INSURANCE USAGE & AWARENESS (UK - US)

VIEWS From THE WealthY CONSUMER

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Survey Background

This snapshot report is part of Altiant’s Category Surveys, short questionnaires submitted to our in-house panel of Affluent and High Net Worth Individuals, LuxuryOpinions®. This version explores our panel’s usage and awareness of about 20 leading insurance companies.

The quantitative online survey for this report was carried out during June 2019, and in total interviewed 632 members from the UK and US. Subgroups were defined based on investable assets, those having between $250,000 - $1,000,000 are classified as “Emerging HNWI” and those with more than $1,000,000 are classified as High Net Worth Individuals “HNWI”.

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For this report, 30% of the 632 sample was aged 18-39, while 70% was aged 40+. The gender split was 55:45% male:female. The Median Household Income (HHI) for this survey was $763,480.39 and the Median Investible Assets was $1,635,294.

Please note that any overarching references to Emerging HNWIs/HNWIs refer specifically to those surveyed in this report. Comprehensive data broken out and charted by region is available on request.

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CURRENT INSURANCE USAGE AMONG UK EMERGING HNWIs and UK HNWIs

Emerging HNWI = Assets of £250k-£1m HNWI = Assets of £1m+ 

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Base: 318 UK Emerging/HNWIs Source: LuxuryOpinions/Altiant

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CURRENT INSURANCE AWARENESS AMONG UK EMERGING HNWIs and UK HNWIs

Emerging HNWI = Assets of £250k-£1m HNWI = Assets of £1m+ 

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Base: 318 UK Emerging/HNWIs Source: LuxuryOpinions/Altiant

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CURRENT INSURANCE USAGE AMONG US EMERGING HNWIs and US HNWIs

Emerging HNWI = Assets of £250k-£1m HNWI = Assets of £1m+ 

Insurance D.png 
Base: 314 US Emerging HNWIs/HNWIs Source: LuxuryOpinions/Altiant

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CURRENT INSURANCE AWARENESS AMONG US EMERGING HNWIs and US HNWIs

Emerging HNWI = Assets of £250k-£1m HNWI = Assets of £1m+

Insurance E.png 
Base: 314 US Emerging HNWIs/HNWIs Source: LuxuryOpinions/Altiant

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To view the data set in full, or speak to us about any of your luxury research requirements, please email us at contact@altiant.com

Contributors

Chris Wisson, Knowledge Director

Lars Long, Founder & CEO

Contact

reports@altiant.com

Publications contained in the Altiant Knowledge Center are free to use, we simply require proper attribution. In no event shall Altiant be liable for any indirect, special or consequential damages in connection with any use of the provided data. Altiant does prohibit the selling of any information contained within or derived from these reports and monitors.