POWERED BY MOMENTUM MEDIA
Group risk records strong performance
Life insurance risk market inflows have grown 10.4 per cent over the year to reach $9.5 billion, buoyed by a large increase in sales of the group risk market.
The latest Plan For Life data shows that over the year to March 2011 both inflows and sales in the life insurance risk market have experienced strong growth, with almost all of the major players recording double-digit percentage growth.
Overall, AIA recorded the biggest jump in sales with 45 per cent, followed closely by AMP (29 per cent) and TOWER (18 per cent).
But it was TOWER that experienced the largest increase in premium inflows with 28 per cent growth, followed by AIA Australia (16 per cent) and OnePath Australia (10 per cent).
Premium inflows into the group risk market experienced the highest growth of any sub-market at 12 per cent, with significant percentage increases experienced by both TOWER (53 per cent) and AIA (15 per cent).
Sales in this sub-market jumped by almost 20 per cent, although the report stated this was likely to be fuelled by the cyclical remarketing nature of the business.
AMP led the way in sales with 219 per cent growth — but it must be noted that this was off a relatively low base, and due to a change in their reporting method.
Market leaders AIA also experienced strong growth of 62 per cent, followed by TOWER with 34 per cent.
Inflows to the individual risk lump sum market grew by almost 10 per cent, with all companies reporting higher inflows. These were led by AIA (19 per cent), Zurich (13 per cent) and OnePath (11 per cent).
The individual risk income market also experienced inflow growth of 9.5 per cent, with BT leading the way at 23 per cent, followed by AIA (19 per cent) and OnePath (16 per cent).
AUTHOR
Ashleigh McIntyre
Recommended for you
Private market assets in super have surged, while private debt recorded the fastest growth among all investment types.
The equities investor has launched a new long-short fund seeded by UniSuper, targeting alpha from ASX 300 equities using AI insights.
The fund has strengthened efforts to boost gender diversity, targeting 40:40:20 balance across its investment teams by 2030.
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
