Risk Market Inflows rose by 5.1% over the year from $16.4bn to $17.2bn

Year on year overall Risk Premium Inflows finished 5.1% higher. Both market leaders TAL (6.1%) and AIA (6.5%) reported annual Inflow increases. Meanwhile bigger percentage jumps were recorded by medium to smaller players QInsure (22.6%) and NobleOak (60.0%).

Overall annual Sales in the Risk market fell by 18.5% due to reported Group Risk Sales finishing down by more than a half. TAL (-64.3%) and AIA (-9.4%) finished down while by contrast Zurich (20.5%), MLC (16.6%) and BT / Westpac (10.8%) posted double digit percentage increases. NobleOak saw its reported Sales increase significantly but off a low base.

Source: Plan For Life

Download Media Release: PFL Media Release - Risk Insurance Sep21