Switching for cheaper motor insurance becomes harder as providers increase premiums
The vast majority of UK consumers who are switching motor insurance policies do so for a cheaper price, but that…
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Many travel insurance customers do not know how their policies cover them against COVID-19
According to GlobalData’s 2021 UK Insurance Consumer Survey, over a quarter of travel insurance policyholders do not know what their…
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COVID-19 triggers more consumers to purchase income protection insurance
More people are buying income protection policies as a result of COVID-19 as individuals have become increasingly wary about unprecedented…
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Twitter round-up: Florian Graillot’s tweet on the growth of insurtech start-ups in Europe the most popular tweet in Q3 2021
Life Insurance International lists five of the most popular tweets on insurtech in Q3 2021 based on data from GlobalData’s…
Poor availability affects uptake of personal cyber insurance despite good demand
According to GlobalData’s 2021 UK Insurance Consumer Survey, only 3.7% of UK consumers have a personal cyber insurance policy in…
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SMEs are interested in pandemic insurance but high risks may force premiums up
UK SMEs are willing to purchase pandemic insurance, but only medium-sized companies are willing to pay a significant amount for…
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Australia’s new cyclone reinsurance pool will benefit both consumers and insurers
The announcement of a government-backed cyclone reinsurance scheme in Australia will help insurers to keep on top of a growing…
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Cyber insurers cut their ties to ransomware crime payments as cover losses escalate
Insurers are losing appetite for cyber insurance as ransomware cover losses and payments have become problematic, which is leaving business…
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