MetLife (11.0%), market leader TAL (7.9%) and also Zurich (5.6%) reported increased Risk Inflows along with two smaller insurers ClearView (7.5%) and NobleOak (40.5%).

Annual Risk Sales dropped 16.9% due solely to Group Risk Sales more than halving, down by 52.1%. Meanwhile reported Individual Risk Income Sales rose 10.4% but those of Risk Lump Sum finished slightly lower, down 1.8%. Risk Sales of most insurers fell including AIA (-37.5%), Zurich (-8.3%), MLC (-9.8%), MetLife (-35.3%), NobleOak (-18.5%) and ClearView (-9.7%).

Source: Plan For Life

Download Media Release: PFL Media Release - Risk Insurance Jun22