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Company Insights
NewLiberty Mutual Holdings Company – Digital Transformation Strategies
Liberty Mutual Holdings Company Digital Transformation Strategies Overview Liberty Mutual is utilizing AI and machine learning to improve its underwriting processes. AI, big data, cloud, blockchain, and IoT are among the key technologies under focus for the company. The annual ICT spending of Liberty Mutual was estimated at $1.1 billion in 2023. A major share of this spending is earmarked for acquiring software, network and communications, and hardware from vendors. Liberty Mutual Holding Company (Liberty Mutual) is a property and...
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Company Insights
NewPing An Insurance (Group) Company of China – Digital Transformation Strategies
Ping An Digital Transformation Strategies Overview Ping An is tapping into the power of artificial intelligence (AI) to improve its business efficiency. AI, big data, cloud, and blockchain are among the key technologies under focus for the company. The annual ICT spending of Ping An was estimated at $2.8 billion in 2023. A major share of this spending is earmarked for acquiring software, network and communications, and hardware from vendors. Ping An Insurance (Group) Company of China (Ping An) is...
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Sector Analysis
NewInsurance Broker Market Size and Analysis by Region, Regulatory Trends, Competitive Landscape and Forecast to 2028
Insurance Broker Market Report Overview Brokers’ written premiums are estimated to be $1,341.2 billion in 2024. The growing complexity of risks and disruptions and the launch of data-driven products and services leveraging innovative technologies will promote the brokers’ written premium growth at a CAGR of more than 7% during 2024-2028. Currently, brokers actively incorporate environmental, social, and governance (ESG) principles into their businesses to cater to clients. Brokers such as Marsh, WTW, Truist Insurance Holdings, and Gallagher have committed to...
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Sector Analysis
NewLithuania Insurance Industry – Key Trends and Opportunities to 2028
GlobalData’s 'Lithuania Insurance Industry: Key Trends and Opportunities to 2028’ report provides in-depth market analysis, information, and insights into the Lithuania insurance industry. The report provides a detailed outlook by product category for the Lithuania insurance industry. It provides values for key performance indicators such as gross written premium, penetration, premium accepted and ceded, profitability ratios, and premium by line of business, during the review period (2019–23) and forecast period (2024–2028). The report also analyzes distribution channels operating in the...
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Macroeconomic Analysis
NewBelgium PESTLE Insights – A Macroeconomic Outlook Report
Financial intermediation, real estate, and business activities contributed 30.6% to the gross value added (GVA) in 2023, followed by mining, manufacturing, and utilities (17.8%) and wholesale, retail, and hotel activities (12.8%). In nominal terms, the three sectors are expected to grow by 3.8%, 3.0%, and 5.1%, respectively, in 2024. Three major cities in Belgium accounted for 43.7% of the country’s population and 52.9% of GDP in 2023, according to GlobalData.
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Analyst Opinions
NewUnited Kingdom (UK) Whole of Life Assurance Distribution Dynamics and Future Market, 2023 Update
The United Kingdom (UK) Whole of Life Assurance Market Report Overview Consumers are struggling to find the information they need on their insurance providers’ sites. This resulted in a decline in consumers visiting their existing provider’s website in 2023 compared to 2022. The United Kingdom (UK) whole of life assurance market research report explores consumer purchasing preferences for whole of life assurance, as well as their changes over time. It identifies what is most influential to customers when purchasing a...
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Analyst Opinions
NewUnited Kingdom (UK) Personal Lines Insurance Distribution Dynamics and Future Market, 2023 Update
United Kingdom (UK) Personal Lines Insurance Market Report Overview The direct channel was the preferred choice for personal insurance purchases in the UK in 2023. Consumers are increasingly opting for online insurance purchases driving insurers and distributors to continue enhancing their online capabilities. Consumers prioritize affordability and trustworthiness when selecting an insurance provider, regardless of distribution channel. Hence, across all lines of distribution, the primary factors influencing consumers’ choice is either related to the cost of premiums or the provider’s...
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Analyst Opinions
NewUnited Kingdom (UK) Income Protection Insurance Distribution Dynamics and Future Market, 2023 Update
United Kingdom (UK) Income Protection Insurance Market Report Overview Price is a prominent factor in the consumer’s decision-making process while purchasing insurance. Hence, in 2023, price comparison websites (PCW) remained their preferred pre-purchase activity. The proportion of consumers who visited their existing provider’s website and researched via broker/insurer websites increased in 2023 compared to the previous year. This suggests that consumers are seeking more detailed information from provider sites. The United Kingdom (UK) Income Protection Insurance market research report provides...
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Sector Analysis
NewSlovakia Cards and Payments – Opportunities and Risks to 2028
Slovakia Cards and Payments Market Report Overview The annual value of card transactions in the Slovakia cards and payments market was $27.6 billion in 2023. The value will grow at a CAGR of more than 7% during 2024-2028 owing to the growing adoption of contactless cards for payments. Slovakia Card Transactions Outlook, 2023-2028 ($ Billion) Buy the Full Report for More Information on the Slovakia Cards and Payments Market Forecast Download a Free Sample Report The Slovakia cards and payments...
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Company Insights
NewFiserv – Digital Transformation Strategies
Fiserv Digital Transformation Strategies Overview Fiserv has been focusing on using artificial intelligence, big data, blockchain, cloud, fintech, cryptocurrencies, mobile payments, online payments, open banking, digital banking, and real-time payments to digitally transform its operations. The annual ICT spending of Fiserv was estimated at $1.3 billion for 2023. A major share of this spending is earmarked for acquiring software, ICT services, and network and communications. Fiserv offers payments and financial services technology solutions to various clients around the world, including...
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