All articles by GlobalData Financial
GlobalData Financial
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.
Sensible Weather’s new travel insurance product may increase uptake of domestic travel insurance
Holidaymakers in the UK can now safeguard their holiday plans by insuring themselves against rain, with Sensible Weather’s travel insurance paying out in the event of a bleak weather forecast.
Demand for private medical insurance continues to attract consumers as NHS waiting list grows
Private medical insurance (PMI) continues to attract more consumers as the NHS backlog grew to 7.6 million in June 2023, according to NHS England.
UK employees reluctant to increase pension contributions
The UK government has little scope to increase minimum pension contributions with UK consumers reluctant to pay more than current levels.
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Investors must stay strong on ESG commitments despite political and financial pressures
Pension providers and wealth managers should look to weather the anti-environmental, social, and governance (ESG) storm brewing across the world in favour of the longer-term benefits of more business.
Chubb looking to tackle growing vehicle thefts by distributing vehicle trackers
GlobalData’s 2022 UK Insurance Consumer Survey states that 18.0% of motor insurance customers reported a claim for the theft of a vehicle or its contents in 2022.
Aviva set to extend its lead in household insurance after Barclays deal
Aviva is already the leading household insurer in the UK as per GlobalData findings.
The cost-of-living crisis is impacting young consumers’ ability to purchase life insurance
The impact of the cost-of-living crisis on the life insurance market may result in fewer policies purchased because a substantial share of young adults cannot afford them.
Industry professionals believe AI tools will cause an increase in cyberattacks
GlobalData surveying indicates that over half of industry insiders believe artificial intelligence (AI) applications, such as ChatGPT, will cause an increase in cyberattacks.