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GlobalData
GlobalData

Insurance

Chinese health insurance business set to exceed US$136bn in 2022, says GlobalData

The health insurance business in China is projected to grow from CNY437.4bn (US$64.7bn) in 2017 to CNY921.1bn (US$136.6bn) in 2022, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘China General Insurance: Key trends and Opportunities to 2022’, reveals that health insurance, which contributes about 30% of the total Chinese general insurance business, […]
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Employees should tailor benefits packages to maximize employee satisfaction, says GlobalData

A recent survey has found that there are differences in the priorities of different generations when it comes to employee benefits packages, and employers should maximize packages by giving employees what they value most, says GlobalData. GlobalData’s UK SME Adoption of Employee Benefits 2019 report found that older generations within the workforce (baby boomers and generation X) are […]
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Booming China’s life insurance market wakes up to foreign insurers, says GlobalData

Amid uncertainty over the US-China trade war, the long-awaited liberalization of the booming Chinese insurance industry will offer vast opportunities for foreign life insurance companies, says GlobalData, a leading data and analytics company. GlobalData forecasts the Chinese life insurance market to grow at a compound annual growth rate (CAGR) of 9.6% from CNY2.1 trillion (US$316.6bn) […]
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Thailand general insurance market to reach US$9.14bn by 2023, says GlobalData

The general insurance business in Thailand is projected to grow from THB247.6bn (US$7.7bn) in 2018 to THB285.5bn (US$9.1bn) in 2023, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Thailand General Insurance: Key Trends and Opportunities to 2023’, reveals that gross written premium in Thailand’s general insurance market registered a compound annual growth […]
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Philippines general insurance market to reach US$2bn by 2022, says GlobalData

Susceptibility to natural calamities combined with the government’s push towards infrastructural investments and related insurance coverage is expected to drive the general insurance market in the Philippines from PHP76.6bn (US$1.5bn) in 2017 to PHP112.1bn (US$2.0bn) in 2022, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Strategic Market Intelligence: General Insurance in the […]
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Direct sales channel set to diminish dominance of brokers and agents in Indian general insurance, says GlobalData

The rise of direct sales channel is set to diminish the traditional dominance of the brokers and agents in the Indian general insurance business over the next three years, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Strategic Market Intelligence: General Insurance in India – Key Trends and Opportunities to 2022’, reveals […]
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India’s general insurance market to cross US$40bn by 2022, says GlobalData

Growing middle class, increasing awareness of the need for protection and favorable regulatory landscape are expected to drive the general insurance market in India from INR1.6 trillion in 2017 (US$24.1bn) to INR2.9 trillion (US$40.1bn) in 2022, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Strategic Market Intelligence: General Insurance in India – […]
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India’s general insurance market to cross US$40bn by 2022, says GlobalData

Growing middle class, increasing awareness of the need for protection and favorable regulatory landscape are expected to drive the general insurance market in India from INR1.6 trillion in 2017 (US$24.1bn) to INR2.9 trillion (US$40.1bn) in 2022, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Strategic Market Intelligence: General Insurance in India – […]
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Insurers should offer consumers instant, flexible and digital quotes as insurtech funding nearly doubles in 2018

Global insurtech funding topped $3bn in 2018, an increase of 84.2% from 2017. Consumers are being offered more digital policies as start-ups continue to emerge, bringing new policies and approaches to insurance markets around the world, says GlobalData, a leading data and analytics company. A key trend discussed in GlobalData’s report, ‘Digital Challengers in Insurance […]
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Tesla Insurance will appeal to price-sensitive clients, as 63% of consumers use price comparison sites when buying car insurance

Following the news that Tesla has introduced its own insurance product, Tesla Insurance, for customers in California, Ben Carey-Evans, Insurance Analyst at GlobalData, a leading data and analytics company, offers his view: “Technology-packed vehicles often cost more to insure than traditional cars, a big issue for consumers, as price is critical for them when considering […]
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Apple and Amazon among the leading companies in GlobalData’s AI theme for the consumer electronics sector

Apple, Amazon and Google are the leading companies in the artificial intelligence (AI) theme, according to the latest Thematic Scorecard for the consumer electronics sector from GlobalData, a leading data and analytics company. The three companies all gained the highest Thematic score (5 out of 5) in GlobalData’s Thematic Scorecard for the consumer electronics sector. […]
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Amazon and Google are the leading companies in GlobalData’s Conversational Platforms theme from the consumer electronics sector

Amazon and Google are the leading companies in the Conversational Platforms theme, according to the latest Thematic Scorecard for the consumer electronics sector from GlobalData, a leading data and analytics company. The two companies both gained the highest Thematic score (5 out of 5) in GlobalData’s Thematic scorecard for the consumer electronics sector. A Thematic […]
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