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High-Net-Worth Individuals Concerned About Underinsurance

April 7, 2017

More than half (54 percent) of high-net-worth individuals (HNWIs) are concerned that they are underinsured, with many worried their coverage is inadequate for their needs, according to new research published by Chubb.

Despite this concern, out of 500 HNWIs surveyed in the UK, Ireland and France, only three in 10 (30 percent) look for insurers or brokers that are experts in high-net-worth insurance, and only 19 percent buy from a specialist broker, according to Chubb’s research.

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