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ISI Members
|
Summary For Years Ended
31 December |
(C) Insurance Business
Years Ending 31 December |
|
1995 ($000) |
1996 ($000) |
1997 ($000) |
1998 ($000) |
% Change
This Year |
| NEW
BUSINESS |
|
|
|
|
|
Annual
Premium
Income |
161,228 |
153,899 |
137,562 |
158,081 |
14.92% |
| Single
Premiums |
326,552 |
269,710 |
251,774 |
371,254 |
47.46% |
DISCONTINUANCES
of Annual Premium
Income |
|
|
|
|
|
| Lapses |
12,994 |
36,599 |
10,484 |
8,150 |
-22.26% |
| Surrenders |
110,102 |
107,656 |
101,784 |
135,342 |
32.97% |
| All
Other Discontinuances |
- |
- |
- |
5,581 |
|
| ANNUAL
PREMIUM INCOME IN-FORCE |
1,097,265 |
1,081,491 |
1,081,758 |
1,083,855 |
0.19% |
Source:ISI Quarterly Statistics
(D) Superannuation Business
Years Ending 31 December |
|
1995
($000) |
1996
($000) |
1997
($000) |
1998
($000) |
% Change
This Year |
| NEW BUSINESS |
|
|
|
|
|
| Annual Regular Contributions |
100,546 |
132,352 |
117,093 |
121,946 |
4.14% |
| Single Premiums |
175,069 |
316,791 |
461,634 |
680,385 |
47.39% |
DISCONTINUANCES
of Annual Regular Contributions |
|
|
|
|
|
| Lapses |
5,984 |
8,309 |
7,732 |
8,167 |
5.63% |
| Surrenders |
21,043 |
23,715 |
19,569 |
31,404 |
60.48% |
| Other Discontinuances |
- |
- |
- |
5,442 |
|
Superannuation
Scheme Cancellations |
11,397 |
10,880 |
6,804 |
18,312 |
169.14% |
| ANNUAL REGULAR CONTRIBUTIONS IN-FORCE |
506,698 |
569,027 |
618,853 |
640,672 |
3.53% |
Source:ISI Quarterly Statistics
 
|
