HSBC Sees ‘Explosion’ in Estate Planning Demand as Risks Rise

HSBC Holdings Plc’s insurance chief said the company is seeing an “explosion” in demand for estate planning and wealth transfer solutions as clients seek to de-risk from global uncertainty.

The insurance arm also manages $120 billion of investments for its clients, which face a challenging environment where valuations are stretched and as sectors are targeted by the AI revolution, Edward Moncreiffe said in a Bloomberg TV interview.