All articles by GlobalData Financial
GlobalData Financial
RSA’s Direct Line deal highlights its refocus on commercial lines
RSA did not feature in the top five for any motor products, so this purchase immediately made RSA a much larger player in the commercial motor market.
YuLife’s AI-based metric can improve awareness of employee health and wellness
GlobalData’s 2022 UK Insurance Consumer Survey found that 46.6% of people would be open to using wearable technology to help them achieve wellness objectives and lead healthier lives.
SMEs becoming more likely to turn to insurtech brands for cover since the pandemic
SMEs can often require niche or specialist insurance cover but at a relatively low price given SME turnover.
Growing SME fears around cyber risk is encouraging new players to offer cyber cover
Insurance companies need to be flexible and react to the shifting environment in a world where cyber threats are always expanding and becoming more sophisticated.
Motor and life most prominent for disruption by embedded insurance trend
Embedded insurance is becoming a growing trend in the industry as the growth of mobile and e-commerce presents better opportunities for insurers to get insurance products in front of customers at the right time.
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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.