Insurers see value in HNW

The move follows research from Datamonitor that indicated there were currently more than one million HNW individuals in the UK, a figure that is expected to grow by 8% each year. Consequently, RSA confirmed its HNW product, Primechoice, and mid-net-worth (MNW) product, Preferred Choice, would be made available to the UK broking market through SmithGreenfield.

Giles Greenfield, director at SmithGreenfield, said: "Research has indicated only a fraction of the HNW market in the UK has been tapped