The group risk sector is continuing to exhibit growth, albeit that Total and Permanent Disability (TPD) continues to be problematic, according to the latest data released by DEXX&R.
The DEXX&R data revealed that total In-force Group Risk business increased by 16 per cent to $5.4 billion at March 2015, up from $4.7 billion in March the previous year.
It said the companies that recorded double digit increases in In-Force Group Business over the 12 months to March 2015 included AIA Australia up 22 per cent ($259 million) to $1.4 billion, CommInsure up 23 per cent ($141 million) to $748 million, MetLife up 14 per cent to $543 million, and MLC up 21 per cent $513 million.
