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Analyst Opinions
NewUnited Kingdom (UK) Whole of Life Assurance Distribution Dynamics and Future Market, 2023 Update
The United Kingdom (UK) Whole of Life Assurance Market Report Overview Consumers are struggling to find the information they need on their insurance providers’ sites. This resulted in a decline in consumers visiting their existing provider’s website in 2023 compared to 2022. The United Kingdom (UK) whole of life assurance market research report explores consumer purchasing preferences for whole of life assurance, as well as their changes over time. It identifies what is most influential to customers when purchasing a...
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Product Insights
United Kingdom (UK) Travel Insurance Market Dynamics, Trends and Opportunities
United Kingdom (UK) Travel Insurance Market Report Overview The UK travel insurance market witnessed a substantial increase in GWP reaching GBP 630.4 million in 2022. While the increase in GWP was substantial, it occurred in the context of a decrease in the number of policyholders. This suggests that growth in GWP is not due to increased demand but rather a result of higher premiums being charged. The market is expected to achieve a CAGR of more than 2% during 2022-2027. UK...
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Product Insights
United Kingdom (UK) Home Emergency Insurance and Home Services 2021
The UK home emergency market was valued at GBP1.15 billion in 2020. However, the market is projected to decline at a CAGR of more than 2% during the forecast period. This report provides an in-depth analysis of the UK home emergency insurance and home services markets. Topics discussed include both the current and forecasted market sizes, underlying market drivers including claims costs, COVID-19, and housing supply, and customer trends including policy types and demographic trends.
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Thematic Analysis
Connected Cars in Insurance – Thematic Research
The global connected cars market size was $27.3 billion in 2020 and the market is expected to grow at a CAGR of more than 7% between 2020 and 2030. A great proportion of the connected car market’s growth will not only be due to the year-on-year expansion of connected vehicles on roads but also due to the utilization of telematics technology. The expansion of the connected car market flags the potential for insurers to integrate personalized aspects of how motor...
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Sector Analysis
United Kingdom (UK) Private Motor Insurance – Market Dynamics and Opportunities 2020
Gross written premiums (GWP) contracted in 2019. This was driven by decreases in both the number of policies sold and the average cost of premiums. The implications of COVID-19 have changed the way that consumers use their vehicles, creating a greater demand for usage-based insurance (UBI) products. COVID-19 has also postponed the highly anticipated Civil Liability Act until 2021. The outcome of Brexit also remains unclear, with an expectation that basic coverage will no longer be available for UK drivers...
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Sector Analysis
Fostering Trust in Insurance
"Fostering Trust in Insurance", report takes a look at the concept of trust and its growing importance to consumers - and by extension to insurance propositions - in an era of GDPR-led data protection and a digital, connected world. The report discusses not only the extent to which trust is sought by consumers, but highlights two key routes to achieving trustworthiness within the insurance market, including case studies of brands taking these steps. Being trusted is key to any service...
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Track & Monitor
Smart Money Investing in the Financial Services Industry – Q3 2018: Tracking M&A, venture capital, and private equity investments globally
GlobalData’s "Smart Money Investing in the Financial Services Industry - Q3 2018", report provides detailed analysis of investment activities in financial services industry globally during the third quarter of 2018. The report provides comprehensive coverage of investment activities including mergers, acquisitions, asset transactions, venture financing and private equity, both in terms of deal value and volume. It also provides a global snapshot of investment trends in sectors including banking, payments, insurance and wealth management, and information on best practices followed...
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Thematic Analysis
Connected Cars in Insurance – Thematic Research
This report provides an in-depth analysis of the connected motor insurance market. It looks at market size as well as claims, contextual and economic factors, regulation, and opportunities. It provides a thorough overview of the market along with analysis of how the development of connected cars will impact the insurance value chain.
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Sector Analysis
UK Private Motor Insurance: Market Dynamics & Opportunities 2019
This report analyzes UK private motor insurance, looking at market size as well as changes in premiums, claims, road casualties, the motor parc, regulations, and opportunities. It discusses the leading competitors and how the market is likely to change due to telematics and driverless cars, as well as providing future forecasts of market size up to 2023. Gross written premiums (GWP) expanded by less than 1% in the private motor insurance market in 2018, following a period of stronger growth....
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Sector Analysis
UK Private Motor Insurance: Competitor Dynamics
The UK Private Motor Insurance market is a highly competitive market. Insurers are struggling to make their books profitable, as claims continue to prove challenging. The number of insurers active in this market makes it hard to generate rate increases on top of the rise in insurance tax. With more regulation likely, insurers are continually looking at different ways to deliver competitive advantage.