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Product Insights
United Kingdom (UK) Private Motor Insurance Market Size, Trends, Competitor Dynamics and Opportunities
UK Private Motor Insurance Market Report Overview The gross written premium of the United Kingdom (UK) private motor insurance market size was valued at GBP12.2 billion in 2021 and is expected to achieve a CAGR of more than 1% during 2021-2026. The cost-of-living crisis and the Russia/Ukraine conflict will both continue to impact the UK motor insurance market. The UK private motor insurance market research report explores the claims landscape in 2021, as well as the motor market and upcoming...
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Sector Analysis
The Rise of Big Data in Insurance
Data has undoubtedly altered the way the insurance industry works, enabling companies to access more information about customers and allowing them to offer the potential for cheaper premiums and rewards. Telematics, wearables, and connected homes are the main established examples. The health sector is where big data’s impact is most evident, with wearable technology increasingly used by large insurers, which offer cheaper premiums, reward schemes and health benefits in exchange for personal data. Statista has forecast that the wearable device...
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