Insurance for High Net Worth Individual (Hnwis) Market Share, Insight Report, Emerging Trends and Opportunities to 2020: Radiant Insights

Insurance for High Net Worth Individual (HNWIs)

Market Share, Insight Report, Emerging Trends and

Opportunities to 2020: Radiant Insights

Synopsis

Timetric's 'Insight Report: Insurance for HNWIs - Current State and Future Prospects' analyzes insurance

products and services market for HNWIs.

As the HNWI insurance market is constantly evolving, insurers are developing new products and

services, with customization a key strategy to meet HNWI specific needs. Growth in the number of

HNWIs and a consistent rise in their wealth are creating new opportunities for insurers globally. The

global HNWI population increased by 2.8%, from 17.3 million in 2013 to 17.8 million in 2014, and is

expected to reach 19.8 million in 2018.

Developed markets offer significant opportunities for wealth managers and insurers, as HNWI clients in

these markets still account for most of the global HNWI population and wealth. Infrastructure in the

HNWI market, such as banks, financial advisors and family offices, is well developed.

View summary of this report @ http://www.radiantinsights.com/research/insight-report-insurancefor-hnwis

Emerging markets are still in early stages of development, in terms of wealth management services, with

a recent history of wealth creation as a result of entrepreneurship. However, growth in the number of

private enterprises in emerging markets has resulted in rising HNWI population and wealth.

The report also discusses in detail the trends across life and non-life insurance products for HNWIs. Life

insurance has become a key component of wealth planning strategy for HNWIs. It is a major investment

involving huge premiums and managing issues such as formation of a trust for wealth transfer to the

next generation, estate planning, charitable giving, and tax planning in a broader context. It also enables

HNWIs to properly structure business and personal assets. Concurrently, non-life insurance also enables

HNWIs to protect the value of their...