The global insurance industry experienced a 68% drop in company filings mentions of ecommerce in Q3 2023 compared with the previous quarter, with the highest share accounted for by Bajaj Finserv with 63% year-on-year decrease, according to GlobalData’s analysis of over 32 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, ecommerce was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of social media and cybersecurity, according to GlobalData.
Of the top leading companies in the insurance industry, Bajaj Finserv had the greatest increase in references for ecommerce in Q3 2023, compared with the previous quarter. GlobalData identified seven ecommerce-related sentences in the company's filings - 0.1% of all sentences - and a decrease of 63% in Q3 2023 compared with Q3 2022. Willis Towers Watson’s mentions of ecommerce dropped by 43% to 4 and Aflac’s by 200% to 3 and Globe Life’s by 79% to 3 and Cathay Financial’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 Q3 2023 was 88.
For further understanding of GlobalData's Insurance: Filings Trends & Signals Q3 2023, buy the report here.