All articles by GlobalData Financial

Household insurers should bolt more features as standard amid cost-of-living crisis

Having to pay for unexpected expenses such as home repairs, which on top tend to be costly, can pose a real challenge to some consumers.

Insurers can improve household insurance policies by providing smart home features

Leading broker setting up parametric team highlights importance of the trend

Parametric insurance is where a pre-agreed measure is set; once it is reached, an automated payout is triggered.

Individuals trying to escape NHS waiting lists drives medical insurance sales

According to NHS statistics, there were over 7.5 million cases in England waiting to receive public-funded medical treatment as of October 2024.

Rise in cryptocurrency fraud creates opportunities for the insurance industry

A GlobalData poll conducted on Verdict Media sites in Q2 2024 found that 44% of respondents are interested in purchasing insurance for their cryptocurrency wallets.

Aviva’s acquisition of Direct Line will cement its dominance in UK insurance market

By adding Direct Line, a top-five competitor in its own right, Aviva’s lead would widen substantially.

AI, ESG, and cyber will be the key insurance themes in 2025

While we expect AI, ESG, and cyber to be the leading themes in the insurance industry in 2025, there will be plenty of other influential ones.

UK home insurers could do more to help customers mitigate weather-related risks

According to GlobalData, 14.9% of UK home insurance policyholders receive reminders from their providers to arrange regular home inspections.

A lower IPT rate can help boost the adoption of EVs among UK consumers

According to a GlobalData survey, 27.4% of UK consumers report that high insurance premiums deter them from transitioning to a EV.

US consumers prefer to pay insurance with traditional methods, but options can be improved

According to GlobalData, 57.5% of US consumers prefer paying their insurance with traditional methods such as debit or credit cards.