All articles by GlobalData Financial

Many UK consumers are already open to interacting with insurance chatbots

GlobalData’s 2023 UK Insurance Consumer Survey found that 35.5% of consumers would already be comfortable receiving a quote from an insurer via a chatbot.

The Green Insurer targets drivers who value sustainability

The proposal from The Green Insurer is an attempt to help both the environment and consumers.

Pet and travel policies are frequently cancelled amid the cost-of-living crisis

Although disinflation in the UK economy suggests there is some light at the end of the tunnel, many UK consumers have resorted to insurance policy cancellations to reduce their costs.

Cost-of-living prompts over 85% of SMEs to consider cancelling insurance policies

Larger SMEs rank safety features as the most important feature of a UBI policy

According to GlobalData, 26.3% of medium-sized enterprises (SMEs) prioritise enhanced safety measures as the key feature of a UBI policy.

Aspen targets mental health and well-being in the construction sector

Aspen’s initiative emerges as a beacon of support, offering assistance to workers experiencing mental health issues in a field experiencing an increase in tragedies.

Latest insurance data scandal threatens consumer trust

Duck Creek partners with Microsoft for generative AI insurance innovation

Duck Creek Technologies empowers insurers with a robust set of tools and suites designed to streamline the product development process.

Political risks are growing across the world as conflict and internal unrest simmer

Consumers are increasingly relying on credit for insurance purchases

According to GlobalData’s 2022 UK Insurance Consumer Survey, 44.1% of consumers aged 30 and above utilised credit to purchase home insurance.