Life Insurance Industry Must Innovate To Handle 8 Trillion Wealth Transfer Wealth Professional

Life Insurance Industry Must Innovate To Handle $8 Trillion Wealth Transfer | Wealth Professional

Life Insurance Industry Must Innovate To Handle $8 Trillion Wealth Transfer | Wealth Professional The world’s aging population controls a vast amount of wealth and is set to transfer it to their heirs in the coming years, but is the life insurance industry ready?. To help policyholders age well, carriers must find a way to appeal to the evolving needs of consumers by creating a personalized and tailored experience through more innovative product design.

How To Position Yourself Today For The Coming $84 Trillion Wealth Transfer

How To Position Yourself Today For The Coming $84 Trillion Wealth Transfer A new report from capgemini research institute reveals that the global life insurance sector is not ready for a trillion dollar shift in the coming decades. Capgemini research institute released its world life insurance report 2023, revealing a crucial turning point for the life insurance sector. facing a substantial decline in assets under management (aum), the industry braces itself for the largest inter generational wealth transfer in history. According to capgemini’s new report, 60% of individuals aged 65 or older have not sought professional financial advice to prepare for retirement or to transfer their wealth. In essence, the life insurance industry faces a critical juncture, requiring innovation, collaboration, and a customer centric focus to navigate the challenges posed by the unprecedented wealth transfer on the horizon.

The Oncoming $84 Trillion Wealth Transfer: Digital Solutions For Wealth Management Firms | Think ...

The Oncoming $84 Trillion Wealth Transfer: Digital Solutions For Wealth Management Firms | Think ... According to capgemini’s new report, 60% of individuals aged 65 or older have not sought professional financial advice to prepare for retirement or to transfer their wealth. In essence, the life insurance industry faces a critical juncture, requiring innovation, collaboration, and a customer centric focus to navigate the challenges posed by the unprecedented wealth transfer on the horizon. In a recently published report by the capgemini research institute, it has been highlighted that the life insurance industry is facing an unprecedented challenge as it grapples with the impending transfer of an estimated $7.8 trillion in assets under management (aum) to beneficiaries by 2040. Not only will it anchor the industry amid the upcoming upheaval of generational wealth, but it will shape the industry’s future during this age of innovation. According to capgemini’s new report, 60% of individuals aged 65 or older have not sought professional financial advice to prepare for retirement or to transfer their wealth. The capgemini research institute’s world life insurance report 2023 reveals three in four consumers are interested in innovative life insurance offerings to help them age well, but insurers lack the product development capabilities. download the report here.

Millennials & Wealth Transfer: Are They Ready? (2025)

Millennials & Wealth Transfer: Are They Ready? (2025) In a recently published report by the capgemini research institute, it has been highlighted that the life insurance industry is facing an unprecedented challenge as it grapples with the impending transfer of an estimated $7.8 trillion in assets under management (aum) to beneficiaries by 2040. Not only will it anchor the industry amid the upcoming upheaval of generational wealth, but it will shape the industry’s future during this age of innovation. According to capgemini’s new report, 60% of individuals aged 65 or older have not sought professional financial advice to prepare for retirement or to transfer their wealth. The capgemini research institute’s world life insurance report 2023 reveals three in four consumers are interested in innovative life insurance offerings to help them age well, but insurers lack the product development capabilities. download the report here.

Benefitting From Australia's $4 Trillion Wealth Transfer

Benefitting From Australia's $4 Trillion Wealth Transfer According to capgemini’s new report, 60% of individuals aged 65 or older have not sought professional financial advice to prepare for retirement or to transfer their wealth. The capgemini research institute’s world life insurance report 2023 reveals three in four consumers are interested in innovative life insurance offerings to help them age well, but insurers lack the product development capabilities. download the report here.

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