All articles by GlobalData Financial

Personal cyber insurance is the most desirable emerging product

As remote and hybrid working have become more common around the globe, the frequency and severity of cyberattacks have increased.

Cyber risk the standout global challenge for the insurance industry

With companies around the world holding more and more personal data, most businesses are vulnerable to attacks.

Telematic policies can not only boost driver safety but reduce premiums for UK SMEs

According to GlobalData’s 2023 UK SME Insurance Survey, 32.6% of SMEs have a usage-based policy for their vehicles.

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.

MoneySuperMarket’s new partnership will improve its competitive position among PCWs

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.

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.