The Life Insurance Risk Market is comprised of both Individual Risk Lump Sum & Risk Income Insurances plus Group Risk Insurance.
Overall Risk Inflows continued to grow strongly up by a further 11.1%. Virtually all of the main participants in the Risk market reported higher Inflows with MetLife (95.0%), TAL (25.8%), AIA (20.1%) and BT / Westpac (17.3%) reporting the largest percentage increases.
New Premium Sales were similarly up 10.8% year on year. Again MetLife (252.2%), off a low base, TAL (45.4%), BT / Westpac (10.5%) and AIA (9.2%) recorded the highest growth along with National Australia / MLC (8.6%) while all of the rest of the leading companies reported lower annual Risk sales compared to 2012/13.
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