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GlobalData
GlobalData

Insurance

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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GlobalData identifies the networking equipment companies most at risk from geopolitical turmoil

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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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, […]
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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 […]
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