Industry Background:
According to the study, the Asia Pacific region is having the highest number of HNWIs across the globe. From the past few years, Europe and North America have the fastest growth in terms of total wealth. It is becoming one highly adopted approach towards wealth management. Across the Asia Pacific region China, Hong Kong, and others have highly adopted this service.This growth is primarily driven by Rapid Increase in Population of Multi-Millionaire Individuals and The Growing Requirement for Insurance Coverage to Protect Against Financial Risks.
Globally, a noticeable market trend is evident Huge Development for Creating Opportunity for Property and Casualty Insurance Companies. Major Players, such as MetLife (United States), Prudential (United States), SwissLife (Switzerland), Reinsurance Group of America, Inc. (United States), Mercury Insurance (United States), Life Insurance Corporation of India (India), SulAmerica (Brazil), Limra (United States), State farm (United States) and AIG (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In 2016, India-based Max Life Insurance has rolled out a new insurance policy for high net worth individuals called the Max Life Platinum Wealth Plan. The new life insurance plan has been designed for a shorter policy term of 10 years. It also provides guaranteed loyalty additions and wealth boosters to further enhance the maturity fund value.
Market Drivers
- Rapid Increase in Population of Multi-Millionaire Individuals
- The Growing Requirement for Insurance Coverage to Protect Against Financial Risks
Market Trend
- Huge Development for Creating Opportunity for Property and Casualty Insurance Companies
Restraints
- Lack of Consumer Awareness
Opportunities
High Growth in HNWIs Population Across the Asia Pacific Region
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Insurance for HNWIs Study Sheds Light on
The Insurance for HNWIs Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Insurance for HNWIs industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Insurance for HNWIs industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.