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Product Insights
NewUnited Kingdom (UK) Travel Insurance Distribution Dynamics by Channels and Future Market, 2023 Update
United Kingdom (UK) Travel Insurance Market Report Overview The UK travel insurance market research report offers insights into consumer purchasing decisions within the travel insurance scenario and discusses their influence on the market over the next few years. In 2023, more than 24% of travel insurance purchases were via PCWs, which suggests that consumers want more details from their providers about their coverage levels, policy options, and premium pricing. Additionally, single-trip policies maintained their popularity during the year Leading Distribution...
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Sector Analysis
NewHong Kong (China SAR) Retail Banking Analysis by Consumer Profiles, 2023 Update
Hong Kong (China SAR) Retail Banking Consumer Profile Report Overview A few distinct personas have been created through a cluster analysis of GlobalData’s 2023 Financial Services Consumer Survey to understand Hong Kong (China SAR) survey respondents and their attitudes, preferences, and unmet needs. The five personas have been created based on age, relationship status, and preference for digital or traditional providers. Each of these profiles is then individually analyzed to describe the unique features of its preferences and product holding....
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Analyst Opinions
NewInnovations in Accounts and Cash Management – Trends, Drivers and Opportunities, 2024
This report provides a roundup of innovations within multiple retail banking and wealth management markets, with particular focus on savings accounts and cash management. The report explores the shifts in customer behavior regarding bank branches, spending drivers, financial education, savings, investment platforms, and robo-advisors. Despite a challenging year, there was growth in assets among the emerging and mass affluent, fueling interest in the segments. Specifically, markets in the Association of Southeast Asian Nations (ASEAN) are experiencing strong growth, meaning banks...
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Macroeconomic Analysis
NewArgentina PESTLE Insights – A Macroeconomic Outlook Report
Mining, manufacturing and utilities activities contributed 24.0% to the gross value added (GVA) in 2023, followed by wholesale, retail and hotels activities (21.9%), financial intermediation, real estate and business activities(14.1%). In nominal terms, the three sectors are expected to grow by 61.9%, 61.9% and 61.0%, respectively, in 2024. Four major cities comprised 39.2% of the country’s population in 2023 and the highest concentration of economic activities are in Buenos Aires, the capital of Argentina, according to GlobalData.
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Product Insights
NewUnited Kingdom (UK) Pet Insurance Distribution Dynamics by Channels and Future Market, 2023 Update
This report explores how purchasing preferences have changed over time in the UK pet insurance market. It discovers what is most influential to customers when purchasing a pet insurance policy and reveals the most popular providers in the market. New trends and innovations are highlighted, as well as the key factors that will influence the market over the next few years. More than half of pet insurance policyholders preferred the direct channel for dog insurance in 2023. The channel accounted...
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Thematic Analysis
NewSocial Media in Banking – Thematic Intelligence
This report maps out the prospects of social media giants for a deep assault on financial services, and how incumbent banks might respond. To that end, we share findings from GlobalData’s 2023 Financial Services Consumer Survey, which covers consumer openness to a wide variety of different types of financial services (such as current accounts, savings accounts, personal loans, and mortgages) from different provider types (including social media giants), split by various demographic variables. This helps identify the best attack vectors...
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Macroeconomic Analysis
NewBrazil PESTLE Insights – A Macroeconomic Outlook Report
Mining, manufacturing and utilities activities contributed 20.8% to the gross value added (GVA) in 2023, followed by financial intermediation, real estate and business activities (16.6%), wholesale, retail and hotels (14.2%). In nominal terms, the three sectors are expected to grow by 5.6%, 6.1% and 5.7%, respectively, in 2024. Sao Paulo, Rio de Janeiro, Belo Horizonte are the major cities of Brazil that contributed 27.3% to the country’s GDP and comprised 19.9% of the country’s population in 2023, according to the...
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Company Insights
NewGlobal Payments – Competitor Profile
Global Payments is a global merchant acquiring and payment processing company that connects merchants directly to all major and local card schemes and alternative payment methods. The company enables merchants to accept payments through both online and offline channels. Global Payments offers services to four million merchant locations globally, enabling them to accept payments via 150 payment methods (including digital wallets, card payments, and local and alternative payment methods). In addition to ecommerce payment acceptance for individual merchants, Global Payments...
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Thematic Analysis
NewPersonalization in Insurance – Thematic Intelligence
In recent years, the insurance market has undergone a significant transformation driven by a combination of macroeconomic shifts and rapid technological progress. Against a backdrop of global uncertainties such as geopolitical tensions and economic challenges, insurers have faced a landscape characterized by both obstacles and opportunities. Notably, personalization has emerged as a key focus area, with insurers increasingly harnessing the power of data analytics, artificial intelligence, and machine learning to tailor their offerings to the unique needs of individual customers....
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Company Insights
NewAfterpay – Competitor Profile
Afterpay offers buy now pay later (BNPL) services, enabling consumers to pay for purchases in installments. Initially an online-only payment solution, it is now also available for in-store purchases in select countries. Founded in Australia in October 2014, Afterpay subsequently expanded its operations by launching in New Zealand (May 2017), the US (May 2018), the UK (under the Clearpay brand name) (August 2018), and Canada (August 2020). In addition to the UK, Clearpay was also available in other European markets...
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