GlobalData
GlobalData

Insurance

General insurance industry in Mexico to reach $20 billion by 2025, driven by increased auto sales and investment in new digital products forecasts GlobalData

Revival in automobile sales, favorable regulatory initiatives, and significant investment by insurers to develop new digital insurance products will support the growth of the general insurance industry in Mexico over the coming years, according to GlobalData. The leading data and analytics company forecasts that the general insurance industry, in terms of gross written premiums (GWP), […]
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Insurance industry adoption of environmental, social and governance practices driven by long-term climate change, says GlobalData

Environmental, social and governance (ESG) practices have become more than a buzzword, with businesses across all market sectors including the insurance sector, making efforts to adopt and integrate ESG practices into their day to day operations, says GlobalData, a leading data and analytics company. A recent GlobalData insurance industry poll revealed that most respondents (21.6%) […]
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Russia’s general insurance industry to reach $19.3 billion in 2025 supported by economic growth post-pandemic, forecasts GlobalData

Russia’s general insurance industry is expected to gain momentum over the coming years after seeing slow growth over the pandemic period, according to GlobalData. The leading data and analytics company forecasts growth in gross written premium (GWP) from $16.0 billion in 2020 to $19.3 billion in 2025 – representing a steady compound annual growth rate […]
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Insurance sector sponsorship worth $895 million to sports industry rights holders in 2021, says GlobalData

424 insurers currently partnering with rights holders, with active contracts worth $5.17 billion over their duration. Majority of insurance firm spend targets the soccer market, with $333 million spent on soccer rights in 2021. Geographically, US-based rights holders carry greatest share of insurance sector sponsorship spend. This market is worth $357 million this year. Insurance […]
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Portugal’s general insurance industry to reach €6.7bn in 2025

Portugal’s general insurance industry is projected to grow from €5.28bn (US$6.03bn) in 2020 to €6.68bn (US$8.35bn) in 2025 in terms of gross written premiums (GWP), according to GlobalData, a leading data and analytics company. As per the latest data from GlobalData, the general insurance industry in Portugal is projected to grow at a compound annual […]
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M&A in Singapore life insurance industry to further consolidate position of top 10 insurers in 2021, says GlobalData

Singapore life insurance industry is highly concentrated with the top 10 insurers accounting for 95% market share in 2020. Boost in demand for life insurance products, and mergers and acquisitions (M&A) will further consolidate the country’s life insurance industry in 2021, finds GlobalData, a leading data and analytics company. Swarup Kumar Sahoo, Senior Insurance Analyst […]
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Digitalization to support online life bancassurance sales in Asia-Pacific, says GlobalData

An accelerated pace of digitalization in the financial sector across the Asia-Pacific (APAC) region due to the COVID-19 pandemic is expected to support the growth of online life bancassurance, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Global Bancassurance Market to 2025 – Analysing Key Performance Indicators, Key Trends, Drivers and […]
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