Tower Australia has recorded a 19% rise in inforce risk premium for the December quarter, due in part to a windfall superannuation appointment.

Group risk premium increased 25% year-on-year to $362 million for the December quarter, reflecting the effect of an appointment to AustralianSuper, one of the country’s largest super providers.

Individual risk premium meanwhile grew 15% to $547 million against the same period last year.

Strong life insurance sales contributed a 14% improvement to individual lines performance with $31 million in new business premium.