All articles by GlobalData Financial

Motor insurance premiums drop despite industry expectations

This decline in motor insurance premiums can be attributed to several factors, including a reduction in inflation and heightened competition within the industry.

Rebuilding trust and simplifying insurance will win over the next generation

UK brokers expect strong growth in cyber insurance as business risks escalate

While awareness is clearly increasing, this has not yet translated into widespread adoption of cyber insurance.

Consumer appetite to drive leak detector growth coupled with home insurance policies

GlobalData survey data shows that US consumers across all household income bands can see value in water leak detectors and many are looking to install one within two years.

Demand for AI error insurance grows

A GlobalData poll conducted on Life Insurance International in Q1/Q2 2024 explored the appetite among business executives for several insurance products.

Brokers demand greater use of technology as they partner with insurtechs

To remain competitive and meet broker expectations, insurers must accelerate their digital transformation efforts.

Trump’s policies bring uncertainty to the US health insurance market

According to GlobalData’s 2024 Financial Services Consumer Survey, 59.6% of US consumers hold private health insurance.

M&S cyberattack highlights risks of hybrid working

M&S’s highly publicised loss of nearly £700m in market value is expected to heighten awareness of cyber threats across the SME sector.

Insurers must resolve long-term problems to successfully sell to younger generations

A poll revealed over 50% of respondents believed a lack of either understanding of insurance or trust in providers were the key challenges in selling insurance to Gen Z and millennials.

LV= General Insurance falls short in ESG ratings

The Good Shopping Guide’s assessment of ethical insurance ratings indicates that LV= General Insurance has received a low score in this domain.