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The up to date sensible handbook helps monetary advisors in understanding the distinctive options of HNW life insurance coverage and the way it will help defend their clients’ wealth
HONG KONG SAR – Media OutReach – 19 August 2022 – Transamerica Life (Bermuda) Ltd. (TLB), a number one Excessive Web Price (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 Web Price (MHNW) programme, and ready by Hubbis, that is the third 12 months that TLB has collaborated with Hubbis to carry 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 world financial system has undergone dramatic adjustments. Though the anxiousness round COVID waned in 2021 internationally, the brand new COVID variants that proceed to emerge, the affect of the battle in Ukraine, together with the rise in oil, gasoline, 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 Eighties. In response, central banks world wide at the moment are embarking on a course of fast tightening in financial coverage. In a remarkably quick 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 Web Price (UHNW) inhabitants remained resilient. In keeping with a current Capgemini research, in 2021 the worldwide HNW inhabitants and their world wealth grew by 7.8% and eight% respectively. North America led the way in which 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 atmosphere comes the will for extra certainty – and life insurance coverage continues to be an ideal car to supply that certainty,” mentioned 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 at this time. 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 assist 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 atmosphere, we see HNWIs reassessing their priorities and on the lookout for extra methods to develop and defend their wealth. The continued demand for all times insurance coverage gives an excellent progress alternative for monetary professionals who’re in a position to rapidly adapt to the altering expectations and desires of this distinctive market section,” mentioned Michael Stanhope, Founder and CEO of Hubbis.
As a number one life insurance coverage firm singularly centered 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 circumstances 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 newest useful resource below TLB’s MHNW program, the Information goals to furnish monetary professionals with an accessible device to extend their information and abilities, 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 accessible to monetary companies professionals by way of Hubbis at https://www.hubbis.com/article/guide-to-hnw-life-insurance
Hashtag: #TransamericaLifeBermuda
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 points of HNW wealth safety, together with dealing with giant sums assured and complicated circumstances 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 accessible 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 Trade. Aegon corporations make use of over 22,600 workers and has 31.7 million clients with a transparent objective of “Serving to individuals stay their finest lives.” Additional details about Aegon is accessible right here: www.aegon.com
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