CommInsure and TAL suffered declines in their share of new business in the year to March 31, according to new figures from research house Dexx&r.

CommInsure’s slice of the market fell to 16.47% from 17.63% the previous year. Its total new annual premiums were $392.49 million, down 12.24%.

However, it is still the market leader, ahead of AMP, which took 14.93% of new business.

AMP’s total new annual premiums were $355.7 million, up 4.2%.

TAL retained third spot, but its share fell to 13.46% from 14.31%. Its total new annual premiums were $320.79 million, down 11.62% from $362.96 million the previous year.

AMP’s market share of annual inforce premiums fell to 15.66% from 16.2%, but its revenue grew 6.51% to $1.73 billion.

TAL knocked MLC from second spot on the annual inforce premiums chart, claiming a 14.27% share.

TAL’s premium inflows for the year were $1.57 billion, up 13.36%, compared with MLC’s $1.53 billion, a rise of 2.9%.

AIA continues to dominate in terms of group annual premiums and new business – despite a drop in the latter.

It reported a 12.93% rise in annual inforce premiums, but suffered a 36.29% decline in new business for the year.

The figures gave AIA a 26.64% share of the annual inforce premiums market share and a 22.96% slice of new business.