Latest market data reflects a strong performance by BT/Westpac Life (BT) in the year to September 2009.
Plan For Life’s September Quarter Report on Life Insurance Premium Inflows and Sales shows BT has achieved the highest growth rate for inforce business and new business sales in the year to September 2009, across both individual lump sum and income protection products.
Commenting on his company’s performance, BT Financial Group Head of Life Insurance, Phil Hay, said “Over the past twelve months we’ve invested heavily in all areas of our insurance business, with a view to making it easier for advisers to write insurance.”
“The September sales figures demonstrate that the changes we have made are resonating with advisers and customers, and I look forward to continuing this partnership in 2010,” said Mr Hay.
While BT had the highest growth rate across individual risk products, AIA Australia continued its strong performance in the group risk market, growing by over 130% in the year to September 2009.
Overall inflows for life insurance products increased by around 15% in the year to September 2009, reaching the $8 billion mark for the first time.
Top 5 Companies Total Risk Premium Inflows (Market Share)
- CommInsure
- ING
- National Australia/MLC Group
- TOWER
- AMP
Top 5 Companies Total Risk Premium Inflows (Growth)
- AIA Australia
- BT/Westpac
- Aviva
- ING
- AMP
Top 5 Companies Total Risk Premium Sales (Market Share)
- AIA Australia
- CommInsure
- ING
- National Australia/MLC Group
- AMP
Top 5 Companies Total Risk Premium Sales (Growth)
- AIA Australia
- BT/Westpac
- National Australia/MLC Group
- TOWER
- AMP
Top 5 Companies Individual Risk Lump Sum Inflows (Market Share)
- CommInsure
- ING
- National Australia/MLC Group
- AMP
- TOWER
Top 5 Companies Individual Risk Lump Sum Inflows (Growth)
- BT/Westpac
- AMP
- Aviva
- TOWER
- CommInsure
Top 5 Companies Individual Risk Lump Sum Sales (Market Share)
- CommInsure
- ING
- National Australia/MLC Group
- TOWER
- AMP
Top 5 Companies Individual Risk Lump Sum Sales (Growth)
- BT/Westpac
- National Australia/MLC Group
- AMP
- CommInsure
- TOWER
Top 5 Companies Individual Risk Income Protection Inflows (Market Share)
- National Australia/MLC Group
- AXA
- CommInsure
- Suncorp Group
- ING
Top 5 Companies Individual Risk Income Protection Inflows (Growth)
- BT/Westpac
- Aviva
- ING
- CommInsure
- TOWER
Top 5 Companies Individual Risk Income Protection Sales (Market Share)
- National Australia/MLC Group
- CommInsure
- ING
- AMP
- TOWER
Top 5 Companies Individual Risk Income Protection Sales (Growth)
- BT/Westpac
- TOWER
- ING
- CommInsure
- Aviva
Top 5 Companies Group Risk Inflows (Market Share)
- AIA Australia
- CommInsure
- ING
- TOWER
- MetLife
Top 5 Companies Group Risk Sales (Market Share)
- AIA Australia
- AMP
- CommInsure
- National Australia/MLC Group
- TOWER
