Best practices for reducing wealthy-client risk in 2025
Here’s a closer look at the top risks currently facing high-net-worth households and the strategies to prepare effectively.
By Christina Oakes |
February 14, 2025 at 10:30 AM
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Comprehensive risk management strategies can protect your clients’ wealth and ensure that insurance coverage not only meets their needs, it empowers them to navigate a riskier world with confidence. (Credit: Friends Stock/Adobe Stock)
The landscape of insurance is shifting dramatically, driven by innovation and escalating risks like climate disasters and cyberattacks. High-net-worth (HNW) individuals are at the forefront of this evolution, with unique exposures that demand specialized coverage and tailored solutions for risk management.
As we enter 2025, several key trends are set to reshape how you safeguard your clients’ wealth, property, and lifestyle. From escalating cyber threats to rising liability claims and surging homeowners’ premiums, staying ahead of these challenges is critical to protecting client assets.
Discover how digital automation is helping property insurance carriers simplify and expedite the claims process and overcome challenges posed by a growing number of claims in recent years.
Discover how one insurer drastically improved the efficiency of their water mitigation claim reviews, reducing costs and time while enhancing decision-making. Learn how this approach can transform your claims process, making it faster, more accurate, and less resource-intensive.
The mid-market life insurance segment holds tremendous potential, with 39% of consumers planning to buy life insurance in the next year (1). This white paper explores the unique opportunities for you to scale your mid-market segment and drive sustainable growth.