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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 size was GWP1.005 billion in 2023. The increased number of policyholders has impacted the market growth in recent years. The UK travel insurance market will grow at a CAGR of more than 3% during 2023-2028. The United Kingdom (UK) travel insurance market research report analyzes the key trends including inflation and emerging technology such as artificial intelligence and parametric insurance. The UK travel insurance market outlook offers...
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Thematic Analysis
Non-Life Insurance Sector Scorecard - Thematic Intelligence
Non-Life Insurance Sector Scorecard Thematic Intelligence Report Overview Artificial intelligence (AI) is the standout theme in the non-life insurance sector. The sharp rise of generative AI in recent years has made it a mega trend within the insurance industry. It offers the potential to transform the way the industry operates and help improve profit margins of leading players. Initially, leading players will focus on customer service and administrative tasks. Improving chatbots can offer effective 24/7 customer service, and a range...
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Product Insights
United Kingdom (UK) Pet Insurance Market Dynamics, Trends and Opportunities
United Kingdom (UK) Pet Insurance Market Report Overview The United Kingdom (UK) pet insurance market size was GBP1.75 billion in 2023. The market grew at a significant rate as compared to 2022. The UK pet insurance market was largely driven by an increase in the number of policyholders, especially for dogs, and an increase in average premiums across all categories. Rising veterinary expenses over 2024 and beyond may compel more risk-averse consumers to opt for insurance as a means of...
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Government & Regulation
Massachusetts Insurance Industry - Governance, Risk and Compliance
Massachusetts Insurance Industry Report Overview The insurance industry in Massachusetts is mainly regulated by the Massachusetts Division of Insurance (DOI). Other bodies that oversee the industry are the International Association of Insurance Supervisors (IAIS), the National Association of Insurance Commissioners (NAIC), the Federal Insurance Office (FIO), the American Property Casualty Insurance Association (APCIA), the National Association of Mutual Insurance Companies (NAMIC), the Property Casualty Insurers of America (PCI), and the Reinsurance Association of America (RAA). The Massachusetts insurance industry research...
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Company Insights
WESCO, International, Inc. - Digital Transformation Strategies
WESCO Digital Transformation Strategies Overview WESCO has been focusing on using big data, artificial intelligence, cloud, electric vehicles, the internet of things, 3D printing, and data centers to digitally transform its operations. The annual ICT spending of WESCO was estimated at $1.4 billion for 2024. A major share of this spending is earmarked for acquiring software, network and communications, and hardware from vendors. WESCO is a Pittsburgh, Pennsylvania-based company offering business-to-business logistics services, distribution, and supply chain solutions. The company...
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Government & Regulation
Florida Insurance Industry - Governance, Risk and Compliance
The report provides insights into the governance, risk, and compliance framework pertaining to the insurance industry in Florida, including: • An overview of the insurance regulatory framework in Florida. • The latest key changes, and changes expected in the country’s insurance regulatory framework. • Key regulations and market practices related to different types of insurance product in the country. • Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in the country. •...
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Government & Regulation
Namibia Insurance Industry - Governance, Risk and Compliance
The report provides insights into the governance, risk, and compliance framework pertaining to the insurance industry in Namibia, including: • An overview of the insurance regulatory framework in Namibia. • The latest key changes, and changes expected in the country’s insurance regulatory framework. • Key regulations and market practices related to different types of insurance product in the country. • Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in the country. •...
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Sector Analysis
Tech Frontiers - The Insurance Edition
Tech Frontiers - The Insurance Edition Report Overview Tech Frontiers: The Insurance Edition' offers an in-depth exploration of these technological developments. The report focuses on high-impact innovations identified through GlobalData’s proprietary Technology Foresights tool, such as automated premium discounting, insurance data analytics, and underwriting AI for insurance applications. Key Innovations in Insurance ·      Automated Premium Discounting ·      Insurance Data Analytics ·      Dynamic Risk Assessment ·      Underwriting AI ·      Smart Vehicle Damage Assessment ·      Property Assessment Drones Enquire & Decide Discover...
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Government & Regulation
Iceland Insurance Industry - Governance, Risk and Compliance
GlobalData’s ‘Iceland Insurance Industry – Governance, Risk and Compliance’ report is the result of extensive research into the insurance regulatory framework in Iceland. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries. The report brings together GlobalData’s research, modeling and analysis expertise, giving insurers access to information on prevailing...
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Analyst Opinions
Texas Insurance Industry - Governance, Risk and Compliance
The report provides insights into the governance, risk, and compliance framework pertaining to the insurance industry in Texas, including: • An overview of the insurance regulatory framework in Texas. • The latest key changes, and changes expected in the country’s insurance regulatory framework. • Key regulations and market practices related to different types of insurance product in the country. • Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in the country. •...
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