Inflows into the Lump Sum sub-market fell 0.7% over the past year with mixed company-level results. Among the market leaders, AIA (9.4%), Zurich (4.7%) and TAL (1.7%) experienced the highest percentage increases in their Inflows, with smaller players such as ClearView (10.4%) also reporting impressive growth. Please note that Suncorp merged into TAL Group during the quarter.
Risk Income Inflows again experienced higher growth than the Lump Sum market, up 1.1% over the past year. Among the better performers in percentage terms were Zurich (9.2%), AIA (8.6%) and TAL (3.5%).
Overall Group Risk Premium Inflows experienced 0.1% growth over the past year, although individual company results varied significantly. Of the larger companies, MetLife (11.6%) and AIA (5.3%) recorded well above-average percentage increases in their annual Group Risk Inflows. It should be noted that individual company growth can be significantly impacted by super fund insurance mandate movements.
Source: Strategic Insight (Plan For Life)
Download Media Release: SI_PFL_Media_Release_Risk_0319