Life insurance risk market inflows climbed 10% in the 12 months to June 2011 from $8.9 billion to $9.8 billion with TAL, Zurich and AIA recording the three highest inflows. Group risk had a rougher year with mixed results.
According to Plan For Life research released today, all of the main risk market players reported higher inflows including TAL with 19.2% growth, Zurich with 15.6%, AIA Australia recorded 14.1%, BT / Westpac with 13.4% and OnePath Australia picking up 10.3% growth. AMP led the way in new premium sales with 27.4% growth while Suncorp had 16.7%, OnePath with 8.4% and BT / Westpac 7.2% recorded growth. Plan For Life also found the individual risk lump sum market, including term life, total & permanent disablement and trauma insurance, recorded positive inflows of 9.1% over the last twelve months.
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