All articles by GlobalData Financial
GlobalData Financial
Assessing risk accurately is the main deterrent to offering cyber insurance
Appetite for offering cyber insurance remains mixed as difficulty in assessing risks creates challenges in ensuring profitability.
Industry insiders are not convinced AI is ready for widespread use across insurance
AI is continuing to grow within the insurance industry, but sceptics doubt it is ready for full rollout.
Low switching rates leave UK motor insurance customers at risk of overpaying
GlobalData surveying found that 68.9% of UK drivers do not switch insurer at renewal.
Admiral moves into taxi insurance with broker-led Patons partnership
16.3% of UK taxi drivers considered taking out cover but decided against it.
Aviva tops broker ranking as it upgrades its commercial offering
A GlobalData survey shows 26.3% place most business with Aviva as it modularises CCI and grows Fast Trade.
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Amazon Pay ready to further disrupt India’s motor insurance market
Amazon Pay extends its vehicle insurance services to reach 280 million vehicle owners in India and improves garage network for cashless claims.
Pet tech adoption remains low in the UK
Most owners are not using pet tech, though many say they would consider it in the future.
Political risk insurance will surge following geopolitical tensions
Geopolitical tensions across the Middle East following the US and Israel’s war with Iran will lead to a rapid rise in demand for political risk insurance.
Aviva to use AI virtual agent to streamline phone-led claims journeys
GlobalData’s 2025 UK Insurance Consumer Survey found that claims are most commonly initiated through the provider’s website.
EV repair cost concerns are a key barrier to UK adoption
GlobalData finds 36.9% of UK respondents are being deterred from switching to an EV by concerns over maintenance/repair costs.