Risk market inflows rose 1.8% over FY18

Strategic Insight’s latest figures also show individual risk lump sum premium inflows grew by two per cent with mostly positive company-level results.

Among the market leaders, TAL (5.5 per cent), Zurich (3.4 per cent) and Suncorp (2.2 per cent) experienced the highest percentage increases in their Inflows, with smaller players such as ClearView (14.1 per cent) and AIA (11.7 per cent) also reporting impressive growth.

However, risk income premium inflows experienced higher growth than the lump sum market, up 3.3 per cent over the past years.

Among the better performer in this segment in percentage terms were TAL (11.6 per cent) and AIA (8.5 per cent).

Overall group risk premium inflows grew by 0.9 of a percentage point over the past years, although individual company results varied significantly.

“Of the larger companies, AIA (7.6 per cent) and OnePath (6.4 per cent) recorded well above-average percentage increases in their annual group risk Inflows,” Strategic Insight said.

“It should be noted that individual company growth can be significantly impacted by super fund insurance mandate movements.”

Adrian Flores

Adrian Flores is a deputy editor at Momentum Media, focusing mainly on banking, wealth management and financial services. He has also written for Public Accountant, Accountants Daily and The CEO Magazine.

You can contact him on [email protected].