{"id":12783,"date":"2011-10-10T17:10:25","date_gmt":"2011-10-10T07:10:25","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=12783"},"modified":"2021-04-15T10:19:33","modified_gmt":"2021-04-15T00:19:33","slug":"risk-sales-on-the-rise","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2011\/10\/10\/risk-sales-on-the-rise\/","title":{"rendered":"Income Insurance Sales on the Rise"},"content":{"rendered":"<p>The individual risk income insurance market\u00a0experienced significant sales growth over the past year,\u00a0according to the latest Life Insurance Risk Premium Inflows &amp; Sales\u00a0data from Plan for Life.<\/p>\n<p><!--more-->After two relatively slow periods (ending December 2010 and March 2011), the researcher\u00a0reports sales of individual income insurance have jumped by 18.7% year on year for the period ending June 2011.\u00a0 Similarly, inflows in this market grew by 12.3%, up from 9.5% in March.<\/p>\n<p>Overall,\u00a0the researcher reported that\u00a0total growth in inflows for the life insurance market (including group and individual products)\u00a0remained steady at 10% for the 12 months to June 2011.<\/p>\n<p>New premium sales growth for the total insurance market\u00a0was slightly down on March, reaching 6.1% year on year.<\/p>\n<p>Plan for Life said that premium inflows into the individual lump sum market continued to experience solid growth and overall were up another 9.1% over the last twelve months, and sales up 5.9%.\u00a0 In contrast, sales in the group risk market were flat, down by 0.4% on the past twelve months.<\/p>\n<p>The top-ranked insurers across market share and growth categories in the year to 30 June 2011 were:<\/p>\n<p>Top 5 Companies\u00a0<strong>Total Risk Premium Inflows<\/strong> (<em>Market Share<\/em>)<\/p>\n<ul>\n<li>AMP<\/li>\n<li>National Australia\/MLC<\/li>\n<li>TAL<\/li>\n<li>CommInsure<\/li>\n<li>OnePath<\/li>\n<\/ul>\n<p>Top 5 Companies <strong>Total Risk Premium<\/strong> <strong>Inflows<\/strong> (<em>Growth<\/em>)<\/p>\n<ul>\n<li>TAL<\/li>\n<li>Zurich<\/li>\n<li>AIA<\/li>\n<li>BT\/Westpac<\/li>\n<li>OnePath<\/li>\n<\/ul>\n<p>\u00a0Top 5 Companies <strong>Total Risk Premium<\/strong> <strong>Sales<\/strong> <em>(Market Share)<\/em><\/p>\n<ul>\n<li>AMP<\/li>\n<li>TAL<\/li>\n<li>OnePath<\/li>\n<li>National Australia\/MLC<\/li>\n<li>CommInsure<\/li>\n<\/ul>\n<p>Top 5 Companies <strong>Total Risk Premium<\/strong> <strong>Sales<\/strong> <em>(Growth)<\/em><\/p>\n<ul>\n<li>AMP<\/li>\n<li>Suncorp<\/li>\n<li>OnePath<\/li>\n<li>BT\/Westpac<\/li>\n<li>Comminsure<\/li>\n<\/ul>\n<p>Top 5 Companies <strong>Individual Risk Lump Sum Inflows<\/strong> <em>(Market Share)<\/em><\/p>\n<ul>\n<li>AMP<\/li>\n<li>National Australia\/MLC<\/li>\n<li>CommInsure<\/li>\n<li>OnePath<\/li>\n<li>TAL<\/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<\/li>\n<li>Zurich<\/li>\n<li>Suncorp<\/li>\n<li>BT\/Westpac<\/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>AMP<\/li>\n<li>OnePath<\/li>\n<li>CommInsure<\/li>\n<li>National Australia\/MLC<\/li>\n<li>TAL<\/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>Suncorp<\/li>\n<li>AMP<\/li>\n<li>AIA<\/li>\n<li>Zurich<\/li>\n<li>BT\/Westpac<\/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>National Australia\/MLC<\/li>\n<li>AMP<\/li>\n<li>CommInsure<\/li>\n<li>OnePath<\/li>\n<li>Suncorp<\/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<\/li>\n<li>OnePath<\/li>\n<li>Zurich<\/li>\n<li>TAL<\/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>AMP<\/li>\n<li>National Australia\/MLC<\/li>\n<li>OnePath<\/li>\n<li>CommInsure<\/li>\n<li>TAL<\/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>OnePath<\/li>\n<li>AIA<\/li>\n<li>TAL<\/li>\n<li>BT\/Westpac<\/li>\n<li>Zurich<\/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<\/li>\n<li>TAL<\/li>\n<li>OnePath<\/li>\n<li>CommInsure<\/li>\n<li>AMP<\/li>\n<\/ul>\n<p>Top 5 Companies <strong>Group Risk Sales<\/strong> <em>(Market Share)<\/em><\/p>\n<ul>\n<li>TAL<\/li>\n<li>AMP<\/li>\n<li>AIA<\/li>\n<li>CommInsure<\/li>\n<li>National Australia\/MLC<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The individual risk income insurance market\u00a0experienced significant sales growth over the past year,\u00a0according to the latest Life Insurance Risk Premium Inflows &amp; Sales\u00a0data from Plan for Life.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-12783","post","type-post","status-publish","format-standard","category-general"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/12783","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\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=12783"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/12783\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=12783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=12783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=12783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}