Pryat Matharu

Construction

French construction output will contract by 11.6% in 2020, says GlobalData

Following the release of data from the French National Institute of Statistics and Economic Studies (INSEE) showing a steep fall in construction output in the second quarter of 2020; Moustafa Ali, Economist at GlobalData, a leading data and analytics company, offers his view: “The steep fall in French construction output, having contracted by 24.1% in […]

Construction

Spain’s construction output will contract by 10.4% in 2020, says GlobalData

Following the release of data from the Spanish statistical office showing a steep fall in construction output in the second quarter of 2020; Moustafa Ali, Economist at GlobalData, a leading data and analytics company, offers his view: “Spanish construction output contracted by 24% in the second quarter on a quarterly basis. The sharp fall in […]

Insurance

COVID-19 will drive demand for bike insurance in cities and offer opportunity for insurers, says GlobalData

Bicycle insurance is not a popular product in the UK. Less than 1% of UK consumers have a bike insurance policy, according to GlobalData’s 2019 UK Insurance Consumer Survey. However, bicycle sales surged during the pandemic, which has now presented an opportunity for insurers who are yet to capitalize on this expanding market. GlobalData insurance […]

Medical Devices

PanSeer blood test likely to propel within cancer diagnostic market, says GlobalData

The development of PanSeer will undoubtedly boost the cancer diagnostic market, as the blood test will not only attract patients already exhibiting symptoms of various cancers but also those who suspect to develop cancer in the near future. As cancer is the second leading cause of death globally according to the World Health Organization (WHO), the […]

Insurance

Range of German insurers will struggle under tougher lockdown measures for Europe’s largest economy, says GlobalData

Germany’s export dependent economy has been hit hard by lockdown, which will see insurance GWP growth diminish as claims are set to rise, according to GlobalData, a leading data and analytics company. GlobalData forecasts the overall German insurance industry GWP to increase in 2020, despite the disruption, but at a much lower rate than in […]

Insurance

UK motor insurers set to benefit from higher premiums and increased interest despite decline in claims, says GlobalData

Motor insurance customers in the UK are not expected to see a drop in premiums, even as claims have fallen, according to GlobalData, a leading data and analytics company. It appears to be one area of insurance that could even benefit from the COVID-19 pandemic, as more consumers look to drive to work to avoid the […]

Construction

EU construction activity picks up sharply in May, says GlobalData

Following the release of data from Eurostat showing a significant improvement in EU construction output in May; Moustafa Ali, Economist at GlobalData, a leading data and analytics company, offers his view on the latest construction data release: “EU construction output rebounded in May, with output increasing by 21.2% month-on-month following the record fall in April, when output plummeted by […]

Insurance

Travel insurers start to incorporate COVID-19 cover but there is still a way to go, says GlobalData

Findings from GlobalData’s 2019 UK Insurance Consumer Survey indicate that the most common reason for claiming on travel insurance was for costs related to medical expenses, with 30% of individuals who made a claim stating this reason. Given that some providers have started to offer policies to new customers again, and in some cases providing […]

Insurance

Leading Dutch insurers dependency on health segment leaves them vulnerable to COVID-19, says GlobalData

Leading Dutch insurers are vulnerable to COVID-19 claims, as they are very dependent on the health segment. The Dutch life insurance market is extremely concentrated, with the top 10 players making up 94% of its GWP (Gross Written Premium). This means they are vulnerable to the challenge of maintaining investment returns in stagnant or recessional […]

Construction

UK construction output rebounds in May as economy restarts, says GlobalData

Following the release of data from the Office for National Statistics (ONS) showing an improvement in construction output in May; Moustafa Ali, Economist at GlobalData, a leading data and analytics company, offers his view: “The improvement in construction output in May reflects the restarting of operations for most firms in the sector and is in […]

Insurance

South African insurers biggest concern is the faltering economy as lockdown eases, says GlobalData

GlobalData’s revised post-COVID-19 forecasts for South Africa’s insurance industry sees a significant shift towards negative growth in both the life and non-life segments. GlobalData now expects the South African life insurance market to see premiums decline by 3.1% in 2020, compared to 3.4% growth previously. Similarly, the company expects to see a 6.5% decline in […]

Insurance

COVID-19 insurance gap creates opportunity for parametric model, says GlobalData

COVID-19 has highlighted that the majority of businesses had no insurance protection against pandemics, even if they held a business interruption policy, which has created an opportunity in the market, according to GlobalData, a leading data and analytics company. One startup, Machine Cover, is looking to capitalize by offering parametric insurance to provide protection to […]

Banking

Spanish economy hit hard but spending is expected to increase as lockdown loosens, says GlobalData

