Risk Inflows rose by 5.1% over the year to June from $16.1bn to $16.9bn

Year on year overall Risk Inflows were up 5.1% with most companies reporting increases led by AIA (18.9%), ClearView (7.0%), Zurich (5.6%) and market leader TAL (5.1%). By contrast BT / Westpac (-20.2%) reported a significant fall.

Annual reported Risk Sales declined 6.0%. The Individual Risk Lump Sum and Income markets both finished up by 6.2% and 11.9% respectively but both these increases were more than offset by a fall in Group Risk sales that were down by a quarter. AIA (115.2%), ClearView (23.7%) and MLC (13.7%) reported increases while TAL (-67.8%) fell.

Source: Plan For Life

Download Media Release: PFL Media Release - Risk Insurance Jun21