{"id":11566,"date":"2011-07-27T12:07:25","date_gmt":"2011-07-27T02:07:25","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=11566"},"modified":"2021-04-15T10:17:36","modified_gmt":"2021-04-15T00:17:36","slug":"risk-sales-continue-slow-growth-pattern","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2011\/07\/27\/risk-sales-continue-slow-growth-pattern\/","title":{"rendered":"Risk Sales Continue Slow Growth Pattern"},"content":{"rendered":"<p>Plan For Life&#8217;s\u00a0latest Premium Inflows and Sales Report\u00a0continues to document a very\u00a0modest sales growth pattern in the life isurance sector.<\/p>\n<p>In its latest report for the year ending March 2011, the trend of low single digit growth in the individual insurance market\u00a0reflects similar numbers in the research firm&#8217;s three previous quarterly reports.<\/p>\n<p><!--more-->Overall\u00a0sales growth in the year ended March 2011 was 8.7%, but this number mostly relates to gains in the volatile group insurance sector.<\/p>\n<p>Within the individual retail\u00a0insurance market, PFL says lump sum insurance sales increased\u00a0by&#8217;&#8230; a fairly modest 4.5%&#8217;, while income protection sales grew by a &#8216;moderate&#8217; 4.0% during the period.<\/p>\n<p>These numbers follow PFL&#8217;s\u00a0December 2010 reporting, where it says lump sum and income protection sales grew by approximately 3% and 2% respectively during the 2010 year.<\/p>\n<p>With overall premium inflows continuing solid growth of 10.4%, the top-ranked insurers across market share and growth categories in the year to 31 March 2011\u00a0were:<\/p>\n<p>Top 5 Companies\u00a0<strong>Total Risk Premium Inflows<\/strong> (<em>Market Share<\/em>)<\/p>\n<ul>\n<li>NAB\/MLC Group<\/li>\n<li>TOWER<\/li>\n<li>CommInsure<\/li>\n<li>OnePath<\/li>\n<li>AIA Australia<\/li>\n<\/ul>\n<p>Top 5 Companies <strong>Total Risk Premium<\/strong> <strong>Inflows<\/strong> (<em>Growth<\/em>)<\/p>\n<ul>\n<li>TOWER<\/li>\n<li>AIA Australia<\/li>\n<li>BT\/Westpac<\/li>\n<li>OnePath<\/li>\n<li>CommInsure<\/li>\n<\/ul>\n<p>Top 5 Companies <strong>Total Risk Premium<\/strong> <strong>Sales<\/strong> <em>(Market Share)<\/em><\/p>\n<ul>\n<li>TOWER<\/li>\n<li>OnePath<\/li>\n<li>NAB\/MLC Group<\/li>\n<li>CommInsure<\/li>\n<li>AMP<\/li>\n<\/ul>\n<p>Top 5 Companies <strong>Total Risk Premium<\/strong> <strong>Sales<\/strong> <em>(Growth)<\/em><\/p>\n<ul>\n<li>AIA Australia<\/li>\n<li>AMP<\/li>\n<li>TOWER<\/li>\n<li>OnePath<\/li>\n<li>AXA Australia<\/li>\n<\/ul>\n<p>Top 5 Companies <strong>Individual Risk Lump Sum Inflows<\/strong> <em>(Market Share)<\/em><\/p>\n<ul>\n<li>NAB\/MLC Group<\/li>\n<li>CommInsure<\/li>\n<li>OnePath<\/li>\n<li>AMP<\/li>\n<li>TOWER<\/li>\n<\/ul>\n<p>Top 5 Companies <strong>Individual Risk Lump Sum<\/strong> <strong>Inflows<\/strong> <em>(Growth)<\/em><\/p>\n<ul>\n<li>AIA Australia<\/li>\n<li>Zurich<\/li>\n<li>OnePath<\/li>\n<li>TOWER<\/li>\n<li>CommInsure<\/li>\n<\/ul>\n<p>Top 5 Companies <strong>Individual Risk Lump Sum<\/strong> <strong>Sales<\/strong> <em>(Market Share)<\/em><\/p>\n<ul>\n<li>OnePath<\/li>\n<li>NAB\/MLC Group<\/li>\n<li>CommInsure<\/li>\n<li>TOWER<\/li>\n<li>AMP<\/li>\n<\/ul>\n<p>Top 5 Companies <strong>Individual Risk Lump Sum<\/strong> <strong>Sales<\/strong> <em>(Growth)<\/em><\/p>\n<ul>\n<li>AMP<\/li>\n<li>Zurich<\/li>\n<li>Suncorp Group<\/li>\n<li>OnePath<\/li>\n<li>AXA Australia<\/li>\n<\/ul>\n<p>Top 5 Companies <strong>Individual Risk Income Protection<\/strong> <strong>Inflows<\/strong> <em>(Market Share)<\/em><\/p>\n<ul>\n<li>NAB\/MLC Group<\/li>\n<li>CommInsure<\/li>\n<li>AXA Australia<\/li>\n<li>OnePath<\/li>\n<li>Suncorp Group<\/li>\n<\/ul>\n<p>Top 5 Companies <strong>Individual Risk Income Protection<\/strong> <strong>Inflows<\/strong> <em>(Growth)<\/em><\/p>\n<ul>\n<li>BT\/Westpac<\/li>\n<li>AIA Australia<\/li>\n<li>OnePath<\/li>\n<li>Zurich<\/li>\n<li>CommInsure<\/li>\n<\/ul>\n<p>Top 5 Companies <strong>Individual Risk Income Protection<\/strong> <strong>Sales<\/strong> <em>(Market Share)<\/em><\/p>\n<ul>\n<li>NAB\/MLC Group<\/li>\n<li>OnePath<\/li>\n<li>CommInsure<\/li>\n<li>AXA Australia<\/li>\n<li>TOWER<\/li>\n<\/ul>\n<p>Top 5 Companies<strong> Individual Risk Income Protection<\/strong> <strong>Sales<\/strong> <em>(Growth)<\/em><\/p>\n<ul>\n<li>AIA Australia<\/li>\n<li>OnePath<\/li>\n<li>AXA Australia<\/li>\n<li>Zurich (equal third)<\/li>\n<li>BT\/Westpac<\/li>\n<\/ul>\n<p>Top 5 Companies <strong>Group Risk<\/strong> <strong>Inflows<\/strong> <em>(Market Share)<\/em><\/p>\n<ul>\n<li>AIA Australia<\/li>\n<li>TOWER<\/li>\n<li>OnePath<\/li>\n<li>CommInsure<\/li>\n<li>National Australia\/MLC Group<\/li>\n<\/ul>\n<p>Top 5 Companies <strong>Group Risk Sales<\/strong> <em>(Market Share)<\/em><\/p>\n<ul>\n<li>TOWER<\/li>\n<li>AIA Australia<\/li>\n<li>National Australia\/MLC Group<\/li>\n<li>CommInsure<\/li>\n<li>OnePath<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Plan For Life&#8217;s\u00a0latest Premium Inflows and Sales Report\u00a0continues to document a very\u00a0modest sales growth pattern in the life isurance sector. In its latest report for the year ending March 2011, the trend of low single digit growth in the individual insurance market\u00a0reflects similar numbers in the research firm&#8217;s three previous quarterly reports.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-11566","post","type-post","status-publish","format-standard","category-general"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/11566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=11566"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/11566\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=11566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=11566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=11566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}