Top Five Risk Concerns
NOTABLE CHANGES
23%
57%
11%
Claims Severity
1%
37%
49%
Claims Frequency
As risks become more complex, expert advice, education,
and insights are critical for family offices and the families they serve.
Learn more about these statistics and family office risk management trends in our Family Office Benchmarking Study 2021.
CONCERNS FOR FAMILY OFFICE CLIENTS
93%
91%
89%
87%
84%
Property
Risks
Personal
Liability
Natural
Disasters
Cyber
Risks
Financial Fraud & ID Theft
Physical Security 60%
0%
100%
80%
60%
40%
20%
Domestic Employees 62%
Business Exposures 69%
Medical/Health Concerns 76%
Valuable Collections 73%
Auto Losses 82%
Travel Risks 58%
Professional Liability 56%
Yacht Losses 36%
Aircraft Exposure 38%
Additional Areas of Concern
Financial/Investment Risks 58%
Multinational Property & Liability 29%
Transaction/M&A Risks 11%
Domestic
Employees
Fine Art
Equipment
Breakdown
41% increase
13% increase
14% decrease
14% increase
in families collecting art
in full-time employees
in part-time employees
in families choosing to protect their homes’ systems and technology
CLAIMS AVERAGES
Family office client auto, home, and liability
claims averages over the past 10 years
Claims Frequency
Claims Severity
53%
35%
1%
25%
57%
11%
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Three notable changes since our last survey in 2018
Family office client auto, home, and liability
claims averages over the past 10 years