Blog: HNW household rates – a false sense of security?
Derrick Potton, of Hiscox, calls for market wide correction to artificially low high net worth household rates.
The stars have aligned over the past decade to keep household rates in the high net worth sector artificially low. Despite rising costs, prices have remained fairly stable, but this doesn’t reflect what’s really happening in the market and it’s not a situation that’s sustainable in the long run.
For years consumers have been encouraged to shop around and seek out lower premiums with great support from both the media and even regulators. The high net worth sector has to some extent been shielded
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