{"id":54081,"date":"2021-02-02T21:45:28","date_gmt":"2021-02-02T11:45:28","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=54081"},"modified":"2021-02-09T10:55:46","modified_gmt":"2021-02-09T00:55:46","slug":"inflows-steady-but-individual-risk-sales-head-south","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2021\/02\/02\/inflows-steady-but-individual-risk-sales-head-south\/","title":{"rendered":"Inflows Steady, But Individual Risk Sales Continue to Head South"},"content":{"rendered":"

Overall risk premium inflows have steadied in the 12 months to September 2020 but individual risk sales have continued their downward trend, according to latest data released by Plan For Life.<\/p>\n

In encouraging news, the research house’s market overview for Life Insurance Risk Premium Inflows & Sales for the Year Ended September 2020 reports risk inflows remained virtually static year-on-year – down 0.4 percent, following a drop of more than six percent in the year ending June 2020.<\/p>\n

In further good news, Plan For Life data shows total premium sales jumped by almost one quarter – up 28.9 percent for the year ended September 2020, but this spike was attributed to a sharp jump in the more volatile group risk sector.<\/p>\n

The news is not as good for individual risk new business sales<\/p><\/blockquote>\n

The news is not as good for individual risk new business sales, where both lump sum and income protection insurance sales continued to contract.<\/p>\n

In the year to September 2020, individual risk lump sum new business declined by 7.4 percent, following a steeper drop of 9.2 percent in the year to June 2020.<\/p>\n

Similarly, individual income protection new business fell by 7.2 percent in the year to September 2020, following a decrease of 8.1 percent in the year to June 2020.<\/p>\n

\"\"<\/a>
The slide in overall risk premium inflows was halted in the year to September 2020, but individual risk new business sales – both lump sum and income protection products, continued their decline. Source: Plan For Life Market Overview – Life Insurance Market Inflows & Sales for Year Ended September 2020<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

Overall risk premium inflows have steadied in the 12 months to September 2020 but individual risk sales have continued their downward trend, according to latest data released by Plan For Life. In encouraging news, the research house’s market overview for Life Insurance Risk Premium Inflows & Sales for the Year Ended September 2020 reports risk […]<\/p>\n","protected":false},"author":3,"featured_media":54087,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-54081","post","type-post","status-publish","format-standard","has-post-thumbnail","category-general"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/54081","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=54081"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/54081\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/54087"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=54081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=54081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=54081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}