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GlobalData
GlobalData

Insurance

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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Remote working to benefit UK home insurers, says GlobalData

Home insurers could see a rise in premiums over the coming years if home working becomes more popular, as risk will shift from commercial property to household insurance, according to GlobalData. During the lockdown, home insurance policies will fully compensate a home-working claimant, but policyholders will have to amend their cover once the lockdown is […]
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AI will become crucial to insurers following COVID-19, says GlobalData

Businesses will be forced to reconsider their spending priorities as a result of COVID-19 pandemic and insurers are expected to ramp up investment in artificial intelligence (AI), according to GlobalData, a leading data and analytics company. According to GlobalData’s 2019 Quarterly Tech Trends Survey, 67% of firms in the insurance industry are currently using AI. Although […]
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