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GlobalData
GlobalData

Insurance

Personal accident and health insurance in Asia-Pacific to reach US$240.1bn in 2023, says GlobalData

Personal accident and health (PA&H) insurance written premium in the Asia-Pacific region is forecasted to grow from US$157.6bn in 2019 to US$240.1bn in 2023, according to GlobalData, a leading data and analytics company. GlobalData’s insight report, ‘Global Personal Accident and Health Insurance Market to 2023’, reveals that PA&H insurance in Asia-Pacific is projected to grow […]
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UK insurers must maintain strong communication throughout second COVID-19 lockdown

A rare positive for insurers from the COVID-19 pandemic is that small and medium-sized enterprises (SMEs) in the UK believe their communication with regards to COVID-19 has been strong, and this will remain essential throughout this second lockdown, according to GlobalData, a leading data and analytics company. According to GlobalData’s 2020 UK SME Insurance Survey, 63.6% of all SMEs in the UK are […]
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General insurance business in Malaysia to contract by 2.2% in 2020 due to COVID-19, says GlobalData

The Malaysian general insurance industry is expected to contract by 2.2% in 2020, primarily due to weak consumer demand and suspension of economic activity due to the lockdown restrictions in the aftermath of COVID-19 pandemic, according to GlobalData, a leading data and analytics company. GlobalData has revised Malaysia’s general insurance forecast in the aftermath of […]
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Proposed changes in regulations for infrastructure investment trusts likely to open alternate source for Indian insurers, says GlobalData

The proposal to amend the regulations around the investments in infrastructure investment trusts (InvITs) is expected to open an alternate source of investments for Indian insurers and pension funds, according to GlobalData, a leading data and analytics company. According to GlobalData’s Insurance Database, the total investment income of Indian insurers is expected to decline by […]
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COVID-19 recession will boost price comparison sales

Price comparison websites (PCWs) will become even more popular in insurance as consumers look for savings wherever possible as the UK economy officially enters recession, according to GlobalData, a leading data and analytics company. PCWs are very popular among UK consumers when purchasing insurance. GlobalData’s 2019 UK Insurance Consumer Survey found that 31.3% of motor […]
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A third of medium-sized businesses are more likely to purchase cyber insurance since COVID-19 outbreak

Insurers looking to target businesses with cyber insurance following a rise in attempted attacks during lockdown should focus on larger small and medium-sized enterprises (SMEs), according to GlobalData, a leading data and analytics company. GlobalData’s 2020 UK SME Insurance Survey found that although only 8.5% of SMEs said the likelihood of them purchasing cyber insurance […]
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Cyber-attacks threaten middle-market businesses, providing opportunity for insurers, says GlobalData

Despite a series of high-profile cyber security cases in recent years, the uptake of cyber insurance among small-medium enterprises (SME) remains low at just 12.7%, according to GlobalData’s 2020 UK SME Insurance Survey. Insurers should target middle-market companies who at the most risk, according to GlobalData, a leading data and analytics company. Daniel Pearce, Senior […]
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