Insurance

Brokers rank Aviva top for majority of services in commercial insurance, finds GlobalData

Aviva received high praise from brokers, leading the market in 10 of the 12 categories including underwriting flexibility, digital capabilities, and AI integration, which are essential elements in the fast-changing insurance landscape, according to the 2025 UK Commercial Insurance Broker Survey by GlobalData, a leading data and analytics company. Aviva, Allianz, AXA, and Zurich consistently […]

Insurance

Green insurance gains momentum as consumer demand and climate risks intensify, reveals GlobalData

Over two-fifths of insurance industry professionals consider it vital for insurers to offer “green” or environmentally friendly insurance products, as consumer demand for ethical and sustainable offerings continues to rise. With growing awareness of climate change and environmental, social, and governance (ESG) concerns, insurers that align with these values stand to enhance customer loyalty, manage […]

Insurance

Liquid risk forces insurers to reinvent operations and redefine protection, says Celent, a GlobalData company

In an era defined by continuous disruption and systemic uncertainty, the insurance industry stands at a pivotal moment. Traditional approaches to underwriting, pricing, and risk modelling are faltering in the face of climate change, technological disruption, geopolitical fragmentation, and social instability. Against this backdrop, the concept of Liquid Risk casts risk as dynamic, interconnected and […]

Insurance

AI impact broadens beyond underwriting in insurance sector, reveals GlobalData

Underwriting and risk profiling remains the most positively impacted area of the insurance value chain by artificial intelligence (AI). However, the share of industry insiders selecting this area has declined since 2023, suggesting growing momentum for AI adoption in other parts of the value chain, according to a recent poll by GlobalData, a leading data […]

Insurance

Russian aviation insurance market will remain profitable in 2025 despite Angara Airlines crash, says GlobalData

Following the news that, on July 24, 2025, Angara Airlines Flight 2311, an Antonov An-24RV turboprop, crashed near Tynda in Amur Oblast in eastern Russia, resulting in the tragic loss of all 48 people on board—including 42 passengers and 6 crew: Chandini Sharma, Insurance Analyst at GlobalData, a leading data and analytics company, comments: “This […]

Insurance

Kenya general insurance industry to reach $1.9 billion by 2029, forecasts GlobalData

The general insurance industry in Kenya is projected to grow at a compound annual growth rate (CAGR) of 9.1%, increasing from KES238.8 billion ($1.6 billion) in 2025 to KES338.3 billion ($1.9 billion) by 2029, in terms of gross written premium (GWP), according to GlobalData, a leading data and analytics company. According to GlobalData’s Kenya General […]

Insurance

Philippines general insurance industry to reach $3.9 billion by 2029, forecasts GlobalData

The general insurance industry in the Philippines is projected to grow at a robust compound annual growth rate (CAGR) of 10.6%, increasing from PHP153.8 billion ($2.7 billion) in 2025 to PHP229.7 billion ($3.9 billion) by 2029, in terms of gross written premium (GWP), according to GlobalData, a leading data and analytics company. According to GlobalData’s […]

Insurance

India life insurance market to surpass $170 billion by 2029, forecasts GlobalData

The life insurance market in India is projected to grow from INR9.2 trillion ($110.2 billion) in 2024 to INR 14.6 trillion ($170.0 billion) in 2029, registering a compound annual growth rate (CAGR) of 9.6% in terms of gross written premiums (GWP), according to GlobalData, a leading data and analytics company. GlobalData’s India Life Insurance Report […]

Insurance

Australia life insurance market to grow at CAGR of 3.9% during 2025-29, forecasts GlobalData

The life insurance market in Australia is projected to grow from AUD26.2 billion ($17.3 billion) in 2025 to AUD30.5 billion ($19.8 billion) in 2029, registering a compound annual growth rate (CAGR) of 3.9% in terms of gross written premiums (GWP), according to GlobalData, a leading data and analytics company. GlobalData’s Australia Life Insurance Report indicates […]

Insurance

Aviva fast tracks Direct Line acquisition, building insurance powerhouse, says GlobalData

Following the news that Aviva’s GBP3.7 billion acquisition of Direct Line Insurance Group is set to finalize on or around 1 July 2025 after a High Court Sanction hearing and the firm expressing it will proceed with the deal ahead of receiving clearance from the Competition and Markets Authority (CMA); Beatriz Benito, Lead Insurance Analyst […]

Insurance

Iran conflict will push insurance brokers to reevaluate geopolitical risk, says GlobalData

Less than 10% of UK insurance brokers viewed political instability as their top concern in 2025, but the recent conflict involving Iran, Israel, and the US—as well as the Strait of Hormuz crisis—is forcing a rethink. As war risk premiums surge, especially around key shipping routes, brokers may need to reassess their priorities to better […]

Insurance

UAE general insurance market to surpass $20 billion by 2029, forecasts GlobalData

The general insurance market in the United Arab Emirates (UAE) is projected to grow at a compound annual growth rate (CAGR) of 10%, increasing from AED 46.2 billion ($12.6 billion) in 2024 to AED 74.4 billion ($20.2 billion) by 2029, in terms of gross written premium (GWP), according to GlobalData, a leading data and analytics […]

