All articles by GlobalData Financial
GlobalData Financial
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.
European wildfires to be very costly for insurers
Wildfires are spreading across continental Europe following unprecedented heat this summer and insurers will hit insurers.
Supply chain insurance is the most sought-after product amid geopolitical tensions
Organisations are deeply concerned about business continuity as insurance capacity erodes.
Simply Business can become key player in UK cyber insurance
Simply Business has expanded its cyber cover via a partnership to grow its UK market share.
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Insurers should leverage AI at every stage of the value chain
GlobalData finds 34.4% of industry insiders think underwriting and risk profiling will be the area of the insurance value chain most positively impacted by AI.
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.