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Innovation Ranking
NewInnovation Ranking – Allianz SE
Allianz SE (Allianz), a provider of global insurance and asset management services. It offers life, and property and casualty (P&C) insurance products, under the Allianz and Euler Hermes brands. The company’s insurance offerings provide coverage for motor, liability, homeowner, accident, travel and assistance, marine, aviation, and transport. Allianz also offers term insurance, endowment and retirement plans, and pension products. Its asset management products include fixed income, equities, and alternative investments. The company provides asset management services to third-party investors under...
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Company Insights
Allianz – Digital Transformation Strategies
Allianz Digital Transformation Strategies Overview Allianz has been leveraging innovative technologies such as artificial intelligence, blockchain, cloud, big data, IoT, and cybersecurity to digitally transform its operations. The annual ICT spending of Allianz was estimated at $4.3 billion for 2023. A major share of this spending is earmarked for acquiring software, consulting, and hardware from vendors. Allianz provides global insurance and asset management services and offers life insurance and property and casualty insurance products under the Allianz and Euler Hermes...
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Sector Analysis
NewGermany General Insurance Market Size and Trends by Line of Business, Distribution, Competitive Landscape and Forecast to 2028
GlobalData’s 'Germany General Insurance: Key Trends and Opportunities to 2028’ report provides in-depth market analysis, information, and insights into Germany's general insurance segment. The report provides a detailed outlook by product category for Germany's general insurance segment. It provides values for key performance indicators such as gross written premium, penetration, and premium ceded and cession rates during the review period (2019–23) and forecast period (2024–28). The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of...
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Thematic Analysis
NewPersonalization in Insurance – Thematic Intelligence
Personalization in Insurance Thematic Report Overview Insurance companies are recognizing the value of personalized policies to attract and retain customers. Insurers can personalize policies based on policyholder behaviors, preferences, and risk profiles, with unprecedented accuracy by leveraging AI and machine learning algorithms. Personalized policies not only provide customers with coverage that meets their specific requirements but also demonstrate an understanding of their unique circumstances, fostering trust and loyalty. The ‘Personalization in Insurance’ thematic intelligence report gives you an in-depth insight...
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Company Insights
Innovation and Patenting activity of Allianz SE Q4 2023
GlobalData, the industry analysis specialist, has released its latest company patent databook "Innovation and Patenting activity of Allianz SE Q4 2023". The databook highlights patenting activity of the company in terms of growth in filings and grants, regions protected, impact of various themes, sector applicability of technologies protected. It provides contextual analysis of technical peers, their strategy, dominance (Grant share) and their recent activities. This is an on-demand databook that will be delivered upon request. The report will be delivered...
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Product Insights
NewUnited Kingdom (UK) Professional Indemnity Insurance Market Dynamics, Trends, Opportunities and Future Market, 2024 Update
UK Professional Indemnity Insurance Market Report Overview The UK professional indemnity insurance (PII) market was worth GBP3.3 billion in 2023. With improved profitability, capacity is returning to the market, both in the form of new entrants and existing insurers which have ambitious growth targets. Premium rates are therefore now stable or declining and market growth is forecast to be much slower by 2028. However, market conditions remain very profession-specific and are affected by the size and profile of risk. Professional...
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Sector Analysis
NewIndia Life Insurance Market Size and Trends by Line of Business, Distribution, Competitive Landscape and Forecast to 2028
GlobalData’s 'India Life Insurance: Key Trends and Opportunities to 2028’ report provides in-depth market analysis, information, and insights into India's life insurance segment. The report provides a detailed outlook by product category for India's life insurance segment. It provides values for key performance indicators such as gross written premium, penetration, and premium ceded and cession rates during the review period (2019–23) and forecast period (2024–28). The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of...
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Sector Analysis
Germany Life Insurance Market Size and Trends by Line of Business, Distribution, Competitive Landscape and Forecast to 2028
Germany Life Insurance Market Report Overview The gross written premium of Germany life insurance market was EUR95.8 billion ($97.8 billion) in 2023 and is expected to achieve a CAGR of more than 2% during 2024-2028. The Germany life insurance market research report provides an in-depth market analysis, including insights into the lines of business in the country’s life insurance industry. Furthermore, the report provides a detailed outlook by product category as well as values for key performance indicators, including direct...
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Analyst Opinions
NewUnited Kingdom (UK) Bancassurance Distribution Dynamics and Future Market, 2023 Update
United Kingdom (UK) Bancassurance Distribution Market Overview Bancassurance represents a strategic alliance between banks and insurance companies, designed to offer customers the convenience of purchasing insurance products in conjunction with banking services. The banking channel accounts for the highest share of total personal and commercial lines distribution in 2023. App purchases through the bank channel increased with no other channel recording a higher proportion of purchases via apps. This could be because of banks’ intensified focus on digitalization, resulting in...