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Market Research Report

Insuring HNWIs: Life and Non-Life Insurance

Published by GlobalData Product code 359821
Published Content info 40 Pages
Delivery time: 1-2 business days
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Insuring HNWIs: Life and Non-Life Insurance
Published: May 31, 2016 Content info: 40 Pages

This publication has been discontinued on January 11, 2019.



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.


The report is divided into five chapters, which cover the following areas:

  • Understanding HNWI Insurance
  • Life Insurance for HNWIs
  • Non-Life Insurance for HNWIs
  • Key Trends, Opportunities and Challenges for Life and Non-Life Insurance
  • The Outlook for HNWI Insurance Industry

Reasons To Buy

  • Understand insurance for HNWIs and the role of life and non-life insurance in managing HNWI wealth.
  • Be 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.

Key Highlights

  • 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.
  • HNWIs globally are underinsured and underserved
  • Universal life a key offering for HNWIs
  • Insurancetech and competition expected to drive growth in HNW insurance
Table of Contents
Product Code: WI0023FR

Table of Contents

Executive Summary

1. Introduction

  • 1.1. What is this Report About?
  • 1.2. Definitions and Scope

2. Understanding HNWI Insurance

3. Life Insurance for HNWIs

  • 3.1. Key Product Offerings
  • 3.2. The Role of Life Insurance in Managing HNWI Wealth

4. Non-Life Insurance for HNWIs

  • 4.1. Key Product Offerings
  • 4.2. The Role of Non-Life Insurance in Managing HNWI Wealth

5. Key Trends, Opportunities and Challenges in the Life and Non-Life Insurance Markets

  • 5.1. Life Insurance: Trends and Opportunities
  • 5.2. Non-Life Insurance: Trends and Opportunities
  • 5.3. Key Challenges in HNWI Insurance

6. The Outlook for the HNWI Insurance Industry

7. About WealthInsight

List of Tables

  • Table 1: HNWI Wealth Band and Group Definitions
  • Table 2: Global HNWI Populations, 2011-2020
  • Table 3: Types of Life Insurance Product
  • Table 4: Market Shares of Key Life Insurance Products in the US, 2005 and 2013
  • Table 5: Difference Between MEC and Non-MEC
  • Table 6: IUL Sales (Premium) in the US, 2010-2015
  • Table 7: Key Roles of Life Insurance in HNWI Wealth Management in the US
  • Table 8: Types of Non-Life Insurance Product
  • Table 9: Types of Niche Insurance Product
  • Table 10: Key Attributes of HNWIs on Retirement Planning With and Without Advisor Plans
  • Table 11: Innovations in HNWI Insurance

List of Figures

  • Figure 1: Addressing Life and Non-Life insurance Needs Of HNWIs
  • Figure 2: Evolution of HNWI Insurance Process
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