GlobalData News

COVID-19 Will Drive Demand in UK for Bike Insurance: GlobalData

Bicycle insurance is not a popular product in the UK – but that could be about to change, said GlobalData, the London-based platform that provides data analytics and expert analysis about global industries. Less than 1% of UK consumers have …

UK Brokers Rely on Face-to-Face Meetings, Hampering Client Support During Lockdown

Brokers have been slow to adopt social media and digital technologies as a whole, which is hampering their ability to keep the clients satisfied during the lockdown, said GlobalData in a report. The entire industry will face a changing landscape …

Wimbledon Shows How Pandemic Insurance Could Become Vital for Sports, Other Events

The Wimbledon tennis tournament had the foresight to buy around £1.5 million (US$1.9 million) per year in pandemic insurance following the SARS outbreak in 2003, said GlobalData in a recent bulletin. Paying out roughly £25.5 million (US$31.7 million) in premiums …

How U.S. Insurance Industry Deals Fared in February

Financial deals in the U.S. insurance industry dropped off 8% during February 2020 compared with the last 12-month average. According to GlobalData’s deals database, a total of 46 deals worth $3.27 billion were announced in February 2020, compared to the …

Global Insurance Industry M&A Total Reached $12.92B in December

Total insurance industry merger and acquisition (M&A) deals in December 2019 worth $12.92 billion were announced globally, according to GlobalData’s deals database. The value marked an increase of 470.5% over the previous month and a rise of 336.3% when compared …