High Net Worth Household Insurance Market 2018 Trend, Cost, Growth 2018 – RnR Market Research
Scope
- The dominant players in the specialist household insurance market remain Hiscox and Chubb.
- Consumer purchasing and research attitudes found within the mass market are beginning to trickle into the MNW market as individuals' wealth grows and they continue to hold these attitudes.
- Specialist HNW and MNW insurers are regarded as providing some of the best insurance across the industry.
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Summary
"High Net worth
Within the
Discount on Report at http://www.rnrmarketresearch.com/contacts/discount?rname=1490554
The number of HNW and MNW households in the
Buy Research Report at http://www.rnrmarketresearch.com/contacts/purchase?rname=1490554
Reasons to buy
- Benchmark yourself against the rest of the market.
- Ensure you remain competitive as new innovations and insurance models begin to enter the market.
- Be prepared for how regulation will impact the household insurance market over the next few years.
Table of Contents
- EXECUTIVE SUMMARY 1
o Market summary 1
o Key findings 1
o Critical success factors 1
- THE HNW & MNW HOUSEHOLD INSURANCE MARKET 7
o Introduction 7
o What classifies an individual as MNW or HNW? 7
? Insurers' definition of MNW and HNW individuals 7
? The value of contents insured and rebuild costs are used to classify individuals 7
? The diversity of risks is far greater for MNW and HNW individuals 8
? Underinsurance is a problem in the specialist home insurance market 9
o Growth in the MNW and HNW home insurance market 9
? The market has grown consistently over the previous five years 9
? Further growth in the market is possible, with the key being MNW individuals 11
? The number of policies written is steadily increasing 13
? Product targeting and identifying customers is crucial to achieving higher growth 15
- DISTRIBUTION 16
o MNW individuals continue to shape the market 16
? There is a growing shift towards the online marketplace for MNW home insurance 16
More …
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