Fine Art and Specie - Target Market Statement
What is the purpose of this product?
For art and collectors - protection against theft, damage, and physical loss related to to fine art, antiques, collectibles or other high value rare items.
For museums - protection against theft, damage, and physical loss related to to fine art, antiques, collectibles or other high value rare items.
For jewellers block - protection against theft, damage, and physical loss related to jewellery and assets of high value.
What is the target market?
For art and collectors - individuals or companies domiciled in the UK who own valuable artworks, antiques, collectibles or other high value rare items and require protection against theft, damage, and loss related to their art/collectable items.
For museums - individuals or companies such as museums and galleries domiciled in the UK who own and showcase artworks, antiques, collectibles or other high value rare items and require protection against damage, theft and loss in respect of their items.
For jewellers block - individuals and companies domiciled in the UK (such as jewellery wholesalers, retailers, manufacturers and associated trades) who own and / or trade jewellery and assets of high value and require protection against theft, damage and loss in respect of their items.
What is the non-target market?
For art and collectors - individuals or companies domiciled outside of the UK or do not own or have interest in valuable artworks, antiques, collectibles or other high value rare items.
For museums - individuals or companies domiciled outside of the UK or do not own and showcase artworks, antiques, collectibles or other high value rare items.
For jewellers block - individuals and companies domiciled outside of the UK or who do not own or trade in jewellery and assets of high value.
How is the product distributed?
This product can be distributed by brokers only.
Does the product demonstrate fair value?
The outcome of the Fair Value Assessment (FVA) conducted in accordance with Zurich's published FVA methodology confirms that the product provides fair value. All products listed have all passed the Fair Value Assessment and are valid until 30/09/2026.