All articles by GlobalData Financial
GlobalData Financial
Crypto crashes will increase insurance interest
According to a 2024 GlobalData poll, 44% of respondents said they would be interested in an insurance product for cryptocurrency wallets.
More UK consumers perceive that brokers provide better life insurance deals
Life insurance policies tend to be more complex in nature than other more commoditised non-life policies, driving demand for advised sales.
Businesses must strengthen their defences against AI-driven cyber threats
As AI adoption grows, the need for robust cybersecurity measures and comprehensive insurance coverage becomes even more critical.
Online aggregators are the least popular way to buy annual travel insurance in Canada
The proportion of Canadian consumers using online aggregators for travel insurance is decreasing, falling by 4.4 percentage points compared to 2022.
Pet insurance prices are pushing owners to shop around and switch provider
As the cost-of-living crisis continues to squeeze household incomes and insurance becomes less affordable, pet policyholders will look to cut costs, resulting in increased switching activity.
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Lemonade’s affordable UK home insurance product will boost brand awareness and sales
Lemonade’s success can partly be attributed to the company’s striving to keep insurance simple and affordable.
CrowdStrike incident underlines the importance of cyber insurance
GlobalData’s Thematic Intelligence: Cyber Insurance 2023 report found that the global cyber industry was worth $16.7bn in premiums in 2022 and is forecasted to grow to $33.4bn in 2027.
KwikFit’s motor insurance policy highlights the threat of embedded insurance
GlobalData’s 2023 UK Insurance Consumer Survey found that 30.4% of UK consumers would be happy to purchase motor insurance from a car manufacturer.
Cyber risk tops insurance insider concerns driving product innovation
While cyberattacks are rising, so is demand for cyber insurance products, which is promoting innovation in this space.
Consumer demand for private health insurance is increasing in the UK
According to GlobalData’s 2023 UK Insurance Consumer Survey, NHS waiting times are the most significant factor driving the uptake of private medical insurance.