UK insurance customers were most likely to cut their spending on travel insurance due to rising inflation, rather than other types of non-mandatory insurance. Based on the survey conducted among adult insurance owners, the share of respondents who would cut travel insurance due to higher cost of living was 18 percent. This was followed by home contents insurance, with 17 percent of respondents deeming it expendable.
Non-mandatory insurance types customers would cut their spending on due to inflation in the United Kingdom in 2022
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Guidewire Software. (July 1, 2022). Non-mandatory insurance types customers would cut their spending on due to inflation in the United Kingdom in 2022 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1333570/non-mandatory-insurance-cancellation-due-to-inflation-uk/
Guidewire Software. "Non-mandatory insurance types customers would cut their spending on due to inflation in the United Kingdom in 2022." Chart. July 1, 2022. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1333570/non-mandatory-insurance-cancellation-due-to-inflation-uk/
Guidewire Software. (2022). Non-mandatory insurance types customers would cut their spending on due to inflation in the United Kingdom in 2022. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1333570/non-mandatory-insurance-cancellation-due-to-inflation-uk/
Guidewire Software. "Non-mandatory Insurance Types Customers Would Cut Their Spending on Due to Inflation in The United Kingdom in 2022." Statista, Statista Inc., 1 Jul 2022, https://www.statista.com/statistics/1333570/non-mandatory-insurance-cancellation-due-to-inflation-uk/
Guidewire Software, Non-mandatory insurance types customers would cut their spending on due to inflation in the United Kingdom in 2022 Statista, https://www.statista.com/statistics/1333570/non-mandatory-insurance-cancellation-due-to-inflation-uk/ (last visited December 22, 2024)
Non-mandatory insurance types customers would cut their spending on due to inflation in the United Kingdom in 2022 [Graph], Guidewire Software, July 1, 2022. [Online]. Available: https://www.statista.com/statistics/1333570/non-mandatory-insurance-cancellation-due-to-inflation-uk/
