Risk market rebounds
The risk market has bounced back from six months of sluggish activity with growth across both the individual and group sectors, research has confirmed.
Individual risk sales rose 16 per cent in the June 2014 quarter, to $455 million, propped up by a raft of new contracts from three of the top five suppliers, according to DEXX&R.
The rise in activity followed two quarters of decline.
AMP led the charge with a 34 per cent increase in business, to $69 million, followed by MLC with a 18 per cent rise to $69 million and OnePath, which grew 18 per cent to $63 million.
In the group market, business grew 22 per cent in the year to June 2014, to $4.8 billion.
However, death, TPD and trauma cover remained flat over the 12 months, with sales of $1.3 billion on par with the same period the previous year.
AUTHOR
Staff Writer
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