All articles by GlobalData Financial
GlobalData Financial
The sale of esure could challenge Admiral as motor insurance market leader
GlobalData’s UK Top 25 General Insurance Competitor Analytics reveals that esure held a 4.9% share of the private motor insurance market in 2023.
WTW’s Radar Vision helps insurers tackle inflation and emerging risks
WTW’s Radar Vision has the ability to generate early insights into inflation, competitor activity, claims, and customer behaviour.
Demand for flood insurance soars in the US
The significant demand for flood coverage in the US and beyond indicates that insurers willing to offer it will be able to increase retention and penetration rates.
Trump tariffs to drive US car insurance costs even higher
GlobalData’s 2024 Emerging Trends Insurance Consumer Survey reveals that 53.5% of US consumers pay over $1,000 annually for car insurance.
Rising pressure from customers is driving demand for environmental insurance products
Amid growing ESG concerns, more companies will look at environmental insurance to protect themselves against the risk that their activities will damage the environment.
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Insurers must tackle the growing threat of political violence and terrorism
As geopolitical tensions escalate globally, businesses are increasingly exposed to these risks, necessitating a proactive approach to public protection measures.
China is leading in EV insurance uptake
With China’s EV sector continuing to expand, insurers operating in the country are well placed to capitalise on rising policy demand.
Controlling risk is still the biggest concern for insurers with cyber insurance
A GlobalData poll conducted across Verdict Media sites in Q4 2024 and Q1 2025 found that assessing risk accurately was the biggest concern among industry insiders in offering cyber insurance.
Lack of expertise is biggest challenge for insurers in implementing AI
To bridge the customer knowledge gap and build trust, insurers should focus on transparency and clear communication regarding AI-driven decision-making.
Strong appetite for crypto insurance as digital assets become increasingly popular
Cryptocurrencies are also largely unregulated and highly volatile. Consequently, insurers continue to view crypto insurance as a highly risky product.