All articles by GlobalData Financial
GlobalData Financial
Potential RSA sale set to shake up personal lines market in the UK
GlobalData’s UK Top 20 General Insurance Competitor Analytics notes that RSA was the second-largest insurer in the household insurance market in 2021.
John Lewis pauses electric vehicle insurance amid repair cost concerns
EVs feature complex technology, making repairs more expensive compared to traditional internal combustion engine vehicles.
Aviva set to increase dominance in UK life market with AIG Life purchase
This highlights Aviva’s recent repositioning to focus on its stronghold markets in the UK, Ireland, and Canada and move away from Eastern Europe.
Aviva’s digital tool for sustainability and ESG will boost its position among brokers
Aviva has released a digital tool to help brokers embrace sustainability and comprehend the effects their operations have on the environment and society at large in response to this shifting market.
Chubb’s lithium-ion battery risk consortium is good news for net-zero supply chains
GlobalData forecasts global battery revenue to climb to $168bn by 2030 from just $55bn in 2020.
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Motor insurance exits due to rising claims will lead to less choice for consumers
GlobalData’s 2022 UK Insurance Consumer Survey found that Vitality had a negligent share of UK motor insurance, after only entering the market in 2021.
Generative AI can aid insurers in risk management
Insurance verification solution Evident has launched Evie, a generative artificial intelligence (AI) solution for insurance risk management.
Wysa showcases innovation in mental wellbeing support using AI chatbots
Guillaume Anns explains why insurers need to recognise the importance of mental health-focused solutions
Further motor premium hikes will lead to more searching around and switching as consumers are pushed to their limits
Consumers are increasingly looking for cheaper motor insurance policies as inflation continues to see premiums surge and hikes increase.
Younger consumers yet to fully appreciate the financial realities facing them in retirement
A greater proportion of under-30s believe they will have sufficient income to cover their living expenses in retirement than 30–54-year-olds, according to GlobalData surveying.