The global insurance industry experienced a 45% drop in company filings mentions of ecommerce in Q2 2023 compared with the previous quarter, with the highest share accounted for by People’s Insurance Company (Group) of China with 67% year-on-year increase, according to GlobalData’s analysis of over 42 insurance company filings. GlobalData’s Business to Consumer (B2C) eCommerce Market Size, Share, Trends, and Segment Forecast to 2026 report offers a thorough analysis of the global B2C eCommerce market, segmentation and forecast by payment methods and region, and the current competitive landscape. Buy the report here.
Notably, ecommerce was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of cybersecurity and batteries, according to GlobalData.
Of the top leading companies in the insurance industry, People's Insurance Company (Group) of China had the greatest increase in references for ecommerce in Q2 2023, compared with the previous quarter. GlobalData identified five ecommerce-related sentences in the company's filings - 0.1% of all sentences - and an increase of 67% in Q2 2023 compared with Q2 2022. Bajaj Finserv’s mentions of ecommerce dropped by 25% to 3 and Globe Life’s by 75% to 3 and HDFC Life Insurance’s by 80% to 1 and ICICI Prudential Life Insurance’s by 75% to 1.
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 ecommerce in Q2 2023 was 107.
For further understanding of GlobalData's Business to Consumer (B2C) eCommerce Market Size, Share, Trends, and Segment Forecast to 2026 buy the report here.