During 2022 overall Life Insurance Risk Inflows increased from $17.6bn to $18.1bn

Risk Inflows in 2022 were 2.5% higher than those reported in 2021. Market leader TAL (4.3%) recorded an increase in its annual Inflows while the performance of the other Top 5 players was mixed with AIA (-1.6%), Zurich (7.9%), MLC (1.7%) and Resolution (-2.9%). Meanwhile smaller player NobleOak (25.6%) reported a very significant jump in its Inflows.

Year on year New Premium Sales were down by 13.7%. While market leaders TAL (-22.3%) and AIA (-37.0%) experienced a couple of substantial double digit percentage falls in their annual Risk Sales these were partially offset by increases reported by in particular MetLife (80.0%), thanks to a very large jump in its Group Risk Sales, as well as ClearView (18.8%).

Source: Plan For Life

Download Media Release: PFL Media Release - Risk Insurance Dec22