All articles by GlobalData Financial
GlobalData Financial
Individuals trying to escape NHS waiting lists drives medical insurance sales
According to NHS statistics, there were over 7.5 million cases in England waiting to receive public-funded medical treatment as of October 2024.
Rise in cryptocurrency fraud creates opportunities for the insurance industry
A GlobalData poll conducted on Verdict Media sites in Q2 2024 found that 44% of respondents are interested in purchasing insurance for their cryptocurrency wallets.
Aviva’s acquisition of Direct Line will cement its dominance in UK insurance market
By adding Direct Line, a top-five competitor in its own right, Aviva’s lead would widen substantially.
AI, ESG, and cyber will be the key insurance themes in 2025
While we expect AI, ESG, and cyber to be the leading themes in the insurance industry in 2025, there will be plenty of other influential ones.
UK home insurers could do more to help customers mitigate weather-related risks
According to GlobalData, 14.9% of UK home insurance policyholders receive reminders from their providers to arrange regular home inspections.
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A lower IPT rate can help boost the adoption of EVs among UK consumers
According to a GlobalData survey, 27.4% of UK consumers report that high insurance premiums deter them from transitioning to a EV.
US consumers prefer to pay insurance with traditional methods, but options can be improved
According to GlobalData, 57.5% of US consumers prefer paying their insurance with traditional methods such as debit or credit cards.
Storm Bert could increase pressure on insurance consumers in coastal areas
A lack of accurate weather forecasting and prevention measures has in part been blamed for the level of damage caused by Storm Bert.
The insurance industry has a key role to play in mitigating cyber risks
A GlobalData poll in Q2 2024 found that 36.6% of respondents identify cyber risk as the greatest challenge facing the insurance industry over the next three years.
One in five US citizens are denied home insurance amid worsening climate change risks
There is a need for innovative solutions to tackle these challenges, particularly as the frequency of these events is only bound to worsen as climate change accelerates.