TAL has kept its crown as Australia’s biggest life insurer by total annual premium, according to the latest data from Dexx&r.

In the year to June 30 TAL’s inforce annual premium was $2.2 billion, up 3.2% on the previous year, giving it a market share of 15.9%.

The big surprise is the rise of AIA, jumping to second place from fifth the previous year.

Its inforce annual premium totalled $1.93 billion, up 19.2%, giving a market share of 13.7%.

AMP, which held the top spot for many years, has slipped to third. Its inflows for the year to June 30 totalled $1.91 billion, up 5.73%. Market share was 13.6%, down from 14.1%. 

In terms of new business annual premium, MLC held onto top spot with a 16.5% market share at June 30.

It recorded new business annual premium inflows of $452.6 million, up 15.4%.

AMP has dropped to fourth place from second, recording new business annual premium inflows of $367.5 million for the year. This gives it a market share of 13.4%.

CommInsure now holds the No.2 spot, with new business annual premium inflows of $398.6 million, giving it a 14.5% share.

AIA is third with inflows of $396.8 million and a market share of 14.4%.