The up to date sensible handbook helps monetary advisors in understanding the distinctive options of HNW life insurance coverage and the way it can assist shield their clients’ wealth
HONG KONG SAR – Media OutReach – 19 August 2022 – Transamerica Life (Bermuda) Ltd. (TLB), a number one Excessive Internet Value (HNW) life insurer, in partnership with Hubbis (HK) Restricted (“Hubbis”), introduced the discharge of the up to date “Information to HNW Life Insurance coverage – a Sensible Handbook for Monetary Advisors 2022” (“Information”). Sponsored by TLB as a part of its Mastering Excessive Internet Value (MHNW) programme, and ready by Hubbis, that is the third 12 months that TLB has collaborated with Hubbis to convey this essential useful resource to monetary advisors, brokers and wealth managers.
For the reason that final version of the Information in 2021, the world and international economic system has undergone dramatic modifications. Though the anxiousness round COVID waned in 2021 internationally, the brand new COVID variants that proceed to emerge, the affect of the conflict in Ukraine, together with the rise in oil, fuel, meals costs and supply-side challenges from pandemic lockdowns, has impacted financial exercise leading to elevated financial volatility and geopolitical dangers. As well as, inflation is working at ranges not seen because the early Nineteen Eighties. In response, central banks world wide are actually embarking on a course of speedy tightening in financial coverage. In a remarkably brief area of time, we see a flip from low rates of interest and excessive asset markets to larger rates of interest and decrease asset markets.
Regardless of the well being and market uncertainty, nonetheless, the HNW and Extremely Excessive Internet Value (UHNW) inhabitants remained resilient. In response to a latest Capgemini research, in 2021 the worldwide HNW inhabitants and their international wealth grew by 7.8% and eight% respectively. North America led the best way in progress, with the European and Asia-Pacific areas following in second and third place respectively.
“Whereas TLB sees a extra combined and difficult financial scenario unfolding this 12 months, we stay very optimistic in regards to the prospects for HNW life insurance coverage progress in 2022 and past. With an ever-changing and unpredictable setting comes the need for extra certainty – and life insurance coverage continues to be an ideal automobile to supply that certainty,” stated Chirag Rathod, CEO of TLB. “Furthermore, excessive internet value people (HNWIs) are displaying vibrant curiosity in new monetary options, presenting new alternatives for innovation in each services and products. Due to this, the Information stays an essential and related device for monetary professionals immediately. We hope that it gives a helpful information to understanding the important thing dimensions of HNW life insurance coverage and sensible functions. That is a part of our persevering with dedication to supply utmost help to our companions and serving to so as to add extra worth to our clients’ lives,” he added.
“We’re delighted to as soon as once more associate with Transamerica Life (Bermuda) Ltd. to launch this up to date model of the Information. With the difficult market and well being setting, we see HNWIs reassessing their priorities and searching for extra methods to develop and shield their wealth. The continued demand for all times insurance coverage provides an ideal progress alternative for monetary professionals who’re capable of rapidly adapt to the altering expectations and wishes of this distinctive market section,” stated Michael Stanhope, Founder and CEO of Hubbis.
As a number one life insurance coverage firm singularly targeted on the HNW market, TLB is recognised for its award-winning services and products, in addition to its experience in dealing with giant sums assured and complicated instances supporting legacy and enterprise planning. Launched in December 2019, TLB’s MHNW program gives its distribution companions with specialised insights, concepts, and sources to assist them higher serve the wants of HNW clients. As the most recent useful resource underneath TLB’s MHNW program, the Information goals to furnish monetary professionals with an accessible device to extend their information and expertise, serving to them to maximise their alternatives within the rising HNW area.
“Information to HNW Life Insurance coverage – a Sensible Handbook for Monetary Advisors (2022)” is on the market to monetary companies professionals through Hubbis at https://www.hubbis.com/article/guide-to-hnw-life-insurance
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The issuer is solely liable for the content material of this announcement.
About Transamerica Life (Bermuda) Ltd.:
Transamerica Life (Bermuda) Ltd. (TLB) is a recognised main HNW life insurance coverage supplier with intensive experience in all facets of HNW wealth safety, together with dealing with giant sums assured and complicated instances supporting legacy and enterprise planning. Transamerica has been in Asia for over 80 years and has been a pioneer in managing common life portfolios for over 40 years. TLB was awarded an “Excellent Accountable Insurer (2021)” award on the 12th Benchmark Wealth Administration Awards in Hong Kong. TLB is a part of the Aegon Group, an built-in, diversified, worldwide monetary companies group that provides funding, safety, and retirement options. Additional details about TLB is on the market right here: 
www.transamericalifebermuda.com
About Aegon:
Aegon’s roots return 175 years – to the primary half of the nineteenth century. Since then, Aegon has grown into an built-in, diversified, worldwide monetary companies group that provides funding, safety, and retirement options. Aegon is headquartered in The Hague, the Netherlands, and listed on Euronext Amsterdam and the New York Inventory Alternate. Aegon corporations make use of over 22,600 workers and has 31.7 million clients with a transparent function of “Serving to individuals reside their greatest lives.” Additional details about Aegon is on the market right here: www.aegon.com
