All articles by GlobalData Financial
GlobalData Financial
UK motor insurance premiums continue to rise at renewal despite strong competition
GlobalData finds 73.3% of UK respondents experienced an increase in their motor insurance premium at renewal.
AI automation hits insurance jobs as Allianz plans cuts
Nearly half of respondents expect AI automation to replace a quarter of staff as Allianz Partners plans to cut up to 1,800 roles.
Insurance affordability threatens to slow UK electric vehicle uptake
GlobalData finds that UK respondents are being deterred from switching to an EV by concerns over higher insurance premiums.
Small businesses are most at risk yet least insured against cyberattacks
A larger proportion of SMEs state having fallen victim of a cyberattack than having cover in place.
Over a third of UK motor and home insurance customers pay monthly
GlobalData surveying found that 36.4% of motor insurance consumers and 38.5% of household insurance consumers pay for their policies on a monthly basis.
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Aviva expands ChatGPT distribution channel
GlobalData surveying found that UK consumer comfort with chatbot insurance quotes rose to 41.9% in 2025.
AI capabilities ramp up the threat of insurance fraud
AI allows fraudsters to create documents, images, and voices almost instantaneously and poses a significant threat to the insurance industry.
Admiral targets commercial fleet growth with £80m acquisition of Flock
Over half of UK SMEs lack a UBI motor policy as Admiral expands its telematics fleet capabilities through Flock.
TikTok’s commercial insurance debut signals embedded distribution boom
TikTok officially transitions to powerful distribution channel for commercial insurance for e-commerce businesses through its ERGO NEXT Insurance partnership.
VisitorsCoverage launch highlights growing consumer openness to AI-led insurance journeys
A GlobalData survey finds 42% of UK consumers are comfortable receiving insurance quotes from chatbots.