Subscribe
Sign in
Subscribe
Sign in
GlobalData
GlobalData

Insurance

Roughly one in 10 travel and pet insurance customers canceled policy in 2022 due to UK cost-of-living crisis, finds GlobalData

More than 11% of the travel insurance customers canceled their policy over the past 12 months as a cost-saving measure amid the UK’s cost-of-living crisis. Meanwhile, a further 9.0% of the pet insurance customers and 4.8% of the home insurance customers took the same action, according to the GlobalData’s 2022 UK Insurance Consumer Survey*. Benjamin […]
Read more

Insurers will struggle to retain customers as nearly 80% of UK SMEs are concerned about the cost-of-living crisis, finds GlobalData

Nearly 80% of small and medium sized enterprises (SME) in the UK are extremely concerned about the ongoing cost-of-living crisis, which is likely to heavily impact the commercial insurance sector making renewals and keeping penetration rates up a challenge, says GlobalData. The leading data and analytics company’s 2022 UK SME Insurance Survey* found that 78.3% […]
Read more

The Netherlands’ general insurance industry to reach €77.6 billion in 2026, driven by increased demand for health insurance, says GlobalData

In terms of gross written premiums (GWP), the Netherlands’ general insurance industry is expected to grow at a compound annual growth rate (CAGR) of 3.8%, from €64.4 billion ($76.2 billion) in 2021 to €77.6 billion ($94.1 billion) in 2026, according to GlobalData. The leading data and analytics company found that growth in the general insurance segment will be […]
Read more

Amazon to offer real challenge to dominant ‘big four’ price comparison sites in the UK household insurance market, says GlobalData

Following the news that technology giant Amazon is entering the price comparison market within household insurance in the UK; Ben Carey-Evans, Senior Insurance Analyst at GlobalData, offers his view: “Amazon’s move into price comparison services for household insurance could significantly disrupt a model that has long been dominated by the ‘big four’: Compare the Market, […]
Read more

Taiwan life insurance industry to reach $135 billion in 2026, supported by foreign currency-denominated insurance, forecasts GlobalData

The Taiwanese life insurance industry will grow at a compound annual growth rate (CAGR) of 3.3% from TWD2.9 trillion ($106 billion) in 2021 to TWD3.5 trillion ($135 billion) in 2026, in terms of direct written premiums (DWP), supported by foreign currency-denominated insurance, and the establishment of internet-only life insurers, predicts GlobalData, a leading data and […]
Read more

Lemonade’s entry into UK insurance market reveals huge potential in untapped market, says GlobalData

Following the news that leading US insurtech, Lemonade, has entered the UK home insurance market; Benjamin Hatton, Associate Insurance Analyst at GlobalData, a leading data and analytics company, offers his view: “Lemonade’s renters insurance product has proved hugely popular in the US, as well as France, Germany, and the Netherlands. By offering cheap and tailored […]
Read more

Hurricane Ian likely to bring incurred losses in US fire and natural hazards market to near record level, says GlobalData

Following the news that Hurricane Ian, a devastating category four storm, has swept through Florida overnight; Benjamin Hatton, Associate Insurance Analyst at GlobalData, a leading data and analytics company, offers his view: “Hurricane Ian comes after a series of adverse weather events in the US during 2022 and, as one of the strongest hurricanes the […]
Read more

Climate change and regulatory developments to drive South Korea reinsurance industry to reach $11.9bn in 2026, forecasts GlobalData

The South Korean reinsurance industry will grow at a compound annual growth rate (CAGR) of 7.0% from KRW9.6 trillion ($8.4 billion) in 2021 to KRW13.4 trillion ($11.9 billion) in 2026, in terms of gross written premiums (GWP), supported by climate change and positive regulatory developments, predicts GlobalData, a leading data and analytics company. GlobalData’s Global […]
Read more

Russian life insurance industry forecast to decline by 7.3% in 2022 as Ukraine conflict continues to impact economy, says GlobalData

The economic impact of global sanctions placed on Russia following the country’s invasion of Ukraine, will decelerate the growth of the country’s life insurance industry over the next few years, found GlobalData. According to the leading data and analytics company, life insurance gross written premiums (GWP) in Russia are expected to decline by 7.3% in […]
Read more

Insurtech investments fall by 79.6% in 2021 leading to job losses and tough economic conditions in 2022, says GlobalData

With several leading insurtech start-ups providers going bust or cutting staff, the COVID-19 pandemic and cost-of-living crisis are having a massive impact on the global insurtech industry, with leading data and analytics company GlobalData finding that investments into insurtech have fallen significantly in 2022. GlobalData’s Deals Database reveals that the value of global investments into insurtech fell […]
Read more
1 … 11 12 13 14 15 … 31