All articles by GlobalData Financial
GlobalData Financial
Larger SMEs rank safety features as the most important feature of a UBI policy
According to GlobalData, 26.3% of medium-sized enterprises (SMEs) prioritise enhanced safety measures as the key feature of a UBI policy.
Aspen targets mental health and well-being in the construction sector
Aspen’s initiative emerges as a beacon of support, offering assistance to workers experiencing mental health issues in a field experiencing an increase in tragedies.
Duck Creek partners with Microsoft for generative AI insurance innovation
Duck Creek Technologies empowers insurers with a robust set of tools and suites designed to streamline the product development process.
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Consumers are increasingly relying on credit for insurance purchases
According to GlobalData’s 2022 UK Insurance Consumer Survey, 44.1% of consumers aged 30 and above utilised credit to purchase home insurance.
Sustainability is not rising in importance to SMEs despite increasing weather events
GlobalData’s 2023 UK SME Insurance Survey found that the majority of SMEs say that sustainability in general is important to them.
The jury is still out for almost 50% of UK SMEs on using AI to assess insurance needs
Almost a quarter of SMEs responding to our survey reported that they were not very comfortable or not at all comfortable with having AI assess their insurance needs.
The insurance industry is now pinpointing the key areas for positive impact from AI
Insurance industry insiders are increasingly of the opinion that artificial intelligence (AI) will have the most positive impact in the underwriting and risk assessment segment of the value chain. Over half of respondents to a GlobalData poll run on Verdict Media sites said that this discipline will see the most positive impact from the burgeoning technology.