All articles by GlobalData Financial
GlobalData Financial
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.
Pet wearables present an opportunity for pet insurers to reach more customers
Pet owners predominantly use smart devices to monitor play and interactions, with 51.7% utilising them for this purpose.
Record MoneySuperMarket revenues expose brutal landscape for personal lines insurers
Price comparison websites (PCWs) are uniquely positioned to take advantage of spiralling insurance premiums in the post-pandemic world.
Insurers should educate landlords about investment property insurance
As per GlobalData’s 2023 UK Insurance Consumer Survey, 29.9% of landlords rely on standard home insurance policies for their investment properties.
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Insurers can market telematics as green, as well as cheap
The Green Insurer’s study found that 35% of respondents were likely to consider telematics policies in the future.
Well-being apps are showing value to health and life insurers and their customers
Scottish Widows’ breakdown of customers who used their well-being app, Clinic in a Pocket, shows that 58% of users were aged between 26 and 45.
Older generations present a barrier to the integration of AI-powered chatbots
Research conducted by INSTANDA highlights the growing need for a more individualised and seamless customer experience in the insurance sector.
Amazon’s exit from UK insurance PCW market owes to poor breadth of offerings
Despite Amazon Insurance Store offering home and contents policies, the absence of other essential products such as car or travel insurance may have limited its appeal.
Ageas makes proactive move to combat severe weather
GlobalData’s UK Top 25 General Insurance Competitor Analytics found that Ageas was the seventh-largest household insurer in the UK in 2023.