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As a quick background, Economic “Panics” are historically followed by significant drops in demand for insurance products. Following the crash of 1929, non-life insurance premium as a percent of GDP declined by over 50% and took 20 years to recover. Post the 1980’s recession, premiums declined almost 20%. Post the 1990’s S&L banking crisis, insurance […]
Does your insurance broker: Have a dedicated practice that is both significant and strategic for high wealth individuals? Meet with you annually (or more frequently, if desired)? Have a senior advisor and service team assigned to your account? Conduct a regular review of the following: Major financial changes including liquidity events and/or new wealth Changing […]
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