Total Risk Market Inflows up 4.8% over the year from $16.7bn to $17.5bn

Inflows into the Lump Sum sub-market posted steady growth of 2.6% over the past year with most leading companies apart from AMP (down 0.3%) and BT / Westpac (down 1.8%) posting positive results, including ClearView (4.6%), AIA (4.3%), TAL (3.2%) and Zurich (2.8%). NobleOak and Integrity also reported significant growth although each off smaller bases.

Risk Income Inflows experienced over double the growth of the Lump Sum market, up 5.5% over the past year. Among the better performers in percentage growth terms were BT / Westpac (10.2%), ClearView (6.9%) and Zurich (4.8%).

Overall Group Risk Premium Inflows experienced a 7.1% increase over the past year, driven in part by a recovery from the impact of ‘Putting Member’s Interests First’ legislation during 2020. The two largest companies, TAL and AIA reported above-average growth rates of 10.8% and 10.3% respectively. 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 Dec21