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Sector Analysis
NewInsurance Broker Market Size and Analysis by Region, Regulatory Trends, Competitive Landscape and Forecast to 2028
GlobalData’s '2024 Global Insurance Broker Insurance Market’ insight analysis report provides in-depth market analysis, information, and insights into the global and regional insurance brokers. The report provides a detailed outlook of the Global insurance brokers. It provides values for key performance indicators such as written premium and claims during the review period (2019–23) and forecast period (2024–28). The report gives a comprehensive overview of the global and regional insurance brokers, key lines of business, key trends, drivers, challenges, regulatory overview...
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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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Company Insights
Innovation and Patenting activity of Arthur J. Gallagher & Co Q4 2023
GlobalData, the industry analysis specialist, has released its latest company patent databook "Innovation and Patenting activity of Arthur J. Gallagher & Co 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...
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Thematic Analysis
Insurance M&A Deals 2023 – Top Themes – Thematic Intelligence
This report analyzes the disruptive themes that have driven M&A activity in 2023 in the Insurance Sector
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Product Insights
United Kingdom (UK) SME Insurance Market Size, Trends, Competitor Dynamics and Opportunities
United Kingdom (UK) SME Insurance Market Report Overview The UK SME insurance market generated gross written premiums (GWP) worth GBP15.52 billion in 2023. The primary factor contributing to GWP growth in 2023 was a large year-round hardening of premiums. The rise in claims expenses, which were often passed on to customers, also contributed to the overall increase in GWP. Various insurance categories witnessed substantial increases in the cost of coverage, primarily due to inflationary pressures and challenges in the global...
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Thematic Analysis
Insurance M&A Deals Q3 2023 – Top Themes – Thematic Intelligence
This report analyzes the disruptive themes that have driven M&A activity in Q3 2023 in the Insurance Sector
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Thematic Analysis
Space Economy – Thematic Intelligence
Space Economy Report Overview Space is no longer the sole domain of governments and incumbent aerospace and defense companies. Technological advances in manufacturing, propulsion, and the launch of rockets have made it much easier and less expensive to venture into space. Those businesses that pursued emerging opportunities have gained a first-mover advantage. For instance, SpaceX was the first private company to launch a spacecraft into orbit and return it safely to Earth-. The Space Economy thematic report provides an overview...
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Thematic Analysis
Insurtech – Thematic Intelligence
Insurtech Thematic Report Overview Insurtechs can create innovative solutions for content generation using generative AI, risk modeling, and customer engagement. For instance, they can use generative AI to generate personalized insurance policies based on customer data, enhancing customer experiences and increasing policy uptake. Additionally, generative AI can be utilized to create interactive chatbots or virtual assistants that provide real-time support and streamline claims processing. Thus, by leveraging generative AI's ability to generate new content, insurtechs can also improve marketing efforts,...
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Sector Analysis
Financial Services (Insurance) Sports Sponsorship Landscape – Analysing Biggest Brands and Spenders, Venue Rights, Deals and Case Studies
Financial Services (Insurance) Sports Sponsorship Landscape Report Overview The insurance sector accounts for an estimated annual spend of $1.04 billion in sport sponsorship for 2023. Sports sponsorship is one of the most effective ways for brands to increase their visibility and profile since sports are incredibly popular around the world, with the most popular leagues and teams being viewed by millions. Brands are eager to attach themselves to widely viewed properties to increase the number of eyes on their branding...