Transamerica Life Bermuda Releases Up to date Information To Excessive Internet Value Life Insurance coverage

The up to date sensible handbook helps monetary advisors in understanding the distinctive options of HNW life insurance coverage and the way it might help shield their clients’ wealth

HONG KONG SAR – Media OutReach – 19 August 2022 – Transamerica Life (Bermuda) Ltd. (TLB), a number one Excessive Internet Value (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 Internet Value (MHNW) programme, and ready by Hubbis, that is the third yr that TLB has collaborated with Hubbis to convey this vital useful resource to monetary advisors, brokers and wealth managers.

For the reason that final version of the Information in 2021, the world and world economic system has undergone dramatic modifications. Though the anxiousness round COVID waned in 2021 the world over, the brand new COVID variants that proceed to emerge, the influence of the conflict in Ukraine, together with the rise in oil, fuel, 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 for the reason that early Eighties. In response, central banks world wide at the moment are embarking on a course of speedy tightening in financial coverage. In a remarkably brief house of time, we see a flip from low rates of interest and excessive asset markets to increased rates of interest and decrease asset markets.

Regardless of the well being and market uncertainty, nevertheless, the HNW and Extremely Excessive Internet Value (UHNW) inhabitants remained resilient. In keeping with a latest Capgemini examine, in 2021 the worldwide HNW inhabitants and their world wealth grew by 7.8% and eight% respectively. North America led the best way in development, with the European and Asia-Pacific areas following in second and third place respectively.

“Whereas TLB sees a extra blended and difficult financial state of affairs unfolding this yr, we stay very constructive in regards to the prospects for HNW life insurance coverage development in 2022 and past. With an ever-changing and unpredictable surroundings comes the need for extra certainty – and life insurance coverage continues to be an ideal car to offer that certainty,” mentioned Chirag Rathod, CEO of TLB. “Furthermore, excessive internet price people (HNWIs) are exhibiting vibrant curiosity in new monetary options, presenting new alternatives for innovation in each services. Due to this, the Information stays an vital and related instrument for monetary professionals right this moment. We hope that it offers a helpful information to understanding the important thing dimensions of HNW life insurance coverage and sensible purposes. That is a part of our persevering with dedication to offer 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 accomplice with Transamerica Life (Bermuda) Ltd. to launch this up to date model of the Information. With the difficult market and well being surroundings, we see HNWIs reassessing their priorities and in search of extra methods to develop and shield their wealth. The continued demand for all times insurance coverage provides an ideal development alternative for monetary professionals who’re in a position to shortly adapt to the altering expectations and wishes 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, in addition to its experience in dealing with giant sums assured and sophisticated circumstances supporting legacy and enterprise planning. Launched in December 2019, TLB’s MHNW program offers its distribution companions with specialised insights, concepts, and sources to assist them higher serve the wants of HNW clients. As the newest useful resource beneath TLB’s MHNW program, the Information goals to furnish monetary professionals with an accessible instrument to extend their information and expertise, serving to them to maximise their alternatives within the rising HNW house.

“Information to HNW Life Insurance coverage – a Sensible Handbook for Monetary Advisors (2022)” is obtainable to monetary providers professionals through Hubbis at https://www.hubbis.com/article/guide-to-hnw-life-insurance

Hashtag: #TransamericaLifeBermuda

The issuer is solely accountable 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 in depth experience in all points of HNW wealth safety, together with dealing with giant sums assured and sophisticated 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 12^th Benchmark Wealth Administration Awards in Hong Kong. TLB is a part of the Aegon Group, an built-in, diversified, worldwide monetary providers group that provides funding, safety, and retirement options. Additional details about TLB is obtainable 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 providers 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 staff and has 31.7 million clients with a transparent goal of “Serving to individuals reside their finest lives.” Additional details about Aegon is obtainable right here: www.aegon.com