All articles by GlobalData Financial
GlobalData Financial
Threat and opportunity for insurers as AI will drive disputes
AI tools giving wrong financial advice is one of the biggest questions emerging within the AI in insurance trend.
AXA partnership highlights increasing AI adoption across the value chain
A GlobalData poll shows underwriting leads expected AI gains as AXA Hong Kong expands AI use across insurance operations.
Lack of expertise risks slowing insurers’ efforts to scale AI
GlobalData finds 24.4% of insurance professionals view a lack of internal expertise as the biggest challenge to implementing AI.
Cyber insurance uptake lags rising risks for UK property SMEs
Cyberattacks on UK property firms rose 17% in 2025, while GlobalData data shows cyber cover remains below the SME market.
AI adds to competitive pressures facing UK commercial brokers
GlobalData finds 9.2% of UK commercial brokers view AI as the biggest threat to their business.
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Consumer trust reinforces need for robust AI governance in insurance
GlobalData finds almost half of UK consumers remain unconvinced by the use of AI in determining insurance premiums.
Bank-offered SME insurance sees low take up as HSBC UK teams with Gallagher
GlobalData shows low bank conversion for SME insurance as HSBC UK refers commercial clients to Gallagher for advice and cover.
Embedded insurance gains pace as IKEA enters UK home insurance market
Urban Jungle gains access to IKEA’s huge pool of UK customers in home insurance partnership while the FCA fast-tracks its support to the insurtech.
Many Group uses AI to create a faster pet insurance journey
GlobalData research highlights the importance of quicker purchasing journeys for direct pet insurance customers, as AI and automation streamline processes and reduce friction.
UK motor insurance switching falls to lowest level since 2018
GlobalData finds motor insurance switching fell to its lowest level since 2018, despite continued competition in the market.