Total Risk Market Inflows down 1.5% to $18.1bn

Inflows into the Lump Sum sub-market posted a fall of 2.9% over the past year with mixed results amongst leading companies, with NobleOak (20.8%), ClearView (7.7%), Zurich (2.5%) and TAL (1.7%) posting positive growth, offset by Resolution (-35.5%) and AIA (-8.7%) who were both down. Much of the Resolution drop relates to the AMP Super mandate which transitioned to TAL during the June quarter, part of which was previously classified by Resolution as Individual Risk business but is now included by TAL under Group Risk.

Risk Income Inflows also fell and by marginally more than the Lump Sum market, down 2.9% over the past year. Among the better performers in percentage growth terms were NobleOak (20.1%) and ClearView (8.0%), with all other leading players posting marginal or negative growth.

Overall Group Risk Premium Inflows experienced a small 0.6% rise over the past year, with MetLife reporting the highest growth rate, up 15.4% after taking over the UniSuper mandate from TAL during the year, while ART (8.0%) and Zurich (5.3%) also posted increases. 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 Dec24