All articles by GlobalData Financial
GlobalData Financial
OpenAI approves first insurer app on ChatGPT for in-chat home insurance quotes
GlobalData’s 2025 UK Insurance Consumer Survey finds 42% are comfortable with AI chatbot quotes, as insurers start selling and pricing directly inside ChatGPT.
Car dealers and manufacturers emerge as alternative channels for UK motor cover
8.2% of respondents purchased car insurance from a car manufacturer.
Withdrawal of telehealth services by insurers will lead to increased churn
Virgin Money withdraws remote GP services from its package travel insurance policy, leaving policyholders to reassess their options.
Cyber insurance remains underpenetrated among UK SMEs
Over 35% of medium-sized UK firms lack cyber insurance.
Zurich targets Beazley to lead global speciality market
Zurich is looking to strike a deal to acquire Beazley and cement its place as one of the leading commercial insurers globally.
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Trump healthcare plan targets affordability to boost private insurance uptake
Proposed subsidy reforms and cost controls aim to lower premiums and expand private health cover among lower-income groups.
Underinsurance persists among UK delivery workers
Over 40% of delivery service workers are uninsured, GlobalData surveying has found.
UK insurers must tackle privacy concerns to unlock growth in telematics
Uptake of telematics in the UK remains low as over a quarter of consumers cite data privacy concerns; limiting UBI growth potential.
Protection against AI risks is a leading reason for SMEs to purchase cyber insurance
SMEs are more likely to buy cyber insurance because of professional advice or perceived risks such as AI, rather than because the company was a victim of a cyberattack.
SMEs value customisable cover when choosing an insurer
Over 30% of SMEs rank “the ability to tailor a policy around specific needs” in the top five most important factors when choosing an insurance provider, GlobalData surveying has found.