Page 7 - WOW Magazine Feb 23

Life Insurance Industry Update - January 2023

• Overall Industry grew at 20% on Total
New Business
 10% growth in Retail EPI and 28%
growth in Group Premium
• Private Industry grew at 23% on Total
New Business
 14% growth in Retail EPI and 38%
growth in Group Premium
• SUD Life grew at 72% on Total New
Business
 32% growth in Retail EPI and 155%
growth in Group Premium
 Ranking
- Total New Business: by Growth –
Market Share of SUD Life in Private Industry
4th and by Premium: 10th
• Total New Business: 1.99% Vs 1.43% @ Jan’22 - Retail EPI: by Growth – 4th and
by Premium: 12th
• Retail EPI: 1.84% Vs 1.59% @ Jan’22
- Group Premium: by Growth –
• Group Premium: 2.80% Vs 1.52% @ Jan’22
4th and by Premium: 7th
*FTM January *FTM January

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