All articles by GlobalData Financial
GlobalData Financial
Acorn Group’s Street Cover tackles underinsurance in the UK gig economy
GlobalData surveying has found that over half of UK food delivery drivers lack insurance, prompting Acorn Group to launch Street Cover to address this gap.
Consumers would like to see more diversity in the board rooms of insurers
UK consumers think there should be better representation of women and ethnic minorities on insurance boards.
Consumers willing to pay more for automatic travel insurance as cyber threats disrupt airports
Airports hit by cyber chaos highlight the need for parametric travel cover and growing demand for cyber insurance.
Underwriting and risk profiling as a key insurance area poised for AI advancement
Conducted in Q3 2025 on Verdict Media platforms, a poll found that 45.8% of participants identified underwriting and risk profiling as the sectors within the insurance value chain most likely to benefit from AI.
Younger drivers show stronger engagement with telematics and usage-based insurance
GlobalData’s 2024 UK Insurance Consumer Survey shows that 14.4% of consumers aged 18 to 24 have a PAYG or UBI car insurance policy.
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AI is having tangible outcomes across the insurance value chain
According to a poll conducted by GlobalData in Q3 2025, 45.8% of respondents believe underwriting and risk profiling is the area of the insurance value chain that will be most positively impacted by AI.
Over half of US consumers willing to share wearable data for tailored life insurance policy
Using more-robust data and additional indicators, including resting heart rate and sleep quality can lead to get a more-accurate picture of an individual’s health and lifestyle.
IAG enters UK travel insurance market amid growing embedded insurance partnerships
IAG’s entry into the travel insurance sector will build on its existing customer base and distribution channels to offer tailored personal lines products.
Brokers risk falling behind as AI disruption accelerates
GlobalData’s 2025 UK SME Insurance Survey has found that 64.5% of SMEs are somewhat comfortable with AI assessing their insurance needs.
UK insurers face challenges in EV adoption
Insurers are increasingly pressured to modify their products to cater to the specific needs of EV drivers, which differ significantly from those of traditional vehicle owners.