Industry

Q1 2024 update: insurtech related M&A activity in the life insurance industry

Analysis of the key themes driving M&A activity reveals that insurtech accounted for 3 life insurance deals announced in Q1…

MoneySuperMarket’s new partnership will improve its competitive position among PCWs

GlobalData findings suggest the new partnership between MoneySuperMarket and Auto Trader will enhance the former’s competitive position within the UK…

Marsh expands Cyber ECHO insurance capacity to $125m

Marsh, an insurance broker and risk advisor, has expanded its existing $100m Cyber ECHO facility by an additional layer of…

How did the insurance industry treat cyber insurance in Q1 2024 filings?

The global insurance industry experienced a 13% drop in company filings mentions of cyber insurance in Q1 2024 compared with…

More insurers need to offer comprehensive cover in the move to electric vehicles

The cost of repairs and underwriting risks are the biggest challenges insurers are facing in the transition to electric vehicles…

OGI acquires UK insurtech HUG HUB’s Digital Platform  

Insurance software provider Open GI (OGI) has acquired the Digital Platform from UK-based insurtech company HUG HUB.   HUG HUB’s Digital…

Younger consumers more significantly affected by poor-value GAP insurance policies

GlobalData’s 2023 UK Insurance Consumer Survey indicates that more than one-third of under-40s with a car insurance policy also have…

Insurers can market telematics as green, as well as cheap

Telematics can make motor insurance policies cheaper and safer. However, insurers offering telematics should also start to focus on its…

Pricing aids insurers in attracting taxi fleets during economic challenges

Insights from TaxiPoint readers show that the UK taxi industry is facing significant challenges amid soaring premiums. Meanwhile, GlobalData surveying…

Insurers must cut claim costs as high motoring costs push consumers away from driving

GlobalData’s 2023 UK Insurance Consumer Survey found that a third of UK motor insurance customers saw their premiums rise by…

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