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Millennials have different priorities and lifestyles compared to previous generations, which means their insurance needs do not fit the standard packaged products currently on the market,
The pet insurance industry must clarify the differences between health plans and separate insurance products in order to prevent confusion over the level of cover customers believe they are entitled to, according to GlobalData Financial Services.
UK brokers are more concerned about losing competitive advantage than the implications of Brexit and economic uncertainty. Meanwhile, insurers have yet to see a ‘Brexit effect’ as consumers maintain confidence, according to GlobalData Financial Services.
New insurance brand Brolly has provided a test case for turning a legal issue and major challenge for a fledgling business into a great marketing campaign and opportunity to engage with customers, according to GlobalData Financial Services.
Robert Gothan, CEO and founder of Accountagility – a solutions provider for the finance function - argues that the sheer complexity and uncertainty of the Brexit process means that planning for a range of future scenarios has never been more important, particularly in the case of insurance firms writing business across the EU.
Big Data increasingly matters for life and health insurers because it enables companies to access more information about customers, and in turn, offers the potential for cheaper premiums and rewards.
The UK cyber insurance market is growing over time with product penetration increasing as businesses are becoming more aware of the need for cyber insurance, according to GlobalData Financial Services.
Comment wire: US-based insurance giant Travelers has announced the purchase of commercial broker Simply Business, with the move spurred by its attractive business model and potential to expand its geographical reach.
AXA is providing legal advice directly through a virtual assistant app, which will improve the accessibility of legal advice for SMEs that need it most, according to GlobalData Financial Services.
As insurers’ 2016 results have started coming in, it is possible to start piecing together an overall picture of how 2016 looked and what we may expect from 2017, according to GlobalData Financial Services.