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High Net Worth

HNW sector growth = Insurer opportunity​​​

Asia High Net Worth

The world’s high-net-worth (HNW) market today totals approximately 12.4 million individuals, all of whom have investable assets of more than US$1 million. Asia Pacific comprises 4.3 million of those individuals, or more than one-third of the total.

Since 2000, the tremendous wealth developed in the Asia Pacific region via entrepreneurial ventures has launched it into the higher levels of the globe’s fast-growing high-net-worth (HNW) market, with both mature and developing economies contributing to this rising wealth.This article examines the current landscape. 

 
Reprinted with permission of The Asia Insurance Review (AIR) www.asiainsurancereview.com.
 
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The Author

  • Carmony Wong
    FLMI, AALU, ANZIIF, ACII
    Head of Hong Kong
    and High Net Worth
    RGA Hong Kong

Summary

Life insurance can be a powerful, cost-effective tool in wealth and estate planning solutions, and HNW and mass affluent markets represent a broadening range of opportunities for product development and the provision of value-added services.
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  • HNW
  • high net worth
  • HNWI
  • high face amount
  • financial reinsurance
  • financial
  • Asia market