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Sector Analysis
NewCzech Republic Statutory and Private Employee Benefits, 2024 Update
Czech Republic Statutory and Private Employee Benefits Report Overview The Czech Republic has a well-developed social security system. Employers, employees, and self-employed people contribute to the social security schemes. The country’s social security system is built on three pillars: compulsory social insurance, state social support system, and social assistance. Compulsory social insurance covers pension insurance, health insurance, and the national employment policy system. The non-contributory state social support system supports families with dependent children. The final pillar, tax-financed social assistance,...
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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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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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Government & Regulation
NewChile Insurance Industry – Governance, Risk and Compliance
Chile Insurance Industry Regulation Overview The Commission for the Financial Market (Comisión para el Mercado Financiero - CMF) acts as the regulator of the Chile insurance industry while the International Association of Insurance Supervisors (IAIS), the Association of Insurance Supervisors Latin America (ASSAL), and the Insurance Association of Chile (AACH) acts as the other supervisors within the industry. The Chile Insurance Industry governance regulation report provides a detailed analysis of the insurance regulations for life, property, motor, liability, personal accident...
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Government & Regulation
NewJapan Insurance Industry – Governance, Risk and Compliance
Japan Insurance Industry Regulation Overview The Financial Services Agency (FSA) and the Local Finance Bureau (LFB) of the Ministry of Finance act as the regulator of the Japan insurance industry. The other regulatory bodies overseeing the industry are the International Association of Insurance Supervisors (IAIS), the General Insurance Association of Japan (GIAJ), and the Life Insurance Association of Japan (LIAJ). The Japan Insurance Industry governance regulation report provides a detailed analysis of the insurance regulations for life, property, motor, liability,...
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Government & Regulation
NewSlovenia Insurance Industry – Governance, Risk and Compliance
Slovenia Insurance Industry Regulation Overview The Insurance Supervision Agency (Agencija za Zavarovalni Nadzor — AZN) regulates the Slovenia insurance industry. The International Association of Insurance Supervisors (IAIS), the European Insurance and Occupational Pensions Authority (EIOPA), The Federation of European Risk Management Associations (FERMA), and the Slovenian Insurance Association (SIA) are the other regulatory and supervisory bodies that oversee the operations of the Slovenian insurance industry. The Slovenia insurance industry governance regulation research report provides a detailed analysis of the regulations...
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Sector Analysis
NewSpain General Insurance Market Size and Trends by Line of Business, Distribution, Competitive Landscape and Forecast to 2028
Spain General Insurance Market Report Overview The gross written premium of the Spain general insurance market was EUR42.9 billion ($46.4 billion) in 2023. The general insurance sector will achieve a CAGR of more than 5% during 2024-2028, driven by the growing demand for health insurance and vehicle sales. The Spain general insurance market research report provides in-depth market analysis, including insights into the lines of business in the country’s general insurance industry. Furthermore, the report provides a detailed outlook by...
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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...