The global insurance industry experienced a 69% drop in company filings mentions of insurtech in Q2 2024 compared with the previous quarter, with the highest share accounted for by Assicurazioni Generali with 217% year-on-year increase, according to GlobalData’s analysis of over 45 insurance company filings. GlobalData’s Insurance: Filings Trends & Signals Q2 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.
Notably, insurtech was one of the most frequently referenced themes in Q2 2024, ranking highest in terms of mentions, ahead of digital lending and digitalization, according to GlobalData.
Of the top leading companies in the insurance industry, Assicurazioni Generali had the greatest increase in references for insurtech in Q2 2024, compared with the previous quarter. GlobalData identified 19 insurtech-related sentences in the company's filings - 0.2% of all sentences - and an increase of 217% in Q2 2024 compared with Q2 2023. ICICI Prudential Life Insurance’s mentions of insurtech dropped by 74% to 9 and Everest Group’s by 100% 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 insurtech in Q2 2024 was 105.
For further understanding of GlobalData's Insurance: Filings Trends & Signals Q2 2024, buy the report here.
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