{"id":77143,"date":"2025-05-06T13:21:32","date_gmt":"2025-05-06T02:21:32","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=77143"},"modified":"2025-05-07T08:24:39","modified_gmt":"2025-05-06T21:24:39","slug":"new-individual-risk-premiums-drop","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2025\/05\/06\/new-individual-risk-premiums-drop\/","title":{"rendered":"New Individual Risk Premiums Drop"},"content":{"rendered":"

Total individual risk new premium decreased by 18.5% in the year to December 2024 to $1.11bn according to data published in its latest DEXX&R<\/a> Life Analysis Report.<\/p>\n

Total risk in-force premium also dropped in the 12 month period, from $16.5bn to $16.2bn (-1.7%).<\/p>\n

Lump sum new business premium for the year ending December 2024 was down 11.2% to $809m from the $910m recorded in the year to December 2023, according to the research firm:<\/p>\n

\"DEXX
Data and graphic \/ DEXX & R.<\/figcaption><\/figure>\n

December quarter<\/strong><\/p>\n

During the December quarter individual lump sum new premium increased by 1.3% to $203m, which was $3m more than the $200m recorded in the September 2024 quarter but 5.3% lower than the $214m recorded in the December 2023 quarter.<\/p>\n

\"LumpDiscontinuances<\/strong><\/p>\n

The discontinuance attrition rate increased to 10.5% in December 2024, up from 10.1% as at December 2023.<\/p>\n

Disability<\/strong><\/p>\n

Disability income new business dropped by 33.3% to $301m over the year to December 2024, down from $451m recorded in the 12 months to December 2023.<\/p>\n

\"DEXX
Data and graphic \/ DEXX & R.<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

Total individual risk new premium decreased by 18.5% in the year to December 2024 to $1.11bn according to data published in its latest DEXX&R Life Analysis Report. Total risk in-force premium also dropped in the 12 month period, from $16.5bn to $16.2bn (-1.7%). Lump sum new business premium for the year ending December 2024 was […]<\/p>\n","protected":false},"author":23,"featured_media":77154,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":{"0":"post-77143","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-general"},"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/77143","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\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=77143"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/77143\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/77154"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=77143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=77143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=77143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}