Insuring HNWIs: Life and Non-Life Insurance is a new market research publication announced by Reportstack. Demand for insurance among HNWIs commonly covers life insurance to protect dependents. Strategically, however, life insurance can be used as a tool to facilitate tax and estate planning. As the number of HNWIs grows, the desire to protect their assets and luxury investments such as luxury cars, yachts, jets, arts and wine collections also increases.
Parallel to this, instability in equity markets and fluctuating global economic growth make alternative assets such as collectibles more attractive; these items require insurance to cover their value
HNWIs often find themselves overpaying and underprotected. This is unsurprising given that broad product variety often makes insurance a complex product.
To access full report with TOC, please visit Insuring HNWIs: Life and Non-Life Insurance.
ScopeUnderstanding HNWI InsuranceLife Insurance for HNWIsNon-Life Insurance for HNWIsKey Trends, Opportunities and Challenges for Life and Non-Life InsuranceThe Outlook for HNWI Insurance Industry
The report is divided into five chapters, which cover the following areas:
Reasons to BuyBe informed about key products in the HNW life and non-life insurance markets.Be aware of key trends, opportunities and challenges facing HNW life and non-life insurance markets.Be informed about future outlook of HNW insurance market globally.Build robust expansion strategy and marketing strategy to target HNW insurance more effectively.
• Understand insurance for HNWIs and the role of life and non-life insurance in managing HNWI wealth.
Key HighlightsHNWIs globally are underinsured and underservedUniversal life a key offering for HNWIsInsurancetech and competition expected to drive growth in HNW insurance
• Data compiled in association with Timetric shows that the global life insurance market in 2015 was estimated at US$2.8 trillion, while the non-life insurance market was estimated at US$1.6 trillion.
ACE Private Risk Services Chubb Group of Insurance Cos. Axa MetLife AIG Sun Life State farm Prudential New York Life GSRP SwissLife M Financial Group Limra Wink Inc. Morgan Stanley Aon Hiscox XL Catlin Prudential PURE Zurich Private Clients Reinsurance Group of America, Inc. Ceraulli Associates Amazon Walmart Mercury Insurance MF Block SulAmerica Richard Thompson Insurance Brokers Berkley Lloyd’s Aspen Specialty IronShore Life Insurance Corporation of India Google Compare
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