Total market inflows reach $16.5bn

Inflows into the individual risk lump sum sub-market grew by 1.8 per cent over the year ending September 2018, with mostly positive company-level results, Strategic Insight said.

Among the market leaders, TAL (4.9 per cent), Zurich (3.7 per cent) and BT/Westpac (2.0 per cent) experienced the highest percentage increases in their inflows, with smaller players such as ClearView (12.4 per cent) and AIA (11.7 per cent) also reporting impressive growth.

Risk income inflows experienced higher growth than the lump sum market, up 3.4 per cent over the past year.

Among the better performers in percentage terms in the risk income market were TAL (9.3 per cent) and AIA (7.6 per cent).

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

Of the larger companies, MetLife (14.5 per cent) and OnePath (5.7 per cent) recorded well above average percentage increases in their annual group risk inflows.

However, Strategic Insight 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].