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As economies reopen globally, there is a constant battle to achieve a balance between surging COVID-19 cases and addressing economic slowdown. Due to the prevailing uncertainty following COVID-19, GlobalData’s 2020 forecast for global economic growth has been revised downward from -0.9% (estimated 6 April) to -3.95% (estimated 3 August). The signs of a faltering rebound […]
Leading German insurers less focused on life than other European countries, says GlobalData
The top ten insurers in Germany are reliant on life insurance, generating 77% of their GWP from life and health products. This makes them vulnerable to a rise in claims related to mortality and healthcare among the COVID-19 pandemic, as well as lower investment returns led by market volatility. However, many of these firms have […]
Particular airlines could emerge unscathed from poor handling of refunds, says GlobalData
Airlines across the globe have had to make a swift decision between protecting cash reserves by holding on to refunds or providing customers with timely refunds in order to retain loyalty and boost their image. Two prime examples of airlines that have recently received negative attention for their refund processes are Air Canada and Ryanair. […]
Fidelis Underwriting may have advantage over other insurers in UK sector, which risks drop in profitability due to huge reliance on life products, says GlobalData
The leading UK insurers are heavily reliant on the life sector, even compared to other European countries that have strong life leanings. Of the top ten companies, only Fidelis Underwriting was non-life, which could put it at a strong position, according to GlobalData, a leading data and analytics company. Nine of the leading ten insurers […]
Insurtech Zego set to lead UK micromobility movement as COVID-19 pushes e-scooter trials, says GlobalData
Insurtech Zego has become the first insurer to announce a partnership with an e-scooter company for the UK’s first e-scooter trial, which highlights the greater potential for insurtechs in this emerging market, according to GlobalData, a leading data and analytics company. The market is expected to see a surge in demand as consumers look to […]
ResMed benefits from rising ventilator market, which sees forecast upwards adjustment of $3.8bn, says GlobalData
Following ResMed’s fiscal fourth quarter revenue report: Kamilla Kan, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view on the recent news: “ResMed’s year-over-year increase of 9% in revenue is largely due to the increase in sales and production of ventilators due to COVID-19. COVID-19 has had a profound effect […]
Greek gamble may not pay off for UK travelers, says GlobalData
Following the recent announcement that Greece recorded its highest daily tally in COVID-19 cases since the start of the outbreak in the country; Ralph Hollister, Analyst, Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the situation: “The UK Government has already demonstrated how quickly it will take a […]
Russia’s lack of Phase III data for COVID-19 vaccine leaves some unconvinced of safety and efficacy, says GlobalData
Following the news that Russia has approved the first COVID-19 vaccine; Philipp Rosenbaum, PhD, Senior Infectious Diseases Analyst at GlobalData, a leading data and analytics company, offers his view: “The available clinical trial data for Russia’s COVID-19 vaccine, comprising 38 trial participants that have been followed for two months, is simply not enough to convince […]
Marathon Oil to drive break-even prices as low as $30/bbl in Bakken and Eagle Ford by reducing well costs by 10% in H2, says GlobalData
Following the release of Marathon Oil’s Q2 results; Andrew Folse, Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the current events: “Marathon Oil’s net loss of US$750m in Q2 2020 was well anticipated due to the drop in oil prices and the current economic crisis that impacted […]
AstraZeneca continues to take strategic steps towards differentiating Forxiga from SGLT-2 inhibitor competitors, says GlobalData
AstraZeneca’s Farxiga (dapagliflozin) is expected to significantly strengthen its presence in the the sodium-glucose co-transporter-2 inhibitor (SGLT-2I) class of the cardiovascular and metabolic arena after recent findings suggested the drug can both reduce cardiovascular (CV) risk and decrease the risk of new-onset diabetes in HF-REF patients. Key opinion leaders (KOLs) interviewed by GlobalData have expressed […]
Struggling foodservice brands must embrace dark kitchens, says GlobalData
