Gallagher connects Chubb’s themes to local risk priorities
In commentary directed at affluent clients and advisers, Gallagher reports that Chubb’s wealth report reinforces patterns seen in its survey of 200 Australians with more than $5 million in investible assets. Both sources identify market volatility, climate exposures, and cyber threats as key pressures on accumulated wealth. Chubb’s report states that “to protect the irreplaceable – whether a collection, or a carefully cultivated lifestyle – requires an understanding of how risk manifests in everyday life and across generations.” Gallagher refers to this theme in outlining a protection approach that combines insurance with valuation discipline, physical risk controls, and estate planning. Across the high-net-worth segment, Chubb notes that loss of investment value is the leading concern, identified by 91% of respondents, with loss of income from employment or business activity cited by 83%. Family-related issues, including divorce, are a concern for about three-quarters of respondents, alongside fears about crime, fraud, litigation, and policy changes that could alter the tax treatment of wealth.