{"id":8143,"date":"2010-10-20T00:21:33","date_gmt":"2010-10-19T13:21:33","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=8143"},"modified":"2020-02-06T08:12:23","modified_gmt":"2020-02-05T21:12:23","slug":"risk-sales-slowing-inflows-still-strong","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2010\/10\/20\/risk-sales-slowing-inflows-still-strong\/","title":{"rendered":"Risk Sales Slowing, Inflows Still Strong"},"content":{"rendered":"<p>Latest data suggests risk new business sales may finally be levelling out, following a sustained period of growth in recent years.<\/p>\n<p><!--more--><a href=\"http:\/\/planforlife.com.au\/\" target=\"_blank\" rel=\"noopener noreferrer\">Plan For Life&#8217;s<\/a> Risk Market Inflows Report for the Year to 30 June 2010 outlines solid inflows (which include both new and existing premiums) of 12.2%, but easing sales growth across the board.<\/p>\n<p>While the volatility of\u00a0group risk sales data accounts for an\u00a0overall decline of 2.9%\u00a0 in new premium sales during the year to 30 June, a closer inspection of the numbers indicates a downward trend in sales growth in\u00a0both the individual lump sum and income protection sectors.<\/p>\n<p>Individual lump sum growth in the year to June 30 was 5.3%,\u00a0characterised as &#8216;modest growth&#8217; by PFL.\u00a0 This compares with 8.6% growth in the year to March 2010 and 14.2% in the year ending December 31 2009.<\/p>\n<p>Similarly, sales growth of 7.7% for income protection products in the year to June\u00a0 2010 continues a slowing of IP sales growth, which ran at 10.7% in the year to March 2010 and 17.0% in the calendar year 2009.<\/p>\n<p>Top-ranked insurers across market share and growth categories in the year to 30 June 2010,\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 Australia<\/li>\n<li>TOWER<\/li>\n<li>AIA Australia<\/li>\n<\/ul>\n<p>Top 5 Companies <strong>Total Risk Premium<\/strong> <strong>Inflows<\/strong> (<em>Growth<\/em>)<\/p>\n<ul>\n<li>TOWER<\/li>\n<li>AIA Australia<\/li>\n<li>AMP<\/li>\n<li>NAB\/MLC<\/li>\n<li>ING Australia<\/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>TOWER<\/li>\n<li>National Australia\/MLC Group<\/li>\n<li>ING Australia<\/li>\n<li>CommInsure<\/li>\n<li>AXA Australia<\/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>Zurich<\/li>\n<li>BT\/Westpac<\/li>\n<li>NAB\/MLC<\/li>\n<li>AXA Australia<\/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 Australia<\/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>AIA Australia<\/li>\n<li>ING Australia<\/li>\n<li>Zurich<\/li>\n<li>TOWER<\/li>\n<li>NAB\/MLC<\/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>ING Australia<\/li>\n<li>National Australia\/MLC Group<\/li>\n<li>CommInsure<\/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>ING Australia<\/li>\n<li>BT\/Westpac<\/li>\n<li>AXA Australia<\/li>\n<li>TOWER<\/li>\n<li>AMP<\/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>CommInsure<\/li>\n<li>AXA Australia<\/li>\n<li>Suncorp Group<\/li>\n<li>ING Australia<\/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>AIA Australia<\/li>\n<li>ING Australia<\/li>\n<li>CommInsure<\/li>\n<li>Zurich<\/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 Australia<\/li>\n<li>CommInsure<\/li>\n<li>AXA Australia<\/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>Macquarie Life<\/li>\n<li>AXA Australia<\/li>\n<li>ING Australia<\/li>\n<li>BT\/Westpac<\/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>TOWER<\/li>\n<li>ING Australia<\/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>TOWER<\/li>\n<li>National Australia\/MLC Group<\/li>\n<li>AIA Australia<\/li>\n<li>CommInsure<\/li>\n<li>ING\u00a0Australia<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Latest data suggests risk new business sales may finally be levelling out, following a sustained period of growth in recent years.<\/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-8143","post","type-post","status-publish","format-standard","category-general"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/8143","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=8143"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/8143\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=8143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=8143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=8143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}