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Thematic Analysis
Future of Work in Insurance - Thematic Intelligence
Future of Work in Insurance Thematic Report Overview From an insurance perspective, the future of work is a mixture of new technologies with emerging macroeconomic and lifestyle trends. The way insurers operate themselves, their adaptation to key trends, and their utilization of the emerging technologies available will be impacted by the future of work. Additionally, the impact of these trends and technologies on industries around the world and their effects on insurance will also see the effects of the future...
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Track & Monitor
Insurance Venture Capital Investments in Q2 2023
GlobalData's Insurance VentureView report provides detailed coverage of the global venture capital investment activity in Insurance industry in Q2 2023, covering key insights and trends.
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Thematic Analysis
Geopolitics in Insurance - Thematic Intelligence
Geopolitics in Insurance Thematic Report Overview The Russia – Ukraine war, supply chain disruptions caused due to growing geopolitical tensions, and rising civil unrest due to poor global economic scenario are some of the factors that are likely to put increased pressure on insurers line of business. For instance, Russia’s invasion of Ukraine will have further ramifications for insurers. Estimates suggest these losses could be as high as more than $19 billion for the industry. As companies look to engage...
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Sector Analysis
Saint Lucia Insurance Industry - Key Trends and Opportunities to 2027
Saint Lucia Insurance Industry Report Overview The total gross written premium (GWP) in the Saint Lucia insurance industry was XCD264.5 million in 2022 is expected to record a CAGR of more than 5% during 2023-2027. Saint Lucia’s economy is driven by tourism. A rebound in the tourism sector resulted in real GDP growth of 15.9% in 2022. Tax revenue from higher commodity prices has also driven growth. The services sector accounted for 85% of gross value added in 2022. However,...
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Company Insights
The Progressive Corporation - Digital Transformation Strategies
Progressive Corporation Digital Transformation Strategies Report Overview The Progressive Corporation is tapping into key disruptive technologies, including AI, big data, insurtech, and Internet of Things (IoT), among others, to digitally transform its operations. The annual ICT spending of The Progressive Corporation is estimated at $2.2 billion for 2022. A major share of this spending is earmarked for acquiring software, hardware, and ICT services from vendors. The Progressive Corporation (Progressive) is a holding company comprising insurance and non-insurance subsidiaries and affiliates....
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Sector Analysis
Algeria Insurance Industry - Key Trends and Opportunities to 2027
Algeria Insurance Market Insights The total gross written premiums (GWP) in the Algeria insurance market were estimated at DZD204.2 billion in 2022 and is anticipated to garner a CAGR of more than 6% during the projected period. The Algeria insurance market research report provides a detailed market outlook by product category. 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...
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Thematic Analysis
Electric Vehicles (EV) in Insurance - Thematic Research
EV in Insurance Thematic Report Overview The growth in the electric vehicle (EV) insurance market is influenced by several variables, such as falling EV prices, longer battery ranges, and more global charging infrastructure, which all drive greater demand for EVs. The demand for insurance cover specially designed for EVs will increase as these vehicles become more widely available and make up more of the motor parc. The growth of EVs poses both an opportunity and a challenge to the auto...
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Sector Analysis
Armenia Insurance Industry - Key Trends and Opportunities to 2027
Armenia Insurance Market Insights The total gross written premiums (GWP) in the Armenia insurance market were estimated at AMD62.2 billion in 2022, as per the latest report by GlobalData Plc. The market is anticipated to garner a CAGR of more than 8% during the projected period. The Armenia insurance market research report provides a detailed market outlook by product category. It provides values for key performance indicators such as gross written premium, penetration, premium accepted and ceded, profitability ratios, and...
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Analyst Opinions
Open Insurance Market Analysis, Key Trends and Strategies, Line of Business and Future Implications
Open Insurance Market Overview Open insurance is an emerging model of insurance whereby insurers can improve efficiencies, revenues, and business partnerships by sharing data resources with other organizations. This model allows insurers to create new value-added services and propositions for customers, strengthen relationships, diversify revenue streams, and bring their products into the digital era. Insurers must accelerate their digital capabilities to meet the modern demands of both consumers and tech-driven ecosystem orchestrators. The Open Insurance Ecosystem Buy the Full Report...
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Thematic Analysis
Metaverse in Insurance - Thematic Intelligence
Metaverse in Insurance Thematic Report Overview The metaverse is a virtual world where users share experiences and interact in real time within simulated scenarios. It is still largely conceptual but could transform how people work, shop, communicate, and consume content. While the metaverse is still in its infancy, it presents new opportunities for insurers. A virtual world involving the sale of digital assets will inevitably require cyber insurance for protection against metaverse commerce risks. These cyber policies must cover virtual...
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