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Company Insights
Willis Towers Watson – Tech Innovator Profile
This report provides insight into Willis Towers Watson, including an overview of the company, coverage of its business model and operations, and biographies of its senior management. Willis Towers Watson (WTW) is a global advisory, broking, and solutions provider. The company develops and offers a range of solutions that help clients manage risk and optimize benefits while increasing the power of capital.
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Sector Analysis
United Kingdom (UK) Commercial Motor Insurance Market Trends, Competitor Dynamics and Opportunities
The gross written premium (GWP) in the UK commercial motor insurance market was valued at GBP5.65 billion in 2022. The UK commercial motor insurance market experienced a marginal decline of 0.3% in gross written premiums (GWP) in 2022 when compared to the preceding year. However, a sharp rise in premiums throughout 2023 will cause significant growth in the market. According to GlobalData forecasts, the UK commercial motor insurance market will bounce back in 2023, driven by soaring premiums due to...
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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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Thematic Analysis
Geopolitics in Insurance – Thematic Intelligence
Geopolitics in Insurance Thematic Report Overview The Russia – Ukraine war, supply chain disruptions caused due to growing geopolitical tensions, and rising civil unrest due to poor global economic scenario are some of the factors that are likely to put increased pressure on insurers line of business. For instance, Russia’s invasion of Ukraine will have further ramifications for insurers. Estimates suggest these losses could be as high as more than $19 billion for the industry. As companies look to engage...
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Thematic Analysis
Cyber Insurance – Thematic Intelligence
Cyber Insurance Market Analysis Overview Cyber insurance provides cover against first- and third-party financial losses arising from damage to, or loss of data from, IT systems. Cyber risks are growing for SMEs of all sizes and this fact is even acknowledged by SMEs themselves. While the pandemic has raised the cyber risks most businesses face, it has also increased the likelihood that many SMEs will purchase cyber insurance. The tough economic climate may be holding some businesses back from making...
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Company Insights
BUPA – Digital Transformation Strategies
BUPA Digital Transformation Strategies Report Overview The annual ICT spending of British United Provident Association Ltd (Bupa) was estimated at $414.6 million for 2022. A major share of this spending is earmarked for acquiring software, ICT services and networking & communications from vendors. Bupa is a global healthcare company. Its core business is health insurance for corporate and individual customers, and small and medium-sized enterprises (SMEs). The company also offers healthcare services through its hospitals, digital channels, aged care facilities,...