Chubb's 2024 Wealth Report: Affluent Households Name Climate, Cyber and Collectibles Risks as Top Threats to Building and Maintaining Wealth
Chubb's 2024 Wealth Report reveals significant concerns among affluent households regarding wealth protection. 90% of respondents cite climate change as a leading concern, up 20% from last year, while 92% fear liability lawsuits. In the digital realm, 56% worry about identity theft, and 55% about cyberbullying. Among collectors, 81% fear theft of valuable items. Despite these risks, 63% see increased wealth-building opportunities compared to last year. The survey covered 800 North American respondents, mostly with assets exceeding $5 million, revealing that 86% plan increased home spending, with 80% considering sustainable features during renovations.
Il Rapporto sul Patrimonio 2024 di Chubb rivela significative preoccupazioni tra le famiglie abbienti riguardo alla protezione del patrimonio. Il 90% degli intervistati cita il cambiamento climatico come una delle principali preoccupazioni, con un aumento del 20% rispetto all’anno scorso, mentre il 92% teme cause legali per responsabilità. Nel mondo digitale, il 56% è preoccupato per il furto d'identità e il 55% per il cyberbullismo. Tra i collezionisti, l'81% teme il furto di oggetti di valore. Nonostante questi rischi, il 63% vede opportunità crescenti per la creazione di ricchezze rispetto all’anno scorso. L'indagine ha coinvolto 800 intervistati nordamericani, per lo più con beni superiori a 5 milioni di dollari, rivelando che l'86% prevede di aumentare la spesa per la casa, con l'80% che considera caratteristiche sostenibili durante le ristrutturazioni.
El Informe sobre Patrimonio 2024 de Chubb revela importantes preocupaciones entre los hogares adinerados respecto a la protección de la riqueza. El 90% de los encuestados cita el cambio climático como una de las principales preocupaciones, incrementando un 20% respecto al año pasado, mientras que el 92% teme demandas por responsabilidad civil. En el ámbito digital, el 56% está preocupado por el robo de identidad y el 55% por el ciberacoso. Entre los coleccionistas, el 81% teme el robo de artículos valiosos. A pesar de estos riesgos, el 63% ve crecientes oportunidades para acumular riqueza en comparación con el año pasado. La encuesta cubrió a 800 encuestados de América del Norte, principalmente con activos superiores a 5 millones de dólares, revelando que el 86% planea aumentar el gasto en su hogar, con el 80% considerando características sostenibles durante las renovaciones.
Chubb의 2024년 자산 보고서는 부유한 가정에서 자산 보호에 대한 우려가 크다는 것을 보여줍니다. 90%의 응답자가 기후 변화를 주요 우려 사항으로 지적했으며, 이는 지난해보다 20%% 증가한 수치입니다. 또한 92%는 책임소송에 대한 두려움을 가지고 있습니다. 디지털 영역에서는 56%가 신원 도용에 대한 우려를 표명하고, 55%는 사이버 괴롭힘에 대한 걱정을 하고 있습니다. 수집가들 사이에서는 81%가 귀중품 도난에 대한 두려움을 드러냈습니다. 이러한 위험에도 불구하고 63%는 지난해에 비해 자산 증가 기회가 많다고 느끼고 있습니다. 이번 조사는 주로 5백만 달러 이상의 자산을 가진 800명의 북미 응답자를 대상으로 진행되었으며, 86%는 주거 지출을 늘릴 계획이고, 80%는 리모델링 시 지속 가능한 기능을 고려하고 있습니다.
Le Rapport sur la richesse 2024 de Chubb révèle d'importantes préoccupations parmi les ménages aisés concernant la protection de la richesse. 90% des répondants citent le changement climatique comme une préoccupation majeure, en hausse de 20% par rapport à l'année dernière, tandis que 92% craignent les poursuites pour responsabilité. Dans le domaine numérique, 56% s'inquiètent du vol d'identité et 55% du cyberharcèlement. Parmi les collectionneurs, 81% craignent le vol d'objets de valeur. Malgré ces risques, 63% voient d'accroître les opportunités d'accumulation de richesse par rapport à l'année précédente. L'enquête a couvert 800 répondants nord-américains, principalement avec des actifs supérieurs à 5 millions de dollars, révélant que 86% prévoient d'augmenter leurs dépenses liées à la maison, avec 80% envisageant des caractéristiques durables lors des rénovations.
