Insurance

Following the recent news that Wimbledon, a prestige UK tennis tournament, is set to receive over £100m from its pandemic insurance; Ben Carey-Evans, Insurance Analyst at GlobalData, shares his insights on the events preparations for pandemics such as the coronavirus (COVID-19) outbreak: “Wimbledon has shown it is one step ahead of most businesses by having insurance in place for current events. It has been paying around £1.5m per year...

Private medical insurance (PMI) in the UK is set to suffer declines as private hospitals reached a deal with the NHS to provide beds, ventilators, staff and space amid the coronavirus (COVID-19) pandemic, according to GlobalData, a leading data and analytics company. GlobalData’s UK Insurance Consumer Survey reveals that in 2019, 28.8% of respondents were concerned...

Generation rent is an impeding factor on the household insurance market, with start-ups and some incumbents now offering flexible renters’ cover. Under the backdrop of a decline in UK household insurance gross written premiums (GWP), which fell by 4.9% to £6.2bn in 2018,...