All articles by GlobalData Financial

South Africa’s National Health Insurance Bill could contract the private health insurance market

In June 2023, the National Assembly of South Africa passed the National Health Insurance Bill, marking a significant step towards achieving universal health coverage for all citizens.

Businesses should accelerate investment into AI, following the lead of Ignite’s chatbot

GlobalData surveying suggests that over 50% of firms plan to increase their investment into AI in the future.

New Howden telematics product will grow business among younger consumers

High-profile cyberattacks will drive interest in insurance

PensionBee and LifeSearch collaboration will grow demand for life insurance among younger consumers

PensionBee’s new partnership with LifeSearch to offer pension customers life insurance will be a good way of growing protection for consumers aged under 40.

Insurers can help employees and employers discuss mental health

People are not comfortable discussing mental health problems at work but insurers need people to open up honestly.

The current economic climate is causing UK SMEs to adjust or cancel their employers’ liability insurance

Insurers should continue to build and strengthen relationships with their brokers

The relationship between brokers and insurers is crucial for the insurance industry. However, brokers often feel this is an area where insurers lag behind.

Aviva’s COVID-19-related private medical claims top £100m

Global cyber insurance market to reach $33.4 billion in 2027, says GlobalData

GlobalData forecasts the global cyber insurance market to grow from $16.7bn in direct written premiums (DWP) in 2022 to $33.4bn in 2027.