Over $84 trillion will transfer to the next generation by 2045, according to consulting firm Cerulli. Art collections will be a part of that. Are you ready?
Generational differences can make it more challenging for insurance agents and brokers to build trust and earn loyalty as assets like art collections are passed on to the next generation. For example, social media is a big influencer for the next generation, as 73% of millennials will read social media reviews of an agent before using them, while only 44% of baby boomers will, according to a 2022 Chubb study.
Big “I" Markets' affluent partner Chubb is your resource for thought leadership and actionable tools to build relationships with the next generation, as well as comprehensive insurance solutions to fit the needs of art collectors of all ages.
Did—or will—your next-generation client or prospect inherit an art collection?
Read an article from Chubb on inherited art collections so you can help guide heirs to the right actions and resources to preserve and enjoy the collection. Consider Chubb valuable articles monoline coverage if the client doesn't yet have additional assets that need protection. And remember Chubb's in-house art specialists can provide referrals to fine art professionals and additional services, such as transit and display consultation, loan and consignment agreement reviews and more.
Big “I" Markets agents have access to Chubb affluent homeowners coverage. Log in to Big “I" Markets to submit a quote today.