Insurance

Hong Kong (China SAR) life insurance market to reach $73.7 billion by 2029, forecasts GlobalData

The life insurance market in Hong Kong (China SAR) is projected to grow from HKD489.3 billion ($62.6 billion) in 2024 to HKD575.6 billion ($73.7 billion) in 2029, registering a compound annual growth rate (CAGR) of 3.3% in terms of direct written premiums (DWP), according to GlobalData, a leading data and analytics company. GlobalData’s Hong Kong […]

Insurance

Australia general insurance industry to reach $93.9 billion by 2029, forecasts GlobalData

The general insurance industry in Australia is projected to grow at a compound annual growth rate (CAGR) of 8.8%, increasing from an AUD94.7 billion ($62.5 billion) in 2024 to AUD144.5 billion ($93.9 billion) by 2029, in terms of direct written premium (DWP), according to GlobalData, a leading data and analytics company. According to GlobalData’s Australia […]

Insurance

Air India plane crash will harden aviation reinsurance market, says GlobalData

The fatal crash of Air India flight AI171 on June 12, 2025, has become a pivotal moment for the already tightening global aviation reinsurance market. This tragic incident resulted in the death of 241 passengers and crew members and marks the first-ever fatal hull loss of a Boeing 787-8 Dreamliner, considered one of the most […]

Insurance

Foreign reinsurers’ market share in India to surpass 50% in 2025, estimates GlobalData

Licensed foreign reinsurers continue to expand their market presence in India, with their share, in terms of gross written premiums (GWP), almost doubling from 25.8% in 2019 to 49% in 2023 (financial year ending March 2024). Their market share is estimated to surpass 50% in 2025, according to GlobalData, a leading data and analytics company. […]

Insurance

US health insurance uptake faces uncertainty amid Trump’s policies, says GlobalData

Fewer than half of low-income individuals in the US have private health insurance*. Trump’s politics bring uncertainties to the pharmaceutical industry, which will likely translate into higher health insurance rates for consumers, potentially pricing out Americans with lower disposable income, while leaving others underinsured, according to GlobalData, a leading data and analytics company. According to […]

Insurance

Malaysia general insurance industry to surpass $7 billion by 2029, forecasts GlobalData

The general insurance industry in Malaysia is projected to grow at a compound annual growth rate (CAGR) of 6.6% from MYR24.6 billion ($5.5 billion) in 2025 to MYR31.8 billion ($7.2 billion) by 2029, in terms of gross written premium (GWP), according to GlobalData, a leading data and analytics company. GlobalData’s Insurance Database estimates the Malaysian […]

Insurance

Hong Kong (China SAR) general insurance industry to reach $10.9 billion by 2029, forecasts GlobalData

The general insurance industry in Hong Kong (China SAR) is projected to grow at a compound annual growth rate (CAGR) of 5.1% from HKD69.9 billion ($8.9 billion) in 2025 to HKD85.4 billion ($10.9 billion) by 2029, in terms of gross written premium (GWP), according to GlobalData, a leading data and analytics company. According to GlobalData’s […]

Insurance

Insurers must resolve long-term problems to successfully sell to younger generations, says GlobalData

Insurers targeting younger generations face longstanding industry issues of a lack of understanding and a lack of consumer trust. While quicker fixes such as social media strategies and more flexible products may help somewhat, they would only appeal to a small proportion, so the more long-term issues need to be addressed to reach these generations, […]

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Insurance

Brokers rank Aviva top for majority of services in commercial insurance, finds GlobalData

Green insurance gains momentum as consumer demand and climate risks intensify, reveals GlobalData

Liquid risk forces insurers to reinvent operations and redefine protection, says Celent, a GlobalData company

AI impact broadens beyond underwriting in insurance sector, reveals GlobalData

Russian aviation insurance market will remain profitable in 2025 despite Angara Airlines crash, says GlobalData

Kenya general insurance industry to reach $1.9 billion by 2029, forecasts GlobalData

Philippines general insurance industry to reach $3.9 billion by 2029, forecasts GlobalData

India life insurance market to surpass $170 billion by 2029, forecasts GlobalData

Australia life insurance market to grow at CAGR of 3.9% during 2025-29, forecasts GlobalData

Aviva fast tracks Direct Line acquisition, building insurance powerhouse, says GlobalData

Iran conflict will push insurance brokers to reevaluate geopolitical risk, says GlobalData

UAE general insurance market to surpass $20 billion by 2029, forecasts GlobalData

Hong Kong (China SAR) life insurance market to reach $73.7 billion by 2029, forecasts GlobalData

Australia general insurance industry to reach $93.9 billion by 2029, forecasts GlobalData

Air India plane crash will harden aviation reinsurance market, says GlobalData

Foreign reinsurers’ market share in India to surpass 50% in 2025, estimates GlobalData

US health insurance uptake faces uncertainty amid Trump’s policies, says GlobalData

Malaysia general insurance industry to surpass $7 billion by 2029, forecasts GlobalData

Hong Kong (China SAR) general insurance industry to reach $10.9 billion by 2029, forecasts GlobalData

Insurers must resolve long-term problems to successfully sell to younger generations, says GlobalData

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