All articles by GlobalData Financial
GlobalData Financial
Rising pressure from customers is driving demand for environmental insurance products
Amid growing ESG concerns, more companies will look at environmental insurance to protect themselves against the risk that their activities will damage the environment.
Insurers must tackle the growing threat of political violence and terrorism
As geopolitical tensions escalate globally, businesses are increasingly exposed to these risks, necessitating a proactive approach to public protection measures.
China is leading in EV insurance uptake
With China’s EV sector continuing to expand, insurers operating in the country are well placed to capitalise on rising policy demand.
Controlling risk is still the biggest concern for insurers with cyber insurance
A GlobalData poll conducted across Verdict Media sites in Q4 2024 and Q1 2025 found that assessing risk accurately was the biggest concern among industry insiders in offering cyber insurance.
Lack of expertise is biggest challenge for insurers in implementing AI
To bridge the customer knowledge gap and build trust, insurers should focus on transparency and clear communication regarding AI-driven decision-making.
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Strong appetite for crypto insurance as digital assets become increasingly popular
Cryptocurrencies are also largely unregulated and highly volatile. Consequently, insurers continue to view crypto insurance as a highly risky product.
Desirability of flood insurance is high in the US as weather events worsen
As climate change worsens the frequency and severity of weather events and natural disasters, insurers are losing appetite to provide cover for certain risks.
UK brokers believe there is a talent crisis in the insurance industry
A survey conducted by Ecclesiastical among 250 UK brokers found that 56% of respondents believe the industry is facing a potential talent crisis.
Motor insurers must evolve to meet shifting expectations of younger generation
According to GlobalData’s 2024 Emerging Trends Insurance Consumer Survey, there is a notable generational shift in preferences regarding motor insurance.
LA wildfires could lead to large parts of the city becoming uninsurable
A GlobalData survey found that many American consumers had already felt the impact of severe weather on their annual household insurance renewals.