GlobalDataFinancialServices, Author at Life Insurance International

RAC wise to target younger and older motor insurance customers with telematics policies

GlobalDataFinancialServices — Fri, 27 Jun 2025 14:22:59 +0000

GlobalData’s survey found that both telematics and pay-per-mile insurance policies were effective ways of increasing customer satisfaction.

The post RAC wise to target younger and older motor insurance customers with telematics policies appeared first on Life Insurance International.

Aviva to accelerate growth with landmark acquisition of Direct Line

GlobalDataFinancialServices — Thu, 26 Jun 2025 16:04:10 +0000

Aviva is the largest general insurance player in the UK; accounting for 9.7% of GWP in 2023 as per GlobalData’s UK Top 25 General Insurance Competitor Analytics.

The post Aviva to accelerate growth with landmark acquisition of Direct Line appeared first on Life Insurance International.

The Iran conflict will push brokers to re-evaluate geopolitical risk

GlobalDataFinancialServices — Wed, 25 Jun 2025 14:30:57 +0000

GlobalData’s 2025 UK Broker Insurance Survey reveals that only 8% of brokers identify political instability as the biggest threat to their business.

The post The Iran conflict will push brokers to re-evaluate geopolitical risk appeared first on Life Insurance International.

FC Barcelona’s data compromised in ransomware attack on insurer

GlobalDataFinancialServices — Mon, 23 Jun 2025 11:31:03 +0000

Asefa, the Madrid-based subsidiary of French insurer SMABTP, is the latest organisation to be targeted by the ransomware group Qilin.

The post FC Barcelona’s data compromised in ransomware attack on insurer appeared first on Life Insurance International.

Motor insurance premiums drop despite industry expectations

GlobalDataFinancialServices — Tue, 10 Jun 2025 13:02:23 +0000

This decline in motor insurance premiums can be attributed to several factors, including a reduction in inflation and heightened competition within the industry.

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Rebuilding trust and simplifying insurance will win over the next generation

GlobalDataFinancialServices — Mon, 09 Jun 2025 13:29:04 +0000

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UK brokers expect strong growth in cyber insurance as business risks escalate

GlobalDataFinancialServices — Tue, 27 May 2025 16:43:26 +0000

While awareness is clearly increasing, this has not yet translated into widespread adoption of cyber insurance.

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Consumer appetite to drive leak detector growth coupled with home insurance policies

GlobalDataFinancialServices — Tue, 20 May 2025 14:53:50 +0000

GlobalData survey data shows that US consumers across all household income bands can see value in water leak detectors and many are looking to install one within two years.

The post Consumer appetite to drive leak detector growth coupled with home insurance policies appeared first on Life Insurance International.

Demand for AI error insurance grows

GlobalDataFinancialServices — Mon, 19 May 2025 16:00:16 +0000

A GlobalData poll conducted on Life Insurance International in Q1/Q2 2024 explored the appetite among business executives for several insurance products.

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Brokers demand greater use of technology as they partner with insurtechs

GlobalDataFinancialServices — Mon, 19 May 2025 10:09:00 +0000

To remain competitive and meet broker expectations, insurers must accelerate their digital transformation efforts.

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