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90% of Singapore high net worth individuals rely on insurance to for wealth and legacy planning, according to AIA and EY

Felicia Tan
Felicia Tan6/24/2020 10:19 AM GMT+08  • 3 min read
90% of Singapore high net worth individuals rely on insurance to for wealth and legacy planning, according to AIA and EY
The report conducted customer research across four regions: Mainland China, Hong Kong, Taiwan, and Singapore. Some 39% of the respondents surveyed were professionals, and 61% were entrepreneurs and family-inherited HNWIs.
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SINGAPORE (June 24): AIA Singapore and EY have launched a report that provides insight into how high net worth individuals (HWNIs) view and adopt insurance policies, as well as how insurance policies can help them with their overall wealth management on Wednesday.

The report conducted customer research across four regions: Mainland China, Hong Kong, Taiwan, and Singapore. Some 39% of the respondents surveyed were professionals, and 61% were entrepreneurs and family-inherited HNWIs.

The Asia Pacific region, which has shown the fastest growth in total wealth, is home to the largest number of HWNIs in the world.

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