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Insuring HNWIs: Life and Non-Life Insurance: MarketResearchReports.Biz

MarketResearchReports.Biz has announced addition of new report “Insuring HNWIs: Life And Non-Life Insurance” to its database.

 

Albany, NY -- (SBWIRE) -- 06/20/2016 -- Synopsis

This report provides insights into the HNW insurance market. It first provides an understanding of insurance among HNWIs, and highlights key products in the life and non-life insurance markets, followed by an analysis of how insurance can help HNWIs to manage their wealth.

The report's main chapter identifies key trends, opportunities and challenges facing HNW insurance market. It aims to provide up-to-date trends in the HNW insurance market to wealth managers, private banks, insurance brokers and insurers.

View Full Report at http://www.marketresearchreports.biz/analysis/735263

Summary

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 under protected. This is unsurprising given that broad product variety often makes insurance a complex product.

Scope

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

Download Sample Copy of this Report at http://www.marketresearchreports.biz/sample/sample/735263

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

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