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Expatriate Market

The numbers of expats and foreign nationals living abroad continue to rise: With more people living
abroad or finding work opportunities overseas, these people look for Life-Wealth products that offer
portability and security from country to country. The new generation of digital nomads are struggling
to find sufficiently mobile solutions to their needs.

There are 272 million people living outside of their nation of origin, making up 3.5% of the world’s total
population. If expats were a nation it would be the fifth most populous nation, with a growth rate
matched by Brazil and Indonesia, two of the fastest growing economies worldwide.

The average age of an expatriate (expat) is 38, with the youngest in Africa and oldest in Oceania. UN
statistics estimate that 48% of expats are women and 26 million are aged 65+ years of age, which is a
greater proportion than are represented in the world population. Millennials, those 20-40 year olds,
represent 35% of the total expat population.

Measuring the total wealth of expats is difficult; however, figures estimated by the World Bank suggest
$435 billion in expat wealth. This is without considering the estimated wealth of tax exiles who were
traditionally to be found in the havens of Switzerland, Luxembourg and the like, but are now equally
likely to be in Indonesia or Thailand.

A study conducted by economist James Henry suggests at least USD 20 trillion are ‘hidden
away’/invested worldwide. To put in another way, if 'expats' were a nation, they would, on their
own, be the world’s strongest economic powerhouse.

“How is it possible for Ascot Group to provide both life assurance and wealth
management products, from a sole jurisdiction, via the internet to individuals
located anywhere in the world”.