Total Risk Market Inflows up 5.0% over the year from $16.8bn to $17.6bn

Inflows into the Lump Sum sub-market posted stable growth of 2.3% over the past year with most leading companies apart from AMP and BT / Westpac (both down 1.1%) posting positive results, including ClearView (5.7%), Zurich (4.2%) and TAL (2.9%). NobleOak and Integrity also reported significant growth although each off smaller bases.

Risk Income Inflows continue to grow significantly faster than the Lump Sum market, up 6.7% over the past year. Among the better performers in percentage growth terms were BT / Westpac (14.6%), ClearView (6.3%), MLC (5.7%) and Zurich (5.5%).

Overall Group Risk Premium Inflows experienced a 7.2% increase over the past year, with the two largest companies, TAL and AIA reporting growth rates of 13.1% and 3.5% 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 Mar22