Risk Inflows of $18.3bn finished down just 0.8% over year to June

Year on year Risk Inflows were little changed declining only 0.8% with the Individual Risk Lump Sum and Income sub-markets both fairly flat up 0.8% and down 0.4% respectively while Group Risk was 2.6% lower. TAL (-2.8%) and AIA (-1.5%) Inflows declined slightly but other leaders Zurich (0.7%), Acenda (-0.4%) and MetLife (0.4%) all saw little change. Meanwhile mid-sized insurers ART (7.9%), NobleOak (20.3%) and ClearView (10.4%) reported increased Inflows but Resolution (-7.7%) finished lower.

Overall annual Risk Sales fell 21.8% due to a drop in Group Risk Sales that were down almost two thirds reversing a large jump in 2023/24 when they more than doubled. Individual Risk Lump Sum Sales rose just 1.2% but those of Risk Income fell 8.4%. Insurers recording lower Sales included TAL (-32.7%), AIA (-36.8%) and Zurich (-17.2%) partly offset by NobleOak (33.0%) and ClearView (12.5%) posting double digit growth.

Source: Plan For Life

Download Media Release: PFL Media Release - Risk Insurance Jun25