All articles by GlobalData Financial
GlobalData Financial
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.
DeadHappy could have pushed boundaries too far as it upsets underwriters
DeadHappy has made a name for itself as one of the most creative yet controversial life insurers.
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Nationwide’s purchase of Virgin Money will strengthen its bancassurance position
Nationwide intends to increase returns, diversify funding sources, and grow its business by acquiring Virgin Money for £2.9bn.
New cohorts of India’s population targeted as health insurance is set to grow
According to GlobalData’s 2023 Financial Services Consumer Survey, 59.4% of Indians do not hold private health insurance, with this proportion being somewhat higher among women.
Mental and physical well-being continues to grow in importance within the workplace
The results of GlobalData’s 2022–2023 UK SME Insurance Surveys show that employers are becoming more aware of the importance of their staff’s physical and mental well-being.
Younger consumers more significantly affected by poor-value GAP insurance policies
According to GlobalData’s 2023 UK Insurance Consumer Survey, just 10.7% of motor insurance policyholders aged 40 and older have a GAP insurance policy.
Insurers can help businesses reduce risks associated with legislated ESG targets
As per GlobalData’s ESG Sentiment Poll conducted in Q4 2023, 35.4% of respondents believe the primary reason a company should set an ESG performance plan is because of legislation and pressure from the government.