Despite seeing losses in revenue, foodservice outlets have reported that deliveries in several markets are growing. Market leader McDonald’s effectively doubled its deliveries in Australia, for example, to almost 10% of sales. However, without an army of franchisees, smaller, independent operators are unlikely to pull off the same feat, facing a multitude of operational and […]
Growing UK offshore wind becomes cheaper than nuclear and gas, expanding installations that might help the nation accomplish 2030 target, says GlobalData
The Imperial College London conducted a study where it shows that the UK offshore wind generation costs have significantly declined in the last few years, tossing in the plausibility of the segment soon being subsidy negative as per their contract for difference (CfD). GlobalData anticipates that the declining costs not only make offshore wind a […]
Ireland’s renewable auction sees cost reduction and favourable mechanism to support country achieve decade-end target, says GloblaData
The first Renewable Energy Support Scheme (RESS-1) round of Ireland’s first green energy auction provided a stage for the rapid deployment of onshore wind and solar projects. GlobalData, a leading data and analytics company, predicts that the scheme will be pivotal to Ireland’s contribution towards the EU-wide renewable energy target of 32% of overall generation […]
Continued collection of longitudinal data suggested to assess immune response that COVID-19 triggers in pregnant women, says GlobalData
Recent study findings from the US Centers for Disease Control and Prevention (CDC) suggest there may be a difference in disease severity when comparing pregnant and nonpregnant women with COVID-19. Understanding the outcomes of pregnancy in COVID-19-positive women could prevent adverse outcomes on a large scale, and more data collection on pregnant women with COVID-19 […]
Although Lilly’s monoclonal antibody could be efficacious against COVID-19, recruitment could be slow, says GlobalData
Following the news of Eli Lilly and Company initiating a Phase III trial for their monoclonal antibody, LY-CoV555, for the prevention of COVID-19 in nursing home residents; Arafa Salam, PhD, Infectious Diseases Analyst at GlobalData, a leading data and analytics company offers her view: “Although the use of mobile research facilities for clinical trials may […]
COVID-19 pandemic severely impacting US reversible contraceptive devices market with 28.9% lost revenue expected in 2020, says GlobalData
Nearly 30% of revenue from reversible contraceptive devices in the US will be lost in 2020 due to COVID-19, as many procedures have been postponed and clinics have been closed. In comparison, developing countries are expected to experience a less severe decline, as governments have previously dealt with providing reproductive health during pandemics such as […]
Epic Games’ $1.8bn funding round will help it expand beyond the gaming sector, says GlobalData
Following the announcement that that Epic Games has raised funding of $1.78bn, taking its valuation to $17.3bn; Rupantar Guha, Associate project manager for Thematic Research at GlobalData, a leading data and analytics company, offers his view: “While Epic Games’ strong position is largely due to its role in developing the massively popular Fortnite, its success […]
July auto sales in Turkey impressive but sustainability remains a question, says GlobalData
Following the news that automotive sales in Turkey grew by 387.5% year-on-year in July 2020, according to Automotive Distributors Association Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “The surge in sales is impressive but not unbelievable in light of Turkey’s effective response to the COVID-19 […]
Catastrophic fall of lira could be blessing in disguise for Turkish tourism, says GlobalData
As the Turkish lira keeps hitting record lows against the major currencies; John Vandesquille, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view: “The continuous drop of the Turkish currency on exchange markets, stemming from years of debt accumulation and the unwillingness of President Erdogan to increase interest rates, […]
Intel’s stumble in leading-edge chips race gives rivals an opportunity to catch up, says GlobalData
Intel has fallen behind in its ability to make commercially ready, leading-edge chips in sufficient volumes, opening the door to its main rivals, AMD and Nvidia, says GlobalData, a leading data and analytics company. Intel’s recent bombshell that it has stumbled – yet again – in the production of its 7-nanometer (nm) parts was a […]