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GlobalData
GlobalData

Insurance

Recurring natural hazards to support property insurance demand in Philippines, says GlobalData

On November 9, 2025, super-typhoon Fung-Wong struck the Philippines, affecting millions of people and causing significant devastation. Additionally, it caused flash flooding, storm surges, landslides, and gale-force winds. These natural disasters have far-reaching impacts on the insurance industry, significantly impacting property and casualty insurers and reinsurers in the Philippines. However, successive typhoons and flood events […]
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UK cyber insurance adoption lags despite surge in attacks, finds GlobalData

Cyberattacks are evolving and employing more sophisticated techniques, making even the largest businesses increasingly vulnerable. However, a substantial proportion of UK businesses remain unprotected against cyberattacks despite the rising frequency of these unforeseen events, as per a survey conducted by GlobalData, a leading data and analytics company. According to GlobalData’s 2025 UK SME Insurance Survey*, […]
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Agentic AI transforms insurance customer service but human insight remains key, says GlobalData

Agentic AI is reshaping customer service in insurance by enabling real-time, intelligent interactions while working alongside human agents. Although its decision-making abilities make it a powerful support tool, industry experts agree that human oversight remains essential, as customers and insurers alike value the reassurance of a human presence to ensure accuracy, accountability, and trust in […]
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Cyber insurance demand surges amid heightened geopolitical tensions, reveals GlobalData

Cyber insurance has emerged as the most in-demand insurance product as escalating geopolitical tensions drive a surge in cyber threats. With conflicts increasingly extending into cyberspace, organizations are prioritizing stronger digital resilience, while insurers focus on providing clearer coverage and faster recovery support to meet the growing complexity of cyber-related risks, reveals the latest poll […]
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UK consumers like to see more diversity in the board rooms of insurers, says GlobalData

UK consumers are voicing stronger calls for diversity in insurance boardrooms, with many wanting greater representation of women and ethnic minorities in leadership roles. Despite some progress, the sector continues to lag other industries in inclusivity, and rising consumer pressure signals that diversity within decision-making ranks could soon become a critical benchmark for insurers, according […]
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Heathrow cyber-attack highlights need for parametric and preventive cyber insurance, says GlobalData

Major European airports, including Heathrow, Dublin, and Brussels, faced significant disruption following a recent cyber-attack. The incident led to dozens of cancellations, hundreds of delays, and long queues as staff were forced to use handwritten tags and manual redeployments. The recent cyber-attack highlights the need for parametric and preventive cyber insurance, even as nearly half […]
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