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GlobalData
GlobalData

Insurance

Babylon Health needs to restore consumer trust to benefit from expected rise in popularity of virtual appointments, says GlobalData

Following the news that virtual health insurer, Babylon Health, has suffered a data breach; Ben Carey-Evans, Insurance Analyst at GlobalData, offers his view: “Babylon Health will need to reassure potential customers that their data is safe in order to capitalize on what is looking to be a promising time for virtual appointments. GlobalData’s 2019 UK […]
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Italian insurers look towards digitalization as lockdown continues

GlobalData’s revised post-COVID-19 forecasts show that the COVID-19 pandemic has caused significant damage to insurers in Italy. The total value of general insurance premiums in Italy is now expected to decline by 4.4% in 2020, from growth of 2.2% previously. Similarly, the compound annual growth rate (CAGR) up to 2023 is now forecasted to be […]
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Demand for connected home insurance will fall as consumers stay at home, says GlobalData

COVID-19 will limit the uptake of connected home insurance policies, despite the pandemic making consumers embrace technology, according to GlobalData, a leading data and analytics company. Digitalization is a key trend across all industries, as consumers and businesses avoid face-to-face interactions. However, connected home technology will suffer it is less necessary with people spending significant […]
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Zego’s flexible on-demand and telematics-drive fleet policies are ideal for current conditions, says GlobalData

Zego has expanded its fleet partnership with RSA due to the increased demand for deliveries with the company’s on-demand and telematics-drive policies proving to be exactly what customers need during this pandemic, says GlobalData a leading data and analytics company. The Insurance Times stated that the spike in courier fleets and delivery during lockdown has […]
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COVID-19 likely to cause diversification of retirement funding

COVID-19 has highlighted the vulnerability of capital markets to external shocks and makes the diversification of retirement funding increasingly likely, according to GlobalData, a leading data and analytics company. GlobalData’s 2020 UK Life & Pensions Survey found that over half of all respondents identified an employer pension as being part of their plan to fund […]
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Insurers’ business interruption U-turn could lead to significant uptake in product, says GlobalData

Following the announcement by the Financial Conduct Authority (FCA) that multiple insurers are to back down on the coronavirus policy dispute and pay company owners with business interruption policies; Ben Carey-Evans, Insurance Analyst at GlobalData, a leading data and analytics company, offers his view: “This is a significant turnaround for the industry, which had up […]
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E-scooters popularity in UK presents opportunity for insurers

The use of e-scooters has expanded across the globe and their rise in popularity in the UK will create an opportunity for insurers that are quick to act, according to GlobalData. Findings from GlobalData’s report, ‘Thematic Research: Sharing Economy in Insurance’, highlights that insurance options are limited for micro-mobility solutions. Liability is not clearly understood, […]
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