The global insurance industry experienced a 13% drop in company filings mentions of cyber insurance in Q1 2024 compared with the previous quarter, with the highest share accounted for by Travelers with 150% year-on-year increase, according to GlobalData’s analysis of over 56 insurance company filings. GlobalData’s Insurance: Filings Trends & Signals Q1 2024 report delves into earnings call transcripts and quarterly reports within the insurance industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
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Notably, cyber insurance was one of the most frequently referenced themes in Q1 2024, ranking highest in terms of mentions, ahead of artificial intelligence and online payments, according to GlobalData.
Of the top leading companies in the insurance industry, Travelers had the greatest increase in references for cyber insurance in Q1 2024, compared with the previous quarter. GlobalData identified five cyber insurance-related sentences in the company's filings - 0.2% of all sentences - and an increase of 150% in Q1 2024 compared with Q1 2023. Hartford Financial Services Group’s mentions of cyber insurance rose by 100% to 4 and Cincinnati Financial’s by 25% to 3 and Arch Capital Group’s by 50% to 2.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for cyber insurance in Q1 2024 was 53.
For further understanding of GlobalData's Insurance: Filings Trends & Signals Q1 2024, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
