All articles by GlobalData Financial

MoneySuperMarket’s new partnership will improve its competitive position among PCWs

UK startup well positioned to target the rise of Generation Rent

GlobalData’s 2023 UK Insurance Consumer Survey found that 25.4% of adults in the UK live in a rental property.

UK SMEs increasingly offer well-being apps to engage their workforce

According to GlobalData’s 2022–2023 UK SME Insurance Surveys, 36.9% of SMEs offered well-being apps or platforms to their employees in 2023, a rise from 34.1% in 2022.

Consumer confidence poses a hurdle for the integration of AI in underwriting

By demonstrating the benefits and reliability of AI-driven underwriting tools, insurers can bridge the gap in consumer confidence and drive the adoption of these innovative solutions.

More insurers need to offer comprehensive cover in the move to electric vehicles

Supply chain issues when sourcing replacement components for EVs contribute to high premiums as they naturally push up the cost of repairs.

Severe weather will deepen problems for insurers and homeowners

GlobalData’s 2023 UK Insurance Consumer Survey found that 12.2% of claims were made because of weather incidents in 2023.

Lemonade’s new home insurance offering will improve uptake in France

Lemonade’s digital homeowners’ insurance proposition aims to provide a fully digital insurance experience to customers, starting at €10 ($10.85) a month.

Renters may falsely believe that their contents are covered by their landlord

It is crucial for renters to understand the limitations of their landlord’s insurance and the importance of having their own contents insurance in place.

Insurers wary about Gen AI’s impact on the evolution of cyber threats

Munich Re has underscored the escalating risks associated with rapid technological advancements, with ransomware playing a significant role in recent cyber incidents.

Privately owned e-scooters provide insurers opportunities amid low policy uptake

According to GlobalData’s 2023 Financial Services Consumer Survey, e-scooter insurance penetration rates vary significantly by country.