The global insurance industry experienced a 71% drop in company filings mentions of health & wellness in Q3 2023 compared with the previous quarter, with the highest share accounted for by Cathay Financial with 45% year-on-year increase, according to GlobalData’s analysis of over 56 insurance company filings. GlobalData’s Insurance: Filings Trends & Signals Q3 2023 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.
Notably, health & wellness was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of environment and artificial intelligence, according to GlobalData.
Of the top leading companies in the insurance industry, Cathay Financial had the greatest increase in references for health & wellness in Q3 2023, compared with the previous quarter. GlobalData identified 48 health & wellness-related sentences in the company's filings - 1% of all sentences - and an increase of 45% in Q3 2023 compared with Q3 2022. Fubon Financial’s mentions of health & wellness dropped by 20% to 32 and Aon’s by 50% to 21 and SBI Life Insurance’s by 25% to 20 and Arthur J. Gallagher & Co’s by 133% to 7.
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 health & wellness in Q3 2023 was 104.
For further understanding of GlobalData's Insurance: Filings Trends & Signals Q3 2023, buy the report here.