GlobalData

GlobalData is a leading provider of data, analytics, and insights on the world's largest industries.

See below for the Latest GlobalData News, Analysis, Profit Results, Share Price Information, and Commentary. 

Motor insurance segment in S. Korea to exceed $19b by 2028: GlobalData

Healthy loss ratio driven by lower claims will assist insurers in re-assessing their risk exposure.
3 days ago

Motor insurance segment in S. Korea to exceed $19b by 2028: GlobalData

Healthy loss ratio driven by lower claims will assist insurers in re-assessing their risk exposure.
3 days ago

Property insurance in China could reach $41b in 2024

The industry saw a higher demand for property insurance driven by NatCat events in 2023.

Chinese life insurance set for 9% annual growth, to reach $893b by 2028: GlobalData

Increased awareness of health and better financial planning are a few of the growth drivers of China’s life insurance sector.

Mainland Chinese tourists fuel growth in Hong Kong’s life insurance market

The industry will grow 4.1% by 2028 due to more mainland tourists and the super aging population.

Market cap of top insurers climbs in Q4, first three months in ‘choppy’ waters

Demand for life and cyber coverage, China's reopening, and the adoption of insurtech could drive the industry forward. 

Economic slowdown challenges insurance underwriting; emerging markets show promise

Swiss Re Institute analyst underscored that real premium growth in emerging markets, including China, outpaces the more advanced economies.

Australia’s general insurance sector to surge 9.1% by 2027

The industry is seen to grow by 9.5% in 2023 and 9.8% in 2024.

Taiwan’s life insurance sector will bounce back in 2024 – GlobalData

The industry is forecast to grow at a compound annual growth rate (CAGR) of 3.0% to $91.6b in 2027.

Thailand’s general insurance market to generate $11b by 2027 – GlobalData

Motor insurance accounts for 54.8% of the GWP in 2022, and is expected to grow by 5.6% in 2023.

Indonesia’s insurance M&A to reach $22b in 2027: GlobalData

The increase in MCR for insurers is expected to lead to merger and acquisition (M&A) activities.

SG accident, health insurance to see highest growth of 6.7% annually

Personal accident and health insurance are poised to witness significant growth amidst a thriving general insurance landscape in Singapore.

Singapore’s general insurance industry to hit S$7.35b in 2028

The industry will grow at a compound annual growth rate (CAGR) of 5.8%.

APAC’s liability insurance sector to exceed $61b by 2027: GlobalData

Its growth will be underpinned by robust economic development in key markets and enhanced product offerings.

SG’s property insurance to stay afloat in 2023 – GlobalData

Disciplined underwriting and well-diversified portfolios will support profitability, an analyst said.

South Korea’s life insurance industry to exceed $190b by 2027: GlobalData

One of the driving factors is South Korea’s shrinking ageing population.