Annual growth in risk inflows was up 3.4 per cent over the year ending 2016, lower than the 6.6 per cent annual growth over 2015, Strategic Insight said in a statement.
Zurich led the way with risk inflow growth, recording a 63.8 per cent increase following its acquisition of Macquarie Life’s risk business.
AIA (12.1 per cent), BT/Westpac (9.1 per cent), NAB/MLC (4.6 per cent) and OnePath (4.1 per cent) were the other companies to report increases in risk inflows.
Suncorp (0.7 per cent), AMP (0.3 per cent), TAL (-0.2 per cent) and CommInsure (-0.9 per cent) all saw little change in their risk inflows.
“Despite total new premium sales falling 12.2 per cent year-on-year, AIA (37.1 per cent), Zurich (16 per cent), NAB/MLC (8 per cent) and BT/Westpac (5.8 per cent) still managed to record increases in their annual risk sales,” Strategic Insight said.
