Market Research Report
Insuring HNWIs: Life and Non-Life Insurance
|Published by||GlobalData||Product code||359821|
|Published||Content info||40 Pages
|Insuring HNWIs: Life and Non-Life Insurance|
|Published: May 31, 2016||Content info: 40 Pages||
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: