Australia's life insurance risk market inflows were $5.5 billion, up 11.7 per cent, from $4.9 billion over the year ending September 2006, according to Plan for Life data released yesterday.
Aviva, ING Australia, AIG Life, Tower, National Australia/MLC, CommInsure and AMP all reported double-digit growth in premium inflows into risk.
New sales in this market grew by 11.5 per cent with ING, St Andrew's, Aviva, National Australia/MLC, CommInsure and Tower achieving the best results.
Premium inflows increased 12.5 per cent in the group risk market, with Suncorp-Metway growing its business by 27.1 per cent, CommInsure (21.9 per cent), Tower (20.7 per cent), AMP (15 per cent), ING (13.8 per cent), National Australia/MLC (10.9 per cent) and IAG (10.7 per cent).
CommInsure continues to lead the group risk inflows followed by Tower, ING, AIG, Axa, National Australia/MLC, Metlife, AMP, Suncorp-Metway and Asteron.