Der Vermögensbericht 2024 von Chubb offenbart erhebliche Bedenken unter wohlhabenden Haushalten bezüglich des Vermögensschutzes. 90% der Befragten geben den Klimawandel als ein Hauptanliegen an, was einem Anstieg von 20%% im Vergleich zum Vorjahr entspricht, während 92% Angst vor Haftungsklagen haben. Im digitalen Bereich befürchten 56% Identitätsdiebstahl und 55% Cybermobbing. Unter Sammlern fürchten 81% den Diebstahl wertvoller Gegenstände. Trotz dieser Risiken sehen 63% bessere Möglichkeiten zur Vermögensbildung im Vergleich zum Vorjahr. Die Umfrage umfasste 800 nordamerikanische Befragte, meist mit Vermögenswerten von mehr als 5 Millionen Dollar, und zeigt, dass 86% höhere Ausgaben für das Eigenheim planen, wobei 80% nachhaltige Merkmale bei Renovierungen in Betracht ziehen.
- 63% of respondents see more opportunities for building wealth than before
- 86% of wealthy families plan to increase home spending in the next 12 months
- 80% of climate-concerned respondents plan to add sustainable features to their homes
- Only 28% carry sufficient excess liability coverage despite 92% expressing concern about liability lawsuits
- One in six households with assets over $25M reported cyber-attack victimization
- 31% of affluent collectors plan to self-insure new acquisitions, leaving valuable assets unprotected
Insights
This comprehensive wealth report from Chubb reveals significant shifts in risk perception among high-net-worth individuals, with direct implications for Chubb's insurance business model and market positioning. The
The report strategically positions Chubb to capitalize on emerging insurance needs: climate resilience, cyber protection and valuable collections coverage. With only
The protection gap identified in this report represents a critical business opportunity. With
The disconnect between risk awareness and adequate coverage across climate, cyber and collectibles sectors suggests significant underinsurance in the affluent market. This data supports potential premium increases and new product development, particularly in specialized coverage areas where traditional insurance products may fall short.
With
While high net worth individuals are concerned with emerging risks, the survey finds that
"We're seeing a shift in how the wealthy perceive and prepare for risk as they recognize the far-reaching impacts of climate, cybersecurity, and the safeguarding of high value collectibles," said Ana Robic, Division President, Chubb North America Personal Risk Services. "Chubb's 2024 Wealth Report highlights how addressing these concerns requires a more tailored approach that goes beyond standard asset protection, ensuring that affluent individuals can preserve their family's legacy with resilience."
Other Key Findings
- Climate change has become the leading risk for affluent households, with
90% of respondents listing it as a concern—up nearly20% from last year's report. Among these,53% report being considerably or greatly concerned. - Many wealthy families (
86% ) say they will be spending more on their homes over the next 12 months.80% of respondents who are concerned about climate change see home renovations as the best time to add sustainable features.
"The scale of recent climate events is driving wealthy families to rethink their approach to property protection," said Jennifer Naughton, Executive Vice President and Risk Consulting Officer, Chubb Personal Risk Services. "Our findings reveal a greater demand for guidance on mitigating climate impacts—from property resilience planning to sustainable renovations."
- The digital lives of affluent families create distinct vulnerabilities, placing cybersecurity among the top risks in this year's report. Identity theft (
56% ) and cyberbullying (55% ) are the top two concerns, with phishing, malware and ransomware attacks cited as additional concerns. - The report additionally finds that the more assets a family has, the more likely they are to be targeted by cybercriminals. One in six households with assets exceeding
$25 million - Collections of high-value items are a key part of wealth expression among today's affluent, with nearly half planning to acquire fine art, jewelry, cars, wine and other valuables over the next 12 months.
- Protecting these collections is cited as a major priority.
81% of collectors worry most about theft, and67% believe that damage to their collections during travel is their biggest risk. Nonetheless, nearly a third of affluent collectors report plans to self-insure their new acquisitions, an approach that leaves significant value unprotected.
"High-value collections are a unique and irreplaceable part of many families' legacies," said Laura Doyle, Senior Vice President, Fine Art and Valuable Collections Product Leader, Chubb Personal Risk Services. "Protecting these assets requires specialized expertise and coverage, as they are more than just investments—they're often deeply personal items that families want to preserve for future generations."
- Approximately three quarters of survey respondents with substantial collections say they have already decided who will inherit them—but only
64% have taken the legal steps towards bequeathal. - Wealthy individuals increasingly express anxiety over liability-related risks. Chubb's report reveals that
92% of respondents are concerned about the potential financial impact of a liability lawsuit, yet only28% carry sufficient excess liability coverage.
The complete 2024 Chubb Wealth Report findings can be found here.
Methodology
The 2024 Chubb Wealth Report is based on research conducted by Beresford Research. Data was gathered from 800 respondents across
About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 40,000 people worldwide. Additional information can be found at: www.chubb.com.
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SOURCE Chubb Limited
FAQ
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