All articles by GlobalData Financial

Insurers need to keep targets to combat climate change

Industry experts believe insurers sticking to targets around both underwriting carbon-emitting projects and investing in polluting companies, industries, and funds is the most important thing they can do to fight climate change.

Almost 20% of young pet insurance consumers purchase policies following social media influence

GlobalData’s 2022 UK Insurance Consumer Survey finds that 5–10% of consumers in each of the four key personal lines of insurance researched on social media before purchasing their insurance policy.

The cost-of-living crisis has severely and unequally hampered the finances of low-income UK consumers

According to GlobalData’s 2023 UK Life and Pensions Survey, UK consumers in the lowest income bracket are almost three times more likely to have been negatively impacted by the cost-of-living crisis than those in the highest bracket.

Aviva’s strengths give it a competitive advantage, according to Socotra’s survey

GlobalData surveying finds that brokers consider Aviva to be best-in-class across a range of key areas that matter to brokers.

UK consumers are more likely to increase pension contributions despite the cost-of-living crisis

Consumers in the UK were more likely to increase their pension contributions than reduce them in the 12 months to May 2023.

Wearable devices and financial rewards can incentivise more younger consumers to live healthily

YuLife has partnered with the University of Essex to evaluate the effects of its game-based app on public health and individual wellbeing.

Understanding cyber risk more effectively can help insurers keep cyber rates affordable

Coalition’s new cyber vulnerability scoring system will help more businesses identify and mitigate cyber threats in real time.

South Africa’s National Health Insurance Bill could contract the private health insurance market

In June 2023, the National Assembly of South Africa passed the National Health Insurance Bill, marking a significant step towards achieving universal health coverage for all citizens.

Businesses should accelerate investment into AI, following the lead of Ignite’s chatbot

GlobalData surveying suggests that over 50% of firms plan to increase their investment into AI in the future.

New Howden telematics product will grow business among younger consumers