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Group life shows continued growth
Group life continues to be an attractive market to the major insurers, according to the latest data released by specialist research house, DEXX&R.
The data, released this week, revealed that total in-force Group Risk business increased by 7.3 per cent to $6.1 billion over the twelve months to September 2016, up from $5.6 billion at September 2015.
It said that over the year ending September 2016 four of the top five companies — TAL, AIA Australia, CommInsure, and MLC recorded an increase in in-force group premiums.
The analysis showed that total in-force business (individual and group) written by direct life companies increased by 6 per cent to $15.2 billion over the year to September 2016, up from $14.4 billion at September 2015.
Looking at market share, the DEXX&R analysis revealed the top five to be: TAL with 17.1 per cent, AIA Australia with 14.8 per cent, AMP with 13 per cent, MLC Life with 12.3 per cent, and CommInsure with 11.6 per cent.
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TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
62.62 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
33.20 3 y p.a(%)
4
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.95 3 y p.a(%)
5
CFS FC Acadian Global Equity Long Short
32.82 3 y p.a(%)
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