All articles by GlobalData Financial
GlobalData Financial
More insurers need to offer comprehensive cover in the move to electric vehicles
Supply chain issues when sourcing replacement components for EVs contribute to high premiums as they naturally push up the cost of repairs.
Severe weather will deepen problems for insurers and homeowners
GlobalData’s 2023 UK Insurance Consumer Survey found that 12.2% of claims were made because of weather incidents in 2023.
Lemonade’s new home insurance offering will improve uptake in France
Lemonade’s digital homeowners’ insurance proposition aims to provide a fully digital insurance experience to customers, starting at €10 ($10.85) a month.
Renters may falsely believe that their contents are covered by their landlord
It is crucial for renters to understand the limitations of their landlord’s insurance and the importance of having their own contents insurance in place.
Insurers wary about Gen AI’s impact on the evolution of cyber threats
Munich Re has underscored the escalating risks associated with rapid technological advancements, with ransomware playing a significant role in recent cyber incidents.
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Privately owned e-scooters provide insurers opportunities amid low policy uptake
According to GlobalData’s 2023 Financial Services Consumer Survey, e-scooter insurance penetration rates vary significantly by country.
Aviva’s telematics-lite policy could convince unsure consumers
GlobalData’s 2023 UK Insurance Consumer Survey found that a total of 9.2% of motor insurance customers have some form of telematics.
Brokers still struggle to pick out ESG insurance leaders
Despite two global insurers, Allianz and Aviva, having something of a presence in this field, it is clear that any insurer still can establish itself as a leader within ESG.
Consumer reluctance towards purchasing flight delay coverage has increased
As per GlobalData’s 2023 UK Insurance Consumer Survey, 38.8% of consumers would not be willing to pay more for a travel insurance policy that pays out in the event of a flight delay/cancellation.
Generative AI sparks insurance investment in 2023
GlobalData’s Deals Database found that the number of completed M&A deals in insurance tagged to the artificial intelligence theme increased by 153.5% year-on-year in 2023.