Singapore-based fintech firm Wrise has partnered with CTF Life Bermuda to deliver an integrated approach to wealth management and legacy planning for clients.  

The strategic collaboration, formalized during a signing ceremony in Dubai this week, allows Wrise to expand its service offerings through a direct model that enhances client value, while CTF Life Bermuda expands its presence in key growth markets.

Wrise will begin distributing a variety of CTF Life Bermuda insurance solutions to clients across its Private and Prestige segments in key markets by the end of the year. These offerings include universal life insurance, indexed universal life, and variable universal life. Wrise boasts a strong presence across key financial hubs, including Singapore, Dubai, Hong Kong, Shanghai, Shenzhen and Tokyo.

"This landmark partnership with CTF Life Bermuda is a testament to Wrise Group's vision of creating a seamless and holistic 360-degree wealth management platform for our clients," says Wrise group executive chairman Derrick Tan.

"Our clients are increasingly focused on leveraging insurance for long-term legacy planning, and this strategic alliance was conceptualized specifically to meet those evolving needs. By establishing a partnership with a trusted partner like CTF Life Bermuda, Wrise is now in a unique position among its peers and better equipped to ensure our clients have direct and comprehensive access to essential wealth protection and legacy planning tools," he adds.

The global insurance market for high-net-worth individuals is expected to grow to US$139.28 billion by 2032.