demand for special coverage
Industry research shows that the global market for insurance for high net worth individuals continues to expand. Valued at approximately $106.6 billion in 2024, forecasts predict the HNW insurance market will grow steadily through the end of the decade as affluent families seek specialized protection for wealth, luxury properties and complex liability risks. Demand for custom coverage for fine art, high-value homes, cyber threats and luxury vehicles is growing rapidly as traditional policies fail to meet sophisticated needs. North America accounts for 38% and 42% of this market, where tailored advisor-based solutions are gaining traction.