{"id":30313,"date":"2015-07-21T09:19:57","date_gmt":"2015-07-20T23:19:57","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=30313"},"modified":"2015-07-21T09:19:57","modified_gmt":"2015-07-20T23:19:57","slug":"risk-sales-continue-to-fall","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2015\/07\/21\/risk-sales-continue-to-fall\/","title":{"rendered":"Risk Sales Continue to Fall"},"content":{"rendered":"

Premium inflows were up year on year this March, but sales fell more than 10%, the latest figures from Plan For Life have shown.<\/p>\n

The researcher has released its latest Life Insurance Risk Market Inflows and Sales report for the year ending March 2015. While premium inflows increasing by 9.4% for the period, sales fell 13.2%.<\/p>\n

The decline was due in particular to a fall in group risk sales of 28.8%. According to Plan For Life, group risk sales have now fallen back closer to normal levels, after a sharp increase of almost 90% in the previous year.<\/p>\n

AIA reported the strongest growth of 44% in overall risk sales for the period, followed by CommInsure (9.5%), OnePath (7.8%) and AMP (6.8%).<\/p>\n

Individual risk lump sum inflows grew by 6.3%, but sales were down 2.4%. In the individual risk income market, inflows were up 5.6%, while sales were down 4.8% on the previous year.\u00a0Group risk inflows increased by 15% in the 12 months to 31 March 2015.<\/p>\n

The top-ranked insurers across market share and growth categories in the year to 31 March 2015 were:<\/p>\n

(Note: the numbers in brackets represent the insurers\u2019 position as reported for the period ending 30 September 2014)<\/em><\/p>\n

Top 5 Companies Total Risk Premium Inflows<\/strong> (Market Share)<\/p>\n

    \n
  1. TAL (1)<\/li>\n
  2. AMP (2)<\/li>\n
  3. AIA Australia (3)<\/li>\n
  4. NAB\/MLC (5)<\/li>\n
  5. CommInsure (4)<\/li>\n<\/ol>\n

    Top 5 Companies Total Risk Premium Inflows<\/strong> (Growth)<\/p>\n

      \n
    1. AIA Australia (2)<\/li>\n
    2. Zurich (4)<\/li>\n
    3. MetLife (1)<\/li>\n
    4. BT\/Westpac (5)<\/li>\n
    5. OnePath (-)<\/li>\n<\/ol>\n

      Top 5 Companies Total Risk Premium Sales<\/strong> (Market Share)<\/p>\n

        \n
      1. NAB\/MLC (4)<\/li>\n
      2. CommInsure (5)<\/li>\n
      3. AIA Australian (2)<\/li>\n
      4. AMP (3)<\/li>\n
      5. OnePath (-)<\/li>\n<\/ol>\n

        Top 5 Companies Total Risk Premium Sales<\/strong> (Growth)<\/p>\n

          \n
        1. AIA Australia (2)<\/li>\n
        2. CommInsure (-)<\/li>\n
        3. OnePath (-)<\/li>\n
        4. Zurich (-)<\/li>\n
        5. AMP (5)<\/li>\n<\/ol>\n

          Top 5 Companies Individual Risk Lump Sum Inflows<\/strong> (Market Share)<\/p>\n

            \n
          1. AMP (1)<\/li>\n
          2. NAB\/MLC (2)<\/li>\n
          3. OnePath (4)<\/li>\n
          4. CommInsure (3)<\/li>\n
          5. TAL (5)<\/li>\n<\/ol>\n

            Top 5 Companies Individual Risk Lump Sum Inflows<\/strong> (Growth)<\/p>\n

              \n
            1. Macquarie Life (1)<\/li>\n
            2. AIA Australia (2)<\/li>\n
            3. Zurich (3)<\/li>\n
            4. BT\/Westpac (4)<\/li>\n
            5. TAL (5)<\/li>\n<\/ol>\n

              Top 5 Companies Individual Risk Lump Sum Sales<\/strong> (Market Share)<\/p>\n

                \n
              1. OnePath (1)<\/li>\n
              2. AMP (2)<\/li>\n
              3. NAB\/MLC (3)<\/li>\n
              4. CommInsure (4)<\/li>\n
              5. BT\/Westpac (5)<\/li>\n<\/ol>\n

                Top 5 Companies Individual Risk Lump Sum Sales<\/strong> (Growth)<\/p>\n

                  \n
                1. Zurich (1)<\/li>\n
                2. NAB\/MLC (4)<\/li>\n
                3. TAL (-)<\/li>\n<\/ol>\n

                  (All other companies posted negative growth)<\/p>\n

                  Top 5 Companies Individual Risk Income Inflows<\/strong> (Market Share)<\/p>\n

                    \n
                  1. AMP (1)<\/li>\n
                  2. NAB\/MLC (2)<\/li>\n
                  3. OnePath (3)<\/li>\n
                  4. TAL (4)<\/li>\n
                  5. BT\/Westpac (-)<\/li>\n<\/ol>\n

                    Top 5 Companies Individual Risk Income Inflows<\/strong> (Growth)<\/p>\n

                      \n
                    1. BT\/Westpac (1)<\/li>\n
                    2. Macquarie Life (2)<\/li>\n
                    3. Zurich (3)<\/li>\n
                    4. TAL (4)<\/li>\n
                    5. OnePath (5)<\/li>\n<\/ol>\n

                      Top 5 Companies Individual Risk Income Sales<\/strong> (Market Share)<\/p>\n

                        \n
                      1. NAB\/MLC (2)<\/li>\n
                      2. OnePath (3)<\/li>\n
                      3. AMP (1)<\/li>\n
                      4. BT\/Westpac (4)<\/li>\n
                      5. TAL (5)<\/li>\n<\/ol>\n

                        Top 5 Companies Individual Risk Income Sales<\/strong> (Growth)<\/p>\n

                          \n
                        1. Zurich (1)<\/li>\n
                        2. BT\/Westpac (2)<\/li>\n
                        3. NAB\/MLC (3)<\/li>\n<\/ol>\n

                          (All other companies posted negative growth)<\/p>\n

                          Top 5 Companies Group Risk Inflows<\/strong> (Market Share)<\/p>\n

                            \n
                          1. AIA Australia (1)<\/li>\n
                          2. TAL (2)<\/li>\n
                          3. CommInsure (3)<\/li>\n
                          4. MetLife (4)<\/li>\n
                          5. NAB\/MLC (-)<\/li>\n<\/ol>\n

                            Top 5 Companies Group Risk Sales<\/strong> (Market Share)<\/p>\n

                              \n
                            1. AIA Australia (2)<\/li>\n
                            2. CommInsure (4)<\/li>\n
                            3. NAB\/MLC (5)<\/li>\n
                            4. AMP (-)<\/li>\n
                            5. MetLife (3)<\/li>\n<\/ol>\n

                               <\/p>\n","protected":false},"excerpt":{"rendered":"

                              Premium inflows were up year on year this March, but sales fell more than 10%, the latest figures from Plan For Life have shown.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,3],"tags":[],"class_list":{"0":"post-30313","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-company-news","7":"category-general"},"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/30313","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=30313"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/30313\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=30313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=30313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=30313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}