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GlobalData
GlobalData

Insurance

Supply chain insurance seen as must-have protection amid global instability, finds GlobalData

Businesses overwhelmingly view the fallout of geopolitical tensions through the lens of indirect operational disruption, seeking products that safeguard daily commercial operations. Against this backdrop, supply chain insurance is seen as a must-have protection, according to GlobalData, a leading intelligence and productivity platform. According to a poll* conducted by GlobalData on Verdict Media sites in […]
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Underwriting remains top AI use case for insurers as enterprise-wide adoption accelerates, reveals GlobalData

Artificial intelligence (AI) is expanding its role across the insurance value chain as insurers increasingly move beyond its traditional use in underwriting. Growing confidence in AI is driving adoption in product development, customer service, claims management, and other core functions, reflecting a broader shift from isolated use cases towards enterprise-wide transformation aimed at improving efficiency, […]
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Commercial insurers face volatility as impending UK leadership shift triggers SME uncertainty, reveals GlobalData

Andy Burnham’s impending takeover from Sir Keir Starmer as UK Prime Minister introduces a wave of political ambiguity that could destabilize commercial insurers. Little is known about any changes Burnham will make that could impact insurance at this point. However, uncertainty is always a concern for SMEs in the UK, which could trouble commercial insurers […]
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Cyber insurance gap leaves SMEs dangerously exposed to cyberattacks, finds GlobalData

Cyberattacks are becoming an increasingly significant threat to small and medium enterprises (SMEs), yet insurance adoption remains disproportionately low. Limited awareness of cyber risks, affordability challenges, and evolving threat landscapes continue to leave many SMEs financially exposed. As cyber incidents grow in severity and sophistication, closing the protection gap has become a pressing priority for […]
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TikTok’s commercial insurance debut signals next wave of embedded distribution, reveals GlobalData

TikTok officially transitions to powerful distribution channel for commercial insurance for ecommerce businesses through digital insurtech company Ergo Next Insurance partnership. Embedded insurance will be a game-changer for the distribution of insurance over the next few years as a broader range of platforms emerge as distribution partners, says GlobalData, a leading intelligence and productivity platform. […]
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Insurance AI adoption tempered by systemic risks and structural vulnerabilities, reveals GlobalData

Artificial Intelligence (AI) adoption accelerates across the insurance ecosystem, yet underlying market realities temper widespread optimism. While intense competitive pressure forces insurers, brokers and reinsurers to fast-track AI-enabled tools, critical systemic risk concerns persist. Industry stakeholders increasingly flag structural vulnerabilities, warning that current models lack the requisite maturity for enterprise-wide deployment, reveals GlobalData, a leading […]
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Inaccurate risk assessment remains top barrier for cyber insurance underwriting, finds GlobalData

Appetite for offering cyber insurance remains mixed, as difficulties in assessing risks create challenges in ensuring profitability. Insurers need to continuously monitor and adopt to an ever-changing cyber risk landscape, says GlobalData, a leading intelligence and productivity platform. According to a poll* conducted by GlobalData on Verdict Media sites in Q1 2026, which garnered responses […]
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Hong Kong (China SAR) property insurance industry to surpass $1 billion by 2030, forecasts GlobalData

The Hong Kong (China SAR)  property insurance industry is projected to grow at a compound annual growth rate (CAGR) of 7.5%, increasing from HKD7.0 billion ($894.3 million) in 2026 to HKD9.3 billion ($1.2 billion) by 2030, in terms of direct written premium (DWP), according to GlobalData, a leading intelligence and productivity platform. GlobalData’s Insurance Database […]
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Indonesia motor insurance market to reach $1.3 billion by 2030, forecasts GlobalData

Indonesia’s motor insurance market is forecast to register a compound annual growth rate (CAGR) of 5%, with gross written premiums (GWP) increasing from IDR16.9 trillion ($1 billion) in 2026 to IDR20.5 trillion ($1.3 billion) in 2030, according to GlobalData, a leading intelligence and productivity platform.   GlobalData’s Insurance Database estimates that the Indonesian motor insurance market will […]
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Vietnam general insurance industry to surpass $5 billion by 2030, forecasts GlobalData

Vietnam’s general insurance industry is forecast to grow at a compound annual growth rate (CAGR) of 9.9%, increasing from VND95.8 trillion ($3.7 billion) in 2026 to VND139.8 trillion ($5.2 billion) by 2030, in terms of gross written premium (GWP), according to GlobalData, a leading intelligence and productivity platform. GlobalData’s Insurance Database estimates that the Vietnamese […]
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