All articles by GlobalData Financial
GlobalData Financial
Aviva set to extend its lead in household insurance after Barclays deal
Aviva is already the leading household insurer in the UK as per GlobalData findings.
The cost-of-living crisis is impacting young consumers’ ability to purchase life insurance
The impact of the cost-of-living crisis on the life insurance market may result in fewer policies purchased because a substantial share of young adults cannot afford them.
Industry professionals believe AI tools will cause an increase in cyberattacks
GlobalData surveying indicates that over half of industry insiders believe artificial intelligence (AI) applications, such as ChatGPT, will cause an increase in cyberattacks.
Repair costs are the key challenge for insurers in the transition to electric vehicles
The cost of repairs is the primary challenge for insurers to overcome in the transition to battery electric vehicles (BEVs), according to a poll of insurance industry insiders run on Verdict media sites in 2023.
Leveraging telematics can deliver cost-saving and improved driver safety for SMEs
SMEs are always looking for ways to save costs without sacrificing crucial cover in the SME insurance market.
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Insurers need to keep targets to combat climate change
Industry experts believe insurers sticking to targets around both underwriting carbon-emitting projects and investing in polluting companies, industries, and funds is the most important thing they can do to fight climate change.
Almost 20% of young pet insurance consumers purchase policies following social media influence
GlobalData’s 2022 UK Insurance Consumer Survey finds that 5–10% of consumers in each of the four key personal lines of insurance researched on social media before purchasing their insurance policy.
The cost-of-living crisis has severely and unequally hampered the finances of low-income UK consumers
According to GlobalData’s 2023 UK Life and Pensions Survey, UK consumers in the lowest income bracket are almost three times more likely to have been negatively impacted by the cost-of-living crisis than those in the highest bracket.
Aviva’s strengths give it a competitive advantage, according to Socotra’s survey
GlobalData surveying finds that brokers consider Aviva to be best-in-class across a range of key areas that matter to brokers.
UK consumers are more likely to increase pension contributions despite the cost-of-living crisis
Consumers in the UK were more likely to increase their pension contributions than reduce them in the 12 months to May 2023.