2020 was a year of diverse risks for families. The year was marked by a global pandemic, a record number of named storms, catastrophic wildfires, and ongoing threats to people and property, including cyber risks and liability exposures. When “unprecedented” is the new norm, a key takeaway is a heightened need for thoughtful family office risk management as families continually adjust the way they work and their way of life.
Through extensive analysis of both family office insurance program data and first-person client perspective, we are pleased to share the Family Office Benchmarking Study 2021. This Study provides insight on family office trends, benchmarking data, and education that can help family offices and family members mitigate risk and achieve their goals.