Bernhard Kotanko

1 month ago | asianbankingandfinance.net | Bernhard Kotanko |Vishal Kaushik |Joydeep Sengupta

Banks, insurers, and asset managers in Asia Pacific (APAC) could soon be faced with a partial transition of new wealth flows to WealthTechs. What can they do before it is too late? Wealth in Asia is undergoing a seismic shift. According to a McKinsey analysis, ultra-high-net-worth and high-net-worth families are set to experience an intergenerational wealth transfer estimated at $5.8t between 2023 and 2030.

Oct 23, 2024 | mckinsey.com | Bernhard Kotanko |Joydeep Sengupta |Sonia Barquin

Banks, insurers, and asset managers in Asia–Pacific could soon be faced with a partial transition of new wealth flows to the tune of $700 billion of personal financial assets (PFA) to WealthTechs as customers look to digital platforms to help manage their increasing wealth. With the number of WealthTech companies in the region rapidly growing to meet this burgeoning demand—and customer preferences shifting—financial institutions may need to reassess their digital wealth management offerings.

Sep 8, 2024 | mckinsey.com | Bernhard Kotanko |Joydeep Sengupta

According to McKinsey analysis, between 2023 and 2030, ultra-high-net-worth (UHNW) and high-net-worth (HNW) families in the Asia–Pacific region are set to experience an intergenerational wealth transfer estimated at $5.8 trillion. UHNW families are expected to account for about 60 percent of the total wealth transfer (Exhibit 1), and many are setting up family offices to facilitate the process.

Apr 8, 2024 | asiainsurtechpodcast.com | Michael Waitze |Bernhard Kotanko

“Asia, of course, is a construct of many, many geographies. And each geography is very different…I see a real opportunity to leapfrog and not go through all the stages… Here in Asia, you can make markets, you can create markets.” – Bernhard KotankoIn this second episode of the Asia InsurTech Podcast featuring Bernhard Kotanko, a Senior Partner at McKinsey & Company, we do a deep dive into the future of Property and Casualty (P&C) Insurance in Asia.

Mar 25, 2024 | asiainsurtechpodcast.com | Michael Waitze |Bernhard Kotanko

Amidst a backdrop of slowed growth rates in Life Insurance, both developed and developing markets in Asia are facing critical junctures. In an insightful episode of the Asia InsurTech Podcast, Bernhard Kotanko, a Senior Partner and Asia-Pacific Insurance Practice leader at McKinsey & Company delves into the transformative shifts within Asia’s Life Insurance sector.