All articles by GlobalData Financial
GlobalData Financial
Older generations present a barrier to the integration of AI-powered chatbots
Research conducted by INSTANDA highlights the growing need for a more individualised and seamless customer experience in the insurance sector.
Amazon’s exit from UK insurance PCW market owes to poor breadth of offerings
Despite Amazon Insurance Store offering home and contents policies, the absence of other essential products such as car or travel insurance may have limited its appeal.
Ageas makes proactive move to combat severe weather
GlobalData’s UK Top 25 General Insurance Competitor Analytics found that Ageas was the seventh-largest household insurer in the UK in 2023.
UK SMEs underestimate the cyber risk they currently face
As per our 2021–23 UK SME Insurance Surveys, the cyber risk perceived to be facing a business is affected by the size of the company.
Qover targets UK embedded insurance opportunity with solution for car manufacturers
32.5% of motor insurance consumers stated that they would consider buying insurance from a car manufacturer while 17.7% would consider purchasing a policy from a car leasing company.
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Extreme weather events heighten the need for innovative home insurance solutions
GlobalData’s 2023 UK Insurance Consumer Survey found that 93.7% of homeowners with a mortgage and 91.6% of homeowners who own theirs outright had some form of home insurance.
Pricing aids insurers in attracting taxi fleets during economic challenges
Insights from TaxiPoint readers point to a growing issue for taxi drivers dealing with substantial increases in insurance costs.
Insurers should look to target the cyber insurance gap among SMEs
With 63.9% of medium-sized businesses expressing some level of concern about cybercrime in 2023, GlobalData’s survey emphasises the high level of worry among these businesses.
Insurers must cut claim costs as high motoring costs push consumers away from driving
The rising costs of car ownership and operation are pushing a growing number of consumers to consider abandoning driving altogether
Insurers must offer a wider range of payment options to attract younger consumers
A study suggests younger consumers tend to embrace a wider array of payment methods when managing their insurance transactions.