- Article Archives
- No comments
As insurance carriers searched for ways to expand and improve their product offerings, industry executives recognized unique and diverse risk in a rather unusual space–the high net worth market. Interestingly enough, while the affluent are generally thought of as having excessive amounts of everything, when it comes to insurance products, most are underinsured.
The year 2013 marked the very first Council for Insuring Private Clients (CIPC) that centered entirely on serving the needs of individuals with high net worth. Affluent individuals often need more than what’s offered through traditional personal lines coverage, thus carving out room for this growing niche.
At last year’s CIPC conference, founding CIPC board member Jerry Hourihan spoke candidly about how well high net worth personal lines insurance will assist these previously underserved clients in protecting their hard-earned assets. “In order to properly serve those customers, we [insurance professionals] need to have expertise and command of all those risk management products and services.”
Chivaroli Premier Insurance Services is a full-service independent agency specializing in customized solutions to protect the personal assets you’ve worked so hard to attain. To learn more about high net worth personal insurance lines, contact Chivaroli Premier today!