High-net-worth: Getting what you pay for?

In exchange for the premiums high‑net‑worth individuals pay to protect their homes and assets, they seem to get more out of insurers than the average Joe.

Possessing high levels of wealth and assets grants them VIP status in this industry and, as such, price comparison engines might short‑circuit if a wealthy person were to input their assets - which is why most HNW individuals turn to brokers for their insurance needs.

But for brokers and insurers alike, the challenges posed by this client base are changing, and firms are having to respond in kind.