How did the insurance coverage business deal with cloud in Q3 2023 filings?

Notably, cloud was probably the most continuously referenced themes in Q3 2023, rating highest when it comes to mentions, forward of ecommerce and social media, based on GlobalData.

Of the highest main corporations within the insurance coverage business, Cathay Monetary had the best improve in references for cloud in Q3 2023, in contrast with the earlier quarter. GlobalData recognized 11 cloud-related sentences within the firm’s filings – 0.2% of all sentences – and a rise of 175% in Q3 2023 in contrast with Q3 2022. HDFC Life Insurance coverage’s mentions of cloud rose by 100% to 4 and Bajaj Finserv’s by 25% to three and Hartford Monetary Companies Group’s by 200% to three.

GlobalData’s Firm Filings Analytics additionally applies sentiment weight to reference sentences, based mostly on whether or not the sentences are constructive, destructive, or impartial. Beginning at 100 in 2020, an index over 100 is extra constructive. The general index for cloud in Q3 2023 was 81.

For additional understanding of GlobalData’s Insurance coverage: Filings Tendencies & Alerts Q3 2023, purchase the report right here.

This content material was up to date on 12 October 2023


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GlobalData, the main supplier of business intelligence, offered the underlying knowledge, analysis, and evaluation used to provide this text.

GlobalData’s Firm Filings Analytics makes use of machine studying to uncover key insights and monitor sentiment throughout thousands and thousands of regulatory filings and different company disclosures for 1000’s of corporations internationally’s largest industries.

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