Life Insurance Risk Market Inflows up 13.2% over the year from $11.7bn to $13.2bn.
Premium Inflows increased 13.2%. Among the medium to large sized companies MetLife (97.1%), TAL (36.3%), AIA Australia (18.0%), BT / Westpac (17.9%), National Australia / MLC (8.9%) and CommInsure (7.4%) recorded the highest growth.
Year on year overall Sales were up by more than a quarter, or 25.7% on the back of a sharp 88.3% reported jump in Group Risk sales. MetLife (311.9%), off a relatively low base, TAL (127.0%), National Australia / MLC (33.7%), BT / Westpac (10.1%) and AIA (6.6%) all reported increases in their annual Risk sales.
The Life Insurance Risk Market is comprised of both Individual Risk Lump Sum & Risk Income Insurances plus Group Risk Insurance.
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