Underwriting challenges of the hazardous pursuits of HNW and UHNW individuals

"It is important that advisers can approach the whole market"

clock • 4 min read

Jacob Fay, protection specialist at John Lamb Hill Oldridge, reviews some of the underwriting challenges that come with securing cover for high-net work (HNW) and ultra high-net worth (UHNW) clients that engage in high-risk pastimes.

Hazardous pursuits encompass a broad range of high-intensity activities that often involve elements of speed, height, and exposure to challenging environments, many of which are common among HNW and UHNW individuals. Some prominent examples include mountaineering, diving, private aviation, and heli-skiing, all of which carry their own unique set of risks and can present underwriting challenges that may have a profound impact on premiums. Subsequently, financial advisers need to comprehend the nuances when helping clients place life cover. One of the primary challenges in assisting ...

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