All articles by GlobalData Financial
GlobalData Financial
Younger drivers show stronger engagement with telematics and usage-based insurance
GlobalData’s 2024 UK Insurance Consumer Survey shows that 14.4% of consumers aged 18 to 24 have a PAYG or UBI car insurance policy.
AI is having tangible outcomes across the insurance value chain
According to a poll conducted by GlobalData in Q3 2025, 45.8% of respondents believe underwriting and risk profiling is the area of the insurance value chain that will be most positively impacted by AI.
Over half of US consumers willing to share wearable data for tailored life insurance policy
Using more-robust data and additional indicators, including resting heart rate and sleep quality can lead to get a more-accurate picture of an individual’s health and lifestyle.
IAG enters UK travel insurance market amid growing embedded insurance partnerships
IAG’s entry into the travel insurance sector will build on its existing customer base and distribution channels to offer tailored personal lines products.
Brokers risk falling behind as AI disruption accelerates
GlobalData’s 2025 UK SME Insurance Survey has found that 64.5% of SMEs are somewhat comfortable with AI assessing their insurance needs.
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UK insurers face challenges in EV adoption
Insurers are increasingly pressured to modify their products to cater to the specific needs of EV drivers, which differ significantly from those of traditional vehicle owners.
Cyber insurance has the strongest growth potential despite the protection gap
According to GlobalData’s 2025 UK Commercial Insurance Broker Survey, over half of brokers (53.6%) believe cyber insurance has the potential to record the strongest growth among new or emerging commercial insurance products.
Allianz Life US data breach will be damaging to life and health insurance sector
The breach was one of the largest reported cyberattack in insurance, as Allianz Life has around 1.4 million customers in the US.
Insiders see green insurance as vital
According to a GlobalData poll conducted in Q3 2025, 41.9% of business executives cited that it was very important to offer green insurance products or services.
Insurers should implement AI across the entire value chain
To stay competitive, insurers should invest in developing AI capabilities across the entire value chain.