All articles by GlobalData Financial
GlobalData Financial
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.
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.
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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.
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.