-
Product Insights
United Kingdom (UK) Home Insurance (Mid-Net-Worth and High-Net-Worth) Market Size, Trends, Competitor Dynamics and Opportunities
UK Home Insurance (Mid-Net-Worth and High-Net-Worth) Market Report Overview The high-net-worth (HNW) home insurance market in the UK was worth GBP671 million in 2022. The growth can be attributed to the rising number of HNW individuals and surging double-digit premium rates. The HNW home insurance GWP is expected to grow at a CAGR of more than 6% during 2022-2026. Â HNW and MNW home insurance requirements differ from those of mass-market customers, due to the high value and specialist nature of...
-
Thematic Analysis
Artificial Intelligence (AI) in Insurance – Thematic Research
Incumbent insurers are increasingly under threat from disruptive insurtech startups. These companies are drawing on technologies such as artificial intelligence (AI), cloud computing, and the internet of things (IoT) to offer a more personalized insurance experience. Additionally, technologies such as machine learning (ML), computer vision (CV), and conversational platforms can enhance customer service, claims processing, and underwriting. The emergence of several specialist tech vendors has meant these tools are now more accessible to the ordinary insurer. The AI in insurance...
-
Thematic Analysis
Thematic Research: Brexit’s impact on Tourism
Companies that reside within the travel and tourism industry need to actively prepare and reformulate their plans in preparation for Brexit. The current state leaves an array of factors that have the potential for drastic effects on all sectors within the industry. Due to the continual rejection of Theresa May’s deal and now her resignation from office, followed by a potential Conservative Leadership contest, the likelihood of a potential ‘No deal’ situation continues to come into play, thus business, DMOs,...
-
Sector Analysis
Wealth in the UK: HNW Investors 2018
"Wealth in the UK: HNW Investors 2018", report analyzes the investing preferences and portfolio allocation of British HNW investors. It is based on our proprietary Global Wealth Managers Survey. Intergenerational wealth transfer will be a big source of new business over the coming years, as will tax planning - with both requiring professional advice and planning. One of the main challenges is an increase in demand for both advisory and automated solutions, indicating a shift away from an industry with...
-
Sector Analysis
UK Travel Insurance: Market Dynamics and Opportunities 2016
The UK travel insurance market declined by 12.3% to £625.4m in gross written premium (GWP) in 2015. This is a result of fewer policies being written, in addition to rates that have been prevented from hardening due to market competition. The number of policies written has been falling despite rises in the number of UK residents traveling abroad. The majority of UK travelers visit Europe, which has led to Britons relying on European Health Insurance Cards (EHICs) instead of purchasing...
-
Consumer Insights
COVID-19 Survey Snapshot: Impact on Consumer Behavior in Europe – Week 8
GlobalData is carrying out weekly consumer surveys in 11 countries between 25th March and 31st May 2020, to track consumer sentiment and shopping behavior during the Coronavirus (COVID19) pandemic. The sample size is 500 respondents per country, per week. The four countries in scope for Europe are Germany, Italy, Sweden, and the UK. Questions are consistent every week, and cover consumer opinions about COVID-19, buying behavior and product choices and impact of the Coronavirus (COVID19) outbreak on consumers' lifestyle and...