All articles by GlobalData Financial
GlobalData Financial
Generative AI sparks insurance investment in 2023
GlobalData’s Deals Database found that the number of completed M&A deals in insurance tagged to the artificial intelligence theme increased by 153.5% year-on-year in 2023.
DeadHappy could have pushed boundaries too far as it upsets underwriters
DeadHappy has made a name for itself as one of the most creative yet controversial life insurers.
Nationwide’s purchase of Virgin Money will strengthen its bancassurance position
Nationwide intends to increase returns, diversify funding sources, and grow its business by acquiring Virgin Money for £2.9bn.
New cohorts of India’s population targeted as health insurance is set to grow
According to GlobalData’s 2023 Financial Services Consumer Survey, 59.4% of Indians do not hold private health insurance, with this proportion being somewhat higher among women.
Mental and physical well-being continues to grow in importance within the workplace
The results of GlobalData’s 2022–2023 UK SME Insurance Surveys show that employers are becoming more aware of the importance of their staff’s physical and mental well-being.
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Younger consumers more significantly affected by poor-value GAP insurance policies
According to GlobalData’s 2023 UK Insurance Consumer Survey, just 10.7% of motor insurance policyholders aged 40 and older have a GAP insurance policy.
Insurers can help businesses reduce risks associated with legislated ESG targets
As per GlobalData’s ESG Sentiment Poll conducted in Q4 2023, 35.4% of respondents believe the primary reason a company should set an ESG performance plan is because of legislation and pressure from the government.
Pet wearables present an opportunity for pet insurers to reach more customers
Pet owners predominantly use smart devices to monitor play and interactions, with 51.7% utilising them for this purpose.
Record MoneySuperMarket revenues expose brutal landscape for personal lines insurers
Price comparison websites (PCWs) are uniquely positioned to take advantage of spiralling insurance premiums in the post-pandemic world.
Insurers should educate landlords about investment property insurance
As per GlobalData’s 2023 UK Insurance Consumer Survey, 29.9% of landlords rely on standard home insurance policies for their investment properties.