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Sector Analysis
St Lucia Insurance Industry: Key Trends and Opportunities to 2025
The total gross written premium of the insurance market in Saint Lucia was valued at $92.4 million in 2020. The market is projected to grow at a CAGR of more than 2% during the period 2021-2025. The Saint Lucian insurance industry was severely impacted by the pandemic's unprecedented conditions. Job losses and a decline in disposable income because of company closures due to the pandemic had a severe influence on Saint Lucia's life insurance segment. Due to lockdown measures and...
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Sector Analysis
Guyana Insurance Industry - Key Trends and Opportunities to 2026
The Guyana insurance market size was $73.7 million in 2021. The market is expected to grow at a CAGR of more than 8% from 2021 to 2026. The Guyana insurance market research report provides a detailed outlook by product category for the Guyanese insurance industry. It provides values for key performance indicators such as gross written premium, penetration, premium ceded, profitability ratios, and premium by line of business, during the review period and forecast period. The report also analyzes distribution...
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Company Insights
Aetna - Digital Transformation Strategies
Aetna has been focusing on AI-led innovation as a part of its digital transformation strategies. The annual ICT spending of Aetna was estimated at $2.6 billion in 2021. A major share of this spending is earmarked for acquiring software, hardware, and consulting from vendors. Aetna is a healthcare benefits company that offers a range of traditional, voluntary, and consumer directed health insurance products and related services. The Aetna digital transformation strategies report will act as a reference point to understand...
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Sector Analysis
India Reinsurance - Key trends and Opportunities to 2023
GlobalData’s 'India Reinsurance - Key trends and Opportunities to 2023’ report provides in-depth market analysis, information and insights into the Indian reinsurance segment. This report provides a detailed outlook by product category for the Indian reinsurance segment. It provides values for key performance indicators such as premium accepted, premium ceded and cession rates, during the review period (2014-2018). The report brings together GlobalData’s research, modeling and analysis expertise, giving reinsurers access to information on segment dynamics and competitive advantages, and...
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Case Studies
GEICO’s Implementation of Microsoft Azure - Use Case
Many online insurance companies are still dependent on legacy infrastructure, which has proven to be reliable over the years. Nevertheless, excessive dependence on legacy systems with obsolete software and outdated features is placing companies at risk of poor customer experience in the insurance sector. Additionally, transforming customer expectations is creating a void, which insurers stuck to legacy operations are unable to address. Thus, online insurers are seeking ways to streamline and modernize their legacy systems to mitigate issues associated with...
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Sector Analysis
Indonesia Reinsurance - Key trends and Opportunities to 2023
GlobalData’s 'Indonesia Reinsurance - Key Trends and Opportunities to 2023’ report provides in-depth market analysis, information and insights into the Indonesian reinsurance segment. This report provides a detailed outlook by product category for the Indonesian reinsurance segment. It provides values for key performance indicators such as premium accepted, premium ceded and cession rates, during the review period (2014-2018). The report brings together GlobalData’s research, modeling and analysis expertise, giving reinsurers access to information on segment dynamics and competitive advantages, and...
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Government & Regulation
Employee Benefits in Japan 2020
The Japanese social security system is designed to assure a minimum standard of living to its citizens, as well as protection from social and economic risks. It consists of the following components: a public pension system, health services, and personal social services for the elderly and the disabled, family policy to support working women, employment of senior workers, and public assistance. Japan follows a multi-tier pension system, which includes public and private pension schemes. The public pension and healthcare systems...
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Government & Regulation
Employee Benefits in Philippines 2020
The Philippines is seen as one of Asia’s most socially progressive countries, because of its commitment to providing citizens with secured livelihoods; the Philippine constitution guarantees individuals complete social, economic and cultural rights. Female employees and the primary labor force are granted special rights. However, the country has a long way to go in terms of providing full social entitlement to all citizens. Furthermore, the distribution of benefits is unbalanced, and only a small proportion of the population benefits. The...
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Sector Analysis
Whole of Life Assurance - United Kingdom (UK) Protection Insurance 2020
Whole of life assurance accounts for the second-largest share of the protection market. The whole of life market grew in 2019. The majority of policies sold are guaranteed acceptance, and tend to be sold unadvised. Changes to electronic communications are bound to make it harder to reach out to potential customers. Meanwhile, independent financial advisors dominate the underwritten space. COVID-19 has led to delays in completing sales and has forced life insurers to tighten their underwriting guidelines. The market is...
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Analyst Opinions
COVID-19 Impact on Mapfre SA
GlobalData’s 'COVID-19 Impact on Mapfre SA ’ report provides a snapshot of the impact on the Mapfre SA in light of the COVID-19 outbreak. This report provides in-depth company analysis, information and insights of COVID-19 impact on Mapfre SA. It provides the impact of revised GDP growth estimates on growth prospects of Mapfre SA, exposure of the product portfolio and exposure by country/region due to virus outbreak. The report brings together GlobalData’s research, modeling and analysis expertise, giving access to...
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