All articles by GlobalData Financial

KwikFit’s motor insurance policy highlights the threat of embedded insurance

GlobalData’s 2023 UK Insurance Consumer Survey found that 30.4% of UK consumers would be happy to purchase motor insurance from a car manufacturer.

Cyber risk tops insurance insider concerns driving product innovation

While cyberattacks are rising, so is demand for cyber insurance products, which is promoting innovation in this space.

Consumer demand for private health insurance is increasing in the UK

According to GlobalData’s 2023 UK Insurance Consumer Survey, NHS waiting times are the most significant factor driving the uptake of private medical insurance.

Flood risk has become an ever-increasing problem for US underwriters

Flooding is estimated to cause between $179.8bn and $496bn per year in economic costs and damages.

Direct Line turns to PCWs for the first time in midst of cost-of-living crisis

Clean energy insurance patents rise as the net-zero transition accelerates

GlobalData’s Patent Analytics database reveals a notable uptick in patents related to clean energy insurance and carbon capture in recent years.

There is demand for insurance policies covering dysfunctional AI output

In Q1 and Q2 2024, GlobalData asked readers of Life Insurance International whether they would potentially be interested in buying insurance across various areas.

Global electric vehicle market set for huge growth

The key for insurers will be to ensure that they are ready for this transition and be regarded as experts in EV insurance before it is too late.

The UK protection industry will be challenged by the rise of child-free households

According to GlobalData’s 2023 UK Insurance Consumer Survey, 10.5% of term assurance policyholders bought their policy either because they had their first child or a new addition to the family.

Sharing data from telematic devices can provide several benefits for SMEs

GlobalData’s 2023 UK SME Insurance Survey found that SMEs rank improved safety measures (22.3%) as the most important feature of usage-based insurance.