{"id":71936,"date":"2024-06-14T13:34:38","date_gmt":"2024-06-14T03:34:38","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=71936"},"modified":"2024-06-17T11:21:56","modified_gmt":"2024-06-17T01:21:56","slug":"healthy-rise-in-lump-sum-ip-sales","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2024\/06\/14\/healthy-rise-in-lump-sum-ip-sales\/","title":{"rendered":"Healthy Rise in Lump Sum, IP Sales"},"content":{"rendered":"

Both individual risk lump sum sales and individual risk income new premium sales saw healthy rises in the year ended December 2023, according to Plan for Life\u2019s<\/a> latest data.<\/p>\n

The research firm’s latest Market Overview<\/em> points to reported individual risk lump sum sales being up 7% to $1,270 million compared to 2022 “…with most of the leading participants in this market recording higher annual sales.”<\/p>\n

In the individual risk income market total new premium sales increased by 6.8% in 2023 to reach $565.5 million.<\/p>\n

The firm says that overall, year on year new premium sales were up 8.8% to $2,282 million.<\/p>\n

In the year ended September 2023 individual risk lump sum sales and new risk income sales rose just slightly (see: Lift in Lump Sum<\/a>).<\/p>\n

\"\"<\/a>
Courtesy of Plan for Life<\/figcaption><\/figure>\n

Risk Inflows<\/strong><\/p>\n

Plan for Life says overall risk inflows in 2023 were only marginally lower by 0.2% than those reported for 2022 and sat at $18,068.5 million, while\u00a0 annual premium inflows in the individual risk lump sum market rose slightly by 1.1% to reach $7,916.1 million.<\/p>\n

In the individual risk income market year-on-year risk income inflows were up 2.2% to $3,374.1 million.<\/p>\n

\"\"<\/a>
Courtesy of Plan for Life<\/figcaption><\/figure>\n
\"\"<\/a>
Courtesy of Plan for Life<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

Both individual risk lump sum sales and individual risk income new premium sales saw healthy rises in the year ended December 2023, according to Plan for Life\u2019s latest data. The research firm’s latest Market Overview points to reported individual risk lump sum sales being up 7% to $1,270 million compared to 2022 “…with most of […]<\/p>\n","protected":false},"author":24,"featured_media":71942,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-71936","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\/71936","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\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=71936"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/71936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/71942"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=71936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=71936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=71936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}