Gia Snape recently spoke with Diane Delaney from PRMA about how high net worth families face new challenges when it comes to insurance. With rising risks like climate change, cyber threats, and social inflation, just finding insurance coverage has become a concern in itself.
They discussed how protecting assets today means going beyond traditional insurance. It’s about understanding risks that involve people and being proactive in reducing those risks before they even happen. The conversation also highlights the importance of staying “insurable” in a world where the insurance landscape is constantly changing.
This shift means wealthy clients need to rethink how they manage and plan for risk. Simply buying a policy isn’t always enough anymore. Instead, they need a sharper view of potential dangers and work closely with experts to address them directly.
The podcast is part of a series that covers different ideas and insights on insurance and risk, featuring leaders and experts from various sectors. It offers valuable advice for anyone interested in how insurance is evolving, especially for those with significant assets to protect.