Insurtechs are set to challenge the distribution of insurance products through price comparison websites
The rise of price comparison websites (PCWs) has changed the dynamics of how insurance products are sold. However, insurtechs have…
Employers’ liability insurers see COVID-19-related cancellations and switching – but worst may be ahead
The COVID-19 pandemic is having a significant impact on all insurance products. Employers’ liability is another line seeing cancellations and switching, according to GlobalData. The worst may be yet to…
27 Nov 2020
Saving for retirement remains the leading financial concern for UK consumers
Findings from GlobalData’s 2020 UK Insurance Consumer Survey indicate that the leading financial concern among consumers is saving for a comfortable retirement, with 16% of respondents identifying this as their…
26 Nov 2020
22 Nov 2020
Widening commercial applications of drones will increase demand for drone insurance products
In November 2020, insurtech Flock – which has pioneered drone insurance in the UK since 2018 – launched a partnership with Sky Future, a drone-based industrial inspection services company. With…
22 Nov 2020
22 Nov 2020
1 in 5 UK consumers would be interested in purchasing a cyber insurance policy
The need for cyber insurance policies has long been identified in the UK commercial space, where reliance on technology for day-to-day business activities has grown at an exponential rate. But…
22 Nov 2020
18 Nov 2020
Mounting health insurance premiums in India risk pricing out customers
The price of health insurance in India is escalating as providers face increased payouts brought about by COVID-19, while regulatory changes have forced them to reduce the number of exclusions…
18 Nov 2020
13 Nov 2020
Insurers should focus less on price and more on cover, as travellers want policies offering COVID-19 protection
Travel restrictions remain volatile due to the spread of coronavirus. Insurers that are taking on greater levels of risk by providing a range of flexible, cancellation, and medical cover aimed…
13 Nov 2020