Australian Life Insurance

Australian Life Insurance


Sharemarket analyst UBS has provided an update for the Australian Life Insurance sector. They observe that there has been a strong equities boost asset growth in Q4 2006 for the Australian Life Insurance sector. Life office assets were up 4.4%: APRA's Q406 'Life insurance trends' shows life office assets up 4.4% to $239.7bn in Q4. This balance is 8.9% higher than the pcp, and compares with a ten year CAGR of 6.0%. Super assets up 4.7% in the quarter: Growth was centred in the superannuation divisions.

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