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Chinese companies Huawei and ZTE and Singapore based Broadcom are the three networking equipment companies most at risk from the geopolitical unrest currently engulfing the tech sector, according to the latest Thematic Scorecard for the networking equipment sector from GlobalData, a leading data and analytics company. The three companies all gained the lowest score (1 […]
Paypal and Alibaba amongst the leading companies in GlobalData’s Mobile Payments theme for the ecommerce sector
PayPal, China’s Alibaba and Tencent, and South Korea’s Naver are the leading companies in the Mobile Payments theme, according to the latest Thematic Scorecard for the ecommerce sector from GlobalData, a leading data and analytics company. The four companies all gained the highest Thematic score (5 out of 5) in GlobalData’s Thematic scorecard for the […]
In-vehicle technology could soften the blow for disappointing Ogden rate change
Following the latest Ogden rate change from -0.75% to -0.25%, Yasha Kuruvilla, General Insurance Associate Analyst at GlobalData, a leading data and analytics company, offers his view: “While this increase is good news for insurers the scale of the change has left many disappointed. On the plus side, we have seen quite a substantial increase […]
Cyber insurance has potential to further consolidate broker dominance
As more small and medium enterprises (SMEs) begin to digitize part or all of their business, the need for cyber cover has gained prominence more than ever before. However, less than a third of UK SMEs held cyber insurance in 2018, according to GlobalData, a leading data and analytics company. The company’s latest report: ‘UK […]
Zurich must focus on bridging the gap with its competitors after Amanda Blanc’s resignation
Following the news that Amanda Blanc has resigned from her role as head of European business at Zurich, Ben Carey-Evans, Insurance Analyst at GlobalData, a leading data and analytics company, offers his view: “Amanda Blanc announced her surprise resignation from her role as head of European business at Zurich earlier this week, only eight months […]
Facebook’s Libra targets established digital currency markets like Asia by going global
Following Facebook’s recent announcement that it will be launching a digital currency called Libra, Bhavika Shah, Payments Analyst at GlobalData, a leading data and analytics company, offers her view: “Offering electronic payments to cash-dependent consumers is not an untapped market in regions like Asia, where Libra will try to differentiate from its competitors by launching […]
Price disparity among UK insurance aggregator sites a puzzle for consumers
The aggregator market continues to exert great influence over the personal lines sectors of insurance, with over two-thirds of all motor policies purchased via such sites in 2018. However, research from GlobalData, a leading data and analytics company, shows that consumers are not offered the same policies for the same price across the sites. The […]
UK SMEs only offer one core benefit to all their employees on average
The proportion of UK small and medium enterprises (SMEs) that offer their employees benefits is quite low, with only 26.3% of SMEs offering flexible working arrangements to all of their employees, according to to GlobalData, a leading data and analytics company. The lack of benefits is even more pronounced when looking at Employee Assistance Programs […]
Comprehensive cover accounted for 42% of UK consumers income protection purchases in 2018
Comprehensive cover was the leading consumer choice in the UK in 2018, accounting for 42% of income protection purchases, according to GlobalData, a leading data and analytics company. The company’s latest report: ‘How Customers Purchase Income Protection 2018’ reveals that job security concerns pushed consumers to favor comprehensive cover over just unemployment or accident and […]
Baby boomers represent an opportunity for employers as over 50% would like to receive several benefits they are not currently offered
There are opportunities for employers at small and medium-sized enterprises (SMEs) to improve staff satisfaction and attract new staff by offering a range of competitive benefits and out of all the generations, baby boomers represent the biggest opportunity for employers, according to GlobalData, a leading data and analytics company. GlobalData’s report: ‘UK SME Adoption of […]
28.3% of HNW clients’ children move their assets to a new provider when they inherit
After inheriting, 28.3% of HNW clients’ children discontinue the relationship with their parents’ wealth manager, according to GlobalData, a leading data and analytics company. The company’s report: ‘2019: Trends to Watch in Global Wealth Management’ states that 38% of the global HNW population is above the age of 60, which equates to 4.3 million individuals. […]
Hannover Re set to boost innovation in the insurance industry
‘Hannover Re’s’ new innovation pool, ‘hr | equarium’, aims to play matchmaker for digital innovators and incumbent insurers, says GlobalData, a leading data and analytics company. By enabling insurers to partner up with start-ups, that possess the necessary technology, it will proceed to assist in the digital revolution within the insurance industry. Hannover Re’s new […]
Bupa’s DNA map service likely to concern employees
The popularity of consumer DNA testing has soared due to technological advancements, making this service cheap enough to be affordable to the public. Businesses that are covered by Bupa can now provide their employees with one of these tests, however some employees believe this could be overstepping the boundary between their personal and professional life, […]
Only 5% of UK millennial investors use robo-advice services, as human expertise is still preferred over AI technology
Technology is a relatively new addition within the wealth management industry, from robo-advisors to AI-enabled chatbots. However, the need for human financial advice will not be pushed to the side any time soon, says GlobalData, a leading data and analytics company. According to GlobalData’s recent ‘UK Investors Survey’, face-to-face communication, amongst millennials, still reigns supreme […]
Start-up aims to make millennials ‘DeadHappy’ with life insurance
Insurtech start-up ‘DeadHappy’ is looking to revolutionize life insurance by introducing its flexible, pay-as-you-go product, to a market lacking true innovation, according to GlobalData, a leading data and analytics company. The company is set to target younger generations, as GlobalData’s 2018 UK Insurance Consumer Survey found that only up to 17% of 18–25 year olds […]
$43bn FIS and Worldpay merger creates new processing giant
Following the news of the merger agreement between Fidelity Information Services (FIS) and Worldpay, Bhavika Shah, Payments Analyst at GlobalData, a leading data and analytics company offers her view: “With the acquisition of Worldpay, FIS stands to drastically improve its position in the US market by combining the two companies’ complementary services. “In 2018, Worldpay processed […]
Millennials are increasingly using ‘WeChat’ and ‘WhatsApp’ to discuss their investments with wealth managers
Almost 40% of millennials in Asia-Pacific were contacting their wealth managers via a chat application in Q2 2018, a 10 percentage point increase since 2017, says GlobalData, a leading data and analytics company. Using chat applications is one method that is increasingly used by millennials to discuss their investments with advisors. These applications offer a […]
Aviva gathers momentum in the UK as it shifts focus to consolidation for 2019
Following today’s (7 March 2019) release of Aviva’s preliminary results for 12 months ended 31 December 2018, Ben Carey-Evans, Insurance Analyst at GlobalData, offers his view: “Aviva’s 2018 preliminary financial report released today indicates that its UK business performed strongly over the year. A key highlight is that its operating profit in the UK increased […]
The UK is shifting towards a cashless society as 62% of consumers use contactless
The rapid rise in contactless payments in the UK means that the UK is shifting towards a ‘cashless society’, says GlobalData, a leading data and analytics company. According to GlobalData’s 2018 Consumer Payments Insight Survey, 62% of the 4,000 respondents surveyed in the UK have a contactless card and use it for contactless payments. This […]
Western markets will not follow Japan’s lead on blockchain payments
Following the news that Japan’s Mitsubishi UFJ Financial Group is launching an open payment network built on the blockchain in 2020, Sam Murrant, Senior Payments Analyst at GlobalData offers his view: “Where it has been adopted by major banks at all, blockchain tends to be relegated to cross-border transactions as a means of cutting through […]