GlobalData
GlobalData

Insurance

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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Middle East conflict to drive cyber insurance demand, says GlobalData

Rising conflict risk linked to the US, Israel, and Iran is pushing insurers and insureds to reassess exposure not only across marine and trade routes, but also across digital threat vectors. More than a quarter of insurance industry professionals believe cyber insurance will see the strongest increase in demand as geopolitical tensions escalate, according to […]
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Australia property insurance to grow at 7.5% CAGR through 2030 as climate risk reshapes market, says GlobalData

Australia’s property insurance market is set to register a compound annual growth rate (CAGR) of 7.5%, with direct written premiums (DWP) projected to grow from AUD27.4 billion ($18 billion) in 2026 to AUD36.6 billion ($23.7 billion) in 2030. Structural climate risk, persistent claims inflation and targeted government intervention are reshaping underwriting strategy, affordability and capital […]
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