{"id":5786,"date":"2010-04-19T12:02:36","date_gmt":"2010-04-19T01:02:36","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=5786"},"modified":"2020-02-06T08:09:39","modified_gmt":"2020-02-05T21:09:39","slug":"risk-business-sales-surge","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2010\/04\/19\/risk-business-sales-surge\/","title":{"rendered":"Risk Business Sales Surge"},"content":{"rendered":"<p>Researcher <a href=\"http:\/\/planforlife.com.au\/\" target=\"_blank\" rel=\"noopener noreferrer\">Plan For Life<\/a> (PFL) has reported a strong surge in risk new business sales in the calendar year 2009, with group insurance being the stand-out.<\/p>\n<p><!--more-->In the twelve months to December 2009, PFL reports an\u00a0 increase of inflows into the risk market of over 13%, with new premium sales up by almost 20%.<\/p>\n<p>While individual risk lump sum and income protection insurance inflows and sales numbers continue the upward trend,\u00a0showing no signs of the bubble bursting, it was a huge leap of 29.5% in sales in the group risk market that was the most dramatic increase during 2009.<\/p>\n<p>According to PFL, the main beneficiaries of the surge in group risk\u00a0new business sales were TOWER Australia, AIA Australia and NAB\/MLC, who experienced sales growth of 205%, 137% and 88% respectively.<\/p>\n<p>Top-ranked insurers across market share and growth categories for 2009, where BT\/Westpac continues its strong growth trend,\u00a0were:<\/p>\n<p>Top 5 Companies\u00a0<strong>Total Risk Premium Inflows<\/strong> (<em>Market Share<\/em>)<\/p>\n<ul>\n<li>National Australia\/MLC Group (data now includes Aviva)\u00a0<\/li>\n<li>CommInsure<\/li>\n<li>ING<\/li>\n<li>TOWER<\/li>\n<li>AMP<\/li>\n<\/ul>\n<p>Top 5 Companies <strong>Total Risk Premium<\/strong> <strong>Inflows<\/strong> (<em>Growth<\/em>)<\/p>\n<ul>\n<li>AIA Australia<\/li>\n<li>BT\/Westpac<\/li>\n<li>TOWER<\/li>\n<li>NAB\/MLC<\/li>\n<li>ING\u00a0<\/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>National Australia\/MLC Group<\/li>\n<li>TOWER<\/li>\n<li>CommInsure<\/li>\n<li>ING<\/li>\n<li>AIA<\/li>\n<\/ul>\n<p>Top 5 Companies <strong>Total Risk Premium<\/strong> <strong>Sales<\/strong> <em>(Growth)<\/em><\/p>\n<ul>\n<li>TOWER<\/li>\n<li>AIA Australia<\/li>\n<li>National Australia\/MLC Group<\/li>\n<li>BT\/Westpac<\/li>\n<li>Hallmark Group<\/li>\n<\/ul>\n<p>Top 5 Companies <strong>Individual Risk Lump Sum Inflows<\/strong> <em>(Market Share)<\/em><\/p>\n<ul>\n<li>National Australia\/MLC Group<\/li>\n<li>CommInsure<\/li>\n<li>ING<\/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>BT\/Westpac<\/li>\n<li>AIA<\/li>\n<li>TOWER<\/li>\n<li>ING<\/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>CommInsure<\/li>\n<li>National Australia\/MLC Group<\/li>\n<li>ING<\/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>BT\/Westpac<\/li>\n<li>TOWER<\/li>\n<li>AMP<\/li>\n<li>National Australia\/MLC Group<\/li>\n<li>ING<\/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 Group<\/li>\n<li>AXA<\/li>\n<li>CommInsure<\/li>\n<li>Suncorp Group<\/li>\n<li>ING<\/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>ING<\/li>\n<li>AIA<\/li>\n<li>CommInsure<\/li>\n<li>National Australia\/MLC Group<\/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>National Australia\/MLC Group<\/li>\n<li>ING<\/li>\n<li>CommInsure<\/li>\n<li>AXA<\/li>\n<li>AMP<\/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>BT\/Westpac<\/li>\n<li>ING<\/li>\n<li>TOWER<\/li>\n<li>AXA<\/li>\n<li>National Australia\/MLC Group<\/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>ING<\/li>\n<li>TOWER<\/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>AIA Australia<\/li>\n<li>TOWER<\/li>\n<li>AMP<\/li>\n<li>National Australia\/MLC Group<\/li>\n<li>ING<\/li>\n<\/ul>\n<p><!-- START Link to Comment Form --><!-- END Link to Comment Form --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Researcher Plan For Life (PFL) has reported a strong surge in risk new business sales in the calendar year 2009, with group insurance being the stand-out.<\/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-5786","post","type-post","status-publish","format-standard","category-general"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/5786","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=5786"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/5786\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=5786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=5786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=5786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}