All articles by GlobalData Financial
GlobalData Financial
European Mental Health Week: Insurers must improve access to mental health services
Demand for mental health support is bound to increase due to the prolonged financial stress.
Larger-sized SMEs are more inclined to leverage credit for insurance purchases
GlobalData’s 2023 UK SME Insurance Survey has found that medium-sized SMEs are more likely to utilise credit to manage their insurance expenses.
UK startup well positioned to target the rise of Generation Rent
GlobalData’s 2023 UK Insurance Consumer Survey found that 25.4% of adults in the UK live in a rental property.
UK SMEs increasingly offer well-being apps to engage their workforce
According to GlobalData’s 2022–2023 UK SME Insurance Surveys, 36.9% of SMEs offered well-being apps or platforms to their employees in 2023, a rise from 34.1% in 2022.
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Consumer confidence poses a hurdle for the integration of AI in underwriting
By demonstrating the benefits and reliability of AI-driven underwriting tools, insurers can bridge the gap in consumer confidence and drive the adoption of these innovative solutions.
More insurers need to offer comprehensive cover in the move to electric vehicles
Supply chain issues when sourcing replacement components for EVs contribute to high premiums as they naturally push up the cost of repairs.
Severe weather will deepen problems for insurers and homeowners
GlobalData’s 2023 UK Insurance Consumer Survey found that 12.2% of claims were made because of weather incidents in 2023.
Lemonade’s new home insurance offering will improve uptake in France
Lemonade’s digital homeowners’ insurance proposition aims to provide a fully digital insurance experience to customers, starting at €10 ($10.85) a month.
Renters may falsely believe that their contents are covered by their landlord
It is crucial for renters to understand the limitations of their landlord’s insurance and the importance of having their own contents insurance in place.