Guidewire Survey: Insurance Customers Look to Cut Insurance Spending Due to Cost-of-living Concerns
Guidewire Software, Inc. (GWRE)
Last guidewire software, inc. earnings: 3/4 04:15 pm
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Company Research
Source: Business Wire
Almost four in ten people have never spoken to their insurer, highlighting the engagement gap between insurers and their customers LONDON--(BUSINESS WIRE)--Guidewire (NYSE: GWRE) today announced the UK results of its annual EMEA Insurance Consumer Survey, available in a whitepaper. In the face of economic pressure insurance customers may cut back on certain types of insurance coverage. The survey also found that insurance customers are choosing flexible insurance policies due to lifestyle factors instead of price.With most people (86%) concerned about the cost-of-living crisis, many are considering how to cut back. For almost half of insurance customers (48%), that will be insurance cover that they are not legally obliged to have. Policies likely to get the chop are cover for travel (18%), home contents (17%), and bicycles (16%).This comes at a time when the opinions people have of insurers have been tested by outside events. More than a third of people think that insurers are nece
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