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Analyst Opinions
NewWealth Management Trends and Themes in 2024
This report informs wealth managers and their strategy teams of the key developments emerging across the industry and how best to respond to these changes. The report examines in detail key areas such as the crypto hype, HNW asset allocation strategies, profitability, and ESG, with analysis supported by findings from GlobalData’s propriety surveys of wealth managers and investors. 2024 promises to be another challenging year. Economic growth remains slow, geopolitical tensions are mounting, and inflation remains stubbornly high in key...
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Sector Analysis
NewPeru Insurance Industry – Key Trends and Opportunities to 2028
Peru Insurance Market Report Overview The gross written premium of the Peru insurance market was PEN18.9 billion ($4.8 billion) in 2022. The market is expected to achieve a CAGR of more than 6% during 2023-2027. The following are some of the key highlights of the Peru insurance market: Life insurance was the leading revenue-generating Peruvian insurance segment in 2022. In 2022, pension was the leading line of business in the Peruvian life insurance market. Rimac Seguros y Reaseguros was the...
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Analyst Opinions
NewBroker Distribution Insight 2024 – Which Insurers Lead the Way?
This report explores which insurers can be considered market leaders from the point of view of commercial brokers. The report looks at factors that brokers find most important when selecting an insurer with which to place business, analyzing how this has changed over the course of the cost-of-living crisis. Across 11 different aspects questioned, brokers select the insurer they consider to be best in class. The four leading insurers are discussed individually, as well as each separate category. The top...
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Company Insights
NewVenmo – Competitor Profile
Founded in 2009, Venmo initially allowed users to send money via SMS. In late 2010, a Venmo app was launched. This was initially a payment service that focused on P2P payments and simple purchase transactions, such as payments to food trucks. Over the years, Venmo has expanded its use cases, allowing users to make payments to a wider range of merchants both online and offline via Venmo. Users can top up their accounts and link their app account to their...
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Company Insights
NewApple Pay – Competitor Profile
Apple Pay is a mobile payment solution launched by Apple in October 2014. It allows users to store their payment card details to use for future payments. Users hover their mobile device near a contactless terminal and authenticate the transaction via Touch ID, Face ID, or PIN depending on the Apple device used. The solution is accepted at millions of retail outlets globally and supports all major payment networks. Apple Pay is supported by more than 6,600 banks and financial...
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Analyst Opinions
NewPremium Banking Services Tracker H1 2024
This report tracks the products and services offered by different premium banking brands in five markets: the US, the UK, the UAE, Hong Kong (China SAR), and Singapore. Eight different categories of products and services are studied for each bank, with scores issued based on the comprehensiveness of their offerings. In addition, banks in each market are ranked to identify the leaders and laggards. Premium banking markets vary across the world. For example, the UK and the US tend to...
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Macroeconomic Analysis
NewLuxembourg PESTLE Insights – A Macroeconomic Outlook Report
Financial intermediation, real estate, and business activities contributed 47.1% to the gross value added (GVA) in 2023, followed by transport, storage and communication (11.6%) and wholesale, retail, and hotel activities (10.1%). In nominal terms, the three sectors are expected to grow by 5.1%, 5.6%, and 5.5%, respectively, in 2024. According to the Central Bank of Luxembourg, Luxembourg’s direct investment position was at $994.9 billion in Q4 2023, compared to the investment of $969.2 billion in Q4 2022. The country had...
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Macroeconomic Analysis
NewGlobal Macroeconomic Outlook – Q2 2024 Update
The global economy is projected to sustain a moderate growth trajectory, with GlobalData forecasting a GDP growth rate of 2.47% in 2024. This marks a slight decrease from the 2.62% recorded in 2023, followed by a modest increase to 2.55% projected for 2025. Tight monetary conditions continue to impact the housing and credit markets. However, the overall global economic activity remains relatively resilient, bolstered by declining inflation rates and improving private sector confidence. Despite these positive indicators, rising geopolitical tensions...
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Thematic Analysis
NewHealth and Wellness in Insurance – Thematic Intelligence
This report explores how insurers are adapting to heightened interest in health and wellbeing. It examines the state of the market for individual policies and group policies separately, covering key market drivers and consumers’ degree of concern around different health and wellbeing aspects. It examines how businesses and employees view different employee benefits, with a focus on those traditionally offered by insurance providers. The report also examines how the industry has responded in terms of new product innovations and which...
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Sector Analysis
NewBancassurance Market Trends and Analysis by Region, Competitive Landscape and Forecast to 2028
GlobalData’s '2024 Global Bancassurance Market Report’ insight analysis report provides in-depth market analysis, information, and insights into the global and regional bancassurance market. GlobalData’s '2024 Global Bancassurance Market Report' provides a detailed outlook of the Global bancassurance market. It provides values for key performance indicators such as written premiums and claims during the review period (2019–23) and forecast period (2024–28). The report gives a comprehensive overview of the global and regional bancassurance space, key lines of business, key trends, drivers,...