Total risk market remains steady in March

The figures show individual risk inflows into the lump sum sub-market fell 0.7 per cent over the past year with mixed company-level results.

Among the market leaders, AIA (9.4 per cent), Zurich (4.7 per cent) and TAL (1.7 per cent) experienced the highest percentage increases in their inflows, with smaller players such as ClearView (10.4 per cent) also reported significant growth.

Strategic Insight noted in its results that that Suncorp merged into TAL Group during the quarter.

Risk income inflows again experienced higher growth than the lump sum market, up 1.1 per cent over the past year.

Among the better performers in the sector in percentage terms were Zurich (9.2 per cent), AIA (8.6 per cent) and TAL (3.5 per cent).

On the group risk premium front, inflows experienced 0.1 per cent growth over the past year despite individual company results varying significantly.

Of the larger companies, MetLife (11.6 per cent) and AIA (5.3 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].