Total Risk Market Inflows up 1.6% over the year from $18.0bn to $18.2bn

Inflows into the Lump Sum sub-market posted modest growth of 2.9% over the past year with mixed results amongst leading companies, with NobleOak (25.9%), ClearView (8.5%), Zurich (4.6%) and TAL (3.1%) posting positive growth, while Resolution (-2.5%) reported a fall and both AIA and MLC were almost unchanged. MetLife also reported significant growth although off a much smaller base.

Risk Income Inflows continue to grow notably faster than the Lump Sum market, up 4.0% over the past year. Among the better performers in percentage growth terms were NobleOak (22.8%), ClearView (11.7%), TAL (7.1%) and Zurich (3.9%).

Overall Group Risk Premium Inflows experienced a 1.0% fall over the past year, with medium-size competitor Zurich reporting the highest growth rate at 30.3% after taking over the Brighter Super insurance mandate from TAL, followed by QInsure (up 3.5%) and the largest provider TAL (up 1.9%). It should be noted that individual company growth can be significantly impacted by super fund insurance mandate movements.

Source: Plan For Life

Download Media Release: PFL Media Release - Risk Sep23