All articles by GlobalData Financial
GlobalData Financial
Demand for AI error insurance grows
A GlobalData poll conducted on Life Insurance International in Q1/Q2 2024 explored the appetite among business executives for several insurance products.
Brokers demand greater use of technology as they partner with insurtechs
To remain competitive and meet broker expectations, insurers must accelerate their digital transformation efforts.
Trump’s policies bring uncertainty to the US health insurance market
According to GlobalData’s 2024 Financial Services Consumer Survey, 59.6% of US consumers hold private health insurance.
M&S cyberattack highlights risks of hybrid working
M&S’s highly publicised loss of nearly £700m in market value is expected to heighten awareness of cyber threats across the SME sector.
Insurers must resolve long-term problems to successfully sell to younger generations
A poll revealed over 50% of respondents believed a lack of either understanding of insurance or trust in providers were the key challenges in selling insurance to Gen Z and millennials.
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LV= General Insurance falls short in ESG ratings
The Good Shopping Guide’s assessment of ethical insurance ratings indicates that LV= General Insurance has received a low score in this domain.
Embedded insurance to see strongest growth in personal lines insurance distribution
According to a poll by GlobalData, embedded insurance is the channel poised for the strongest growth in the distribution of personal lines insurance.
Trump’s automotive tariffs set to drive up vehicle prices and insurance rates in US
AEG cites that Trump’s 25% tariff on auto parts may cost American consumers more than $30bn in higher vehicle prices and reduced car sales in the first year.
Trump tariffs set to raise home insurance costs as construction materials affected
With US insurance premiums already outpacing those in other surveyed countries, the tariff-induced rise in construction costs is poised to widen this gap.
Monzo enters UK home market aiming to capitalise on consumer preference for digital channels
Monzo has recognised the low penetration rates for contents insurance specifically.