Subscribe
Sign in
Subscribe
Sign in
GlobalData
GlobalData

Insurance

More mayhem for UK insurers as sizzling temperatures return: Heatwaves and other weather-related events already account for 10.8% of home insurance claims, finds GlobalData

Scorching weather coupled with a lack of rain will create the perfect conditions for wildfires in the UK, and insurers should brace themselves for a rise in home insurance claims as flames spread into inhabited areas, says GlobalData. According to the leading data and analytics company, climate change and extreme weather conditions will only increase […]
Read more

Over 20% of global executives believe blockchain is all hype as leading insurance blockchain body fails, says GlobalData

More than 20% of global executives are of the opinion that blockchain technology is all hype, as doubts about its industrial applicability increase due to the recent collapse of the Blockchain Insurance Industry Initiative (B3i), says GlobalData, a leading data and analytics company. GlobalData’s Q2 2022 Emerging Technology Trends Survey (sample size: 352) reveals that […]
Read more

Four leading price comparison websites dominate UK’s motor insurance market as 96.7% of consumers use these websites, finds GlobalData survey

Analysis of GlobalData’s 2021 UK Insurance Consumer Survey revealed that four price comparison websites—Compare the Market, GoCompare, MoneySuperMarket and Confused.com—dominate the UK’s motor insurance market, with 96.7% of UK consumers stating that they use these websites. The leading data and analytics company notes that it is extremely difficult for new comparison sites to get a […]
Read more

Thailand insurance industry to reach $36.1 billion by 2026, driven by life and health insurance products, forecasts GlobalData

The Thailand insurance industry is expected to grow at a compound annual growth rate (CAGR) of 4.7% from THB890.4 billion ($27.8 billion) in 2021 to THB1,1129.3 billion ($36.1 billion) in 2026, in terms of gross written premium (GWP), according to GlobalData, a leading data and analytics company. According to GlobalData, Thailand’s total insurance industry growth […]
Read more

Life insurance industry in India to grow at 10.3% CAGR through 2026, driven by growing awareness and positive regulatory landscape, says GlobalData

The life insurance industry in India is set to grow at a compound annual growth rate (CAGR) of 10.3% from INR7.0 trillion ($92.3 billion) in 2021 to INR11.4 trillion ($150.6 billion) in 2026, in terms of gross written premiums, forecasts GlobalData, a leading data, and analytics company. Anjuli Shrivastava, Insurance Analyst at GlobalData, comments: “The […]
Read more
,

Top 20 insurance companies witness revival in 2021 as the effects of the pandemic subside, says GlobalData

The performance of the top 20 global public insurance companies by revenue witnessed a revival in 2021, as COVID-19 restrictions were eased and global economic activity almost touched pre-pandemic levels, according to GlobalData’s Companies Database. The leading data and analytics company found that the average annual revenue growth of these companies stood at 9.5% while the […]
Read more

Mexico’s general insurance industry to reach $26.1 billion by 2026 due to booming construction sector and increased health awareness, forecasts GlobalData

Mexico’s general insurance industry is expected, by GlobalData, to grow* at a compound annual growth rate (CAGR) of 7.5%, from $18.2 billion in 2021 to $26.1 billion in 2026. The leading data and analytics company notes that such growth will be driven by large infrastructure and construction projects, frequent occurrence of natural catastrophic events, and […]
Read more

Removing the ‘File and Use’ health insurance policy that caused delays to COVID-19-related products will be a game-changer in India, says GlobalData

India’s insurance policy change from ‘File and Use’ to ‘Use and File’ will both improve choice for customers and help insurers get new products processed more quickly Older policy caused big delays in the introduction of COVID-19 insurance products General insurance industry in India will register a compound annual growth rate (CAGR) of 9.9% over […]
Read more

Almost 30% of UK consumers see work-life balance as most important benefit as the country trials a four-day working week, says GlobalData

Following the news that more than 3,300 workers across 70 companies in the UK are trialling a four-day working week for six months; Beatriz Benito, Lead Insurance Analyst at GlobalData, a leading data and analytics company, offers her view: “The four-day working week for full-time pay is not a new concept, with trials being carried […]
Read more

Life insurance industry in Asia-Pacific records highest growth of 7% over last five years in 2021, finds GlobalData

Asia-Pacific’s life insurance industry recorded 7% growth in 2021, the highest since 2016, due to increased insurance awareness as macroeconomic imbalances highlighted the importance of financial security in the wake of COVID-19 pandemic, says GlobalData, a leading data and analytics company. As per GlobalData, the life insurance industry written premiums in the Asia-Pacific region are […]
Read more

Car insurers finding ways around FCA reforms mean nearly two thirds of UK customers face higher premiums, says GlobalData

Following the news that loyal motor insurance customers face premiums that are double that of new customers, despite FCA reforms; Ben Carey-Evans, Senior Insurance Analyst at GlobalData, a leading data and analytics company, offers his view: “This news isn’t particularly surprising, as the motor market is so competitive and attracting new business is extremely dependent […]
Read more
1 … 12 13 14 15 16 … 31