Brokers could lose out as banks enter HNW
Defaqto study reveals invasion of high net worth market by banks and direct providers
New research has once again highlighted the impact of the banking sector on the general insurance market, this time particularly in high net worth (HNW).
Formerly viewed as an area of little change, the HNW arena has undergone a period of well-documented developments.
In 2011 the market saw both noteworthy acquisitions by key players, such as RSA’s purchase of Oak Underwriting, and some equally eye-catching employee appointments. As ever, change has cultivated challenges and new opportunities
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