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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...
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Analyst Opinions
NewUnited Kingdom (UK) Personal Lines Insurance Distribution Dynamics and Future Market, 2023 Update
United Kingdom (UK) Personal Lines Insurance Market Report Overview The direct channel was the preferred choice for personal insurance purchases in the UK in 2023. Consumers are increasingly opting for online insurance purchases driving insurers and distributors to continue enhancing their online capabilities. Consumers prioritize affordability and trustworthiness when selecting an insurance provider, regardless of distribution channel. Hence, across all lines of distribution, the primary factors influencing consumers’ choice is either related to the cost of premiums or the provider’s...
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Product Insights
United Kingdom (UK) Pet Insurance Market Dynamics, Trends and Opportunities
UK Pet Insurance Market Overview The UK pet insurance market size was GBP1.58 billion in 2022. The market is expected to achieve a CAGR of more than 4% during 2022-2027. The market will be primarily driven by rising premiums, which are unavoidable due to the increasing cost of veterinary care. UK Pet Insurance Market Outlook, 2022-2027 (GBP Billion) Buy the Full Report for More Insights into the UK Pet insurance Market Forecast Download a Free Report Sample The United Kingdom...
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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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Track & Monitor
Technology Innovation: Live betting games
Innovations in technology is relentless, making it hard to stay on-top of the dynamically evolving business landscape and in early identification of profound shifts, posing high risk of being disrupted if detected too late. GlobalData's coherent data-driven approach, using multiple forward-looking alternative datasets, empowers clients by decoding in advance the disruptive tech innovations of the future. Using patents data, GlobalData's proprietary innovation s-curve identifies specific innovation areas and their stage of evolution, i.e., whether they are emerging, accelerating or maturing....
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Sector Analysis
United Kingdom (UK) Travel Insurance – Market Dynamics and Opportunities 2020
This report provides in-depth analysis of the UK travel insurance market. It looks at current and historical market size and profitability, examining changes in premiums and claims. It analyzes the competitive landscape, providing examples of key travel insurance products. The report discusses travel trends and the impact of various socio-political and economic factors, including COVID-19 and Brexit. Forecasts up to 2024 are provided for gross written premiums, and the report also discusses how the market and travel insurance products are...
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Sector Analysis
Consumer and Market Insights: Wine in Germany
The Wine market in Germany is forecast to register higher growth in value terms during 2015-2020 compared to 2010-2015 driven by an increasing GDP per Capita and low inflation. Still Wine is the leading value category and also forecast to register the fastest growth during 2015-2020. Wine consumption among Germans is mainly influenced by the Premiumization & Indulgence and the Product Specificity consumer trends.
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Sector Analysis
Consumer and Market Insights: Wine Market in Germany
Of the three categories analyzed, Still Wine will be the largest as well as fastest growing value category, registering a CAGR of 2.5% during 2015-2019 The Wine market in Germany accounted for more than three- fourth of Wine & Spirits sales during 2010-2013 Bottle is the only outer type used for packaging of products in the German Wine market Private label products had high market penetration of 53.7% in 2014. They compete with brands, which has resulted in a private...