Cross-border planning needs and rising demand for succession planning are supporting growth in international wealth insurance, according to new research from Utmost and NMG Consulting.
Sales of international wealth insurance products increased by 46% between 2023 and 2025, according to new research from Utmost and NMG Consulting, highlighting continued growth in a market that still represents a relatively small proportion of global wealth.
The study found sales rose from £36.4bn in 2023 to £53.0bn in 2025, equating to a compound annual growth rate of 21%. The research suggests the two-year period provides a clearer picture of market momentum following the normalisation seen after the COVID-19 pandemic.
Despite the recent growth, international wealth insurance accounts for only around 1% of the estimated £49tn global high-net-worth (HNW) investible asset market, excluding the US.
The research points to significant scope for further expansion. Growing HNW populations are driving demand for cross-border wealth planning solutions, while increasing familiarity with insurance-based structures among private banks and wealth managers is expected to support wider adoption.
According to projections from NMG Consulting, international wealth insurance sales could reach £87bn by 2030, representing growth of more than 60% from current levels.
Mark Fairbairn, head of strategy and corporate affairs at Utmost, said high-net-worth clients are increasingly seeking solutions that support long-term financial planning.
“High-Net-Worth individuals are increasingly looking for solutions that can support their long-term savings requirements. As family wealth planning needs evolve, insurance-based wealth solutions are playing a growing role in helping clients structure their assets efficiently and plan for future generations.”
The report suggests a combination of rising global wealth and increasingly complex family planning needs is helping to underpin growth in the sector.
It also highlights the importance of international planning for affluent families whose assets, business interests or beneficiaries may span multiple jurisdictions.
Fairbairn said that, despite recent growth, the market remains at an early stage relative to the size of the wider HNW opportunity.
“While the international wealth insurance market has grown strongly in recent years, it still represents only a small proportion of the global HNW market, highlighting the significant opportunity given the structural drivers among HNW and internationally mobile affluent families.
“Expanding global wealth, growing demand for succession planning and increased wealth mobility create a compelling backdrop to maintain, or accelerate, the industry momentum seen over recent years.”
For advisers and paraplanners working with internationally mobile clients or those with more complex estate planning requirements, the findings suggest insurance-based wealth solutions are continuing to gain traction as part of the broader wealth planning landscape.
Main image: Global, kyle-glenn-nXt5HtLmlgE-unsplash
