Going up in the world.
A new breed of high-flyer is emerging, sparking massive opportunities for brokers. Chris Elliott assesses what makes the mid net worth sector stand out.
It is official - the wealth of the nation is increasing and hascreated a whole new tranche of society.
A distinct new sector of UK homeowners has been formed that does not fit
the classic insurance definitions. The definition 'mid net worth' is not a
new one but the growth within this segment is something insurers and
brokers would be well advised to take seriously.
Within a stable household market, this segment is projected to grow by 10%
over the next three years. Assuming a typical premium of
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