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Sector Analysis
NewIndia Life Insurance Market Size and Trends by Line of Business, Distribution, Competitive Landscape and Forecast to 2028
GlobalData’s 'India Life Insurance: Key Trends and Opportunities to 2028’ report provides in-depth market analysis, information, and insights into India's life insurance segment. The report provides a detailed outlook by product category for India's life insurance segment. It provides values for key performance indicators such as gross written premium, penetration, and premium ceded and cession rates during the review period (2019–23) and forecast period (2024–28). The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of...
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Sector Analysis
NewInsurance Broker Market Size and Analysis by Region, Regulatory Trends, Competitive Landscape and Forecast to 2028
GlobalData’s '2024 Global Insurance Broker Insurance Market’ insight analysis report provides in-depth market analysis, information, and insights into the global and regional insurance brokers. The report provides a detailed outlook of the Global insurance brokers. It provides values for key performance indicators such as written premium and claims during the review period (2019–23) and forecast period (2024–28). The report gives a comprehensive overview of the global and regional insurance brokers, key lines of business, key trends, drivers, challenges, regulatory overview...
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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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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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Thematic Analysis
NewAutonomous Vehicles in Insurance – Thematic Intelligence
Autonomous Vehicles in Insurance Report Overview The emergence of Level 4 and 5 autonomous vehicles will alter how liability is determined in the motor insurance sector. Countries are updating traffic regulations to consider how self-driving vehicles should be legislated once driver fault is no longer a cause of incidents. Before Level 4 autonomous vehicles become mainstream, vehicles will be increasingly fitted with advanced driver assistance systems (ADAS) such as autonomous emergency braking (AEB) and automated lane-keeping systems (ALKS). Many insurers...
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Analyst Opinions
NewUnited Kingdom (UK) Bancassurance Distribution Dynamics and Future Market, 2023 Update
United Kingdom (UK) Bancassurance Distribution Market Overview Bancassurance represents a strategic alliance between banks and insurance companies, designed to offer customers the convenience of purchasing insurance products in conjunction with banking services. The banking channel accounts for the highest share of total personal and commercial lines distribution in 2023. App purchases through the bank channel increased with no other channel recording a higher proportion of purchases via apps. This could be because of banks’ intensified focus on digitalization, resulting in...
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Product Insights
NewUnited Kingdom (UK) Private Landlord Insurance Market Analysis and Competitive Landscape
United Kingdom (UK) Private Landlord Insurance Market Report Overview The UK residential landlord insurance market gross written premium (GWP) in 2023 was estimated to be GBP911.7 million. The market has mainly been driven by the effects of higher inflation and supply chain disruptions driving up the cost of rebuilding property. and will grow at a CAGR of more than 3% during 2023-2028. The growth is attributed to the effects of higher inflation and supply chain disruptions driving up the cost...