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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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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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Analyst Opinions
Innovation in Insurance – Leading Trends and Themes
Innovation in Insurance Market Report Overview Insurance companies are increasingly using smart and connected devices to reward positive behavior across a variety of lines. Younger demographics are showing a greater willingness to use these products and share the data they generate with insurers, making this a key innovation in maintaining demand going forward. AI technology is becoming increasingly disruptive within the insurance industry due to the benefits it can provide across all areas of the insurance value chain. The innovation...
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Analyst Opinions
Commerce Tomorrow – How Embedded Finance is Disrupting the Modern Economy
Embedded finance is the streamlined integration of financial services into a conventional non-financial service. It is intended to simplify financial processes for consumers and provide a better user experience by allowing them to access what they need when they need it. The key enablers for embedded finance are open banking and payment application programming interfaces (APIs). While these have advanced and matured sufficiently to enable embedded finance to become viable, it is not the case in all markets indicating that...
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Company Insights
BNP Paribas – Enterprise Tech Ecosystem Series
BNP Paribas is investing in AI, cloud, and other digital technologies to develop solutions that can help optimize its banking processes. The annual ICT spending of BNP Paribas was estimated at $5.8 billion for 2022. A major share of this spending is earmarked for acquiring software, network & communications, and hardware from vendors. BNP Paribas offers a range of retail, corporate, and institutional banking solutions. Its retail banking portfolio consists of digital banking, leasing, and financing, long-term corporate vehicle leasing,...
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Company Insights
Revolut – Tech Innovator Profile
This report provides insight into Revolut, including an overview of the company, coverage of its business model and operations, and biographies of its senior management. Revolut operates an online platform offering alternative banking solutions such as currency exchange, peer-to-peer payments, cryptocurrency trades, and bank transfers.