All articles by GlobalData Financial

UK brokers are increasingly focusing on developing cyber insurance products

According to GlobalData, 25% of UK commercial brokers are interested in developing cyber insurance products for their existing clients in 2024, up from 18.2% in 2023.

UK insurers must highlight ESG commitments to attract brokers

It is imperative for brokers to not only concentrate on ESG factors but also to be well-informed about the insurers that are leading the way in these areas.

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.