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  • Articles
  • July 2015

High Net Worth Sector Growth = Insurer Opportunity​​​: Product Development Insights

By
  • Carmony Wong
Asia High Net Worth
In Brief
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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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. 

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Meet the Authors & Experts

Carmony Wong
Author
Carmony Wong

Senior Vice President, Southeast Asia Markets & Chief Executive Officer, Hong Kong

References

Reprinted with permission of Asia Insurance Review (AIR) .