Non-Life Insurance Sector Scorecard – Thematic Intelligence

COVID-19 has been the standout theme across global life as well as the non-life insurance industry since the outbreak of the pandemic in 2020. Most countries have now moved on from restrictions, and while shifts in consumer behavior are likely to be permanent, COVID-19 is no longer the clear leading theme across the industry.

To help our clients gain a competitive advantage, GlobalData has developed a unique thematic research ecosystem. This is a single, integrated, global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. The non-life insurance sector scorecard thematic intelligence report provides a top-down, comprehensive outlook for key players in the non-life insurance sector over the next two years, based on the key themes set to transform their industry landscape.

Non-Life Insurance Theme Map

Some of the biggest themes that are impacting the non-life insurance sector are ESG, COVID-19, and personalization. The thematic map highlights the current themes that are driving share prices and reflects an up-to-date view of the major issues affecting businesses.

ESG: ESG is a key issue for an insurer’s public relations, its profitability, and how it attracts and retains staff. Consumers and businesses are more concerned with the ESG records of companies they purchase from or partner with, so it is essential to be proactive within this theme. Swiss Re and AXA are leading in this theme in the non-life insurance sector.

COVID-19: COVID-19 has been the defining issue for the insurance industry over the past couple of years. Increased awareness of pandemics and the damage they can cause should help insurers to convince customers of the importance of a range of policies, especially business interruption and health policies. Clear wording will be essential after a range of disputes following the initial lockdowns. Cuvva and Tapoly are leading in this theme in the non-life insurance sector.

Personalization: Personalization is a key theme within insurance. This is because businesses and consumers want policies to be as efficient and tailored as possible. This requires data from customers., which is a barrier for some. But more and more will be willing to exchange data to get cheaper policies. Sompo Holdings and Swiss Re are leading in this theme in the non-life insurance sector.

To unlock the biggest themes driving growth in the non-life insurance industry, download a free report sample

Non-Life Insurance Sector Scorecard

At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Our sector scorecards have three screens: a thematic screen, a valuation screen, and a risk screen. The non-life insurance sector scorecard has three screens:

• The thematic screen ranks companies based on overall leadership in the 10 themes that matter most to their industry, generating a leading indicator of future performance.
• The valuation screen ranks our universe of companies within a sector based on selected valuation metrics.
• The risk screen ranks companies within a particular sector based on overall investment risk.

Non-Life Insurance Sector Scorecard – Thematic Screen

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Non-Life Insurance Scorecards Methodology

Our scores have been developed using data from several databases in GlobalData thematic research ecosystem. This is a dynamic score, and it will continue to be monitored and updated quarterly.

• Viewing the world’s data by themes: GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors.
• Traditional research: Companies are impacted by multiple themes that frequently conflict with one another. The difficulty in picking tomorrow’s winners and losers in any industry arises from the sheer number of technology cycles – and other themes – that are in full swing right now.
• Thematic engine: This identifies which companies are best placed to succeed in a future filled with multiple disruptive threats.

Non-Life Insurance Sector Scorecard Report Overview

Key Highlights

• COVID-19 had been the standout theme across the global insurance industry since the outbreak of the pandemic in 2020. The majority of countries have now moved on from restrictions, and while shifts in consumer behavior are likely to be permanent, COVID-19 is no longer the clear leading theme across the industry.
• ESG will be the most important theme in which incumbent insurers will establish themselves as leaders. Insurers’ stance on climate change will become increasingly important as younger generations grow up, enter the insurance markets, and become decision-makers within businesses.
• Personalization is another leading theme that prospective market leaders will need to excel in. This will become even more essential due to ongoing cost-of-living crises. Insurers will need to be flexible to keep penetration rates up

Reasons to Buy

• Benchmark yourself against the rest of the market.
• Discover market leaders and laggards across 10 essential themes to non-life insurance.
• Discover what the 10 key themes are and understand why we believe them to be so crucial.