Insurtech: Regulatory Trends
Insurers collect and hold vast amounts of customer data that is used for underwriting, claims processing and incentivising risk reduction. Regulations that govern how this data is used or how…
Analysis
Insurtech: Macroeconomic Trends
Emerging insurtech challengers have disrupted and improved majority of the insurance products in the industry.…
Insurtech: Technology Trends
Insurance start-ups are adopting a range of insurtech technologies such as blockchain and artificial intelligence (AI) to differentiate themselves from…
Pension conundrum as women must raise larger pots than men for same retirement income despite the gender pay gap
Longer life expectancies mean that women need larger pension pots than men for the same retirement income. GlobalData analysis shows…
Big Data in Insurance: Regulatory Trends
The amount of data being collected is increasing as the world becomes more connected with a surge in Internet of…
Big Data in Insurance: Macroeconomic Trends
A key benefit of using big data for insurers is that it can provide actionable insights from the information being…
16 Aug 2021
Blockchain use is about more than NFTs and dogecoin. It’s about you
Blockchain use can save lives, build smart cities and boost data privacy. But before it can do any of that, it has to step out the shadow of dodgy cryptocurrencies…
Big Data in Insurance: Technology Trends
Big data can play a key role in insurance by enabling insurers to analyse the data to avoid large-scale claims. The technology is becoming increasingly relevant in underwriting, pricing risk,…
Zego takes long-term view with cover for electric vehicle ride-hailing scheme
Zego is looking towards providing cover for electric vehicles within the UK’s ride-hailing market, and GlobalData analysis shows that while it has a small market to target for now, the…
More than one in 10 UK SMEs have cancelled their cyber insurance cover as the COVID-19 fallout forced many to cut costs
A significant proportion of businesses and SMEs have had to cancel their cyber insurance policies to manage the COVID-19 fallout, exposing themselves to cyber threats. COVID-19 has brought cybersecurity into…
Household insurtech prioritises affordability and flexibility to reach younger generation
Insurtech Urban Jungle is launching household insurtech targeted at younger homeowners. GlobalData statistics show this is a market ripe for disruption. GlobalData’s 2020 UK Insurance Consumer Survey found that 45.8%…
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