Spain’s reliance on its tourism sector has seen its economy and payments industry suffer during the pandemic, but bars and restaurants reopening will provide a much-needed boost, says GlobalData, a leading data and analytics company. GlobalData still expects a decline in card growth in 2020, compared to its pre-COVID-19 forecasts. This is because despite consumers […]

Construction

European construction industry expected to recover in second half of 2020, says GlobalData

As the economy reopens across the EU and data from Eurostat points to an improvement in construction industry confidence; Moustafa Ali, Economist at GlobalData, a leading data and analytics company, offers his view: “COVID-19 lockdown measures coupled with the virus outbreak led to severe disruption in construction output across the EU between March and May, […]

Mining

Despite disruptions during Q1, global coal production is expected to reach 8.13Bnt in 2020, says GlobalData

Despite disruptions during Q1 2020, global coal production is expected to grow, albeit by a marginal 0.1% to 8.13 billion tonnes (Bnt) in 2020, says GlobalData, a leading data and analytics company. A 7.8% fall in production in the US will be a major factor in the overall limited output. However, this will be offset by […]

Insurance

Lloyds refocusing on insurance could start re-emergence of bancassurance, says GlobalData

Lloyds Banking Group is set to refocus its attention on insurance due to declining banking profits, according to recent news. The group has reported profit losses due to low interest rates caused by COVID-19 and is looking to increase its emphasis on insurance and wealth management. If Lloyds is seen to be successful, this could […]

Construction

Western European construction output to plummet by 8.1% in 2020, says GlobalData

GlobalData has cut its construction output forecast for Western Europe to -8.1% in 2020, reflecting the sharp declines in activity across the region in April, during which construction work ground to a halt in numerous markets. Moustafa Ali, Economist at GlobalData, commented: “There is a divide in the region between those most severely impacted by […]

Construction

Latin America construction output now expected to contract by 6.8% in 2020, says GlobalData

GlobalData has further cut its forecast for Latin America’s construction industry, with output now expected to contract by 6.8% in 2020, down from the previous forecast of -5.5% in the May 2020 update and growth of 2.3% pre-COVID-19. Construction activity in all major markets, including Brazil, Mexico and Argentina is projected to decline sharply this […]

Insurance

Wimbledon and other events left more exposed to COVID-19 risk as insurers withdraw pandemic cover, says GlobalData

Following the news that Wimbledon is not able to renew its business interruption policy with pandemic inclusion after its large payout; Ben Carey-Evans, Insurance Analyst at GlobalData, a leading data and analytics company, offers his view: “Major events and sporting tournaments are set to face considerable risk over the next year as insurers back away […]

Construction

North America’s construction output to fall by 6.5% in 2020, says GlobalData

North America’s construction output is forecast to fall by 6.5% in 2020, with Canada projected to see the steepest decline in output (-7%) owed in part to the collapse in global oil prices, while construction output in the US is projected to decrease by -6.5%, according to GlobalData, a leading data and analytics company. Even […]

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French construction output will contract by 11.6% in 2020, says GlobalData

Spain’s construction output will contract by 10.4% in 2020, says GlobalData

COVID-19 will drive demand for bike insurance in cities and offer opportunity for insurers, says GlobalData

PanSeer blood test likely to propel within cancer diagnostic market, says GlobalData

Range of German insurers will struggle under tougher lockdown measures for Europe’s largest economy, says GlobalData

UK motor insurers set to benefit from higher premiums and increased interest despite decline in claims, says GlobalData

EU construction activity picks up sharply in May, says GlobalData

Travel insurers start to incorporate COVID-19 cover but there is still a way to go, says GlobalData

Leading Dutch insurers dependency on health segment leaves them vulnerable to COVID-19, says GlobalData

UK construction output rebounds in May as economy restarts, says GlobalData

South African insurers biggest concern is the faltering economy as lockdown eases, says GlobalData

COVID-19 insurance gap creates opportunity for parametric model, says GlobalData

Spanish economy hit hard but spending is expected to increase as lockdown loosens, says GlobalData

European construction industry expected to recover in second half of 2020, says GlobalData

Despite disruptions during Q1, global coal production is expected to reach 8.13Bnt in 2020, says GlobalData

Lloyds refocusing on insurance could start re-emergence of bancassurance, says GlobalData

Western European construction output to plummet by 8.1% in 2020, says GlobalData

Latin America construction output now expected to contract by 6.8% in 2020, says GlobalData

Wimbledon and other events left more exposed to COVID-19 risk as insurers withdraw pandemic cover, says GlobalData

North America’s construction output to fall by 6.5% in 2020, says GlobalData

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